Page 2 - 178 Billion News Today

good morning to you. happy monday, november 7th. this is your "a.m. wake-up call." im carol costello joining you live from new york this morning. prime minister george papandreou is meeting with the leader of the main opposition party after agreeing to step down. on the table who will be the next prime minister after both sides agree to form a unity government? the new government is expected to approve a $178 billion bailout package aimed at preventing greece from defaulting on its m...

>> and plus, child sex and a college football coach, a well known one, accused. >> they all but come out to say that this charity was a point for him to get access to kids. >> and it is not just jerry sandusky, two college big wigs have explaining to do. and super nanny is fired up. >> he didnt apologize, he justified what he did. >> jill frost goes off on the judge caught on tape beating his daughter. it is all right here, right now, on cnn. good evening, everybody. im don lemon, ...

scandal hits happy valley. a former penn state football coach facing child sex abuse charges. now two school officials are forced to step down, accused of lying to a grand jury to cover up the alleged crimes. a transfer of power under way at this moment in greece. the embattled prime minister agrees to step down in order to salvage that countrys bailout and prevent its debt crisis from infecting other nations, but are the markets ready to breathe a sigh of relief yet? when does hum...

voting booth? >> we have 30 seconds. >> and plus, child sex and a college football coach, a well known one, accused. >> they all but come out to say that this charity was a point for him to get access to kids. >> and it is not just jerry sandusky, two college big wigs have explaining to do. and super nanny is fired up. >> he didnt apologize, he justified what he did. >> and the judge caught on tape beating his daughter. it is all right here, right now, on cnn. good evening, everybo...

harassment claims from his past. we were the first to bring you this on our show, last night. a fed up, angry herman cain struggling to change the conversation with a room full of reporters. >> i was going to do something that my staff told me not to do and try to respond. what im saying is this, we are getting back on message. end of story. back on message. read all the other accounts. read all the other accounts, where everything has been answered. end of story. we are getting back o...

Prime minister faces the debt crisis. occupy oakland, a tense city council meeting reveals a deep divide over the citys response to the protest. healthy inspiration. the white house chefsry veal how the first lady encouraged them to shed some pounds. are they worth it? forbes releases the list of what it calls the most overpaid actors out there. greeces parliament is expected to take the no confidence vote around 6:00 p.m. eastern time. a crowd is milling in athens in anticipation of the vote at...

And republicans on board. barney frank and rand paul, great ten-year plan, bipartisan, to cut the defense budget by $10 trillion and keep this country secure. >> tim, let me turn it back to you. katrinas point is well taken. republicans as well as democrats, left, center, right, everybody looks at the defense budget. secretary gates looked at it and said $178 billion that he saw that could be cut over a couple years. why hasnt that been part of these continuing resolutions as proposed by the rep...

Areas. there are three things a lot of deficit hawks think you have to do to bring the budget into balance. do something dramatic on the spending side, take on spending and take on social security at some point. all three of those things youve left out of this. >> thats not true. >> to the xents im wrong about that, explain the ways in which youve tackled those three areas. >> we take $78 billion out of pentagon spending and apply it to deficit reduction. we agree with bob gates. hes taken $178 ...

Through the roof. the idea that if you really want to shrink the size of government, you exclude the department of defense. the secretary of defense says he can do $178 billion of cuts in mr. ryans program, he says no, only 78 is enough. this is hundreds of billions of dollars in spending that are there. and further to say youre going to shrink the size of government, hes also giving another giant tax cuts to millionaires and billionaires by eliminating the top tax bracket. this is a phony shell...

-- bomb. then you have the state and local government budget bombs. this one i love! deficit of $110 billion in 2010. $178 billion in 2011. on top of the more than $450 billion in underfunded state and municipal employee pension funds. gee, firefighters. who is going to pay for this? who is going to pay for it? the underfunded corporate pension bonds. $405 billion deficit in underfunded pension. consumer debt bond. our tvs. americans are still living beyond their means, even with a downturn. wer...