. >> beth ann bovino, let me put it this way -- you have to look that thehe firestorm tey -- theomasfirestorm, how do you avoid being dragged into the moral debate? >> this is not just affecting the poor. it is affecting everyone. i believe income inequality is one of the reasons we had the financial crisis -- i'm sorry, the great recession that we did, and also one of the reasons we have such a slow recovery. >> when you take a look at a longer term view if you were to focus on education, what is the potential to add to gdp? >> in terms of education? >> yeah. >> i did a quick analysis, in terms of what if we added one year of education to everybody, the american workforce, what we would see in five years, and when i came across was in terms of growth, the productivity gains we would get from just one more year of education for the entire workforce, it would add a little over -- about $525 billion to gdp growth by 2019, and that would be about 2.4% growth. >> wow. >> a pretty nice number. >> real dollars. thank you, beth ann bovino, of standard & poor's, who took a look at income ine

to be reaching extremes that quote need to be watched because they're damaging to growth said beth ann bovino chief u.s. economist at s. and p. so what they found is that because of the increase in wealth and income gap it's actually is causing slower growth it is harming the economy is causing not the young looking hot dorian gray but the old haggard uncle sam because it turns into boom and bust boom bust because the poor need to increasingly rely on more and more debt and also less and less consumption one once everything goes wrong and they're cut off from the debt so again this dorian gray isn't really a gloomy economy or is it the haggard old painting of this in the attic so that moment reconciliation is fast approaching in the story at the end of the story when the really the reveal of the american economy your uncle sam as being an old hag is shown and that'll take manifest itself essentially and i believe in a sudden burst of inflation so food and energy something triple in price and america goes down the tubes as we all knew what our states are going to affect yes and everybody will