investors are demanding more for their money. good. this time, i'm watching fees like a hawk. i hate hidden fees. why should i have to pay for something that i shouldn't have to pay for? td ameritrade's pricing is clear and it's straightforward... it's spelled out upfront. no hidden fees... no bait and switch. no gotchas. and there's one flat rate for online equity trades... for big accounts... or small ones. that's the way it ought to be. time for fresh thinking. time for td ameritrade. i'm lawrence taylor. i lost 35 pounds on nutrisystem. give nutrisystem for men a try. losing weight has never been easier. that's me 22 pounds ago, and i'm never going back there again.

don't miss our best tv offer: order now and you can get an extra four weeks of meals free. that's right, 140 meals absolutely free! hey, get back in the game like i did. i did...go...all...the...way, whoop! i lost 50 pounds with nutrisystem for men. get off your butt and try it. nutrisystem worked for me, and it can work for you, too. don't miss our best tv offer: order now and you can get an extra four weeks of awesome meals! 28 breakfasts, lunches, dinners, desserts, and snacks. 140 meals absolutely free. call or click now. don't make me come looking for you. >> sean: welcome back to our hannity special. generation zero. we watched the obama administration increase the national debt by an unprecedented amount.

they say they are doing this to get us out of the last financial crisis. could they be bringing about the next big one? >> we have as it stands right now a 12 trillion dollar national debt. over seven trillion in external debt or trade debt. almost two trillion dollar federal budget deficit in >> in 2009. the government is borrowing over 1.8 trillion dollars that comes to more than 150 billion dollars a machine. next year it will be 1.4 trillion. we are going to continue borrowing over 100 billion dollars a month over a trillion a year. >> it doesn't take a ph.d in economics to think that you can run one trillion, two trillion, five trillion, 10 trillion dollars of debt. >> these numbers are incomprehensible, they are so large. >> the fiscal crunch can be dated fairly precisely. it's the year 2011 that is the year the first baby boomer turns 65.

and qualifies for medicare benefits. >> the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven't the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond -- massive borrowing, far beyond what we can afford. >> it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond. if you add all of that

together it only comes to just over 50 trillion dollars. so we have problems, twice the wealth of the entire united states to the elderly, that will have to be paid one way or another. >> sean: we continue with dave bossie and steve bannon. nothing gets me angrier than robbing the piggy banks of our children and grandchildren. how long can we sustain 1.56 trillion of debt a year? >> we remember in the 80s, we used to say the debt we are creating is gonna be foisted on our grandchildren and our great grand children. the debt today is now on us. it is not going away it's getting bigger. 100 billion dollars a month unsustainable. >> if you look at this massive liability with social security, medicaid and medicare, 100

trillion dollars that's not the worst entitlement program. the worst is a political class that think they have a credit card that just continue to run up these deficits. federal spending, the size of the deficit and the debt. >> that's what barack obama has done, i think is really become the poster child for the debt. that's what he's done in my opinion, to energize the tea party movement and the conservative movement within this country. and why there's tremendous candidates, why there's a kristi, scott brown, why there's these folks getting elected that normally wouldn't. >> sean: i agree. the people that i've talked to in the tee party movement that write me and call my radio program. they are concerned this is going to be the first time ever in the history of this country that we handle off the country to them in worse shape than we received it. people find that unconscionable. >> it really is. that's one of the things that this film, i think does so

beautifully is crystalize that that we the living, there's this bridge between the folks who have gone before us, the dead and the unborn. and it is a bridge we have always -- the generations are always supposed to give this country, because we are the greatest nation. >> it is funny, the tea party they are mocked as being stupid, they really get it. >> sean: anybody that is not a liberal. >> you know what they get? this is a real crisis. not a manufactured crisis like global warming or the health care crisis. this is an existential crisis. >> sean: for all the anger. anger and frustration with republicans, you know, they their spending was getting out of control too. they were using money to keep their power. as bad as they were, nobody would have anticipated that in one year barack obama would nearly quadruple the deficit spending and raise it more in

a second year. >> and quadruple the money supply. this is a big problem. this is a republican and democrat problem. the republicans under george bush spent out of control and it is one of the reasons they got kicked out of power. >> sean: 400 billion dollars to 1.3 trillion in one year. >> republican congress was spending, spending and it was horrible. and we became what we fought against in 1994. what we said we do and fix. and we paid the principle decision and newt gingrich for four years balanced the budget if people remembered, 1995 to 1999. >> the other thing is the scale of this and how quickly it is moving. the deficient president obama's 2010 budget is the size of federal spending under george bush in 2001, about 1.8 trillion dollars. the scale of this is getting out of control. even liberal economists are now starting to get concerned. >> sean: look at what is happening in some of these

european countries. >> they are the canary in the mine shaft. >> sean: they are warning about what is to happen. a look at this 's forgotten man who government policy is punishing and how they will be harmed. it is not the folks making over $250,000. >> the forgotten man today is our children and grandchildren. because we're taking their money and we're leaving them with the debt. grandparents are robbing the grandchildren. we are loading the debt on their shoulders and telling ourselves the little bedtime story that it will be all okay.

>> sean: tonight we are taking a look at roots of the financial crisis through the documentary film "generation zero." the film points at the country's political leaders but also sending a stern message to each and every american. let's take a look. >> if we are going to embrace the path of freedom, we going to have to do some hard things and make hard decision . we have to tell some people no, they are not going to get bail outs. >> you either have the courage to make the hard decisions now or forced later on to live with the hard consequences. what we call maturity, being adult, having real judgment. >> there is a lack of quality in our leadership. in every aspect p in every role in every part of our

public life. the real crisis in leadership begins in homes and households of this country. until the american people understand that they have to take responsibility for their own lives, that we can no longer depend on -- for efforts and energy dedicated to our interests we going to continue with one of the most threatening crises in our country's history. >> the problem that we face is one of national character right now. we have traditionally thought of the american way of life as one in which we enjoy a huge amount of thriving and prosperity, but furthermore, which engage in a system of free enterprise]=ób and prospery and opportunity that we pass on to our children that means that they're going to have at least as much opportunity as we ever had. what we are doing now in response to this crisis is contrary to that. our political class is telling

us that what we need to do to save ourselves is to mortgage the future of our country and the future of our children. that's a change in our national character. and a change in our national culture. that's a very, very extreme thing to do. >> the forgotten man in the 1930s was the little guy who didn't happen to be in the program from the government who didn't happen to fall into one of the favored groups of the new deal. the little business struggling and waiting for government experiment and recession to end. the forgotten man today is our children and ground children. because, we're taking their money and leaving them with the debt. >> sean: we continue with dave bossie and steve bannon. i like what everybody said here. if you go to arthur brooks and he goes on about free enterprise, et cetera, we have to make hard decisions and tell people no, you are not getting any more of our money,

pretty simple. >> if you can't afford the house, don't buy it. you have to be told no at some point. if you don't have a credit rating that can buy the car, you done buy the car. it's not nice. it is not politically correct, it doesn't feel good, but it's the right thing to do. >> when i grew up, when i started my adult life to dropout of college three times i couldn't afford to pay for. i was doing construction painting houses, laying tile and doing anything to get my next batch of money. i drove two and three hundred dollar cars. i pained my land lord's apartment. i never expected the rich to give me money. i expected to earn money. >> different time, different promised so much. one of the problems we have is that all the easy choices are in back of us. all the simple solutions are years ago. all we have in of us today if you play this out is hard choices. even worse, they are all going

to be unpopular. party is saying. white horse to come in. >> sean: this is interesting. george bush made tough decisions. everybody supported him. then over time the demonization begins. when it comes time to cut medicare, deal with social security. when it comes time to deal with budget deficits and you is the country going to accept that? we are at a cross roads, right? >> i think the tea party movement is showing you that and the next couple of years -- >> sean: will they sustain it not the tea party movement. >> i don't though we'll have a choice. this is tough medicine. >> sean: nobody wants that >> nobody ever wants that but that's how we to this problem this irresponsible behavior by the politicians and by wall street. >> sean: this is the whole point to tie this together, different mentality of my

parents and my grandparents which had nothing. >> they had the responsibility. they knew if they didn't earn the money they couldn't buy the car, the house. >> sean: where did we get to this point where whether you can afford a house or not -- >> narcissism, culture revolution of the 60s. we had this narcissistic behavior where the self became everything it becomes the me generation. >> sean: there's a political component. there are people that have always wanted and advanced the idea of socialism in america. if you want to use the marx line from each according to their aeurbt. >> capitalism you keep getting bailed out. the elites keep the upside and the american taxpayer pays we nationalize the risk and privatize the profits. that's why you have anger from the working man. it is not fair. our currency is not backed up

by gold, silver, it is backed up by trust. what we're seeing now, i think for the first time in american history is the american people are starting to lose faith and confidence in their government. >> sean: two things have come up recently. america's aaa bone rating there's talk it is in danger -- bond rating. there's talk it is in danger. the dollar will not be the world standard. >> that's inconceivable to me this is an exceptional nation. we have some problems, we have some tough medicine ahead. but we're gonna get back on track. country. i have great faith in our people, in the working men and women of this country. >> sean: coming up, america's most difficult decisions may not be behind her. >> revolutionary war period up through creating our constitution, the civil war

period and the great depression in world war ii. in those three peers, people had to decide what kind of country we were gonna be. where we were gonna go as a nation. i think we are entering a similar period. the choices over the next few years are among the most years are among the most profoutoyota has done a lotin of search and a lot of work, and we've been open 24 hours a day -- 7 days a week. and we've made a tremendous amount of progress. you know, safety and reliability is top priority. i mean i got a family, too. i got a mother, a grandmother, kids, and we all drive in these cars. i am 100% confident in the product. [ male announcer ] we're grateful to technicians like ronny who are helping us provide you with safe and reliable vehicles. for more information, please visit toyota.com.

>> sean: in nation has survived many trials from the great wars of the last century to september 11th, generation zero suggests some of our most daunting challenges may lie ahead. >> we, in my generation, bear an absolute responsibility for squandering that wealth. and for what we have done to future generations. my generation owes it to the

moment in history in which we live and those succeeding generations to try to right what we have absolutely failed in over the course of the past 40 years. it is a great burr. unfortunately, we are not the ones who&h will carry that burden. the future generations of americans certainly will. >> thomas payne in the american revolution said these are the times that try men's souls. lincoln and fdr during the civil war and great depression had similar expressions about how we need to soldier on. we needed to continue to do the right thing. we needed to reach down within ourselves for resourcefulness, fortitude. and these are times that will be remembered by future generations. >> no one should understatement where we are today. we are either going to be a

decentral america solves huge problems. more importantly, necessary for the evolution of civilization there has to be a period when we get rid of what is old. particularly what is old institutionally. we make the ground fresh again for the young. >> the question of what that new order will be, is up to us and to the younger generations

and it always will be. >> sean: we are back with the producers of that fill, dave b3ñ ban. we were talking in the break about what it would reallyw#b take to get america's fiscal house in order. it will take dramatic changes. it would take a change in attitude, in the culture. you think it can happen? >> it has to happen. for us to continue as this great nation, it has to happen. i believe it will happen. it takes politicians with courage. it takes politicians with conviction. i believe that there are men and women out there that can did it. barack obama is simply trying to be all things to all people. i think he's trying to spend and his way out of this problem. >> sean: i was right about obama from the beginning, deaf -- rigidize log, a sense of tone deafness.

will the american people accept the gravy train is over and the politicians have the political courage to say sorry no more? >> it time to find out that's one of the great things about think back [ talking over each other ] >> it is the voice of the working man and woman in this country the decent people who fight our wars who run ourselves vick organizes who are the backbone of this country. they have 1950s values, roll up their sleeves and decent folks. >> sean: not looking for hand-outs. >> the exact opposite. >> they want to say their peace and they want to be heard and respected. >> look how they are being vilified now. look back at the vietnam war the way nixon, ronald reagan vilified in the first part of his administration look how george bush was vilified and demonized. i think we are going to go through a period, there are no easy decisions no popular decisions. that's why the tea party movement is so=

the back of a new generation of political leaders, hopefully some come from baby boomers. >> sean: i watched gingrich up close during the revolution his contract with america day george w. bush did was kept this country safe and he never wavered on the idea that we've got to be on the offense. which we weren't in the lead-up in the 90s. i don't know, these problems seem worse to me. has taken us back to bill clinton era policies. &$4= us back to carter on steroids. >> that's frightening. we can build, even though we have a calamity here and we built on the ashes before. after the great depression, after world war ii. we can do it again. this country can do it. we are the greatest country in the world and we can do it. >> but we have a timeframe.és$u

i think the day of reckoning is coming. by china and t(nybiks gulf emirs and russia, that the day of accounting is coming. the further we go down this road without making these fundamental changes the smaller the playing field. the fewer our options. we've always had a delay had different alternatives, options. you will see that narrow down. that's why the next few years are critically important. ñ, contract work, reagan worked, inspired people, he changed the worm. economically, he made the world a safer place. those would be my two models. >> this film is a wake-up call. i think it will inspire people if they watch it. ronald reagan was my inspiration. >> sean: mine too. >> that's what we try to do here. >> sean: great film, i appreciated it. thanks for being with us. that is all the time we have left this evening. fo