848 Billion News Today

The results of a new study. >>clayton: americans have a whopping $848 billion in credit card debt. while it may seem convenient at the time to charge and pay later there are expenses experts say should never be purchased with plastic. pay attention to these. here to break it down is a retail analyst. she is here bright and early this morning. some of these things i am guilty of and i guess most americans are. >> americans are, if youre a household that carries debt, the average is about $15,000....

$848 billion is from ending the wars in iraq and afghanistan which was money we were never going to spend any way and is bore road. and $800 billion from lower debt payments. mr. goolsbee, i have looked at the presidents plan. he has almost no tough spending cuts. doesnt shrink the size of government and does nothing serious about structural reform of entitlements. >> look, i -- the premise of that question is unilateral action and the overriding summary the president has put forward is he put f...

$848 billion is from ending the wars in iraq and afghanistan which was money we were never going to spend any way and is bore road. and $800 billion from lower debt payments. mr. goolsbee, i have looked at the presidents plan. he has almost no tough spending cuts. doesnt shrink the size of government and does nothing serious about structural reform of entitlements. >> look, i -- the premise of that question is unilateral action and the overriding summary the president has put forward is he put f...

>> reporter: you have austin golesbee on for that. >> seems to me, both sides are not credible. the president talks about trillions of doctor dollars in spending cuts, but he takes $848 billion from the wars that we werent going to fight and it was borrowed, so it is not like a sum of money that we are able to keep. he also counts the trillion dollars this they made in the debt agreement in august as part of raising the debt ceiling, thats part of the budget cuts. and romney talks about very big...

Spending. we needed to cut 30% on some 848 billion is from ending the ofso the lower levels. wars in afghanistan. 67% on the higher levels. money we will never spend and thin then -- and then our anyway and is barrowed. and $800 billion is from lower debt payment. property stackses went for nothing but public safety. he has no tough spending cuts. we want to make sure we keep he does nothing serious about structural reform of our city safe. entitlements. i was able to lower taxes as the first ye...

Hes already said hes going to do that. congress approved legislation to begin that. and zp and he said im going cut the growth of college expenses in half in the next four years. you know four years ago said im going to cut the cost of education by $4,000 per student. and in an interesting one he said im going to cut $4 trillion out of the deficit. and... you know what? that just is not true. and you counts that a trillion dollars in spending in deficit reduction congress approved and counting i...

Manufacturing jobs just last month. gregg: karl he claimed that his plan will reduce the deficit by 4 trillion, and independent analysis confirms that. i looked again this morning at the cbo analysis which is nonpartisan, it says his plan will increase the deficit by 6.4 trillion dollars. he is only off then by what, 10 trillion? >> look, it is a phoney number. first of all that 4 trillion includes a trillion dollars worth of savings that were achieved last year. so he is counting last years sav...

Hes already said hes going to do that. congress approved legislation to begin that. and zp and he said im going cut the growth of college expenses in half in the next four years. you know four years ago said im going to cut the cost of education by $4,000 per student. and in an interesting one he said im going to cut $4 trillion out of the deficit. and... you know what? that just is not true. and you counts that a trillion dollars in spending in deficit reduction congress approved and counting i...

>> hey, time for your news by the numbers. first, 9,000, thats how many marines the u.s. is pulling out of okinawa, japan. they will be moved to guam and other areas of the asian pa sifshg region. first, two points. thats how much the unemployment rate is down in alabama and michigan since last march. the state says the declines are because of their immigration reform laws. and 48. thats how many people will be pointing -- will be sharing 172.7 million powerball jackpot -- thats a huge figure. t...

University, whats to stop you from raising your tuition every year? this is just a symptom of the larger problem. and thats rising tuition rates. and that affects everybody. now, student loan debt has actually surpassed credit card debt in this country. a lot of people dont know that. >> since 2000 it was 202.9 billion, 2005, $391 billion. by 2011, $848 billion. now, heres the thing. theres also an increase in the federal loans that students are taking out as opposed to private loans. >> thats r...