it credits g.d.p. ratio right now as you know two hundred thirty percent to two hundred fifty percent of the chinese going to say you know fine it's in this region but you know look at the u.s. the u.s. is also a two hundred fifty percent. you know europe is even higher than the japan is like over three hundred percent we don't have a problem but i would say that actually they do have a problem as it is but it's very serious one and the reason is because the u.s. debt is mainly over by the government and the government only has to pay extra only low interest rate so if you look at like the u.s. government issues of one year bond it pace less than point five percent in interest on an annual basis whereas the chinese government when even the government is issuing the bond it has to pay four percent interest and when you talk about chinese corporates they have to pay seven percent interest eight percent nine percent interest some of the real state developers are actually even borrowing money at twenty percent s

much weaker position even on the basic metrics western governments now on average have debt to g.d.p. ratiosof about soon some sixty five percent according to the bank for international settlements it's not the official numbers it's all the other stuff they had in liabilities that i know you talk about a great deal compared to two hundred fifty percent pretty lame and plus we've got the situation where sovereign debt markets particularly of the u.s. and the u.k. increasingly the euro zone two are basically rates popped up by prince of money that of course is a little zealots that make instability in the u.s. g.d.p. is falling sharply sure in the first quarter there are signs it will recover a bit in the second quarter we don't know the figures yet but was interesting to me max and i'm sure you as well is when the really bad g.d.p. numbers came out in the first quarter the markets loved it because bad news is good news that meant the fed was more likely to take its foot off the off the off the gas in terms of tapering if you like. for any doll funny money dollars even. more so bad news is goo

by 2039, under an alternative fiscal scenario, the debt-to-g.d.p. ratio could rise to more than 180% of g.d.p. by comparison, greece's current debt-to-g.d.p. ratio is 135%. our economy could go the way of greece's in just a few short years if nothing is done. we have to take up significant budget reform and reduce the size of government. look for ways that we can make government wo work more efficiently, more effectively, reform programs that need to be reformed, chipping away around the edges isn't going to get the job done. it's not going to cut it, madam president. even before the president came into office, our national debt presented a serious and pressing problem. but over the past five and a half years of the current administration, the problems get exponentially worse. if you look at our total debt, total debt which includes the public debt and intergovernmental debt, when president obama kaim came into office, our national debt was $10.6 transform that's the total debt. today just five and a half years later, our national total debt stands at $17

that's the debt to g.d.p. ratio that we have. that's very alarming. >> congressman, thank you, sir. >> thank you so much, greta. >> and today a stunner. lawmakers packed and ready to head off on vacation and just as soon as they vote on a border bill they were going to get out of town. then chaos. all went off the rails. big change in plans. fox news congressional correspondent mike emanuel on capitol hill with the latest. mike, what happened? a lot of vacation plans ruined tonight. >> that's right, greta it was really a roller coaster day on capitol hill. had you house republican leaders searching for a way to get to 218 votes to pass their 659 border security bill. nancy pelosi turned up the pressure saying her side was not going to help the republicans get to that number. so it looked like it was off, that they were not going to have a vote. lawmakers started heading for the airports and then they started calling the folks saying come back, there may be votes still possible. now they are looking at, perhaps, tweaking the bill

the not in not is recession when you came out of that in america the private debt ratio is about ninety percent of g.d.p. and it doubled until this crisis it then it fell by twenty percent to having another revival from a dead level of seventy percent of g.d.p. higher than the previous boom began in and of course it's only going to take a tiny increase in interest rates or. a couple of companies going bankrupt carrying the debt levels they are because they can't minister all over their debts so the system is much more on this recovery than it was in any previous recovery and that includes. right back into before back in the days of the with the great depression the economy has never been so fragile because the level of profit has never been this high one of the biggest issues let's just take the last one you mentioned for pensions is that in order to hit their investment targets and hitting their best and targets it is required their assets and liabilities stay in line which is not had not been the case for state and in this bill pensions in order to do that they've had to expand out the risk portfolio.

the not in not is recession when you came out of that in america the private debt ratio is about ninety percent of g.d.p. and it doubled until this process and then it fell by twenty percent to having another revival from a dead level of seventy percent of g.d.p. higher than the previous boom began in and of course it's only going to take a tiny increase in interest rates or. a couple of companies going bankrupt carrying the debt levels they are because they can't manage to roll over that so the system is much more on this recovery than it was in any previous recovery and that includes. right back into before the going back on the days of the with the great depression the economy has never been so fragile because the level of profit has never been this high one of the biggest issues let's just take the last one you mentioned for pensions is that in order to hit their investment targets and hitting their best in targets is required so that their assets and liabilities stay in line which is not had not been the case for state municipal pensions in order to do that they've had to expand out the risk portfo

the not in not is recession when you came out of that in america the private debt ratio is about ninety percent of g.d.p. and it doubled until this process and then it fell by twenty percent so having another revival from a debt level of seventy percent of g.d.p. than the previous boom began in and of course it's only going to take that saw any increase in interest rates or a couple of companies going bankrupt carrying the debt levels they are because they conned miniature all over their debts so the system is much more french all in this recovery than it was in any previous recovery and that includes right back into before you get back in the days of the with the great depression the economy has never been so fragile because the level of profit has never been this high. now what about fiscal policy here it we've come to think of deficit this in dodginess meaning they automatically go up in about economy go down in a good one so what role does the fiscal policy play given this i know that you just mentioned it but i'd like to hear a little bit more. yeah well that's that's the passive role of fiscal pol

risen across the developed world the average combined public and private debt ratio is two hundred seventy five percent of g.d.p. compared with two hundred fifty percent and twenty seven and no less than two fifths of new sendek aided loans are now sold. dodgy sub prime borrowers the b s i asked ads above the pre lehman high so not only is it dull money and dumb policy caused by q.e. and zirp an urban zero percent interest say it's negative interest rates this is the moral hazard that causes the entire economy to be dumb that we are so dumb that within five six years we're back at a worse condition than we were prior to the last financial crisis well imagine an obese man climbing an ice wall and this obese man is climbing up this ice wall and he's using his pee tons of his robes and his cranes those derek and he's climbing up that wall and after a few days of climbing the ice wall the fact that he's obese and the fact that gravity is beginning to play on his obesity kicks in and that obese man tumbles in to the valley and suffers catastrophic damage to his body to his bones that was the two thousand and eight c

risen across the developed world the average combined public and private debt ratio is two hundred seventy five percent of g.d.p. compared with two hundred fifty percent and twenty seven and no less than two fifths of new syndicated loans are now sold. dodgy sub prime borrowers to be at i asked ads above the pre lehman high so not only is it dull money and dumb policy caused by q.e. and zirp and nerve and zero percent interest say it's negative interest rates this is the moral hazard that causes the entire economy to be dumb that we are so dumb that within five six years we're back at a worse condition than we were prior to the last financial crisis well imagine an obese man climbing an ice wall and this obese man is climbing up this ice wall and he's using his pee tons of his ropes and his cranes those derek and he's climbing up that wall and after a few days of climbing the ice wall the fact that he's obese and the fact that gravity is beginning to play on his obesity kicks in and that obese man tumbles in to the valley and suffers catastrophic damage to to his body to his bones that was a two thousand and ei