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Detailed text transcripts for TV channel - MSNBC - 20100416:14:52:00

20% for defense, 2% for homeland security, 2% for education, 6% to pay interest on the federal debt. what s left funds all the other functions of government, road building, veterans, national parks, you name it. taxes don t cover it all. in fact, out of each dollar spent by the federal government this year, only $0.61 is paid for by taxes. $0.39 is borrowed. many experts call that figure stunning. the fact that we re borrowing so much is okay in a year coming out of recession but it s incredibly dangerous we don t have a plan to bring the borrowing down. reporter: then this number, 47, the percentage of american households that paid for federal income tax last year. the number has generated much discussion, genuine outrage. who are these mothers making ....

Social Security , Homeland Security , Road Building , National Parks , 30 61 , 30 39 , Income Tax ,