In his Talking Points Memo tonight, Bill O'Reilly sounded off on a story that you won't see in most media because it's "devastating" to the Democratic Party.

"This week, the nonpartisan Congressional Budget Office issued a report that says the rising federal debt in America may doom the economy in the future," O'Reilly said, noting that right now, the U.S. owes about $18 trillion.

He added that President Obama has racked up $7.6 trillion in debt since he's been in the White House.

O'Reilly said that if Congress doesn't balance the budget, taxes and interest rates will go up because people around the world will not lend any more money unless they get paid through the roof.

"The American economy will be strangled and could very well crash and burn in ten years, taking the savings and welfare of all Americans with it," O'Reilly warned.

"In the pursuit of votes, both parties - but especially the Democrats - have irresponsibly spent money, just to pander to the electorate. America, at this point in history, is a great country, but we are getting weaker by the day."

Watch O'Reilly's Talking Points Memo in the video above.

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