Detailed text transcripts for TV channel - KGO - 20130502:10:42:15
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Let me go back to your point about the unsustainability of the current system and why it must be changed. if you're getting medicare right now you have put in on average $119,000 over your lifetime. over your lifetime to come you will takeout $357,000. it's about three to one. obviously unsustainable. does paul ryan's plan address that lack of sustainability? he yes it does. the government in the future could control the amount that it gives back to seniors for them to go out and buy their own private insurance from competing insurance companies. so there is an element of control in there, plu...
Rate down. it is important because private sector rules the american economy, couple that with information we picked up over the last few months when the government has been cutting jobs too. >> that is why everybody's nervous about friday's big jobs report which will include any cuts in government jobs. you will get the overall number on friday. if you have only got 119,000 private sector jobs last monday and going to cut and take away government jobs, we could, repeat, could end up with less than 100,000 new jobs come friday morning that would be a very bad report. bill: that number is consi...