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Solyndra's bill rises

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    Report: Taxpayers may be on hook for up to $849 million

  • Duration 2:31
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-- the government investing in companies.

Investing and Solyndra this is a company this is a basic research.

I want to invest in research research is great provided funding to universities and think tax great but investing in companies are actually not.

Got a guy that's the wrong way to go.

-- governor Mitt Romney hitting the president for his failed -- green policies including the investment in the solar panel company.

So -- -- and now we're finding out that taxpayers.

-- on the hook for more than double what they originally invested in in the failed company.

Lawrence and -- from the Fox Business Network is here to explain that so how much are we talking -- it's outrageous the cost to taxpayers of failed solar company sellinger could be more much more than that 535.

Million loan guarantee from the government.

Now had to explain this is -- -- went bankrupt last summer the government okayed this unprecedented deal.

To attract more private money so it allowed tax write -- for those private creditors.

Well -- -- -- -- in tax losses brings the real cost to the taxpayer 800.

And 49.

Million dollars wow -- -- 850 million that is a whole lot of money.

A K speaking of being on the -- last night foreign policy was being debated.

And amount of money that each household is indebted to four and debts.

Is skyrocket I mean outrageous outrageous as well foreign interests hold more than five trillion dollars in US government debt your -- -- that 47495.

Dollars.

So that's the total debt divided by each American household.

And other rewind back to 2009 far Rangers held about three -- -- back then so households from the hope for.

27 -- and so huge jump in just thirty years.

And something else's speech to the economy.

People in their thirties now worry more about retirement than baby boomers -- it's it's expected but the group of Americans most concerned about retirement are those in their late thirties nearly half of those aged 35 to forty -- said they had little.

Or no confidence they would have enough money for their golden years.

The results of the pew survey -- a majority a major shift from just three years ago when baby boomers inching closer to their golden years they -- the most worried back and and now big change -- while home values.

The 35 to 44 age group -- the most likely to have bought a home at bubble prices.

And then also seen their average twelve diminished by some 121000 dollars over the past decade as well all right Lawrence cement from the Fox Business -- do you have much for joining us we appreciate it.

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