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Transcripts For CSPAN2 Capital News Today 20111102



quoted is not the amount of money that has been deducted from the social security trust fund. in the accounting sense what has been deducted from the social security trust fund is the benefits that have been paid and the social security trust fund has been credited for the payroll taxes that have been paid. the perspective on the other numbers you quoted, although war , the spending is not 2 trillion a year is less than 200 billion a year, actually more like about 100 billion a year or maybe even a little bit less than that. host: the 2 trillion figure comes from total cost over the years? guest: i would be ten years worth of assuming that we are not going to draw down the current level of activity as has been anticipated to happen but even at current rates i even looked at that number recently, but the budgetary cost of the war is i believe only about $100 billion the total defense is about 6 billion and malt all of that is devoted to the war that is the standing f ....

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