numbers for inflation and based on expectations of inflation but hey these are estimates to begin wessel let's just keep having some fun so at the end of ten years if you saved all of that money this six hundred billion dollars in additional revenue you're really good you saved it you didn't spend it you could pay for one year of defense spending after all that saving one year. at least as far as we can tell from projections that in two thousand and twenty two defense spending will be six hundred eighteen billion dollars that's under obama's budget estimated by the c b o and the office of budget management and after ten years saving all that dough it well oh it's pay what were the federal spending on the net interest on america's debt which is estimated to be seven hundred forty three billion dollars and twenty twenty two again this is according to cvo and o.m.b. based on obama's budget finally this six hundred billion dollars if you save that all could pay less than one sixth of the four trillion dollar deficits this c.b.s. says this deal is also likely to create because it makes most b

gwen: covering the week -- david wessel of "the wall street journal," james kitfield of "national journal," alexis simendinger of real clear politics, and christi parsons of tribune newspapers. >> award winning reporting and analysis covering history as it happens. live from our nation's capitol, this is "washington week" with gwen ifill. corporate funding for washington week is provided by >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe, the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator, gwen ifill. gwen: good evening. this week we got a peek at the obama administration'

lori: thank you so much, david wessel. >> you're welcome.ter too as we do every 15 minutes let's check the markets. nicole petallides on the floor of the new york stock exchange. watching facebook for us. >> we're keeping an eye on facebook on the move. you remember the ipo back in may with $38 ipo. staying below 20 bucks. on the rise, back above $30 a share for the first time in six months. certainly good news there. it is a $30:45. that is gain of nearly 5% today. earlier today here on the fox business network we noted that next week, january 15th, 10:00 a.m. pacific time, they are going to have something big. they said come and see what we're building. so it is pertaining to their headquarters. is it pertaining to phones? what will facebook unveil next week? as a result they're certainly building buzz and giving the stock a boost. back to you. lori: -- headquarters. melissa: nicole, thanks so much. lori: in the market for a $12,000 tv? that is curved? live from the consumer electronics show with the latest offering from lg. melissa: that