Page 8 - 620 Billion News Today

All the pressure is on one leg. he wants to reduce taxes on the whole. he wants to increase military spending and cut the deficit. that means everything we do to improve the quality of life at home, build highways, build public transportation, clean up the water, have the fbi out there helping us, it all has to get slashed deeply. >> well, you know, the right wing calls ryan a deficit hawk. but look at his record. he voted for the bush tax cuts adding $1.7 trillion to the deficit. voting to exte...

Money by all accounts say did work. >> now, before i let you go, the right wing calls him a deficit hawk. lets look at the record. deficit hawk, devoted for bush tax cuts, adding $1.7 trillion to the deficit in the bush years. he voted to extend the cuts and adding another $620 billion to the deficit. he voted for t.a.r.p. $224 billion hit. he authorized military force in iraq, $853 billion. medicare, part d, another $180 billion. altogether, more than $5 trillion added to the deficit because of...

>> alisyn: and the presidents point, were all connected in this global sort of economy and when you look at the economies of the leaders there, wait until you see what dire trouble everyone is in. obviously, it adds up to -- here it is, rolling it down. >> clayton: i love the pictures. >> dave: were all bonded in massive debt. russia 126 billion. japan 12 trillion, canada 620 billion. france 2 trillion. the u.s. 15.7 trillion, germany with a 2 trillion dollar debt and u.k. and italy all pretty m...

Lets say it is 2.8 million jobs that they saved or created. they spent 620 billion dollars. that means every job they supposedly saved or created cost 211,000. now, we dont have a precise a what a job in the private sector cost to create some economists suggested between $25,000 and $31,000 a year. think about this, weve now spent $211,000, per job that they claim to have saved or created. yet, you are right, the unemployment rate still stuck at 9.5. the absolute number of people working today c...

Jobs that they saved or created. they spent 620 billion dollars. that means every job they supposedly saved or created cost 211,000. now, we dont have a precise a what a job in the private sector cost to create some economists suggested between $25,000 and $31,000 a year. think about this, weve now spent $211,000, per job that they claim to have saved or created. yet, you are right, the unemployment rate still stuck at 9.5. the absolute number of people working today compare odd to the day it wa...

Projects of the national parks up eight times. so the money is out there. its working. and specifically, in those infrastructure jobs, according to white house and the office of the vice president, youre going to see infrastructure stuff at work. remember last summer we heard people saying, wait a minute, all this money is -- how come were not spending more money quickly? well, it was always meant to be staggered. i wanted to show you how it breaks down. they have spent $620 billion so far, but ...

Broadband access. theres no reason why europe or china should have the fastest trains instead of the united states. >> president obama in columbus, ohio, focusing on the economy. he is there to mark the 10,000th road project to be funded by the recovery act. it is expected to create more than 300 jobs. the obama administration says $620 billion in recovery act money has been spent so far, and officials say that has resulted in 2.5 million jobs saved or created. lets get the details behind the nu...

Doubling federal revenues over the next decade. the first being planned for the end of this year when president obama lets part of the bush tax cuts expire and some liberal groups believe this is the right approach, adding the wealthy should have the responsibility to help solve the countrys fiscal problems. >> gretchen: will the wealthy be called upon to solve the financial woes? >> thats a tough one because for one, the president tends to raise tax rates for singles, making more than $200,000 ...

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