Detailed text transcripts for TV channel - CNN - 20100322:17:37:00
When you cut out the middle man? you save money. the congressional budget office predicts that this bill will save $61 billion over ten years. $61 billion. now, let's talk about how that $61 billion becomes relevant to you. of the $61 billion in savings over ten years, $36 billion will be redirected into pell grants. $4 billion will go to historically black colleges. and here's the rub, $19 billion of the savings, one-third of the savings, will go toward deficit reduction. and those health care costs. so basically, more pell grants, more money for historically black colleges, but it disproport...
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