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
$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
does anyone like this guy? plus the chinese disdent. republicans are on the attack, why this could be a big moment for better or worse for hillary clinton. and the congress that can t do anything. two scholars say blame the republicans, it s ideologically extreme and unmoved by convention of facts, science, and politics and dismissed in political opposition. they re saying it out loud, the republicans are the problem. let me finish tonight with a pathetic assault on romney by jimmy carder. we begin with the foreign policy advisor that quit the campaign. and ron reagan is an msnbc political analyst. thank you both for joining us. david wright, you ve put a lot of thought and a lot of work in your career lately in trying to fight this kind of bigotry. the republicans have a large right. i ve been speaking to the right for years. they exist, there are gay republicans. why are they taking a guy they just named as one of their chief foreign policy spokespeople and saying you can t
u.s. is on the attack. two scholars say blame the republicans. it s a compromise unmoved by facts, evidence and science and dismissed as a legitimacy of the political opposition. wow. they re saying out loud the republicans are the problem. let me finish tonight with this pathetic assault on romney by president jimmy carter. we begin with romney s openly gay foreign adviser quit the campaign because of the pressure from the right. ron reagan is an msnbc political analyst. thank you both for joining us. david wright, you ve put a lot of thought and a lot of work in your career lately in trying to fight this kind of big on totry. the republicans have a large right. i ve been speaking to the right for years. they exist, there are gay republicans. why are they taking a guy they just named as one of their chief foreign policy spokesspoem and sayi saying you can t speak anymore. they decided to demonize gay people, and i remember newt gingrich comparing gays to alcoholics, sayi
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. former treasury secretary larry summers wrote in this week s financial times and in the washington post a country that pursues austerity to the point where its economy is driven into a downward spiral does its creditors no favor. as in if you keep cutting and earning less, you have less money to pay back the interest and the interest doesn t get smaller. we checked in with our outfront strike team made up of ceos, entrepreneurs, innovators, they overwhelmingly say no to more stimulus. john donohoe wrote the bigge