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Transcripts For CNNW Erin Burnett OutFront 20120503

$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 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

Bush tax cuts8 trillion1 8 trillionStimulus plan3 trillion831 billion31 billion1 3 trillion224 billion24 billion544 billion44 billion279 billion79 billionPaul krugman00 billion

Transcripts For CNNW Anderson Cooper 360 20120503

today florida prosecutors charged 11 alleged participants with what s called felony hazing. they charged two others with misdemeanors. if convicted, the maximum anyone could face for beating someone to death would be six years in prison. again, the question is why not murder or manslaughter charges? one answer, say prosecutors, is that it would be tough getting convictions with the evidence that they have. the testimony obtained to date does not support a charge of murder in that it does not contain the elements of murder. we can prove participation in hazing and a death. we do not have a blow or a shot or a knife thrust that killed mr. champion. it is an aggregation of things which exactly fit the florida statute as written by the legislature. well, that statute was written seven years ago with the best intentions to hold people accountable for hazing deaths. you have to wonder, though, does the very fact that it s on the books allow some people to pay lighter penalties

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Transcripts For CNNW Erin Burnett OutFront 20120502

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 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

Price tagBush tax cutsNumber one8 trillion1 8 trillionStimulus plan3 trillion1 3 trillion831 billion31 billion24 billion44 billion224 billion544 billion79 billion279 billion

Detailed text transcripts for TV channel - MSNBC - 20120507:04:32:30

Detailed text transcripts for TV channel - MSNBC - 20120507:04:32:30
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