Detailed text transcripts for TV channel - FOXNEWS - 20120704:10:09:00
Direction or move more to independence again. >> and at the same time, while 70% of the federal government's budget is on individual assistance programs, about half the people in america are not paying taxes. so do the math. >> federally. >> yeah, do the math on that. how does that work out? >> if you dive into some of the other numbers. the housing, health, welfare and retirement, they get most of that. in the next 25 years, this is a big one, of course, it is baby boomers with 77 million baby boomers will retire and 49.5% of the population does not pay any federal income taxes as you pointed...