Detailed text transcripts for TV channel - FOXNEWS - 20121218:14:56:00
Through $3 billion of your tax as day. social security is close second at $2.5 billion daily. military programs come in at 1.8 billion daily. but economists say most concerning is the interest on the debt. right now it is at $854 million a day. and as interest rates rise that number goes up, creating potential snowball effect of creating more to borrow more. >> this is not theoretical. this is not a classroom exercise. you look at europe and see what happens if we continue down this path very much longer that is place we don't want to go. >> reporter: primary driver of all the debt spending, m...
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