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Detailed text transcripts for TV channel - CNN - 20110217:01:57:00

Go back to their offices and couldn t do it so everybody who drilled down said you can t do it so what do you conclude? you can conclude that as you said in your opening piece that there s a sucker born every if something is too good to be true it probably is. and that s why i don t give a whole lot of credence to what bernie madoff says in a jailhouse interview. he even said, you know, mr. pick ca mr. pickcard was interviewing him. it was just his team. that is the kind of thing disturbing that indicates maybe the guy isn t completely sane in every way. well, that was my next question. why is he saying this now? what is he what has he got to do? he knows diana enriquez is writing this book about him. this is maybe his last shot at infamy. what better thing notice he s saying his friends and family had no idea of the scheme but ....

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CNN Parker Spitzer February 17, 2011

guards and their state no longer has enough money to pay their benefits. republican governor scott walker says he has to cut them to balance his budget. they may be wrestling with the budget in washington right now but there s a lot they re not talking about. let s put them on the table tonight. let s try to get specific. joining us here are two folks from opposite ends of the ideological spectrum. katrina vanden huevel and nick gillespie. thank you both for joining us. all right, nick, you have created a way of balancing the budget. you call it you read an article called the 19% solution. that s right. in 30 seconds explain it. since 1950 government revenue, the money we get from taxes from all sources has averaged a little bike 18% and 19% of gdp. if you want to balance the budget that s the upper limit of what you can spend without borrowing money. and one so that s the question. we re currently spending 25% of gdp. we got to bring it down to 19% year aft ....

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