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$208 billion last year. primarily to buy their children houses while they go to school. and this is bought sight unseen. >> it's going really well. >> this is land of opportunity. i nef stopped my dream i kept going at mdream. >> and part of your dream is this man right here. >> you only live once. >> this house has got evening you want and more. it's got this, that's definitely more than i need. but there's only one thing in this house that i want to take with me. follow me. it's an automatic toyota. leave me. oh my god the seat is warm.

Particular. compared to the second quarter spending. government spending fuelly declined in the second quarter and the third quarter according to this report released last week, it's just considerably, 9.6% increase of government spending. >> the gdp, gross domestic product, has been pumped up because the government has been dumping a lot of money into a lot of things, including newer spending on defense? >> yes, pumping money that you and i as taxpayers are contributing to paying to the federal government. so it's unfewinfuriating. a 16 trillion dollar national debt. so, it's our monetary pol...

At the reality of real numbers. back when they first started medicare, they projected out 25 years and said it would cost $12 million in 1990. it cost $110 billion. and you're talking about these studies conducted within medicare. cbo just conducted a study of 34 programs to cut costs -- >> i understand this argument, but -- >> it didn't cut any costs whatsoever. >> this isn't going to help you on the campaign trail. specifically, how did cbo game the numbers for the president's health care plan? >> just projecting these phantom savings in medicare. let's face it. we have not implemented the $...

Years. that sounds great. but in october of this past year, the president and his health care secretary did away with the class act which wiped out about $70 billion worth of the projected $143 billion savin savings. you say they knew going in the class act wasn't going to work and that was a gimmick to sell it. >> the budget chairman called the class act a scheme. they included $1100 million in exchanges that chips away at the deficit reduction. the real doozy in terms of that sleight of hand is the fact that they actually said they were going to reduce medicare by $529 billion. they haven't ...

They take $590 billion out of the medicare program and one thing i have pointed out, if you notice, we have not imposed the $208 billion of supposed medicare cuts to providers that is required under the sustainable growth rate formula and we have not enacted that because congress understands if they do that, access to care is beginning to be hampered. quality of care will go down. and, i am skeptical those $529 billion of cuts would occur in medicare but if they did, understand what that would do to the quality of care to the access of care. because medicaid frequently doesn't even cover the c...