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Sunday
Nov282010

'Prosperity Will Return' to America, Ted Turner tells ABC News

Photo Courtesy - ABC News(WASHINGTON) -- Ted Turner, the entrepreneur founder of CNN, believes things are looking brighter for the U.S. economy.

“We're correcting things,” Turner said in an exclusive interview with ABC’s This Week with Christiane Amanpour. “We've already paid off $1 trillion of our debt in the last couple of years by not borrowing so much. We're cutting down on our borrowing and people are cutting down on their expenses," he said.

"But, you know," Turner explained, "prosperity will return. It always has and I think it will."

On another hot-button issue, the CNN founder rejected any plans to cut or "means-test" Social Security, which would give smaller payments to the wealthy. "I paid for Social Security. It's my own money I'm getting back," Turner said.

"Social Security, we get taxed for Social Security. That's like stealing our money for the government to cut back on Social Security, in my opinion. I think Social Security -- since you paid for it, it's yours and you're entitled to get it," he said.

Copyright 2010 ABC News Radio







ABC News Radio