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Detailed text transcripts for TV channel - CNN - 20101213:19:04:00

elizabeth, some people think it went too far. the problem is this particular provision where the ruling has said he s going to sever that provision from the rest of the health care reform bill, as gloria suggests, can it exist without this provision? you know what, i don t know how you pay for the entire thing without insuring these healthy people. there s tens of millions of healthy americans that don t have insurance and they are like a cash cow. they re just sitting there. this is a mirror of many other countries, northern european countries for instance that have some degree of universal insurance. the point is everybody has to be insured? right. this is sort of universal insurance. i think what they were trying to do, the obama administration is sensitive about socialized me medicine so they didn t do it quite the same was as europe but said you ve got to have insurance. you can choose it but you have to have it. if you choose not to have it we re going to penalize you wit ....

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Detailed text transcripts for TV channel - CNN - 20101213:18:25:00

Again, when the economy s doing well, you buy those bonds back from whoever owns them. that s it. or you can print money, which the government knows we know that the government is doing right now. by the way, the reason people buy our bonds is because there s interest on them and they think they re going to get paid. so that s how you continue to get more money. maybe you offer more interest on your bonds or people think american bonds are more stable than other countries. that s why we can borrow money. there s plenty more on that on your money, 1:00 p.m. saturdays, sundays at 3:00. let me bring you up to speed on our top stories. president obama s health care reform law is in jeopardy. a federal judge in virginia has ruled that a key provision is unconstitutional. henry hudson says the government has no right to force individuals to buy health insurance. the obama administration is expecting to challenge the ruling and the fight is likely to end up in the supreme court. the h ....

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Detailed text transcripts for TV channel - CNN - 20101213:19:46:00

A federal judge in virginia has ruled that a key provision is unconstitutional. judge henry hudson says government has no right to force individuals to buy health insurance. white house press secretary robert gibbs said minutes ago the administration disagrees with the ruling and stands behind the constitutionality of the law. president obama signed a law that helps pay for more and healthier school lunches and gives washington power to set standards for what s in a school vending machine. in a few minutes the senate will cast a pivotal vote in the tax cut debate. at issue whether to proceed to a final vote on a compromise plan to keep the bush tax rates for everybody for two more years. it s a crazy day at fedex. maybe the craziest in history. we ll show you what s going on live when we come back. ....

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Detailed text transcripts for TV channel - CNN - 20101213:18:53:00

Ruling. the passage here in which the judge says that the unchecked expansion of federal power suggested by the coverage provision would provide unbridled government powers but about the individual s right to choo to participate. doesn t this validate skeptics that despite intentions you can t require people to participate in a law like this? i think a couple of important things for perspective. first and foremost the administration argued on the other side of this case and disagrees with the ruling. i do think it is important to keep some perspective about the fact that there are now 20 or so cases making their way through federal courts. a the court this was the eastern district of virginia. 115 miles away, the western district court of virginia ruled ....

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