Detailed text transcripts for TV channel - MSNBC - 20130217:19:11:00
House and senate to make sure is didn't happen. >> here is the relate about -- reality about medicare. if you're an average earning couple you make about $44,000 a year. say you retired in 2010. these are facts i think a lot of people don't know about. you paid in 122,000 in medicare taxes but you're drawing almost 400,000 in benefits received. this is why medicare is going broke and that ratio is only getting worse. yet, the president seems to be saying, well, let's make modest reforms when it comes to entitlement programs like medicare. simpson and bowles say you have to do more than that. b...