Detailed text transcripts for TV channel - CNN - 20110420:11:24:00
Loans, the cdc, all of these things, 11 cents on the dollar. that scenario is just nine years away, when today's 10-year-olds will enter college and folks in their 50s to retire, just 11 cents to go. let's talk about using 2010 numbers, what 11 cents would fund today. last year the government took in this much. 11% of that is $238 billion. so think of that. that 11% of that would give the government just $238 billion to work with. that would pay for only a third of the $667 billion in defense spending or the combined totals of wars in iraq, afghanistan, dsh nasa, and wildlife services. in 2040...
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