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People and contractors money they shouldn't have received. that's where the real money is these draw attention to the problem but there is real money being wasted in washington. $115 billion in misplaced payments. why don't we start there the sequester is $85 billion. there are big pots of wasted money that we could actually address, meaningful change and spending in washington and not transfer this huge debt burden not only to the next generation but as a depression the economy. it's part of why our economy isn't working well and people aren't getting jobs. >> something consider waiting three...

>> i bet it's also nicer than this studio which is pretty unbelievable. nasa development to mars. instead we are not cutting it we are furloughing border patrol agents. >> you see why people think congress and washington is just in outerspace. wasting a million bucks to come up with a menu on what to eat on the way to mars. really? really? >> we're spending 1.6 million on video games developed by nasa. here is my question though. >> yes, sir. >> wouldn't it make sense for the republicans in the house to come up with a list, push that list. >> yes. >> over to the white house and publicize that ...

The president said he wasn't going to receive any changes in the past. now the president says he wants changes to sequestration. i agree with that, keep the level of cuts, but change again the arbitrary nature of them, which is why i voted on two occasion to change the cuts in sequestration to more bell-reasoned cuts, but unfortunately no help from either the administration or the senate. we hope they will come up with sequestration. i will tell you, it's very interesting. we now know the administration can single handedly -- the first year is $85 billion, roughly. we now know there's $115 bil...

Moody's estimated .6% of g. the p eredux. if you talk about the sequester cuts that everyone wants to avoid, that's about $110 billion in 2013. the payroll tax cut is about $115 billion. that's money that comes out of people's paychecks. money people say has a lot of bang for the buck. it's money that appears when you were going to go out and spend it. it's not something you have to calculate how much in taxes am i going to pay? how much money do i have to spend? it's stuff that does spend out pretty quickly. >> and sometimes maybe it's good to take a step back and appreciate what the payroll ...

The speaker, it really does make me despair and want to tear my hair out. the actual number for the savings from raising the medicare entitlement age over ten years, phasing it in slowly, the congressional budget office says is something like $115 billion over ten years. and that's phased in over time. the second ten years would be way more than that. it's a complicated thing. you need to look at it in a way that shields people who don't make as much money. but people like me, we're going to be working, i hope, till way past 65, don't need to rely on medicare. and the intransients, i have to s...