Page 289 - Cornerstone News Today

Example, theres $288 billion in treasuries in accounts held there. oil exporting countries, and brazil is a big foreign debt holder. its about a third of all of our $16 trillion in debt. the rest is held basically by u.s. investors. when i say investors i mean social security trust fund, big government holdings, mutual fund companies. so when you look, the social security trust fund is the largest government holder of u.s. treasuries, $2.7 trillion. you want to pay the interest on those, because...

>> the boy or girl, man or woman who gets one of these new bonds for christmas has something that grows in value with the years. >> if you threaten that notion, you pull the cornerstone out from the global financial system. suddenly no one knows which other promises might not be kept. confidence is destroyed, and with no safe asset to depend on, markets will very likely panic. and we could all remember what that looks like. >> on the broadcast tonight, meltdown. the american financial system is ...

Course, the stock market. everybody who is involved in investing on that, they pull back and that kicks it over to the next level of dominoes back here. now businesses start saying we have to lay people off. we certainly cant create jobs in this environment. investors say if businesses are in that much trouble, we cant invest in them right now. that means your savings, your 401(k), everything else you have in the bank, becomes worth a little bit less and if theres anybody out there who will stil...

Standard in the world, its economy, were not going to pay our bills. because our congress cant figure out how to pass a budget. >> the international ramifications of that as you say, the dollar the cornerstone. everyone looks to the u.s. as the worlds largest impact. weve seen it on european stocks today, as well. weve seen the uncertainty doing that, didnt we? thats happened the last day or two. that could be enormously damaging to the world economy. >> and when you talk to the people who are r...

Four or five years ago the president talked about the fundamental transformation of the nation. socialized medicine is the cornerstone of that. couple days ago he said we are a few days from finishing up the job. thats what he meant. here we are because of infighting in our party, particularly shameful, we now have the green light for obama care, i salute both of you that youre doing everything you can at this point, but my big question to you first, congressman, is do you believe the left has e...

Four or five years ago the president talked about the fundamental transformation of the nation. socialized medicine is the cornerstone of that. couple days ago he said we are a few days from finishing up the job. thats what he meant. here we are because of infighting in our party, particularly shameful, we now have the green light for obama care, i salute both of you that youre doing everything you can at this point, but my big question to you first, congressman, is do you believe the left has e...

Political risk in this. there are a fiew things that ar coming up. the registration periods for obama care are supposed to start at the beginning of the month. they believe that now is their chance. if they dont take it now, they may not have an opportunity. >> i believe the president said that will happen regardless. great reporting. thanks so much, carl, keep us posted today. lawmakers may still be duking it out on obama care and as carl just talked about, petty and immature on both side. th...

Great conversation and its an important topic. thank you both. >> thank you, chris. the middle class will be the cornerstone of president obamas speech today, just 15 to 20 minutes from now. he says he will focus on how the middle class benefits from obama care and he will go drilling down into the real costs to consumers so stay with us and watch it live. time to check the news for you this morning. we learned that the wife of civil rights leader laurie has died. she was a leader herself fo...

If the presidents able to successfully defend one of the signature diplomatic achievement -- or do mes you can political achievements of his administration that has ripple effects abroad. likewise if hes unable to defend his -- a cornerstone of his policy, that will obviously have some ripple effects in terms of perception of his remaining power in office. >> right. i just cant imagine that is a good backdrop against which to go sit down with putin and try to duke it out once again. p.j., before...

That is the chief provider of chemical weapons to bashar al assads government, the guy has a pretty full schedule. where does he find the time to write an op ed in the "new york times"? and more importantly, whats his angle? to talk about the motivations of the russian president in syria? were joined now by senior editor for the new york republic. a moscow-based reporter for multiple news outlets and an expert we rely upon a lot. so give us insight into what vladimir putin actually believed in t...