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Detailed text transcripts for TV channel - CNN - 20110103:19:28:00

Here on this 40 miles are treasures that can never be taken out again. we can only imagine what it took for august shockman to leave his family and home and travel across tacos across the ocean to america and then across the country often through dangerous and hostile territory in a wagon train but came he did, overcoming every single obstacle, yet he wasn t finished. after a few years, he went back to his homeland and found a wife, augusta, and brought her with him. sailing around the horn and up the coast of south america back to california. their granddaughter, my aunt connie carlson is here with us this morning. this march she will be 99. aunt connie, would you stand up, let everybody see you? sure, stand up. can we get a light on here? turn around and see. ....

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Transcripts For CNN CNN Newsroom 20110103



the national debt right now is $13.9 trillion. so very soon because the government is spending more than it s taking in, that debt is going to increase and it s going to hit the ceiling. just like if you had a credit card. let me show you how we deal with the debt, why this is a big concern. now, the bottom line is this is the same as in your house, okay? you have a budget. and basically you have income and you have expenses. this is the same for you as it is for the government. income minus expenses is what you re left with. now, either you re left with a surplus or you re left with a deficit. if recent years, all we ve had are deficits in the united states. when you add deficit after deficit every year, you end up with debt. so all of your deficits equal your national debt. now, the bottom line is because we re in a debt, we have no surplus. we have none of this have a money with which to pay for things. so we have to have this credit limit. right now this credit limi ....

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Transcripts For CSPAN2 U 20110103

Transcripts For CSPAN2 U 20110103
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