slow steady economic growth and our children to be $2,000 per year every year for each earning less simic's simply because of the amount of debt we are carrying right now and we have to pay interest on this that and that begins to crowd out other government spending eventually you spend a lot of money they pay to foreign investors the you cannot invest and what you want to the republican or democrat but we spent that to pay back interest for investors collecting government bonds that seems like a big waste of money. >> host: people say if we just get rid of the waste it is silly thing to think we will fix the budget but if you bring down the interest payments that is the fastest-growing part of the budget if it comes to the thing back to the historic rates of interest it does not do anything. it is simply money that will pay them to lend us money so it is a real waste of money. just like your credit cards but if you pay that interest on the credit card that is just money that you pay to the bank. >> host: if interest rates were to go up one percentage point that would cost $130 billion ever

>> that is exactly right simic the other thing that i point out that i find most fascinating that the electorate was as diverse in 2014 during the midterm election when the results suggest it was not day very diverse suffer because they won so handily but despite that it was as diverse as in 2008 to which people see as the highwater mark and now even midterm elections have that spirit we reported for presidential is but now this is the first time we show them for a black not hispanics was higher than white non-hispanic sandoz elections or special for their own reasons by the engaged electorate with the current congressional the electorate is as well and that is an indication that perhaps regardless of a specific election there could be diverse engagement going forward if that translates but particularly next year one of the reasons non-white voting in from the first african-american president is fascinating to watch 2016 how the of population of the nonwhite voters is. >> one of the headlines to one of the stories to the electorate for since 2018 and that's remarkable. we have the lio