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CBN NewsWatch: June 25, 2013

On CBN Newswatch, June 25: Obama skips Congress with new climate change policies; Snowden's hide and seek frays U.S. foreign ties; High Court voids key part of Voting Rights Act; and more. Read Transcript


George: TONIGHT ON

"NEWSWATCH," PRESIDENT OBAMA

TACKLES CLIMATE CHANGE, HOW

HE PLANS TO DO IT, WITH OR

WITHOUT THE BACKING OF

CONGRESS.

Wendy: PLUS, SYRIANS

COME ACROSS THE BORDER TO

JORDAN.

SEE HOW CHRISTIANS THERE ARE

HELPING.

George: AND AMERICANS

ARE LIVING LONGER AND SAVING

LESS.

WHAT THAT MEANS FOR MILLIONS

OF US WHEN IT COMES TIME TO

RETIRE.

ALL OF THIS AND MORE TONIGHT

ON "NEWSWATCH."

HELLO, EVERYONE, I'M GEORGE

THOMAS.

AND I'M HEATHER CELLS.

THE PRESIDENT PROMISED IT

WAS COMING, UNPRECEDENTED

FEDERAL POLICIES TO ADDRESS

CLIMATE CHANGE, AND TODAY HE

UNVEILED THEM.

George: WHITE HOUSE

CORRESPONDENT JENNIFER

WISHON EXPLAINS WHY SOME

FEAR THE NEW POLICIES ARE

NAILS IN THE COFFIN FOR SOME

JOBS.

Reporter: THERE IS NO

QUESTION EXTREME WEATHER IS

PLAGUING THE U.S.

WHILE THERE IS DISAGREEMENT

AMONG SCIENTISTS ABOUT WHAT

IS CAUSING IT, PRESIDENT

OBAMA SAYS HE HAS NO

PATIENCE FOR THOSE WHO DENY

HUMAN ACTIVITY IS AFFECTING

THE CLIMATE, AND SAYS THE

U.S. HAS A MORAL OBLIGATION

TO ADDRESS IT.

President Obama: AS A

PRESIDENT, AS A FATHER, AND

AS AN AMERICAN, I'M HERE TO

SAY WE NEED TO ACT.

[APPLAUSE]

Reporter: HE IS

DIRECTING HIS ADMINISTRATION

TO LAUNCH THE FIRST EVER

FEDERAL REGULATIONS ON

HEAT-TRAPPING GASSES.

President Obama: TO PUT

AN END TO THE LIMITLESS

DUMPING OF CARBON POLLUTION

FROM OUR POWER PLANTS, AND

COMPLETE NEW POLLUTION

STANDARDS FOR NEW AND

EXISTING POWER PLANTS.

Reporter: MR. OBAMA

SAYS NEW REGULATIONS WILL

CAUSE COMPANIES TO INNOVATE,

CREATING NEW INDUSTRIES AND

JOBS.

BUT SOME REPUBLICANS ACCUSE

THE OBAMA ADMINISTRATION OF

SYSTEMATICALLY TRYING TO

ELIMINATE SOME FOSSEL FUELS,

ESPECIALLY COAL.

AND IN RESPONSE TO THE

PRESIDENT'S PLANS, KENTUCKY

CONGRESSMAN ED WHITFIELD

SAYS, QUOTE,"HE IS

PERSONALLY RESPONSIBLE FOR

THE LOSS OF THOUSANDS OF

JOBS.

HE OBVIOUSLY DOES NOT HAVE

INTEREST IN STATES LIKE

KENTUCKY, TENNESSEE, AND

WYOMING, WHERE THE COAL

INDUSTRY IS SO VITALLY

IMPORTANT, AND WE ARE LOSING

JOBS DRAMATICALLY."

OTHER PARTS OF THE

PRESIDENT'S PLAN INCLUDE

STREAMLINING APPROVAL FOR

CLEAN ENERGY PROJECTS, AND

FORTIFYING THE NATION'S

STRUCTURE TO BETTER WEATHER

POWERFULLY STORMS.

AND WHILE THE PRESIDENT

ACKNOWLEDGES OIL MUST BE

PART OF THE COUNTRY'S

PORTFOLIO, HE OFFERED A GRIM

OUTLOOK FOR THE KEYSTONE

X.L. PIPELINE.

IT IS CURRENTLY UNDER REVIEW

BY THE STATE DEPARTMENT.

President Obama: THAT

AFFECTS THE PIPELINE'S

IMPACT ON OUR CLIMATE, AND

WILL BE ABSOLUTELY CRITICAL

TO DETERMINING IF THIS

PROJECT IS ALLOWED TO GO

FORWARD.

Reporter: NEW

REGULATIONS ANNOUNCED BY THE

PRESIDENT WILL BE

IMPLEMENTED THROUGH HIS

AGENCIES BY PRESIDENTIAL

MEMORANDUM, LEAVING CONGRESS

OUT OF THE LOOP.

JENNIFER WISHON, CBN NEWS,

WASHINGTON.

AND JOINING US NOW WITH

MORE IS NICK LAURUS OF THE

HERITAGE FOUNDATION.

HURT TAGHERITAGE HAS BEEN

RESEARCHING THE IMPACT OF

THE COAL PLANTS.

WHAT HAVE YOU FOUND?

WE FOUND SIGNIFICANT

ECONOMIC LOSSES TO OUR

ECONOMY.

IF WE START TO PHASE OUT

COAL, YOU'RE TALKING ABOUT

OVER 500,000 JOBS LOST.

OVER $1.4 TRILLION LOST IN

THE NEXT DECADE AND A HALF

IN GROSS DOMESTIC PRODUCT.

THE ECONOMIC LOSSES AS A

RESULT OF PHASING OUT

SOMETHING THAT HAS BEEN SO

IMPORTANT TO US AS AN ENERGY

SOURCE ARE DEVASTATING.

AND HOW DO YOU IMPACTING

THAT ENERGY COSTS FOR

AMERICANS?

WELL, WE FOUND THE

ELECTRICITY PRICES WOULD

INCREASE 20% OVERALL.

ONE OF THE MOST DEVASTATING

IMPACTS IS GOING TO BE ON

NATURAL GAS PRICES, WHERE A

LOT OF THAT ENERGY WE'RE

LOSING FROM COAL HAS TO BE

MET BY NATURAL GAS.

SO NATURAL GAS PRICES WE

FOUND INCREASE 42%.

WHEN YOU HAVE ALL OF THESE

MANUFACTURERS SAYING WE'RE

GOING TO HAVE A

MANUFACTURING RENAISSANCE

HERE IN THE U.S., AS A

RESULT OF CHEAP NATURAL GAS

PRICES, THIS INCREASE IN

NATURAL GAS PRICES COULD

TAKE THOSE MANUFACTURING

JOBS AWAY.

IT SOUNDS LIKE A LOT OF

CONSEQUENCES THERE.

THE OBAMA ADMINISTRATION HAS

TAKEN STEPS BEFORE TO

RESTRICT THE COAL INDUSTRY.

WHAT IS DIFFERENT THIS

TIME?

WELL, THIS TIME THEY'RE

TALKING ABOUT CARBON

EMISSION REDUCTIONS FOR NEW

AND EXISTING POWER PLANTS.

AND BECAUSE A LOT OF OUR

COAL GENERATION PROVIDES 40%

OF OUR ELECTRICITY NOW,

IMPLEMENTING REGULATIONS

THAT WOULD AFFECT NOT ONLY

THE NEW PLANTS AND REALLY

AFFECTIVELY PROHIBIT THE

CONSTRUCTION OF NEW

COAL-FIRE-POWERED PLANTS,

BUT ALSO THE EXISTING ONE,

IT TAKES COAL OUT AS AN

OPTION ALMOST COMPLETELY.

HOW DO YOU SEE THIS

IMPACTING THE CLIMATE, IF

THE U.S. DOES CUT BACK ON

ITS CARBON EMISSIONS?

THAT'S AN IMPORTANT

QUESTION BECAUSE A LOT OF

PEOPLE SAY, ISN'T THIS WORTH

IT?

ISN'T IT GOING TO HELP US

SAVE OUR PLANET?

AND THE ANSWER IS NO.

EVEN IF WE REDUCED ALL OF

OUR CARBON DIOXIDE EMISSIONS

TODAY, YOU'RE TALKING ABOUT

POINT 08 DEGREES CELSIUS

CHANGE IN GLOBAL

TEMPERATURES BY THE YEAR

2050.

IT IS A LOT OF ECONOMIC PAIN

FOR VERY MINIMAL, IF ANY,

CLIMATE BENEFITS.

IN JUST ABOUT 30 SECONDS

LEFT, HOW FAR DO YOU THINK

THIS IS GOING TO GO?

THE E.P.A. STILL HAS TO WORK

WITH THE STATES ON THIS, AND

CONGRESS COULD THWART IT

WITH LEGISLATION -- WHAT DO

YOU THINK IS GOING TO

HAPPEN?

IT WILL TAKE SOME TIME,

BUT THE REASON THAT THE

PRESIDENT IS DOING THIS IS

BECAUSE CAP AND TRADE FAILED

IN CONGRESS.

SO HE WANTS TO DO THIS ON

HIS OWN.

SO CONGRESS REALLY SHOULD

INTERVENE AND PREVENT THE

E.P.A. AND OTHER REGULATORY

AGENCIES FROM REGULATING

CARBON MONOXIDE AND OTHER

GREENHOUSE GAS EMISSIONS.

YOU'RE TALKING ABOUT HUGE

COSTS TO AMERICAN FAMILIES

FOR VERY NEGLIGIBLE

REDUCTIONS IN EMISSIONS.

George: THE SUPREME

COURT HAS STRUCK DOWN A KEY

PART OF THE VOTING RIGHTS

ACT.

THEY ARGUED THE LAW IS BASED

ON OLD DATA AND CANNOT BE EN

ENFORCED UNLESS CONGRESS

ESTABLISHES A NEW FORMULA

FOR DETERMINING WHICH STATES

REQUIRE PROVISION.

THE COURT DID KEEP PART OF

THE LAW, USED TO OPENING UP

POLLING PLACES TO MINORITIES

IN THE SOUTH IN THE

1960s.

THE I.R.S. SAYS HE HAS

SCREENED MORE THAN JUST

CONSERVATIVE GROUPS WHO WERE

LOOKING FOR TAX EXEMPT

STATUS.

THEY SAY THEY CHECKED

LIBERAL GROUPS WHO USED

WORDS LIKE "OCCUPY."

ONE SURVEY BY A NEWS SERVICE

FOUND THAT NO LIBERAL GROUPS

HAD COMPLAINED.

THE I.R.S. HAS SAID THAT THE

SCREENINGS STOPPED IN MAY OF

LAST YEAR, BUT NOW IT SAYS

THOSE SCREENINGS LASTED

UNTIL EARLIER THIS MONTH.

George: MOVING

OVERSEAS, THE AMERICAN

FUGITIVE EDWARD SNOWDEN IS

REPORTEDLY STILL IN RUSSIA.

EVEN THOUGH NO ONE HAS SEEN

HIM FOR DAYS, RUSSIA'S

PRESIDENT ANNOUNCED LATE

TODAY HE WAS STILL IN HIS

COUNTRY.

SNOWDEN IS APPARENTLY

HERE, INSIDE MOSCO'S

INTERNATIONAL AIRPORT, WITH

NO RUSSIAN VISA, BUT IN AN

AREA RESERVED FOR PASSENGERS

TRANSITING THROUGH THE

COUNTRY.

VLADIMIR PUTIN SAYS SNOWDEN

IS FREE TO LEAVE AND SHOULD

DO SO AS SOON AS POSSIBLE.

THE UNITED STATES WANTS THE

RUSSIANS TO HAND OVER THE

FORMER AGENT.

WE WOULD HOPE THAT RUSSIA

WOULD NOT SEE ITS INTERESTS

INSIDEING WITH A PERSON WHO

IS ACCUSED OF BREAKING THE

LAW IN ANOTHER NATION, AND

WHO IS A FUGITIVE FROM

JUSTICE ACCORDING TO

INTERNATIONAL STANDARDS OF

LAW.

George: SNOWDEN IS

REPORTEDLY TRYING TO LEAVE

RUSSIA EN ROUTE TO ECUADOR,

WHERE HE HAS REQUESTED

POLITICAL ASYLUM.

I FEEL LIKE EVERY COUNTRY

IS GOING, HOT POTATO, HOT

POTATO.

HE IS NOT OURS.

George: THE U.S.

GOVERNMENT HAS REVOKED HIS

PASSPORT, AND CHARGED HIM

WITH REVEALING DETAILS OF A

SECRET SURVEILLANCE

PROGRAM.

THE FORMER N.S.A. AGENT IS

REPORTEDLY CARRYING LAPTOPS

FULL OF CLASSIFIED

INFORMATION.

WHICH AMERICA FEARS COULD BE

IN THE HANDS OF CHINA AND

RUSSIA.

RUSSIA'S PRESIDENT SAYS

SNOWDEN HAS COMMITTED NO

CRIME AND WILL NOT BE

EXTRADITED.

THESE ARE THE FRUITS OF A

FOREIGN POLICY THAT SAYS IF

YOU JUST TALK AND GET ALONG

WITH PEOPLE, EVERYTHING WILL

WORK OUT.

PUTIN HAS BEEN WAITING FOR A

LONG TIME FOR AN AMERICAN

PRESIDENT HE CAN PUSH

AROUND.

George: CHINA'S TOP

GOVERNMENT NEWSPAPER PRAISED

THE LEAKER

FOR, QUOTE,"CARRYING OFF

WASHINGTON'S SACRAMONIOUS

MASS."

AND AS YOU CAN IMAGINE, THE

OUTRAGE BETWEEN THE UNITED

STATES AND CHINA IS MUTUAL.

JAY CARNEY SAYING CHINA WILL

FACE CONSEQUENCES FOR

LETTING SNOWDEN ESCAPE FROM

THEIR CONTROL IN HONG KONG.

BACK AT HOME, A TEXAS

DEMOCRAT HAS BEEN FILL

FILIBUSTERING A PRO LIFE

BILL.

DEMOCRATS THERE ARE TRYING

TO BLOCK A BILL THAT BANS

ABORTIONS AFTER 20 WEEKS.

IT ALSO REQUIRES ABORTION

DOCTORS TO FOLLOW MODERN

MEDICAL STANDARDS.

THE TEXAS HOUSE PASSED THAT

BILL MONDAY.

OPPONENTS CALL IT A STEP

BACKWARD.

BUT SUPPORTERS ARGUE THAT

SCIENTISTS NOW BELIEVE

BABIES CAN FEEL PAIN AFTER

20 WEEKS.

THEY SAY THE NEW MEASURES

ALSO PROTECT WOMEN'S

HEALTH.

IN THIS PIECE OF

LEGISLATION, IT BRINGS

ABORTION PROVIDERS,

PHYSICIANS AND FACILITIES UP

TO THE STANDARD THAT IS

COMMON PLACE THROUGHOUT THE

REST OF MEDICINE.

IT IS ABOUT WOMEN'S

HEALTH.

THOSE PARTS OF THE BILL

TRULY ARE ABOUT WOMEN'S

HEALTH.

THE 20-WEEK BAN IS TRULY

ABOUT THE PAIN OF A

FIVE-MONTH-OLD BABY GOING

THROUGH AN ABORTION.

TEXAS STATE SENATOR WENDY

DAVIS BEGAN FILIBUSTERING

THE BILL AFTER 11 A.M.

SHE MUST REMAIN STANDING,

NOT LEAN ON HER DESK OR TAKE

ANY BREAKS OR THE FILIBUSTER

ENDS.

George: FLORIDA

ATLANTIC UNIVERSITY HAS

REINSTATED THE INSTRUCTOR

WHO HAD STUDENTS STOMP ON A

PIECE OF PAPER WITH THE NAME

OF JESUS WRITTEN ON IT.

HE SAYS THE EXERCISE WAS

PART OF A LESSON, AND WHEN

WORD GOT OUT, IT PROVOKED,

AS YOU CAN IMAGINE, A STRONG

REACTION.

INCLUDING A REQUEST FROM

FLORIDA GOVERNOR RICK SCOTT

THAT UNIVERSITY OFFICIALS

INVESTIGATE THE SITUATION.

THE INSTRUCTOR SAYS THE

POINT OF THE LESSON WAS TO

SHOW THE POWER OF WORDS, NOT

DENIGRATE CHRISTIANITY.

BUT SOME CONSERVATIVES SAY

THE EXERCISE WOULD NEVER

HAVE BEEN DONE USING A NAME

LIKE MOHAMMED.

HE WILL NOW ONLY TEACH

ONLINE BECAUSE OF SECURITY

CONCERNS.

A COURT VICTORY TODAY FOR

SUPPORTERS OF A MONTANA

STATUE KNOWN AS BIG MOUNTAIN

JESUS.

THE STATUE WAS ERECTED ON

FEDERAL LAND IN THE 1950s

TO HONOR WORLD WAR II

VETERANS.

BUT THE FREEDOM FROM

RELIGION ORGANIZATION SUED

TO GET IT TAKEN DOWN.

BUT THE BECKETT FUND FOR

RELIGIOUS LIBERTY FOUGHT

BACK.

NOW A FEDERAL JUDGE HAS

RULED THE STATUE IS INDEED A

RELIGIOUS SYMBOL, BUT IT

ADDED IT DOES NOT VIOLATE

THE ESTABLISHMENT OF

RELIGION CLAUSE OF THE

CONSTITUTION.

George: FROM POLITICS

TO ENTERTAINMENT.

FORMER G.O.P. PRESIDENTIAL

CANDIDATE RICK SANTORUM IS

NOW C.E.O. OF ECHO LIGHT

STUDIOS.

HE JOINED THE COMPANY'S

BOARD A YEAR AGO.

HE SAYS HE BELIEVES ECHO

LIGHT AT THE OPPORTUNITY TO

TRANSFORM THE CULTURE

THROUGH ENTERTAINMENT.

COMING UP, SYRIAN

REFUGEES TAKE SHELTER IN

JORDAN AND FIND COMPASSION

George: AN ITEM FROM

OVERSEAS, SUICIDE BOMBERS

ATTACK THE PRESIDENTIAL

PALACE IN AFGHANISTAN

TODAY.

THE ATTACK CREATED PROBLEMS

FOR ATTEMPTS TO START PEACE

TALKS TO END THE WAR THERE.

THE PALACE IS ONE OF THE

MOST SECURE PLACES IN

KABUL.

AUTHORITIES SAY THE

ATTACKERS OPENED FIRE ON

SECURITY FORCES AFTER TRYING

TO USE FAKE DOCUMENTS TO GET

THROUGH CHECK-POINTS.

ALL FOUR GUNMEN WERE KILLED

SHORTLY AFTER A CAR BOMB

EXPLODED AFTER IT TRIED TO

ENTER THE SAME AREA.

THE TALIBAN CLAIMED

RESPONSIBILITY FOR THE

ATTACK.

JORDAN HAS BECOME A TOP

HAVEN FOR REFUGEES FLEEING

FROM FIGHTING IN SYRIA.

FOR THE PAST TWO YEARS,

HUNDREDS OF THOUSANDS OF

SYRIANS HAVE LEFT THEIR

COUNTRY, AND MANY ARE

FINDING HELP FROM JORDAN'S

CHRISTIANS.

Reporter: OSAMA IS ONE

OF SYRIA'S 600,000

REFUGEES.

THE SITUATION IN SYRIA IS

VERY BAD.

VERY DANGEROUS.

PRESIDENT ASSAD DESTROYED

EVERYTHING.

HE DESTROYED HOMES.

I LIVED IN A HOME.

IT DESTROYED THE CITY, AND

MOST OF THEM HAVE NO WORK,

NO FOOD, NO WATER, NO

ELECTRICITY.

THEY ARE IN A BAD SITUATION

NOW.

Reporter: ACCORDING TO

THE U.N., THESE REFUGEES ARE

SPREAD ACROSS TURKEY,

LEBANON, AND JORDAN.

NOW SOME OF THOSE REFUGEES

AND THEIR CHILDREN ARE

FINDING RELIEF.

SOME CHURCHES IN JORDAN ARE

TRYING TO REDEEM THE TRAGEDY

IN SYRIA, AND MANY OF THESE

SYRIAN REFUGEES ARE

EXPERIENCING THE LOVE OF

CHRISTIANS FOR THE VERY

FIRST TIME.

THEY SAID YOU CAN LIVE

WITH US LIKE A HUMAN.

Reporter: THIS PASTOR

REACHES OUT TO HUNDREDS OF

THESE REFUGEES.

IT IS DANGEROUS WORK, SO WE

HID HIS IDENTITY FOR

SECURITY REASONS.

TAKE THIS OPPORTUNITY TO

SHOW THE LIGHT INSIDE THE

DARKNESS.

THE PEOPLE GO OUTSIDE SYRIA,

AND THEY ARE HELPLESS.

AND BEFORE THEY DIDN'T HAVE

A CHANCE TO LISTEN ABOUT THE

GOSPEL, ABOUT JESUS.

BUT RIGHT NOW WE HAVE A

CHANCE TO SHOW THEM THE LOVE

AND OUR FAITH THROUGH WHAT

WE DO FOR THEM.

Reporter: THEIR HELP

INCLUDES HOT MEALS, CHURCH

SERVICES FOR THE CHILDREN,

AND CLOTHES FOR FAMILIES WHO

OFTEN HAVE NOTHING BUT WHAT

IS ON THEIR BACKS.

SOME OF THESE CHILDREN WENT

THROUGH CONDITIONS LIKE THIS

TO THIS.

AND THERE ARE OPPORTUNITIES

TO TALK WITH SOMEONE ABOUT

THEIR SITUATION.

MANY OF THESE MUSLIM WOMEN,

SOME NOW WIDOWED, WOULD NOT

HAVE STEPPED INSIDE A CHURCH

IN SYRIA.

IT IS AGAINST THE LAW FOR

SOMEBODY TO TALK TO WOMEN

ABOUT JESUS.

BUT HERE, BECAUSE THEY ARE

IN NEED -- WE DON'T WANT TO

SAY WE'RE USING THEIR NEEDS,

BUT WHILE WE'RE FEEDING THEM

AND TAKING CARE OF THEM,

THERE IS AN OPPORTUNITY TO

SHARE THE LOVE OF GOD, WHICH

IS MORE IMPORTANT THAN THE

FOOD AND THE CLOTHING.

SO WE ARE CARING ABOUT THEIR

SOULS AS WE CARE ABOUT THEIR

BODIES.

Reporter: IT IS A

MINISTRY OSAMA APPRECIATES.

WE NEED IT.

IT IS GOOD FOR US RIGHT NOW

BECAUSE WE DIDN'T HAVE ANY

WORK.

WE NEED ALL THE HELP WE CAN

GET.

IT MAKES A DIFFERENCE FOR US

RIGHT NOW.

Reporter: CHRIS

MITCHELL, CBN NEWS, JORDAN.

George: COMING UP, ARE

YOU SAVING ENOUGH FOR

RETIREMENT?

WHY MOST AMERICANS ARE NOT,

AND WHAT IT MEANS FOR THEIR

AMERICANS, AS A WHOLE,

ARE NOT SAVING ENOUGH FOR

RETIREMENT, AND THAT MEANS

MANY OF THEM WILL HAVE TO

WORK WELL PAST 65.

George: AND THAT ALSO

MEANS, AS YOU CAN IMAGINE,

THEIR GOLDEN YEARS MAY NOT

BE PLEASANT.

CHARLENE ISRAEL HAS THE

STORY IN TONIGHT'S FOCUS

REPORT.

Reporter: AL DUMAR

STARTED MAKING ICE CREAM

CONES AT HIS FAMILY-OWNED

RESTAURANT IN 1946.

AT 91, HIS LOVE FOR THE JOB

KEEPS HIM GOING.

THERE ARE A LOT OF PEOPLE

JUST LIKE ME, TOO, THE

OLD-TIMERS, THAT JUST KEEP

ON WORKING ANYHOW.

WHEN THEY PASS RETIREMENT

AGE, THEY KEEP ON WORKING.

Reporter: FADA RUNS IT

TODAY, AND HE CREDITS HIS

DAD FOR TEACHING HIM TO WORK

HARD, AND NOT DEPEND ON THE

GOVERNMENT.

MY DAD STARTED IN 1922,

BEFORE SOCIAL SECURITY

STARTED.

HE SAID, WHEN I WAS A KID,

PEOPLE WORKED UNTIL THEY

DIE.

AND HE SAID, BASED ON THE

WAY THINGS ARE GOING, YOU

YOUNGER FOLKS ARE GOING TO

BE WORKING UNTIL YOU DIE AS

WELL, OR VERY NEAR THE END.

Reporter: UNLIKE BIG

AL, MORE AND MORE WORKERS

WILL STAY ON THE JOB AND PUT

OFF RETIREMENT, DUE TO BAD

FINANCIAL PLANNING AND NOT

ENOUGH SAVINGS.

ABSOLUTELY.

YOU SEE PEOPLE WORKING

LONGER.

Reporter: WHEN IT COMES

TO RETIREMENT, MOST

AMERICANS WORK UNTIL AGE 65,

SOME EVEN LONGER.

BUT WHEN IT COMES TO SAVING

FOR RETIREMENT, MOST WORKERS

COME UP SHORT.

I DON'T THINK I'LL EVER

RETIRE.

I THINK IT IS A QUESTION

OF MONEY.

SOCIAL SECURITY BENEFITS ARE

UNRELIABLE.

SO WE'RE GOING TO HAVE TO

STAY REALLY HEALTHY AND

REALLY ACTIVE.

Reporter: ACCORDING TO

RESEARCH, MORE THAN HALF OF

AMERICAN HOUSEHOLDS RISK NOT

HAVING SAVED ENOUGH TO

MAINTAIN THEIR STANDARD OF

LIVING IN RETIREMENT.

BIKERS

I HAVEN'T SAVED ENOUGH

FOR RETIREMENT.

I THINK I'M GOING TO WORK AS

LONG AS I CAN.

Reporter: HE IS AMONG

THE 28% OF AMERICANS WHO

HAVE NO CONFIDENCE THEY WILL

HAVE ENOUGH MONEY TO RETIRE

COMFORTABLY.

JACK VANDERHIGH SAYS THAT IS

THE WORST CONFIDENCE LEVEL

IN THE STUDY'S HISTORY.

WE FIND THAT ABOUT 44% --

44% -- OF THE HOUSEHOLDS

WILL RUN SHORT OF MONEY IN

RETIREMENT.

AND IT'S EVEN WORSE IF YOU

LOOK AT THE LOW INCOME

PERCENTILE.

IN THAT CASE, IT IS OWN 60%

WILL RUN SHORT OF MONEY

SOMETIME IN RETIREMENT.

Reporter: HE SAYS MANY

EXPECT TO LIVE OFF SOCIAL

SECURITY BENEFITS AND DEPEND

ON MEDICARE TO COVER

DOCTORS' BILLS.

BUT SOCIAL SECURITY IS ON

TRACK TO RUN OUT BY 2033.

WITHIN TWO DECADES, WE'RE

LOOKING AT A SITUATION WHERE

THE TRUST FUND ITSELF IS

LIKELY TO BE DEPLETED.

THAT DOESN'T MEAN, AS SOME

PEOPLE UNFORTUNATELY THINK,

THAT THAT MEANS NO SOCIAL

SECURITY BENEFITS, BUT IT

DOES MEAN THAT THERE WILL BE

ONLY ENOUGH MONEY AVAILABLE

TO PAY ABOUT 72% TO 75% OF

WHAT WAS PROMISED.

Reporter: WHEN THE

SOCIAL SECURITY TRUST FUND

WAS INTRODUCED IN THE

1930s, LIFE EXPECTANCY

DIDN'T EVEN REACH THE

RETIREMENT AGE OF 65.

LIFE EXPECTANCY IN 1930,

ADDED UP TO ONLY 58 YEARS

FOR MEN, AND 62 FOR WOMEN.

THAT FORMULA BECAME QUICKLY

OUTDATED.

AND OVER THE NEXT 60 YEARS

THE NUMBER OF SENIORS

EXPLODED.

IN THE '30s, ONLY

6.7 MILLION AMERICANS LIVED

TO BE 65 OR OLDER.

BY THE YEAR 2000, THAT

NUMBER GREW TO ALMOST

35 MILLION.

CURRENTLY 58 MILLION

AMERICANS RECEIVE SOCIAL

SECURITY BENEFITS, AND THE

GOVERNMENT'S NOT PREPARED TO

COVER THE COUNTRY'S GROWING

COST OF RETIREMENT.

SO PEOPLE LIKE TAMARA ROWE

ARE PREPARING.

I'M MAXING OUT MY

RETIREMENT ACCOUNTS.

THE THRIFT SAVINGS PLAN.

I ALSO HAVE A ROTH I.R.A..

Reporter: RUTH STARTED

PUTTING AWAY FOR HER GOLDEN

YEARS WHILE IN HER 20s.

I STARTED AT 25.

I GUESS BECAUSE I'VE ALWAYS

HUNG AROUND PEOPLE WHO WERE

OLDER THAN I.

AND SO BACK WHEN I WAS 25, I

READ THE BUSINESS SECTION OF

THE NEWSPAPER, AND YOU WOULD

HEAR PEOPLE WEREN'T SAVING

ENOUGH FOR RETIREMENT.

AND THEN I HEAR NOW IT'S

WORSE.

Reporter: WORSE, BUT

NOT TOO LATE SAYS

VINTERHIGH.

IT IS A CRISIS THAT COULD

BE SOLVED IF PEOPLE WOULD

REALIZE THEIR FUTURE PLIGHT

TODAY AND START DOING

SOMETHING ABOUT IT.

Reporter: FOR THE

DUMARS, THAT SOMETHING HAS

ALWAYS BEEN CLEAR.

ULTIMATELY, MAYBE WE'RE

HEADING BACK TO THE POINT

WHERE WE HAVE TO TRUST

OURSELVES AND RELY ON

OURSELVES, AS OPPOSED TO

SOMEONE ELSE COMING IN TO

SAVE US, AND A LOT OF PEOPLE

ARE REALLY COUNTING TOO MUCH

ON THE GOVERNMENT TO SAVE

THE DAY.

THE GOVERNMENT IS VERY

SHORT-TERM ORIENTED, AND ALL

OF THE POLITICIANS ARE JUST

CONCERNED ABOUT THE NEXT

ELECTION.

THEY'RE NOT CONCERNED ABOUT

HOW THINGS ARE GOING TO BE

FOR OUR KIDS OR

GRANDCHILDREN OR THE FUTURE

OF THE COUNTRY.

Reporter: CHARLENE

ISRAEL, CBN NEWS.

George: WELL, FINALLY

TONIGHT, MILLIONS OF

TWINKIES' FANS CAN BEGIN

CELEBRATING.

GEORGE ALREADY IS.

THE SNACK CAKE IS HEADED

BACK TO STORES.

IT WAS A FEW MONTHS AGO THAT

ADDICTS MOURNED THE LOSS

WHEN HOSTESS WENT BANKRUPT.

IT WAS LIKE I HAD LOST

SOMETHING.

I LOST MY GIRL, YOU KNOW.

I LOVE TWINKIES.

I WAS ACTUALLY PREGNANT,

SO I WAS DEVASTATED.

TWO INVESTMENT FIRMS, NO

DUMMIES, RECEN RECENTLY

BOUGHT THE COMPANY.

THE BULLET-SHAPED PASTRIES

WILL BE BACK IN STORES, AND

$3.99 FOR A BOX OF 10.

THEY WILL PACK ABOUT

1500 CALORIES, BUT THAT IS

NOT STOPPING PEOPLE.

THE KIDS WOULD NOT GET TO

HAVE FRIED TWINKIES AND

SCOOP THE MIDDLE OUT OF THE

HOSTESS DING DONGS.

THAT IS ALL FOR THIS EDITION

OF "NEWSWATCH."

GEORGE, RESTRAIN YOURSELF.

George: I'M GOING TO

MISS MY GIRL.

THAT'S FUNNY.

FOLKS, I HOPE YOU HAVE

ENJOYED OUR SHOW TONIGHT.

FROM ALL OF US HERE AT CBN

NEWS, GOOD NIGHT.

GOOD NIGHT.

EMBED THIS VIDEO

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