[From NH Voter's Voice Citizens Forum] The debt is five trillion dollars. 
There are two basic components to it.  One is the great socitey welfare
state, which has cost about five trillion dollars since Lyndon Johnson
launced it.  Second is the Cold War, and the hot wars we fought
since...The Cold War for 50 years, and the hot war and World War Two and
in Korea and in Vietnam and in the Persian Gulf, the defense of Western
civilization.  Now, we're in a new era I believe.  The Soviet Union has
collapsed, the Soviet empire has collapsed, the United States has got to
downsize these Cold War commitments we've had.  And we need to put and end
to both the welfare and warfare state.  We cannot afford them.  Our
country has virtually bankrupted itself.  So I think we've got to work on
both sides.  We've got to downsize foriegn commitments, foriegn aid, World
Bank, all the rest of it, start looking out for American first.  And we've
got to downsize the great society which has failed in a lot of ways and
you've got to go after entitlements as well.  Now let me, you mentioned
Medicare, if I can speak briefly on that.  Republican priorities there, I
think, they should have gone after, they should have gone after foriegn
aid first, they should have gone after the Mexican bailout, 50 billions
dollars first.  They should cut their own pensions first before they do
Medicare.  But there's no question, they have cut the rate of increase of
Medicare, that ought to be done.  But if you get into Medicare, I do not
like the idea of a reform which is going to force the elderly into the
kind of managed care and rationed care that quite frankly we opposed when
Bill Clinton proposed it for all of us.  So, I have a different set of
priorities but you've touched from the problem, you've got to downsize the
welfare and warfare state both.