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Adopt that says there's a way forward that's very positive. i'll give you an example right now. >> please. >> at the budget conference today. there's a little firm called theranos, great story on its own, founded by a young woman who dropped out of stanford as a sophomore and took her trust fund and launched a company. they've developed microtechnology to analyze blood. they've lowered costs of blood diagnostics by 50%. now, that means for medicare and medicaid, you would take $157 billion out of the next ten years. i'm going to try as an experiment to get somebody to walk into the budget conf...

From the bottom of the ladder in some many things like literacy. it is really awful where america arrived at, given where it was 30 or 40 years ago. >> yeah, and a lot of that is the function of government bureaucracy, employee unions. when you look at something like a company that signed a contract with georgia tech to take a $70,000 residential master's degree in computer science and turn it into a $7,000 on-line degree, that is a 90% reduction. imagine that in student loan costs. you have a program with a brand-new company which thinks they can take $170 billion out of the cost of medicare ...

They took $47 billion and where do they get the money from? from the savings of legalizing the immigrants. that is to say the congressional office budget if you legalize 11 million people, it's $157 billion to the good the first ten years. what did they do? simple math. give me 175, let's spend it right away by putting border patrol. it's a massive government employment program. >> the border patrol agents aren't picking up people anymore. >> it seems crazy. >> i was there. what we're doing in the house of representatives, even the republicans in the house of representatives want the mccall bi...

On tuesday a powerful senate investigation's sub committee meant to demand answers for the ceo of the most valuable company in the world. apple is based in california in 2012 enjoyed sales of $157 billion. that's $47 billion in profit in just one year. and what the senators wanted cook to explain were the findings from this report. and they pay no u.s. taxes even though the businesses are run from the united states. one subsidiary called it aoi, manages to have no legal tax residents at all. so it doesn't pay taxes to any country. despite polling in $30 billion in revenue in the past four year...

Of these more targeted, smaller funding initiatives for transit? >> that's an important question, s.e. and needs looking at what kind of projects to funding and wrong to suggest we don't need to fund fixing the bridges or even the highway systems. the american society of civil engineers said we need to invest $157 billion a year in our infrastructure or lose 3.1 trillion in the economy over the next few years. that's obviously something to pay attention to so i don't want to suggest it's wrong to have big projects but what we don't have in transportation spending that we should have to make go...