Page 7 - 186 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The last 30 years, i mean, when this thing was developed under president reagan, the main goal at that time was to stop the russians in their intercontinental ballistic missiles. this test yesterday was to identify and defend against five different threats simultaneously. that's because clearly there is threat increase levels from iran and places like north korea. this test is proof positive the system is getting better, which is good news, shep, considering that over the past 20 years or so, we have put close to $200 million, billion dollars into this program. >> 200 billion? >> $186 billion ...

>> greg: $2 billion out of $186 billion. if it doesn't work, the free market, the great thing about it if you are not worth it, sooner or later you're done. >> dana: how is it different from mf global, jon corzine, the big democratic supporter? used to be the governor of new jersey. now they're under investigation for using -- actually, using customer money to make that. allegedly -- >> eric: allegedly broke the ball. everything i know about the company and jon corzine, mf global has define, they broke the law. >> greg: allegedly means definitely, right? >> eric: on t, yes. one more. quickly, ...

>> greg: $2 billion out of $186 billion. if it doesn't work, the free market, the great thing about it if you are not worth it, sooner or later you're done. >> dana: how is it different from mf global, jon corzine, the big democratic supporter? used to be the governor of new jersey. now they're under investigation for using -- actually, using customer money to make that. allegedly -- >> eric: allegedly broke the ball. everything i know about the company and jon corzine, mf global has define, they broke the law. >> greg: allegedly means definitely, right? >> eric: on t, yes. one more. quickly, ...

Stands at $14.208 trillion or just $186 billion shy of the limit. that means the united states has to keep borrowing money to keep funding itself, to keep going, but hit that debt ceiling. it's always been moving higher here. our debt ceiling hasn't been this high. look at november 1990. way back here it was about $3 trillion. the first debt limit was set in 1917 at $11.5 billion. if you look at the last 20 years, below $5 trillion to almost $15 trillion we are now. that's a big number. we're going to try to break down what a trillion dollars looks like, get our head around what a trillion dol...

Couple of days. that's what investors are worried about. that hit on corporate earnings when you see these sort of shutdowns. that's what happened in the stock market. let's look at a bigger picture. what was the bank of japan doing? this was the central bank. they reacted very quickly. they injected $186 billion of funds into the financial system. the point of that is is to make sure there's ample liquidity in the system so business goes on as much as normal. there's plenty of money for loans. just to smooth things over in this time of great uncertainty about what the actual eventual economic...