Page 45 - John Bolden News Today : Breaking News, Live Updates & Top Stories | Vimarsana

$1.3 trillion at this moment. a distant third, the president's stimulus plan, $831 billion. never thought $831 billion would look cheap. well, here's another powerful number. right now this country is paying $224 billion a year in interest on our debt and that number is mushrooming. it becomes an exponential problem. by 2020 we will be paying $544 billion in interest alone. if you want to see something really scary, let's compare that $544 billion to medicare. by 2020 in the year we're paying $544 billion in interest, medicare will cost a mere $279 billion. we'll be paying almost dou...

medicare will cost a mere $279 billion. we'll be paying almost double that just in interest on our debt. now, you may say that's clearly foul and bad and terrible things, but some people believe that spending more is the best way to get this country growing again, to grow out of our problem. paul krugman said the stimulus plan was not big enough. he wants here $800 billion on top of what we already spent and he is not alone in arguing for more spending, not less. former treasury secretary larry summers wrote in this week's "financial times" and in the "washington post" a country that...

number two, the cost of the wars in iraq and afghanistan. $1.3 trillion at this moment. a distant third, the president's stimulus plan, $831 billion. never thought $831 billion would look cheap. well, here's another powerful number. right now this country is paying $224 billion a year in interest on our debt and that number is mushrooming. it becomes an exponential problem. by 2020 we will be paying $544 billion in interest alone. if you want to see something really scary, let's compare that $544 billion to medicare. by 2020 in the year we're paying $544 billion in interest, medicare...

Its investments by 12% this year. that's a record $41.4 billion. and be sure to check out the fox business network everyday starting at 5:00 a.m. to find it in your area contact your local cable provider and log on to foxbusiness.com. the fox business network, giving you the power to prosper. >> new threats from iran tonight. iran's opec governor is warning that a threatened embargo on the oil would be economic suicide for oil. but would it be? and what about is. former ambassador john bolden joins us. good evening, sir. >> hi. how are you. >> more saber rattling talk from the iran or would it...

Inches could fall in the next two days. other areas of washington state could see as much as two feet. forecasters warn of possible flooding because it's expected to turn to rain on thursday. i'm ainsley earhardt. now back to the show. osper. >> new threats from iran tonight. iran's opec governor is warning that a threatened embargo on the oil would be economic suicide for oil. but would it be? and what about is. former ambassador john bolden joins us. good evening, sir. >> hi. how are you. >> more saber rattling talk from the iran or would it be economic suicide for the europeans? >> that's t...