guest: that's a very good wastion, and the debt which so huge in 20092010 has receded a little bit. the deficit has been reduced some, but we're still running up amazing amounts of debt each year. bond like so far the markets and others haven't penalized us for that, but that in my opinion him so i think everyone would be wise to continue focusing on the debt we have an think important development, which is the republicans, paul ryan put seriousbudget that had reforms. everyone said it political whatever, ryan and romney didn't win in 2012. but there's no evidence that it hurt the campaign, the medicare attacks, the attacks on ryan's reform plan didn't seem to work, republicans held the house which is the body that had budget.his republican candidates in 2014 are on board with that budget and i think they're doing fine. i think at least the republican party, i think is getting more serious about debt and deficit. now in practice people have bill,interests, the farm subsidies, they don't want to give them up, so it's easy to it's hard in general, to do it in reality. way to testey, o

guest: that's a very good wastion, and the debt which so huge in 20092010 has receded a little bit. deficit has been reduced some, but we're still running up amazing amounts of debt each year. bond like so far the markets and others haven't penalized us for that, but that in my opinion him so i think everyone would be wise to continue focusing on the debt we have an think important development, which is the republicans, paul ryan put seriousbudget that had reforms. everyone said it political whatever, ryan and romney didn't win in 2012. but there's no evidence that it hurt the campaign, the medicare attacks, the attacks on ryan's reform plan didn't seem to work, republicans held the house which is the body that had budget.his republican candidates in 2014 are on board with that budget and i think they're doing fine. i think at least the republican party, i think is getting more serious about debt and deficit. now in practice people have bill,interests, the farm subsidies, they don't want to give them up, so it's easy to it's hard in general, to do it in reality. way to testey, one t