they like waging this in the closing moments of the campaign, to scare seniors. so the republican, better to have the argument now, when it s out in the open, plenty of time for people to digest the information t. starts with this. this is a cbo letter, sent on july 24 to the leadership of the house, a study by the cbo and the joint economic committee. i noticed the president and his people denied that they cut medicare. yet, here it is, page number 13 fwe repeal obamacare, repealing these provisions would increase spending for medicare over the next decade by $716 billion. he cut medicare, raided medicare in order to pay for obamacare, medicare has no money to spare. it is going broke. the trustees of the medicare system said in april of this year, by 2024, the hospital portion of medicare is going to be bellyup. it will run through its trust fund and the cash it has and it will not be able to pay the full benefits do due.
we are not down in the weeds. the vice-president said the republicans want to gut medicare, by cutting spending. if you take a look at the republican house budget plan, which is the cheapskate of all budget plans out there, today, we are spending $503 billion on medicare. it calls for a spending of $855 billion on medicare, 10 years from now. that s 3% less than president obama proposes. so if spending 3% less is gutting medicare, i just justin acri don t get it. the president himself refuses to engage on the substance. you may not know this your viewers may not know is a statutory responsibility for the president of the united states to present a plan, if the actuaries say, over the next phene 15 years, medicare is going to go belly up, if it is going to fall out of fiscal balance, the president is obligated within 15 days after we release our annual report and if we say this, he giobligated
within 15 days to present a plan to congress. he said that in april of 2009, april of 2010 and april of 2011 and april of 2012. in no instance did the president of the united states meet his statutory responsibility to present a plan to restore fiscal responsibility to the system. he ignored. it how he can get away with it, i don t understand. when they say this is going belly up, he is obligated to present a plan to congress. congress is not required to vote on it, but he is ogobligated to present a plan. it s a horrible, ugly fight. it s very important to the american people that people be fair and straight and not just scare everybody. but anyway, now to vice-president biden s remark about chains. jay carney is still trying to explain it away. what do you say to republicans who say that the vice-president s comments about putting people back in chains is an example of why he should be replaced on the ticket? well, i say a couple of
attorney/client privilege. so i would ask you is there a way to get ahold of the bill simply because the government loaned the money? yeah, i agree with you. it s attorney/client privilege and they get to hide the bill. n but there is something fundamentally appalling that we, the taxpayers paid the bill. the company went bellyup. i will tell you that $2.4 million, to get the money from the government, for the loan backing in my wildest dream, the reason i m interested, i thought, what can do you for $2.4 million? look, greta. i understand. but we have seen this. whether it was t.a.r.p., the auto company bailouts. any time the government loans moan, gives moan, the idea is that they re only supposed to do wonderful, angelic things with t. but clearly the company involved is going to go function the way it feels it needs to. when the company ends up going out of business, when things don t go well, we scrutinize it.
no, just kidding. he was tired yesterday. we start with this. he was bent on jihad and he is no dummy. that s what the feds are saying after they arrested a man in an alleged plot to dive bomb the pentagon with remote controlled planes like these. the planes would be packed with explosi explosives. the suspect is an american muslim with a physics degree. brian todd with more on how his plot was foiled. federal authorities arrest ad 26-year-old man from ashland, massachusetts. in an affidavit he started his plot last year by buying cell phones, modifying them to act as electrical switches for ieds and giving them to people he believed to be members of al qaeda and hoped they would be used to kill u.s. soldiers overseas according to that document. but the people he was give thing equipment to were actually undercover agents from the fbi. authorities say that he then expanded his plot to use these. model planes. they say that he planned to use them like drones operated by remo