613 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> david, let me help illustrate what you're talking about. we do have a graphic that we can show of the house defense budget. well it's actually the next one that i wanted to show because the one i want to show i need your help with the math here. this -- let me show you something. the house gop budget on defense is to the left side. the white house defense budget is to the right and these things look strikingly similar to us. for defense, 523 billion the house wants. the house wants 520 billion. the white house wants 51 billion. you end up with the same point 613 billion versus 612 billion. ...

Defense spending. we're going to put $90 billion into the emergency fund so we'll have more spending on military. isn't this the kind of gimmickry that house republicans have fought against for years? >> no not at all. it's actually a flexibility. look war is a very difficult thing to calculate the exact expenses on. we want to provide maximum flexibility. if you actually look at total military spending over ten years, we do almost $400 billion more than the president. this year coming up we're actually just about the same point. we propose about $613 billion in total military spending the pre...

Increase and tax increase by $613 billion. the last thing that happened was the tax increase and the ryan-murray program.fe the president has perfected the art of going behind closed eyes pretending he's going to negotiate when he's not.bu he talked about changes in social security and common sense reform. there's a notion that he'ser gr actually interested in coming together and addressing the bargain or any plan to address o the long term unemployment. he wants to increase spending and fulfill the woodrow wilson s view oonf progressivism. >> i'm going to switch subjectsa a little bit, but ju...

More than 59. was what was the cause of all of this? take a look. >> all of this fallout from what happened last night in new york, as lehman brothers filed for bankruptcy protection just after midnight, with $613 billion in debt on its books, lehman is by far the largest bankruptcy ever in this country, dwarfing world cam back in 2002. >> so lehman's filing for bankruptcy the night before wasn't the begin of our financial meltdown. that was fueled in part by the implosion of the housing market the year before due to the subprime mortgage crisis. but lehman started a domino effect of financial...

System. >> as lehman brothers filed for bankruptcy protection just after midnight. with $613 billion in debt on its books, lehman is by far the largest bankruptcy ever in this country. >> while merrill lynch, the giant brokerage firm, sold itself to bank of america in order to save its own skin. >> as the merrill lynch deal was harm hammered out, word came late that insurance giant aig was also struggling to raise $40 billion to stay afloat. >> good evening and even congratulations. you are now the proud owner of a massive insurance company. >> the federal government steps in to rescue insuran...