NAPOLITANO: Let me get my esteemed colleague -- we only have about 30 seconds to reply.(CROSSTALK)NAPOLITANO: Are you saying earmarks are OK --(CROSSTALK)RATHMANN: -- we Tiffany Sets on sale to clearly define what an earmark is. I think we need to take a step back.NAPOLITANO: Does it matter if they're a bridge to nowhere or if they're for jet aircraft?ROTHMANN: If it's economically accretive. If it creates jobs, if it crates -- again, if it is supportive of the economy, if it's going to add points, even if it's a tenth of a percentage point, to GDP growth. And I think that's what you have to look at when you're determining whether of not --
(CROSSTALK)RATHMANN: By the way, the earmarks, as they stand, as they're currently defined, it's a drop in the bucket by way of paying down the debt.NAPOLITANO: All right, I'm going Tiffany Watches on sale have to leave it there, giving Lori Rothmann the last word.Lori, Nancy, Charles, thanks very much for joining us.Coming up, "The Plain Truth" on limitless government spending and borrowing.(COMMERCIAL BREAK)NAPOLITANO: Does the government work for us, or do we work for the government? Are the Discount Elsa Peretti guarantees of no taxation without representation real guarantees, or can the Congress simply buy now and make future generations pay later?
Tonight, your money and your freedom.The president's proposing an annual budget that offers to spend nearly $1.5 trillion dollars more than the IRS will collect from taxpayers in the coming fiscal year. In order to do that, the law must be changed to permit the government to borrow all that money, $1.5 half trillion. At present, there's a legal cap on how Discount Frank Gehry the government can borrow. And that cap will soon be reached. The government is only a few hundred billion dollars away from the cap. But at the rate that it borrows and spends, it will reach the cap and, thus, will have exhausted its legal ability to borrow in just a few months.
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