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

We continue with dana lash and leslie marshal. you know, cbo came out with numbers last night and said basically were on a path to bankruptcy, 641 billion there$i taxes over a ten-year period of time, and forbes magazine came out and said they're going to spend $7,450 a year more than they're spending now. does any of this have any impact on you, or are you just a rigid idealogue -- >> you know that i own a medical center, you know my husband is a physician. let me tell you why we need this. >> i don't need -- >> i want to speak to jobs first -- the department of labor report shows that there ...

>> neil: i'm ticked about the rates as a total percentage. >> top 1% -- >> neil: they also to to the top 5, 10, 20%. >> look at the bush tax cuts. the top 1% from over a period of ten years got $641 billion whereas the bottom 80% hat 636 billion. so the health is accelerating up weared. that's a problem. i'm not -- >> neil: wouldn't you say that seeking more revenues, whether you're back to jimmy carter levels or not, percentages or levels, whatever you want to wreck it down, is a bit much? >> what are you've spending this for? more money for war, egypt,. >> neil: used be against that egypt th...

To cut the deficit in half when he came to office. he will see it exceed $1 trillion according to the cbo for the fourth straight year. as you take a look at the next graph, this is essentially what elemdorf is talking about. if the current law stays in place, the a terptive fiscal scenario, there you see everything stays the same. they pass everything to stay the same as it is right now. the deficit is roughly $1.1 -- that should be $1.1 trillion, not bill should be $1.1 trillio. the growth, gdp is 1.7. unemployment at 8. the 2012 baseline is really what happens if the sequestration goes in t...