Page 29 - 571 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

End of 2014. on spending, the cbo puts the federal budget deficit for 2010 at more than $1.3 trillion. $71 billion below last year's deficit but the second largest in the past 65 years but the c.b.o. caution several impending changes would make the deficit worse. the bush tax cuts are set to expire but president obama and member of both parties want to extend some of them. >> no one believes that the bush tax cuts will in their entirety sunset at the end of this year. >> then there is the plan to stop cuts and fees to doctors who treat medicare patients and an annual effort to keep alternative...

Cut spending. this is what the chief of staff, the chairman of the joint chief of staff said on thursday about his concerns. >> yeah, i think the biggest threat we have to our national security is it our debt. i was shown a figure the other day by the comptroller in the pentagon that said, i think it's in 2012, but the interest-- the interest on our debt is $571 billion in 2012. and that's notionally about the size of the defense department budget. it's not sustainable over time. >> bret: that's what countries, bill, like germany and great britain are saying in the wake of the greek financial ...

Cut spending. this is what the chief of staff, the chairman of the joint chief of staff said on thursday about his concerns. >> yeah, i think the biggest threat we have to our national security is it our debt. i was shown a figure the other day by the comptroller in the pentagon that said, i think it's in 2012, but the interest-- the interest on our debt is $571 billion in 2012. and that's notionally about the size of the defense department budget. it's not sustainable over time. >> bret: that's what countries, bill, like germany and great britain are saying in the wake of the greek financial ...

Right way. we go down the wrong way, we axccelerate to the cliff and there's a no go-back point where we can't turn the bus around and get it back in the right direction. there's a way to get this done better, no doubt. >> dr. hill in his speech says, look, you know this, is a two-fer which is what he says. we're going to insure a lot of people and we're going to reduce the national deficit by over $1 trillion to a lot of people that's music to their ears. but not to you. why? >> i will tell you this. one, i'm sure you read the cbo report like i have. they're clueless about whether that's goin...

Democrats don't seem to be concerned about the legacy we are leaving for our children. a huge huge debt. they are more concerned got future of this presidency. that shouldn't be the issue. what are we doing with our kids and grandkids. sat saddling them with debt -- megyn: they say this will reduce the deficit not add to it. >> there is $71 billion in the dock -- there is $371 billion in the doctor fix. keep in mind the cbo -- they have to couple with the figures based upon the figures the democrats have given them. the cbo i think has done an honest job. in the cadillac plan there is social s...