mike ghosh, the prices we are going to face is tremendous. greece and portugal just went through it. >> spain is coming up. >> what about the baby boom wave coming into social security and medicare, that has to be a tsunami that is we do it. >> that is basically and you can't solve the problem through increased taxes no matter what else you look at today. you have to go back to the gdp and guys like me that our aging into the problem that have all of these issues to be dealt with. >> senator simpson, you were on a commission in the 1990's with entitlements commission and apparently everybody on the commission absolutely understood even then how donner the entitlement situation was and yet nothing came of it. it collapsed. so my question is what did you learn from that experience where it was a failure and it informs you for this one? >> when the economy is like roses, wine and roses and everybody is consuming everything they can and body everything they can that they ate more everything. these are different days and there was a great group an