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
missing customer assets, what specific steps did each of your agencies take to ensure that customer funds were not improperly transferred over the weekend? that seems when there was more than a little mischief done. commissioner sommers, you first. so the first question with regard to what our staff was doing, although the commission and the dsro receives daily segregation reports, those reports only list the amount of money that the fcm owes to customers. what their obligation would be there. our staff was in the process of trying to get supporting documentation from mf global to be able to make sure they actually had that money in the bank. you had that conversation you testified to earlier, either personally or some communication by e-mail, from chairman ginsler. that obviously there was more than a little concern at your office regarding mf global. is that right? well, i think that you didn t think everything was okay at mf global after you read the e-mails of c
today starting at noon eastern on booktv on c-span2, author gary joiner on the union army s failure in louisiana from one damn blunder to beginning to end the red river campaign of 1864 and then a look at the james smith null book and then a walking tour of shreveport and boshier city and on american history tv on c-span3, tomorrow on c-span, a look at the base s role on 9/11 plus a history of the b-52 bomber, has visit the founding father s exhibit from the museum and from the pioneer heritage center, medical and medicine during the civil war. next week on c-span2 and 3. even a person who s a senator, even a person who now is president of the united states faces a predicament when they talk about race. they face all types of predicaments. they face the fact there are a some appreciable numbers of americans who are racially prejudice. they face the fact that a much larger portion of the american populace wants to deny the realities of race even now. sunday, harvard law
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week. he will be replaced by leon panetta. you can watch the retirement ceremony later this week on c- span, c-span.org, and on the c- span video library. it is washington your way. state department legal does notarold kcoe apply to libya. after this two-hour hearing the committee marks of legislation authorizing the libyan mission for a year, but barring ground forces. the hearing will come to order. i apologize for starting a few minutes late. we are here this morning to further examine an issue that we have been debating since it was passed. i think this is a good kid a debate of decades, since the 1970 s. certainly, it has been debated over the course of the last war s with respect to the parts resolution and its role in america s use of force in libya. want to thank all my colleagues for the very constructive manner in which we conducted that discussion over these past weeks. this afternoon, the committee will meet again. i would ask all the members, as you run int