VIDEO: Falling CNBC set hits ex-Romney adviser during LIVE interview

Posted at 2:34 PM, Dec 12, 2012
and last updated 2012-12-12 14:38:33-05

(WTVR) -- A former campaign adviser for Mitt Romney was hit by part of a falling set during an interview on CNBC's "Squawk on the Street" Wednesday morning.

A banner fell over and hit Glenn Hubbard, the former chairman of Council of Economic Advisers under President George W. Bush and an economic adviser for Romney, toward the end of his LIVE  interview about Congress and the looming entitlement crisis.

"We need a budget rule that says look, when we change our liabilities in Social Security and Medicare, we have to ask the Congress to pay for them. They either have to raise taxes or cut some other spending. That forces the Congress to think about the mix between taxes, spending outside of the entitlements and spending on the entitlements. That's just not something our framers thought about," Hubbard is saying as the piece of set briefly interrupts his statement.

He quickly recovers and continues saying, "because we didn't have a welfare state in those days."

CNBC's Melissa Lee asks Hubbard if he is ok, and he doesn't miss a beat. 

"That's what happens when you criticize the welfare state," joked Hubbard.