Study. Lets say each one of them were making 20,000 a year more in income, which is quite plausible. We are talking about 400 billion a year in lost wages. Numbers like that made some economic analysts argue that underemployment may be every bit as damaging to the economy as unemployment. And Kellock Irvin is caught in the middle of it all. For now he takes freelance jobs as a photographer and parttime work with moving companies. But that can only support me so long before i need to head home. He might be the next one moving back home. Tom foreman, cnn, washington. That does it for this edition of 306. Thanks for watching. Erin Burnett Outfront starts now. Outfront next, were just eight days away from forced spending cuts that have been called deep and dangerous. So why is all were hearing is blame . And as the world gets ready for a new pope, is the church using a cemetery to hide money from Abuse Victims . And new information about the body found inside a hotel water tower. We have the video that that hotel does not want you to see. Lets go outfront. Good evening, everyone. Im erin burnett. Outfront tonight, hurting the poor because washington has no courage. Again today, all we heard was blame when it comes to the forced spending cuts to take effect in eight days. President obama made some talk radio appearances. Whether or not we can move republicans at this point to do the right thing is what were still trying to gauge. Now, hes called the cuts severe and brutal. House speaker john boehner, guess what, completely agrees with that. Hes called them deep and dangerous, but theyre not doing anything about it. Heres the thing about the cuts. Theyre going to hurt some people that nobody wants to hurt. People already in pain, more than 4 million homebound and disabled seniors may have to go without dinner this year because of cuts to meals on wheels programs in the forced cuts. 70,000 children from lower income families will not be able to enroll in preschools and Day Care Centers because of the forced spending cuts. The owners of about 10,000 homes and Small Businesses destroyed by Hurricane Sandy wont get the money needed for repair and recovery. Now, there are all kinds of things in the forced cuts, some of which you may agree with, but some of which all of us would find offensive. We can cut the amount of money required here, many times over, frankly, from our budget without hurting poor people, though. As doug hoelts eiken points out, the sequester is an 85 billion cut in a 3. 6 trillion annual budget in a 16 trillion economy. Thats a really, really tiny slice of the thanksgiving pie, people. There is no need to cut from the vulnerable when it should be easy to cut the amount of money were talking about from other places. So why is all we hear, the republicans wont do this, the democrats wont do that . Danielle altman is an economics professor at ncu. Daniel, one thing to acknowledge here, finding 85 billion should be no problem. 85 billion is a really small chunk of the change we actually need to find. So even if you cut from the right places, if you cut the right amount, it would hurt people, and i think we have to be honest about that, but the cuts were talking about right now impact a lot of people, but brutal and dangerous for the economy . Well, the thick is this. That its 85 billion until the end of this year, but then we have these cuts maintained, and enlarged in some cases, Going Forward over the next seven years. So weve got almost 1 trillion in cuts. So if the sequester goes forward but over that tenyear period, you have to multiply that times ten too. But expectations of future spending and Economic Activity and consumption. And thats why they could have an effect, and why the markets are probably a little bit worried about them. But, still but brutal, dangerous . I think they will be for some people, as you pointed out. Yes. But not necessarily for the economy as a whole. And i agree wholeheartedly that we should be able to do a better job of this. The fact that politicians havent thought at all about the economic effects of the cuts themselves, especially on vulnerable people, is embarrassing. And thats where john boehner and the president agree. Those cuts on vulnerable people, no ones going to say they want that, and if they do, they dont have a heart. But what i dont understand is why all theyre doing is blaming each other and no ones coming out, again, with a plan. This is why we created the sequester deal in the first place. Because back then, there was no ability to agree on how do you prioritize cuts . So when you look at defense cuts, i believe its an across the board, its like 9. 5 across the Board Program plan activity, with domestic discretionary spending, its a little over 8 . Now, you might be thinking, well, some programs you should be able to zero out completely. Some programs should probably grow a little bit. If you could do that in a coherent way, the problem is they couldnt agree on that. Thats why the on thing they could agree to are were these incredibly crude, acrosstheboard cuts. And thats the root of the problem. You cant get that basic agreement. We got a basic agreement with a cliff deal to say, well delay it to march. But by delay it to march, you now squeeze in all of those cuts into a few months, rather than over the whole 12month budget cycle. Right. Now, daniel, let me ask you this. The American People want action on this. Theyre smarter than the people in washington. 70 say deficit legislation is essential. And that is more than the number of people who say that immigration matters or gun control matters. Even though if you think about the airwaves and what people in washington talk about, you wouldnt think that. Thats what the American People think. Why doesnt washington get it . The people want them to deal with this . Yes, i think that they understand that people want them to deal with it, but its going to be easier for them to say is that these cuts were forced on me and it wasnt my fault and keep the blame passing from side to side than it will be to say, i actually signed is up to cuts on a program in my district, or i forced somebody else to take that. Now its anonymous and no one has to take responsibility for any individual cut. Riehan, why cant the president be that person . Hes in the perfect position. He could come out and say, i want balanced approach, but theres going to be a lot of o pain with a lot of people to deal with this debt problem and ill be the one who has the courage to tell you. Why wont he do it . The president has, in my view, very weak incentives to make a deal with his opposition right now. He believes he actually gains. So when youre looking at the question of prioritization, take, for example, the park service, theyre cutting their plans and activities by this crude across the board amount. If they cut really popular, highly visible things, and he says, well, gosh, thats not my fault, thats someone elses fault, thats potentially a very shrewd move for him. While on the side of congressional republicans, if we just accept whatever deal he forces us to accept, well set a bad precedent in terms of whos going to make those decisions regarding prioritization and our longterm priorities. Its a game of chicken. I get what youre saying, but when he uses the word shrewd, shrewd politics, thats what its all about. Why cant he say, i cant care about being shrewd and i dont care if you like me, im trying to do the right thing for the future of this country. Hes got a power base hes consolidated over the past four years and he owes things to people in washington. And some of them might feel like theyve been hung out to dry if he has real talk on this topic. So a politician is never going to perfectly represent what would be perfectly ben official for the economy. They always have political vested interests. So, what, democracy is going to end up putting us in the gutter, because all we do is make promises to constituents to run for office and then hope someone down the line will have to pay for them and it wont be our country when it crashes . Its a very deep issue i know thats a negative, but that well, look, the fundamental thing about our political system is, you know, you need a really big level of public consensus to get things done and we just dont have a lot of public consensus. Yeah, but what were also missing is a public focused on a long time horizon, you know, longer than our politicians, and saying, well reward you for making sacrifices today if they benefit us in the longterm. We dont do that. We reward them for giving us stuff today. Thats right. Well, maybe the public saying they want this done is the public saying, look, we get its going to be pain, you stupid people down there. We are ready. All right, thanks to both of you. We appreciate it. Outfront next, money meant for sex Abuse Victims being hidden by members of the Catholic Church, some of it in cemeteries. Plus, Lance Armstrong officially the most successful cheater of all time. Youve been wanting to know just exactly how much money he made while doping. We actually found out. And new developments in the murder case of olympian Oscar Pistorius. His dead girlfriends roommate, outfront. I gave birth to my daughter on may 18th, five days later, i had a massive heart attack. Bayer aspirin was the first thing the emts gave me. Now, im on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ bop ] [ bop ] [ bop ] you can do that all you want, i dont like v8 juice. [ male announcer ] how about v8 vfusion. A full serving of vegetables, a full serving of fruit. But what you taste is the fruit. So even you. Couldve had a v8. At tyco integrated security, we consider ourselves business optihow . Rs. By building custom Security Solutions that integrate video, access control, fire and intrusion protection. All backed up with worldclass monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. When your business is optimized like that, theres no stopping you. We are tyco integrated security. And we are sharper. Barrow island has got rare kangaroos. Chevron has been developing energy here for decades. We need to protect their environment. We have a strict quarantine system to protect the integrity of the environment. Forty years on, its still a classa nature reserve. Its our job to look after them. Its my job to look after it. Our second story outfront, Catholic Church shell game. As the church prepares to usher in a new era with a new pope, the sex abuse scandal lingers. There are allegations tonight that the church hid money that was meant for Abuse Victims, hid the money, and some say the most powerful catholic in the entire country is the one denying justice. Ted rowlands is outfront with the investigation. Truth. It is the fundamental ingredient for human life. Reporter during a weekday morning life at holy name of jesus in sheboygan, wisconsin, father jim connell uses part of his sermon to discuss the catholic clergy sex abuse scandal. What actually happened . You know, who knew what . When did they know it . What did they do with the information . Reporter father connell was vice chancellor of the archdiocese of milwaukee until mandatory retirement kicked in last year. Given his rank in the church, he is an unlikely public critic of how his archdiocese has handled the ongoing sex abuse scandal and battled victims over compensation. You know, theres a sense of secrecy at that top level, and i would hope that they would, starting with the holy father. Pope benedict xvi would tell the cardinals and tell the bishops, talk, open up, let it all be known. Reporter connell agrees with victims here in milwaukee who says the archdiocese has taken an especially hard line to keep Abuse Victims secret and to protect its money. Attorney Jeff Anderson represents hundreds of clergy Abuse Victims from around the country. The archdiocese in milwaukee has been particularly deceitful, because theyve been insulated for so long, they felt and believed they could get away with it. Reporter for decades, wisconsins state law prevented most victims of sexual abuse from filing lawsuits, which protected the church. When that changed, critics say the archdiocese prepared for upcoming lawsuits by moving its money. Church financial records show 55 million buried here, in a Cemetery Trust fund. The church says the money was paid by people who bought burial plots, expecting perpetual maintenance at eight archdiocese cemeteries. Marquette University Law professor, ralph says if any money was used to protect it from Abuse Victims, the diocese may have broken the law. Thats whats called a fraudulent conveyance under the law. Reporter Abuse Victims cried foul about the Cemetery Fund and other transfers, including a 74 million parish deposit fund. They point to this line from the minutes ofs a 2003 archdiocese Financial Council meeting about abuse cases that reads, we are working on a plan to shelter the parish deposit fund. In december, a bankruptcy judge stated that the parish Fund Transfers were fishy but legal. Who could explain, new york Cardinal Timothy dolan, now arguably the most powerful catholic in the u. S. He was archbishop of milwaukee when the Cemetery Trust fund was established and when the 74 million parish deposit fund was moved. Archbishop dolan, now Cardinal Dolan, made a conscious decision to secretly and in a quite sinister way, move funds into parishes and transfer funds into other corporations to avoid having to pay the survivors. Reporter ridiculous, says the cardinal. This was his response in february of 2011, when the allegations of sheltering the money first surfaced. To think that there was 130 million in hidden funds, like dolans got some offshore account in the Cayman Islands or something . This is, this is just ludicrous. Reporter Cardinal Dolan declined an interview with cnn and the attorney representing the Cemetery Trust fund says the obligation to maintain the cemeteries never ends. No one knows, for sure, how much is enough. An ultimate win for the victims could open up not only the 55 million in the Cemetery Trust, but future cemetery earnings. A win for the church could provide a blueprint for other diocese going through bankruptcy and could propel dolans reputation in the eyes of the vatican as the guardian of the american church. Meanwhile, the archdiocese is spending millions in legal fees, to protect its money and reputation, which father connell believes needs to stop. Its the love of money. Maybe that translated into greed, that is the root of all evils. And that seems to be what i see playing out in that situation. Whats under the lid. What is being hidden . How embarrassing can it be . Reporter ted rowlands, cnn, milwaukee. So last month, Lance Armstrong, as we all know, admitted to Oprah Winfrey that he used performance enhancing drugs to win his seven Tour De France titles. Since then, everybody has been trying to figure out just how much money it made lance through endorsements. Now we may have an answer. Bloomberg news says they have gotten a number, that armstrong made more than 218 million. That is more money than anybody thought. But you know what, lance isnt the only one who benefited from his cheating, and that brings me to tonights number, 1 billion. Thats the estimated value of the Tour De France. The tour is the worlds biggest annual sporting event. Every year, it brings in 200 million in revenue. Thats right. Owners of the tour earn as much in one year, due in large part to lance, as lance earned in his entire career. And as amazing as it might sound, since 1947, the tour has been owned and operated by one family, the amaris. In addition to the tour, the amari Sport Organization also owns the decar rally and the paris marathon. Now, since you cant sell tickets to races that are run on public roads, most of their money comes from sponsorship and television rights. And if you think a supercharged lance didnt help pick up ratings and sponsors, consider this. In 2006, the first race done after lances retirement, ratings plunged in germany and france and here in the United States, viewership was down, once lance left, 52 . Lance made a whole lot of other people rich too. Still to come, a woman found dead in a hotel water tower. The coroner now has a cause of death and we have the video that that hotel does not want you to see. Thats next. And a bombshell on the Oscar Pistorius case. The lead investigator on the case now facing seven murder charges himself. With the spark cash card from capital one. Boris earns unlimited rewards for his Small Business. Can i get the smith contract, please . Thank you. Thats three new paper shredders. [ boris ] put em on my spark card. [ garth ] boris Small Business earns 2 cash back on every purchase every day. Great businesses deserve unlimited rewards. Read back the chickens testimony, please. Buk, buk, bukka [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. 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