In this segment, MSNBC's Chris Matthews asked CNBC's Jim Cramer if Donald Trump was right that the U.S. debt and deficit trajectory is unsustainable. Trump's words were "Greece on Steroids."
Cramer responds that he wouldn't equate the two "at all," assuring us that "everybody in the world wants to invest in our bonds." At least until 2035, "which is very hard to imagine right now. Trump will be right during that period."
JIM CRAMER: Not at all! Greece is a bankrupt country, it needs financial help and humanitarian help. Our country is the strongest country in the world right now and probably the fastest grower. So no, I can't equate the two at all.
CHRIS MATTHEWS: What he's saying, I did the math, our debt now is more than our GDP, what our economy produces in goods and services. We owe more than that each year. My question is, the Greeks went up to 175% of what they produce in services. At what point does the tilt go on the pinball machine? How much debt? Can you tell ahead of time?
CRAMER: Well Medicare, Social security, it is up to you whether the people in Washington will ever be able to cut that back.
It's a 2035 issue, 2040 issue, absolutely. Which is very hard to imagine right now. Trump will be right during that period.
We're very, very strong. And our debt is strong. Everybody in the world wants to invest in our bonds because we are the only safe haven.