of these leaders who got together. $168 billion in debt from russia. japan $14 trillion in debt. the united states $15 trillion in debt. all of these countries with massive debt on their hands getting together to try to figure out how to fix the world s economic crisis. what was your response when you saw this? well, i was really surprised to see some of the countries, you know, when you look at germany and you look at even russia, but that s not too much. that s like a little petty cash in all fairness, you look at some of them and then you look at the opposite, they don t put china up there but you start looking at china and you see the kind of numbers that that sort of neutralizes everybody. but, you know, this country, forget about the other countries, this country owes $16 trillion. we have to get on the ball. not only, you know, they talk about our children, it s not our children. it s us because we re going to be affected very, very soon. it s going to all blow up unless we
mitt romney is picking up a significant endorsement in south carolina today. one that could help boost his standing with tea party republicans who continue to question his conservative credentials. romney now has the backing of governor nikki hailey, who herself was propelled into office with tea party support. can she convince those same tea party voters to back mitt romney? joe johns is joining us now. this is a huge day for mitt romney. tell us what we know. mitt romney continued to get a bunch of big endorsements. this goes up on the top shelf. republicans of south carolina have been telling the romney organization to make more of a play for voters in the state and stop acting like there s no way he can win there. the nikki hailey endorsement suggesting the romney camp is responding. the nomination race in the early state of south carolina, the first primary in the south, just got interesting. nikki hailey endorsing mitt romney for president. today is the day i m thro
have is that much of my tax money and yours too is absolutely weationed. the outgoing doctor in charge of medicare donald berwick told the press last week he believes up to 30% of medicare payments are wasted either stolen or unnecessary. 30%. that s about $168 billion down the drain every year. and you can carry that figure over to just about every federal program. look a all the money wasted in the solyndra debacle and we can t even measure the chaos in the welfare system. what american politicians have done is set up complicated programs that are largely unsupervised nobody watching the trillions of dollars spent and the wise guys know it now the feds in new york state want even more of my money. but are they willing to watch how they spend it? no. they are not. it s much easier just to tell working class people and the poor that rich guys like o reilly are going to pay the bill so you don t have to worry about it. well, with more than $15 trillion of debt, every american should be
have is that much of my tax money and yours too is absolutely weationed. the outgoing doctor in charge of medicare donald berwick told the press last week he believes up to 30% of medicare payments are wasted either stolen or unnecessary. 30%. that s about $168 billion down the drain every year. and you can carry that figure over to just about every federal program. look at all the money wasted in the solyndra debacle and we can t even measure the chaos in the welfare system. what american politicians have done is set up complicated programs that are largely unsupervised nobody watching the trillions of dollars spent and the wise guys know it now the feds in new york state want even more of my money. but are they willing to watch how they spend it? no. they are not. it s much easier just to tell working class people and the poor that rich guys like o reilly are going to pay the bill so you don t have to worry about it. well, with more than $15 trillion of debt, every american should be
endangering the lives of civilians who could be caught in the crossphile. jurlists, three being held after five days at the tripoli hotel. cnn s chaunce was one of them. steve jobs will step down. jobs is on his third medical leave of absence. he didn t mention his health problems directly but he said the time has come to resign. portions of the u.s. east coast are likely to be under a hurricane watch in just a few hours. hurricane irene is tearing through the bahamas right now with sustained winds at 160 miles an hour. it could hit the populated, northeast this weekend. those are the top stories. i m zain veer gee. world business today starts now. an ipod, a phone. are you getting it? the innovator steve jobs steps down as ceo of apple. we ll look at the company s future under new leadership. hello. i m andrew stevens in hng kong. and i m nina dos santos in london. you re watching world business today. captions by vitac www.vitac.com let s start with the ma