6:39:05 to 6:39:26( Edit History Discussion )

Bob Corker: then our debt was primarily tkweufrpb by defense spending which could be quickly curtailed. we weren't looking at the incredible unfunded obligation that is we have today. medicare, medicaid and social security combined is an unfunded obligation of over $100 trillion. so we're in uncharted territory, unprecedented times, and it's

6:39:27 to 6:39:47( Edit History Discussion )

Bob Corker: harming our economy today and of course will devastate our economy in the future if we don't take action. economists tell us that countries with a debt of 90% of their economy -- 90% of g.d.p. -- typically lose one point of economic growth. again this year our gross debt is 100% of our g.d.p.