With the bad weather, it's a great day to celebrate Pi Day (3/14) by baking a pie or eating food that starts with pi. We have recipes and pi jokes too.
every second i talk all that money keeps on adding on there. meantime inflation, the producer price index for final demand changing this up 9.6%. this is the largest advance since the 12 month data first calculated in november of 2010. you can look at where it s projected to go. it s going up and does that change the equation on capitol hill? let s bring in our panel former education secretary bill bennett. kimberly involve a member of the editorial panel at the wall street journal and correspondent for reuters. look at the ppi chart and up arrow and then you add, obviously, the debt clock that keeps on ticking. republicans, let s be fair, have not focused on the debt and deficit in recent years either. but it seems like nobody is up on capitol hill. no. the spending spree over the last 1 years is where i would put it
it s a rerun. tonight s topic, evil. evil is bad. but how bad? to the pi chart. four ingredients, depravity, self-interest, cruelty, and coconut water. add coconut water, canada becomes france, quebec. in a poll of liberals, 100% said conservatives is evil. among conservatives, 100% said liberals. the point, today it s easier to call each other evil for it eliminates the pain of debate. everyone is now evil. look at hillary clinton. 53% say she s not honest and trustworthy, as new details spill out about the clinton foundation. politico reporting sidney blumenthal gave secretary clinton unsolicited advice on
deal that nobody loves and some people hate, and a last minute breakthrough of the compromise, and the details came out more than 72 hours after the house and the senate leaders and president obama announced they had a deal. so before we jump in, let me show you what was never on the table. that s most of the federal budget. here is our pi chart there. and 56%, give or take goes for mandatory spending such as social security, medicare and medicaid. another 7% is interest on the $14 trillion debt. most everything else is considered discretionary and subject to the lawmakers whims, but most of them won t touch security spending, so that leaves the rest of the pie. transportation, commerce, justice, labor, health and human services bearing the brunt of the largest single year budget cuts ever.
now. well, who am i talking about? republican paul ryan who is the guy who is also today in the spotlight in washington. today, he unveiled the budget slashing and deficit reduction proposal. look at that room. and for starters we want to cut $6.2 trillion in spending in the next ten years from the president s budget. we have reduced the debt as a percent of the economy and we put the nation on the path to actually pay off our national debt. so, buy ryan s accounting he would cut $6 trillion, trillion with a t, and this is what is different. look at the pi chart we have created. you see the word sbitmentes on t entitlement on the right, that is government spending for medicare and medicaid and he is