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Detailed text transcripts for TV channel - FOXNEWS - 20100820:05:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100820:05:25:00

Emergency. let me give you one statistic i think is interesting. by 2018 according to this new report that came out today, federal interest payments on the debt, just paying the interest willéné be a trilliona year and will get higher every year like buzz light-year to infinity and beyond. that's a total net waste. we talked about this many times who owns a lot of that debt? >> greta: china. >> payments from u.s. taxpayers to chinese bond holders. by 2018 the single largest expenditure on the federal budget will be interest payments on the debt more than we spend on our national security, i...

Detailed text transcripts for TV channel - FOXNEWS - 20100820:02:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100820:02:25:00

Emergency. let me give you one statistic i think is interesting. by 2018 according to this new report that came out today, federal interest payments on the debt, just paying the interest willéné be a trilliona year and will get higher every year like buzz light-year to infinity and beyond. that's a total net waste. we talked about this many times who owns a lot of that debt? >> greta: china. >> payments from u.s. taxpayers to chinese bond holders. by 2018 the single largest expenditure on the federal budget will be interest payments on the debt more than we spend on our national security, i...