Page 2 - 213 Billion News Today

$213 billion in entitlement spending today. big chunk of change. big part of the federal budget. $13 billion a year. they found it increased the debt on gdp ratio by 14 points, which slows down the economy. those who pay no federal income taxes pay many other taxes of course. former president clinton noted he and president of both parties steadily expanded tax breaks for the working poor. >> put in a child tax credit, when president bush passed the tax cuts that is what he did for middle class p...

al qaeda plot to blow up a passenger jet bound for the united states. a u.s. counterterrorism official tells cnn the explosive device is similar to the one used by the would-be underwear bomber. you may recall that on christmas day 2009. just like that bomb, this one did not contain metal, which raises real questions about whether it could have gotten past airport security. as of yet, the person who had developed that bomb had not yet bought a ticket. heres defense secretary, leon pane...

coming in at this moment about how the cia stopped an ambitious al qaeda plot to blow up a passenger jet bound for the united states. a u.s. counterterrorism official tells cnn the explosive device is similar to the one used by the would-be underwear bomber. you may recall that on christmas day 2009. just like that bomb, this one did not contain metal, which raises real questions about whether it could have gotten past airport security. as of yet, the person who had developed that bomb...

Seeing increased tensions in that south china sea area, and the reason the u.s. should care about that is that there are an estimated 213 billion barrels of untap ped oil reserves in those -- under those seas, so thats why this is a high stakes game and thats why the u.s. navy, as weve reported in recent days, is starting to project a stronger presence in the south china sea, because of these disputes and because of the importance in terms of oil reserves and china trying to sort of gobble up th...

Numbers here, and looking at them a little bit this morning, you know, has the u.s. postal service lost its relevancy? >> no. the u.s. postal service is still very important for american economy, and american society. this year were going to deliver 170 billion pieces of mail and packages. so we are very relevant. very much a part of american society. and economy. >> you know, but, patrick, those numbers are down. i think you hit a high in 2006, about 210 billion and youre expected to be going d...

Will have lost $238 billion. mail volume dropped off a cliff already. 213 billion pieces in 2006. expected to go down to at least 150 billion by 2020. theres simply not the kind of volume of mail that you would expect to generate the money necessary to keep the post office in business. and so the post office is suggesting that they cut saturday mail delivery. they close some inefficient and smaller post offices only in areas where you have already got many post offices. they have the flexibility...

Change, in order for them to survive, they have to change radical radically. that old adage about letter carriers staying on the job through snow, rain, heat or gloom of night doesnt make any mention of e-mail or weathering a 21st century great recession. today the postal service is in trouble, big trouble. in just four years, mail volume has dropped off a cliff. from 213 billion pieces delivered in 2006 to fewer than 170 billion projected for 2010. most lost to the internet. and the financial l...

>> shepard: major garrett at the white house tonight. good of you. sports one of the most profitable industries depending on the sport really. pro-soccer team looking to fill hundreds of part-time jobs. the new york red bulls. what did you say? i said the new york red bulls and hosting a job fair right now at the teams brand new arena. i wonder where that is? its billing it as the first true european style soccer facility in all of the country. 25,000 seats. $200 million. and, get this, major le...

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