Budget Time : Planet Money

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• $3.9 trillion. And we're going to do it in just 10 minutes.

• So the more money a program got from the federal government, the more time it's going to get from us.

• Social Security, defense, mowing the lawn at the White House, everything.

• at 10 minutes will be worth $6.4 billion.

• Medicare and Medicaid. They've got just over a trillion dollars. That is 29 percent of the federal budget, so they will get 29 percent of our 10 minutes.

• he federal government pays for the health care of 120 million Americans. People over the age of 65, families with low income, people with long-term disabilities - they're all covered by Medicare and Medicaid, Medicaid and Medicare, although I always mix them up.

• I have a better one - silver hair, Medicare; underpaid, Medicaid. If we live long enough, we all get Medicare. But even if you don't consider yourself poor, you might also find yourself on Medicaid.

• So a lot of middle-, upper-class Americans eventually do end up on Medicaid when they need that kind of coverage, and they've kind of whittled away their savings.

• uture of these programs we're talking about, the future of Medicaid.

• Medicaid costs are shared between the federal government and the states; states run the programs.

• we are going to give you more federal money, a larger share of our budget, if you just cover more people.

• if the Republican plan passes, 15 million fewer people covered by Medicaid.

• Transportation - 2 percent of the budge

• Social Security. It accounts for 24 percent of federal spending.

• almost every American over the age of 66, including billionaires. You know, if Warren Buffett wants Social Security, he can get it. I

• Democrats did want to create a version of the program where the money just went to poor people.

• no, a program like that just won't survive politically.

• What we need is something that almost all working people are eligible for.

• I paid into Social Security; I deserve Social Security when I retire.

• My money is paying for retired people right now.