aol is at the forefront.ommit their ad spending to digital a year in advantage just like tv buyers do. if you look at what most corporations are trying to do is, it is keeping up with consumers. it takes a lot of planning and effort. with p cans like aol facilitating up front, to talk about automation and how technology can help them, they are able to get ahead of the curve. if you are a major customer coming to you're event, you are going to get a jump on where the industry is going and stay closer to consumers. there is 15 billion connected devices in the world today. in 2020, there is going to be 30 billion. if you are a corporation trying to reach consumers, this is an important week. we want to help you plan for that. >> a growing rate in competitors. rising yahoo!. on some elements you can be with google. now, twitter, going public and facebook. why should an advertiser come to aol? >> the benefit of being a partner of ours is that aol not only has our owned and operated properties, the "huffington post

. >> in the parking lot of the aol building a big couch being wheeled into the future.t's a couch many young entrepreneurs have slept on if they made that it far. >> people sleep under desks. they like just like, code, code, for 15 hours, then lie down on the floor and sleep for a couple hours, get back up. >> it's that passion that makes a perfect fit here at star x. the start up accelerateor. it's a learning program for entrepreneurs who are passionate about an idea. >> when i say passionate i don't mean they think it's cool. it's that they can't sleep at night. because they're thinking about it. >> cameron founded start x two years ago. >> this is your december snk messiest? >> yes. i'm not too clean. >> now, he's packing his things. smart x isn't shutting down after launching 10 successful companies including a building toy company for girls they've outgrown the space aol gave it. >> and now with a 3.6 in mn needed to rent more space, nobody planning to spread out, turning out working shoulder to shoulder made it so success oofl you probably take this out. and in th

. >> in the parking lot of the aol building a big couch being wheeled into the future. young entrepreneurs have slept on if they made that it far. >> people sleep under desks. they like just like, code, code, for 15 hours, then lie down on the floor and sleep for a couple hours, get back up. >> it's that passion that makes a perfect fit here at star x. the start up accelerateor. it's a learning program for entrepreneurs who are passionate about an idea. >> when i say passionate i don't mean they think it's cool. it's that they can't sleep at night. because they're thinking about it. >> cameron founded start x two years ago. >> this is your december snk messiest? >> yes. i'm not too clean. >> now, he's packing his things. smart x isn't shutting down after launching 10 successful companies including a building toy company for girls they've outgrown the space aol gave it. >> and now with a 3.6 and more in mn needed to rent more space, nobody planning to spread out, turning out working shoulder to shoulder made it so success oofl you probably take this out. and in the space

. >> reporter: in the parking lot of the aol building in palo alto, a big leather couch is being wheeledsted into the future. it's a couch many young entrepreneurs have slept on if they made it that far. >> people sleep under the desks sometimes. they'll code, code, code for 15 hours straight and then lie down on the floor and sleep for a couple of hours and get back up. >> reporter: it's that kind of passion that makes a perfect fit here at startex, borne out of stanford university. it's a learning program for entrepreneurs who are passionate about an idea. >> when i say passionate, i don't mean that they think it's cool. it's that they can't sleep at night because they're thinking about it. >> reporter: cameron founded the company two years ago. this is your desk, the messiest one of all? >> yeah, i'm not too clean. >> reporter: now he's packing his things. startex isn't shutting down. far from it. after helping to hatch 176 start-u start-ups, it has outgrown the space aol gave it to get off the ground. and now with a $3.6 million grant from the university and the hospital, it's headin

aol trying to make a bundle comeback announcing this morning a new subscription bundle service.ather and it bundles a number of existing subscriptions and offers them at a discount. for instance the man cave package offers maxim and kcar ad driver magazines along with the ad-free perfection of pandora. customers reportedly save more than half of what they would pay for the services separately and there's also a create your own bundle option. these packages run about $15 a month. subscriptions to choose from include games, shopping, and that man cave package is not too bad. maybe something you'd like there, aaron. >> maybe, yeah. i'll have to look into it. >>> it is now 6:41. time for weather and traffic on the 1s. let's check in with storm team 4 meteorologist tom kierein with a beautiful look outside, tom. >>> a wonderful view of our sun rise over the potomac. that's a live view from the nbc 4 hd city camera. as your nostrils flare with the aroma of breakfast there is a chill in the air. it's only in the 40s much of west virginia, virginia and maryland, our nearby neighborhoods

. >> i aols also a resident of san francisco. >> you work in marine but also a resident of san francisco. it eats always the reverse. >> sometimes that's the case, i want to encourage you to exercise your leadership and give residences and businesses a choice in our power supply, now's ao time for change and now's your opportunity to make this happen and start moving things forward to cleanpowersf, it will create jobs and local power, it will reduce greenhouse gas emissions, it worked in the city of richmond where we serve 80% of the customer base, we reduced more than 30 thousand tons of greenhouse gas emission, we built local power, we have three more projects in the works, we're implementing energy efficiency programs and these are all creates local jobs and benefiting our local economy, if it worked in marine and richmond, i know it can work here as well. one thing i have to acknowledge here today is the shell shock campaign that we see. i was with the marine program before we launched service when pg&e spent 44 million dollars marketing against our program and trying to defeat this

independent production fund, with support from the partridge foundation, a john aol

ceo wrote times bigger than last year and now bigger than aol and craig's list in the united states. from bloomberg studios in san francisco, larry, carolyn, back to you. >> thank you, have a great weekend. >> in france, 64 cars destroyed by a fire started by a barbecue grill. take a look at this. it took several hours to bringt fire under control. police say two men have admitted to leaving their barbecue unattended. now they face jail time and could be forced to pay for hundreds of thousands of dollars in damages. >> new york city police arrested a driver they say posted this video of himself speeding around manhattan in just over 24 minutes. the 30-year-old christopher adam things been charged with reckless driving, reckless endangerment and other charges and police seized his bmw x 4. >> there is the proof. crazy. >> yes. yes. >> this is crazy. we're going to see triple digits inland for three days. here is a look it's sunny from coast to inland. getting hotter over the weekend. notice absence of the marine layer there. so far reaching 9234 clover dale. 95 down south. 77 half moo

>>reporter: in the parking lot of the aol building in palo alto big leather couch being wheeled and voicehe futur future. couch many young entrepreneur have slept on if they made it that far. >> sleep under the desk system systems. tl just like f code code code for 15 hours straight and lay down on the floor and sleep for tl sleep for a couple hours and back up. >>reporter: that kind of passion make a perfect fit at the start up accelerator born out of stanford university. learning program for entrepreneur who are passionate about an idea. >> i say passionate i don't mean they think it's cool. it's that they can't sleep at night because they are thinking about it. >>reporter: at the funded start up two years ago. this is your desk. messy of all. >> yes. pivshtion now he's packing his things. not shutting down far from it. after helping to hatch 136 start ups including the toy company for girls and a braille label machine for the blind they have out grown the space to get off the ground. and now with a 3.6 million dollar grant from the university and the hospital it's heading out on its ow

i know you love the company, aol, they're spinning off publishing, getting rid of all the dead weightur thoughts? >> first let me say he's a great american. i wish he'd come on. he taught me so much. when i was with him, he'd say when you dial around, you always stop when you see "the fugitive." they show "fugitive" and "shawshank" endlessly. i want to be jeff bucas! but i'm jim cramer. the fed decision, what did we learn? never play cards with a man named ben! >> coming up, fashion or failure? retail has been hit or miss this year, with some stocks soaring and others hitting the clearance rack. while wall street browses for the next winner, cramer takes you inside what's working in his exclusive with shopping center operator federal realty. and later, best for the rest. all week long cramer is tracking down this market's top performers to find out which stocks could close out the rest of 2013 strong. the bank stocks have shaken off scares of regulation to roar higher this year. but with the fed delaying the are fittest? all coming up on "mad money." follow @jimcramer on twitter. have

they are basically combining the promise of what aol did a decade ago.when talking about this. that is what companies are getting on board four. >> remember, i'm the son that you do like. >> when you think about twitter, and then can a company monetize their success this is a great advertiser, lends great credibility. here is the great way to bring awareness. i think that they are taking a big leap on this. other stock like facebook and apple and monetize content. >> i will be watching the baltic dry index. neil: so weird, so as i. [laughter] >> every day in september, 32% in just the last two weeks, and although ben bernanke says we have higher prices for shipping, they are there to watch this. >> he will be waiting up for the consumer sentiment amount. they contact 500 households asking them how they feel about the economy and what are their spending habits likely to be. we are going to give a good gauge as to what the people feel about the economy. if those numbers are good, it makes people tell themselves that i need to be spending more because i nee

> i think twitter is a great success story and really kind of god child of what we were building at aoleration of getting people online. >> the god child -- you think it's almost -- >> i do. >> a continuum of what you were doing at aol. >> very much so, i'm proud of what we've done. we invented instant messaging and realtime commissions with aim. and turned it into a publishing platform in a one to one and one to many communications. i think it's just getting started. when you look around the world, 2.2 billion people connected to the internet. the majority of them now using mobile devices. >> would you invest in twitter at the ipo? >> yes. >> and you don't have a stake in it now as a -- >> no. >> i'm sure you wish you did. >> i wish i did. >> let's talk groupon. >> spent about six months, nine months really in the trenches running it. >> well, i've been involved in the company since day one and i've been on the board and i did step in to be co-ceo. and now i'm the ceo of the company. >> is there an opportunity for this company? it felt like it was going in the wrong direction up until

over half of internet traffic went through aol. he seems back on track. you say that. i think it is the unhurled internet story. yahoo! is up so much. on the shutdown, what can i say? we know that bernanke knew what he was doing. people come on and try to game it. i just think that no one can. one of your guests earlier talked about taking a tranquilizer. that seems to be sound advice. >> that's all? i just think the market is too high. i said on friday that the vics 15 is way too low. because i don't know if it is going to be a week or two weeks, from a stocks point of view, we are too high. >> you don't buy on all this bad news. >> no, too early. it was too early in 2011. too early in 2012. too early in the sequester. not that early in the 1995/1996 scenario, because the market went up. i don't think there was a group of people that think it was important to shut down the government. it was just people that couldn't agree. i think there is a hard-core group of people that really would like to see us default. >>> are you talking about the white house, ji

way back, "businesweek" one of magazine had a cover story on steve case, a long load back after time aolsaw the worst merger, it has been 10, 15 years of coming back and doing things to come back. >> in his case he got the better of that deal? >> but he has been labeled with that deal. obama because he controls his images all of the time has an easier shot, he can be on the news any day, and use any even that occurs to build up his reputation. neil: i always wonder, with george w. bush, whether you like him or not, he would not get the same reviews. >> right, it goes without saying that obama is getting benefit of doubt on most -- it is more critical than it used to be, given the media biassed today obama, when there is an opportunity he does something well, it will be played very large, as his come back story. he will get a boost when the moment arises. he is good add being our national consoler in chief. he may use that to once again show what he is good at, in touchiig people and putin stuff, will begun. neil: you could be right, obsess in the moment, forget it is the moment. suzie we

. >> in the parking lot of the aol building inial at, a big leather couch is being wheeled and hoistede. it's a couch many young entrepreneurs have slept on if they made it that far. >> he will sleep under the desk sometimes. code, code, code for 15 hours straight and then lion the floor and sleep for a couple hours and get back up. >> it's that kind of passion that makes a perfect fit here at start-x, the start-up accelerator born out of stanford university. it's a learning program for entrepreneurs who are passionate about an idea. >> when i say passionate, i don't mean that they think it's cool. it's they can't sleep at night because they are thinking with it. >> he started it two years ago. this is your desk, the messiest one of all? >> yeah, i'm not too clean. >> now he's packing his things. start-x isn't shutting down. far from it. after helping to hatch 136 start-ups, including the building toy company for girls and six dot which makes a braille labeling machine for the blind, start-x has outgrown the space they gave it to get off the ground. now with a $3.6 million grant from t

i know you love the company, aol, they're getting rid of all the dead weight. it's off $3, it hasn't gone anywhere. what is your thoughts. >> first let me say he's a great american. i wish he'd come on. he taught me so much. when i was with him, he'd say when you dollar round, you always stop when you see "the fugitive." they show "fugitive" and "shawshank" endlessly. i want to be jeff bucas! the fed decision, what did we learn? never play cards with a man named ben! >> coming up, fashion or failure? retail has been hit or miss this year with some stocks soaring and others hitting the clearance rack. while wall street browses for the next winner, cramer takes an inside what's working in his exclusive with shopping center operator federal reality. and later best for the rest. all week long cramer is tracking done this market's top performers to find out which stocks could close out the rest of 2013 strong. the bank stocks have shaken off regulation to roar high they er year. but with the fed delaying taper, which are coming out of the vault? next on "mad money."

steve case, jerry levin and the making of aol time warner.she's invited wallet away this book was a very different experience, in another way was rather similar because steve case, jerry levin and they're like reminded her of the jeffrey sachs. i want to first of all begin with the misstatement about sachs. indeed, anybody who reads the book is going to recognize if anything she bends over backwards to respect it to be kind and do jeffrey sachs all the justice in the world. she writes in his speeches coming sachs presents his advances and ethical choice. clearly people to die or do something about it here after all, 2 billion people on the planet are scraping by on less than a dollar or two a day. nina monk, please. [applause] especially for those watching the tv who was made never heard of jeffrey sachs, who was he, when janine and why did you decide to do a book about him and his ventures? >> jeffrey sachs is probably best known among laypeople, best known for its 2006, 2005 a solid book called the end of poverty. it's about it when i read

. >> in the parking lot of the aol building inial at, a big leather couch is being wheeled and hoistednto the future. it's a couch many young entrepreneurs have slept on if they made it that far. >> he will sleep under the desk sometimes. they will like code, code, code for 15 hours straight and then lion the floor and sleep for a couple hours and get back up. >> it's that kind of passion that makes a perfect fit here at start-x, the start-up accelerator born out of stanford university. it's a learning program for entrepreneurs who are passionate about an idea. >> when i say passionate, i don't mean that they think it's cool. it's they can't sleep at night because they are thinking with it. >> he founded start-x two years ago. >> so this is your desk, the messiest one of all? >> yeah, i'm not too clean. >> now he's packing his things. start-x isn't shutting down. far from it. after helping to hatch 136 start-ups, including the building toy company for girls meca, and six dot, which makes a braille labeling machine for the blind, start-x has outgrown the space they gave it to get off th

he will remain strapped into the restraint chair for up to two hours aol officers feel it is safe to return him to his cell. >> the second assault in a week on that floor. inmate to officer. >> the dorm has a lot of young and aggressive inmates. >> you all right? >> i'm good. i was putting two guys coming back from gym in there. as soon as the door opens, the inmate steps out and cold cocs me. >> got a good bump -- >> it will breeze. my jaw's sore, but's good now. my knee. other than that, i'm fine. >> marquel? what's going on with you and the officer? >> nothing. >> why did you hit an officer? the sergeant and i walked through your old dorm and everything seemed fine. then my officers go into the dorm, and as soon as the door opens up, you hit one. i'm trying to figure out why. >> i made the fifth. >> just left him -- >> let me see your injury. >> part of the job. >> you got business in there -- >> narrator: during the assault, several inmates in white storm tried to rush the door which staff view as an escape attempt. >> the dermon camera was observed, several covering their faces,

you can look at aol and time warner. you can look at sprint and nextel, and sears and kmart. list goes on and on. there aren't a lot of case studies of putting two companies of this scale together and having it be a huge success, when you take into account all of the parameters that we have here in terms of mergers and acquisitions. >> all right. >> great points, both sides. >> yeah. yep. all right. >> thanks. >>> we have about 15 minutes to go before the closing bell. the dow is holding onto a gain of about 26 points. >> we're tracking the market movers on this first trading day of september. it's been a volatile one. >>> after the bell, i'll go one on one with bob nardelli with the august employment report just three days away. he has some concerns about the jobs market. we'll be right back. stay with us. ♪ ♪ [ male announcer ] some things are designed to draw crowds. ♪ ♪ others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. the all-new 2014 lexus is. nascar is ab.out excitement but tracking all the action and hearing everything from our mar

the unmaking of aol time warner. she has confided that while in a certain way this book was a very different experience, in another way it was rather similar because steve chase, jerry live yip and their like reminded her a bit of jeffrey sachs. but i want to first of all begin by just quoting from nina's statement about sachs, and indeed, anybody who reads the book is going to recognize that if anything she bends over backwards to respect and be kind and to do jeffrey sachs all the justice in the world. she writes on page three: in his speeches sachs presents his audience with an ethical choice that is no choice. leave people to die or do something about it. who can resist the call to action two billion people on the planet are scraping by on less than a dollar or two a day. nina munk, please, tell us. [applause] >> especially for those who are watching book which -- tv, jeffy sachs, who is he and why did you do a book about him. >> probably best known for, mook lay people, for his 2006-2005 best-selling book called

. >> aol, apple, ebay, facebook, google, netflix, office depot, office max--i can--staples, yahoo, and do you argue that you had something to do with google? it just seems so outlandish or kind of wacky. >> look, microsoft and google, all these people have patents of their own. they all enforce patents. they all charge other companies for patents, and all i'm trying to do is get back the investment that i made to create these patents. >> we kept hearing that what he's really trying to do is gain recognition as a tech visionary, but with his book idea man, he's being branded a bitter billionaire. what's your reaction to people saying it's kind of a revenge book, a bitter book? >> it's not about that. i just felt like, you know, it's an important piece of technology history, and i should tell it like it happened, and i hope people understand and respect that. >> but for all the bad feelings allen writes about with gates, near the end of the book, he reveals something that happened when he got cancer a second time in 2009. and he came to see you. he comforted you when you were sick. >> ri

bob iger tells you everyone's watching tv on my device -- >> it's still fascinating because we have aol's tim armstrong on yesterday, i reviewed the numbers. $200 billion will still be sprint on traditional television and about $7 billion on digital. >> there's more. i think it's a share take. >> it's a second way. i like the stocks of time warner very much. i like via come. we work for comcast. this is not against comcast. at the end of the interview with bob iger, he's talking about making -- making, producing for devices. the analysts who were way ahead of this and then they fell behind it, facebook has developed the right product for 1.1 billion people -- tv is domestic. this is not a domestic product, it's a coca-cola product. >> in the meantime citi does say they're talking to advisers and agencies and seeing sudden growth, which they admit they missed, including quarter to date, video ads, ads on instagram. say it does get added to the s&p by year end, is this a six handle or $55 target? >> on an earnings before interest, taxes depreciation, there was no ebidta before you coined it

something that i will always cherish, whether it was starting "squawk box" or starting -- you saw the aoltreet with bernie ebbers is something i'll never forget. when you were on set with liz clayman when i broke the dow jones new corps. >> the tape, as long as that was, doesn't give us time to walk through every scoop. i remember newscorp buying dow jones. now when you come to the desk, there is a bit of the buzz that goes through everybody on set saying what has he got? that is your currency, david. >> i appreciate that. those are not easy to do but when i look back, it's all the colleagues that i've had. people say that bullpt it's rea true, being a part of something and watching it grow. and to be a part of something that has grown so dramatically from those early days when i first was here 20 years ago has been extraordinary. >> what was the horse all about? >> that was just a few years back at kyle's ranch. we're going down there in a couple weeks. we're going to have some great guests. i will not go back on the horse. thankfully was able to stay on the horse when they asked me to d

. >> the fans stood in line after the game to get their aol west division champs shirts.nd may finish with the best record in the american league. playoff tickets for the division series are still available, too, but the numbers of tickets left for the first game that's limited. this year the first team is opening the third deck and if you go to the as website, that's all they have available at this point for that first game. you can show your oakland as pride by going to facebook page. there you will -- there you will find an a.l. west division badge. click on "like" and you can share your pride r. >>> one of the biggest annual conventions in san francisco is underway this week. it does create traffic chaos. find out why city leaders say the inconvenience is worth it. >> reporter: visitors of a park in santa clara fear it will be ruined if stocker fields are put there. hear why planning for the 49ers' stadium started this controversy. >>> good morning. traffic is very heavy in some areas. that's because of earlier problems. here on the east shore, it looks normal as you

we have aol, compuserve, and everyone was invited.ere was the latest thing just for college students. edu addresshave a . to be on facebook. fast forward to today's race book and it's a hot form. you can post videos, create events, talk about the news, the rules for facebook living are probably as obligated as any other government in terms of youryou can do and who friends are and what permissions you grant them. facebook is an enabling platform for everything from gameplaying to movie watching to club making. place.become a robust the next frontier is mobile because facebook was born of the desktop revolution era. they are working hard to create the mobile tools so that's always with you all a time. so we have facebook and we will talk about linkedin and twitter. why would anybody need so many social networks? how many friends can you have? there is an evolving culture of why some are better suited than others. in general, if you have been on erest,rest -- been on pint we speak and graphics. we put up images and we capture them -- we

a credit card service tops aol's weekly list of the top companies hiring this week. car solutions has more than 14,000 openings. petco has almost 11500,000 openings and pizza hut with 6300. california congressman darrell issa is the king of capitol hill in terms of wealth with an estimated fortune of $355 million. wonder who's at the bottom? california republican david baladow, will $4 million in the red all of it reportedly related to his dairy farm. >> monster university. anybody getting off. >> i'm officially a college student! >> monsters university was a big summer hit at the box office. but it fails to make playboy's new list of the nation's top party schools. west virginia university wins that honor or dishonor followed by wisconsin, colorado, oh, yeah, southern cal, right on and florida state. and those are your number ones here on "weekends with alex witt." (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in

. >> it's not easy trying to figure out the aol wild card.on teams within two games, tampa bay and texas top of the charts but their stock is shaky. somebody light me up! >> i'm thinking of trading my rays stock for royals stock. >> he is a genius. everybody knows him from the overnight. i am addicted to espn and i couldn't believe he even knew who i was. i told some of my friends at espn how happy i was this happened. john walsh, who run it is. neal everett is a very bright guy. >> have a great weekend, jim. >> thank you, buddy. >> i wish you good luck in football. >> when we come back, we'll dig deeper into the story. everything you need to know about twitter filing an ipo. and should walmart and others be forced to pay workers $12.50 an hour. washington's mayor vetoed such a measure. he'll explain why. [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's

supposed to be ala ariana huffington and have it blow up and be the greatest thing ever and sell to aol with that one? that didn't go very well. she had teamed up with hearst as well, 1999. by 2002, they were done. it was a complete failure and lost $80 million. so but she will continue because that is her personality or her future or her fortune, i'm not sure which one. but she will continue until the end of the year most likely. we'll see if that actually happens. and also with her -- she does a women's issue that she continues. women of the world summit, which will -- the daily beast will continue. this is big news and big money loss. >> brian: big merger with newsweek was a bust. >> right. >> steve: that was a dumb idea. >> heather: haven't you two been invite to do host that? the women's something? >> steve: many times. nicole, thank you very much, live report from down at broad and wall. my name isn't george gallup, i've been looking at our e-mail. brian, in relation to having the six kids running crazy on the set, overwhelmingly our viewers are supporting you. they agree with you

necessarily that twitter was better than facebook so much somebody new always comes along with -- >> remember aoland facebook, each one had gimmicks. facebook was relationship status, linkedin, every time there's the new next great thing, right now we think twitter plus wayin is an interesting combination. >> let's talk about continuing innovation, apple has stumbled in the stock market recently. do you think the run of innovation is over? or is this just a temporary cooling off period? >> i'm bias. i think it's always hard to follow the culture and the whatever of a very successful ceo. and steve was incredible and probably the only guy who has done it many, many times as opposed to being, you know, an accidental empire or whatever that a lot of us were a part of. we'll see whether wayin is a second act here or, you know, whether sun was just a magic moment. it was tough to follow the watsons at ibm, tough to follow hewlett and packard at hp and it was tough to follow at microsoft, and it's going to be really tough to follow steve jobs at apple. he was special. so i think that's the bigger issue

i was listening to the former chief information officer of aol time warner is also an adjunct professor at georgetown and sits on the boards of several venture funds in silicon valley, and and he suggested that there are four firms in the world who are leading technologic change, and all for our u.s. domicile firms. they are google, lincoln, facebook, and whose the force one -- fourth when? amazon, which i thought was really interesting. but his view is that it is still the leadership of the world and those are all u.s., some firms. while there are some warning signs in this particular chart, i think personally that it avoids the resurgence of economic growth for we say pick up and a resumption of the very positive trendline. as you know we saw significant allges from a fiscal perspective this chart basically shows the period 1950-2008 that we ran a deficit in terms of, the deficit to gdp ratio of about 1.8% were outlays exceeded receipts. the 2009-12 period, that rose to 8.7% of gdp. and the omb forecast 2018 is that it will fall to 3.5 but that still double the pace from 1950-2008. th