This is bill hoagland of the by paulson part of the center to talk to you about the effect of debt on the federal budget in the next many years. Thank you for giving us your time. Glad to be here. Looking out 30 years, what is the potential when it comes to the debt in the United States . The total amount of debt will continue to grow. A lot of factors involved in that. These are all projections that could be off, but generally because of the demographics of the changes in the way we are an aging population and the fact that we pay a lot in terms of medicare and Social Security benefits will continue to grow. As a consequence, along with just paying the interest on accumulating debt itself means we will be looking at the possibility of the debt to what we call the debt to the level of government growing to what it is today which is at a historic high, around 78 of gdp, well over to 150 over the next 30 or 40 years. There was a report a couple weeks ago that made these projections. 144
Would think about what we are doing with our military . Soldiers want to serve in the military, et cetera. Guest first of all, in terms of our federal spending for national security, which is part of the constitution and thatction of our country, is probably about 15 , 12 to 15 of total spending. The total number of entitlements , in terms of Social Security, medicare, medicaid and paying the interest on public debt that has to be paid, we are talking about 70 . Theres a difference here. You could reduce defense spending. Its not something popular right now. The president has asked for an increase in defense spending as well as there seems to be consensus in the congress there should be an increase in defense spending relative to where we are today. Even though the uncertainties. Im not disagreeing with you or suggesting we shouldnt look for finding where there is waste abuse or whatever, unnecessary spending in defense and nondefense programs, but still, after said that having said th
Gets back to normal. Four people murdered in Santa Clara County ending an hours long standoff in san jose. Im emily turner. And im michelle griego. This happened near the lagos golf course, jackie ward tells us reporter the people live around here were finally allowed back into their homes early this morning as Police Continue to investigate how four people were killed last night. Police say when they arrived to san jose around 8 40 last night, several family members were running away from a home. Police learned two people, a man and a woman, had been shot. They were both taken to the hospital where they later died. Police say two other women and the shooter were still unaccounted for. They used flash bangs. Police entered the home and found two women and the suspect dead from one gunshot wound. Mario libed had just returned home from a hawaiian vacation and was taking his dog out when he heard the gunshots. They said stay off the street. Go inside. Reporter jacob lopez lives across th
No victims, the occupiers also shelled the nikopol district, there are victims and destruction. It was restored in khmelnytskyi power supply to all settlements that were cut off due to an enemy attack, the military administration of the region reported on this. Last night, russian drones damaged an infrastructure facility there. Dangerous flashlights in. In the Kharkiv Region , unknown persons scattered flashlights in which explosives were installed instead of batteries. Detonation will occur when turned on. This was announced by the mayor of pervomaisky, mykola baksheev. He added that the charge is small, but capable of damaging a persons limbs, and called on the locals not to touch such subjects and have conversations with children. Guerrillas in the Moscow Region destroyed a relay box near the Railway Station of the golovkovo station. The members of the atesh Resistance Movement informed, there they noted that with such a diversion in the sonyachnohirsky district, they made it diffi
It is twice the average of gas exporting member countries. The growth of our natural gas in this period was 5 . If the average growth Gas Production among the members of the gas exporting countries was two and a half percent. Today, more than 1,313 thousand tons of hydrocarbon products are listed on the Iranian Energy exchange. The largest volume of supplies to liquefied petroleum gas. More than 11,000 tons of products were sold in the domestic hall of the energy exchange, and more than 12,000 tons of hydrocarbon products were sold in the international hall. The export of goods from the place of temporary entry was exempted from paying export duties. Customs announced based on this years budget law and the opinion of the ministry of affairs. Economic and financial duties are not collected from the export of temporary import goods and is not subject to any export duties. Temporary entry is a customs procedure where the import of Raw Materials for the preparation of goods is already impo