Page 3 - 462 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Own plan after he beats up the other plan, the ryan plan, and it's all smoke and mirrors. it is all -- there are four part, 12-year plan -- can i go through a couple of them? first step, quote, this is quoting the president. the first step in our approach is to keep annual domestic spending low by building -- ready for this -- by building on the savings that both parties agreed to last week. that's that 38 1/2 billion dollars that you fought against, but still, he'll take it. i got to do the math for you guys. this is obama math. there is the 38 1/2 billion dollars. 12 years. $462 billion. how...

Really interesting -- it's 50 million americans. that's 16% of the u.s. population receiving medicaid. that number did spike when the great recession set its teeth in. the combined cost, $462 billion, that accounts for 13% of the federal budget. social security -- this is in 2010, these costs are both 2010 -- $724 billion for social security, 20% of the federal budget. there are tens of millions of americans who receive these entitlements. then when you talk about how much they cost, that's why you see there's so much debate in congress. >> lot of people going to be paying attention to those d...

Of his speech tomorrow night to a joint session of congress. good evening to you, sandra. the president announcing this morning of the national governors association at his intent is to ask congress for an additional $50 billion in funding for the department of defense. that would put the total budget for the dod at 603 million and the rest is the discretionary budget, this is for spreading outside of medicare and social security and medicaid. about $462 billion. it really means that he has to sharpen his knives at the omb advice and pretty dramatic cuts, about 12% across the board. the presid...

Both parties agree to last week. that step alone will save us $750 billion over 12 years. >> well, there is a little bit fuzzy about that math. here is why. $38.5 billion times 12 comes out to only $462 billion. i'm not sure how mr. obama came up with $750 billion. fuzzy math i guess. number two, cut defense. the president applauded $450 billion in defense cuts in the last couple years and said he can make the savings again. do i need to remind you about libya, iraq, afghanistan, al-qaeda, taliban, shoe bombers, underpants bomber, mailbox bombers. cut spending now? are you sure? number three. ...