you can read more of my thoughts in "time" magazine and you can always catch my regular show on sundays at 10:00 p.m. and 1:00 p.m. eastern. international viewers can go to our website for air times, cnn.com/fareed. tonight, the number one issue in america. >> the truth is, it's going to take more time than any of us would like for the housing mark to fully recover from this crisis. >> we have programs to help the poor, but the middle income americans, they're the folks that are really struggling right now. and they need someone that can help get this economy going for them. >> nobody knows the economy and your money like suze orman. tonight, the tough questions. >> by the way, why are you in so much debt? >> the bottom line. >> i've looked at every penny that you've spent and every penny that's invested, so be very careful what you say here, sir. >> and the word her fans fear. >> denied! you are denied! >> suzy, help me decide where to go to college?

>> how much should we be investing in savings every week? >> should we buy a house in this economy? >> i can't wait to hear your advice. and only in america, facebook goes from dorm room to wall street. the $5 billion success story. this is "piers morgan tonight." [ applause ] p >> good evening. this is a special live edition of "piers morgan tonight." i want to welcome our studio audience and my special guest, suze orman, who will be taking your questions on twitter, using the hashtag suze on cnn, and on facebook.com/piersmorgantonight. who better than suze to talk dollars on america's economy and what it will take to turn it around. president obama had his say. >> banks and lenders have to be held accountable for help ending the crisis that they caused in the first place. >> controversial comments from a

republican front-runner, mitt romney, on cnn, saying he's not focused on the poor, but to focus instead on middle class americans. >> i'm in this race because i care about americans. i'm not concerned about the very poor. we have a safety net there. if it needs repaired, i'll fix it. >> i want to get suze orman's take on this. she's the country's number one personal finance guru. welcome. >> thank you, piers. >> let's talk about mitt romney. that was an extraordinary comment for someone who wants to be president of the united states to make, i thought. "i'm not concerned about the poor." whatever came afterwards or whatever context he was trying to put it in, it sounded bad. >> it sounded bad, and i hate to say, it sounded very naive. for so long have i not been saying, the rich are getting richer, the poor are getting poorer and the middle class is disappearing. so he says he's concerned about the middle class. what middle class are we talking about? as we sit here, there are about 50 million people in poverty.

what does that mean? that means a family of four making $22,000 a year or less. there's almost 150 million people that are in poverty, near poverty, are that close to it. so almost one out of two, one out of three people in the united states of america are edging in poverty. and he's saying he doesn't -- he's not concerned! he should have thought it, piers, but he never should have said it, if he even thought it. but it's a ridiculous thought. >> doesn't it sum up mitt romney's big problem, which is this sense that people have about him that he has a disconnect from ordinary americans? and we see it, when he said about the $10,000 bet. you know, we see it about the vast sums of money that he declares in his tax earnings and so on. all of it adds up to a picture of a very wealthy guy, slightly ouch touch with real americans, many of whom, tens, maybe hundreds of millions, like you say, are really suffering right now. >> i don't understand the safe

net that he says is there and if it's broken, he'll fix it, like it's that easy. for him to get the economy back online, the first programs he's going to change are what? are the programs that affect the poor. so very, very silly thing for that man to have said. >> but president obama, laying out, again, criticism of the system that got americans into this mess, pretty strongly. quite interestingly in britain, two things have happened to the banking community in the last week alone. one big banker was denied a million-pound bonus, so $1.5 million, at least. it was removed by public pressure of anger. secondly, another famous banker was knighted by the queen, for services to banking. they stripped him of his knighthood, an almost unprecedented thing, normally reserved for spies. so what you're seeing is a series of big blows to bankers in britain. would you like to see that in america? do you think bankers have gotten away with it, in many ways? >> i think many of the bankers have gotten away with it, but i think that many of the

executives on wall street have gotten away with it as well. which is why the consumer financial protection bureau that president obama put into place. he went over the senate's head and he did this. because they didn't want to provide funding. it is so important that they are in power now, because the banks have to report to them. the banks have to be held responsible. people in high economic positions need to be held responsible. and one of the best ways to do it at this point in time in the united states is with the cfpb. >> at the moment, lots of people are queueing up to say, i suspect for political reasons, things are improving. you know, the jobs are getting slowly better. but they're saying the economy, there are green chutes. it's slowly improving. do you agree with that? do you think that america is now coming out of recession? >> no. i think people constantly get the economy and the stock market confused. when the stock market's going up and everything, people tend to

feel more hopeful, was they're seeing their 401(k) statements go up, their i.r.a. statements go up. but is the economy itself getting better? i don't see it, piers. i don't see jobs coming back. i see millions of people out of jobs that those jobs won't come back, because the computer, productivity, they don't feed them anymore. half of this world is functioning as great without these workers as it was when they had these workers. so why get them back? >> to me, it's very worrying, i think, when your kind of iconic airlines, american airlines, former bankruptcy, having to cut 13,000 jobs. this is serious stuff, isn't it? >> it's serious, but it's been serious. so i think people get to feel hopeful when they're watching tv and they're seeing good earnings and they're seeing these things, but real estate's not coming back. jobs aren't coming back. people don't have more money to do things with. so i think they're going to get a little bit sadder again as this year goes on. >> what is the answer to the

broken problem at the moment of america incorporated, the country as a business? >> well, the country as the business isn't running like a good business. if you were going to give them a grade, you'd have to give them an "f," truthfully. these people will tell you, because they're my fans, that constantly when you say, we saw it, denied! when you can't afford it, you don't buy it. and if you spent so much more money than you were taking in, you'd be financially bankrupt. >> very hard for the average american to understand this message of spend within your means. when you have a country's debt of approaching $14 trillion. that's the wrong message, isn't it? that says, borrow whatever you'd like. it doesn't matter. >> well, it says that they don't have a solution to this problem, except to borrow. it's not like they want to borrow. it's not like they want to keep getting into debt, but they don't know how to fix a system that is seriously broken. the medicare system is broken. social security is broken. so many things are broken, and

they don't know how to fix it. >> do you think, as many do, that america needs to go back to build things rather than consuming? >> i think they do need to go back to building things. however, do i think that's a reality? roads, cars, maybe. but not to the degree when we have this industrial revolution here. and everything was happening here. i think the answer is, people are going to have to become entrepreneurial. they're going to have to become their own bosses. the day of working for a corporation, you get a pension after 30 years and health benefits, gone! so if you really want to be secure, you'll have to be your own boss. >> but it's fine for you, you're a very bright cookie. you started as a waitress and built this incredible empire. but most americans aren't natural entrepreneurs. i don't think that i agree with that. i think america does need to build -- for example, i'm told there's a huge demand in china for big, heavy machinery and

they would buy it from the americans if the americans were producing it in the volume that they needed. but they're not. that old style, industrialization america, isn't happening anymore. >> and i think it's a nice idea, i just don't think that's what's going to happen. i think we've entered a new period with new technology, and things that never have been developed before, that i think we can do here. but i still think we have a big problem with how do you get the people back now to work? we can't wait until all of that happens. they need to go back to work now. and since the jobs aren't here, they have to create a job for themselves. >> donald trump says one of the problems is, you look at somebody like china, who is swallowing up america debt, almost on a daily basis, and indeed in other countries around the world, and china is obviously mass producing very cheaply with very cheap labor a lot of the stuff the world is consuming. is it time to have a form of trade war with china? is it time america got more

insular and took all this -- the classic one is apple. the most successful company in the world right now, but apple employs more people in china than it does in america. that, to me, is wrong. >> that may be wrong, but it is the way. >> why is it the way? >> it's the way because it go so expensive to hire a laborerer here, with the insurance, with the union, with everything, we couldn't afford it. because things kept going and getting more and more expensive. and then you have walmart come in -- >> this is the thing, suze. doesn't america have to work out a way of affording it? shouldn't companies like apple, which is a brilliant company, and i use many of their products, but i fundamentally disagree with an american company have more people employed in china than they do in their own country. they should be looking after their own country, shouldn't they? >> but in a way, they are. if they had to hire people here to produce the ipods, the ipads, whatever they are, we would have to probably charge four to five times the amount of money that

they're being charged to do it now. and people wouldn't buy it. >> or, or suze, let's address the unthinkable. or apple reduces its massive profit, slightly, in the national interest. >> possibly -- >> is that -- >> but that isn't the american way. it's not unthinkable, i just don't think they're going to do it. >> let's take a break. let's come back and get some questions from this already fired up audience. i can feel it. i can sense it amongst them. [ male announcer ] if you believe the mayan calendar,

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whatever you are, i want you to listen to me. student loan debt is actually the most dangerous debt that any of us can have. because in most cases, it is not dischargeable in bankruptcy. >> that's from the suze orman show, america's money class on oprah winfrey's own network. suze, there's someone who has a question on this very issue. that's shelly drury.

>> thanks so much for taking my questions, piers. hi, suze, thank you so much for taking my questions and thank you for everything you do for us. our son, johnny, he's heading to college this september, has had a number of scholarship offers from some high-tier colleges, and has a 100% scholarship offer from a lower tier college. my question is, should he take that 100% scholarship offer and give up the other higher-tier colleges in order to avoid any type of student loan? >> that is a brilliant question, isn't it? because that cuts to the absolute heart of america's educational problem, which is that there's a very bright student being offered a great scholarship at a number of places, but to be in the top tier, to really realize his potential, is going to cost him money that perhaps the family can't afford. pricing him out of the best education that he should be able to get, and which other countries, led by china, india, and others, are now beginning to offer their students.

over to you. >> welcome to america, piers! welcome to america. so, johnny, here's what i would have to ask you. when you graduate college, if you had $20,000, $30,000, $40,000 of student loan debt, how would that make you feel? >> it would make me feel awful. i don't know how i would possibly pay that back. i don't know what kind of job i would need to pay it back as soon as possible. >> then that is the answer to the question. you never do something with money that after you've done it makes you feel horrible, makes you feel afraid. you want to graduate and you want to feel free. if you walk into a job and you have $40,000 of student loan debt on your shoulders, you start to feel the burden of debt. and then you go, i have to get a job, i have to get a job. >> suze, what do you do then m. >> he should go to the college that gives him a 100% scholarship. because i refuse to believe what gets you a great job or makes you a great career is the school you go to. the school does not make you, people.

you make yourself. you make your career. boyfriend, stay out of debt and take the 100% scholarship. >> you see, here's where we're going to start to fall out. because i don't agree with it. see, i don't think you should be in this position. and by the way, we have exactly the same crisis in the british education system. so i have exactly the same scathing criticism of what happens there. bright students should not be priced out of this kind of educational opportunity. it shouldn't be happening. the government of this country should be looking at this specific kind of case and fixing it so these students are not laden with debt. >> piers, the problem goes so much deeper. it's not just college. what is it that kids now today have to go to a private school for grammar school, first grade, second grade. you have so many people in the united states of america spending $30,000 a year to send their kids to high school. >> it's wrong though, isn't it? >> it's wrong. i think no private school should be out there. i think everything should be

public. i think everything should be that way. but we don't honor our teachers, we don't pay them enough, they're the first people we cut, so what do people do? they start spending money to go to private schools. it is ludicrous. it's not the american way. >> but people will get a better education at a private school right now than they would from a non-paying school in america, wouldn't they? >> they would. but you're looking at somebody who grew up on the south side of chicago, went to horseman grammar school, south side high school, every single glass was smashed out, you had to be frisked before you went in, the education was not good, and look at me today. so anything you can want, you can get it. i don't believe your education makes you. >> in your heart suze, and you've got an amazing story, and it's incredibly inspiring, and if i just sold the jewelry on your body right now, you could retire. >> i don't think so. $200 for a watch, $75 for this

ring, and maybe $1,000 total here. okay? got it, people. >> that's a good answer. is that true? yes. it's, what, michael kors. this is like -- >> this little trinke blimey! >> that's the trick. you wear it and make people think it's expensive. i make my jewelry, my jewelry doesn't make me. >> i like this. let's go to a second question from bill loftus. >> suze, i wonder what kind of advice you would give on 30 to 40-year-olds today on the decision between buying a home and renting. you would think given the depressed housing prices, the large inventory of homes that are available and the unprecedented low interest rates, now would be buy, buy,

buy, but a lot of young people in their 20s and early 30s are real nervous about that kind of commitment. what kind of advice would you give them? >> they're nervous about that kind of commitment, because they don't have the 20% down, they don't have the security of knowing that if they get a job, they're going to get to keep their job. and they don't have the security of knowing that a house will appreciate in value. so if they need to sell it, they'll be able to at least get back their closing costs and moving costs and everything like that. so there's good reason for them to be nervous. there's also good reason that they can just wait until they're not nervous anymore. because it's a fallacy to think that these interest rates are going to go higher. they're not going anywhere. a fallacy to think that real estate's going to start to skyrocket. it's not going anywhere for a long time. >> but there's been a breakdown in trust. when i grew up, bricks and mortar was the great mantra of investment. you could never go wrong if you invested in bricks and mortar.

now you can go badly wrong. look at florida where this the primary just happened, which has the worst record of foreclosures in the whole of america. and these people are desperate, that hay all invested in this old american dream, you save enough money, you put your deposit down, you buy a house, a, you have a lovely home, and b, you will make money when you resell it. that's gone, isn't it? >> that's gone for now. however, if they did have 20% to put down, if you could get a real steal of a deal, and if you understood money and had enough of a cushion, you could probably do it. but when you see these kids who don't want to do it, it's because they're not secure in their jobs, they don't have enough money to make a go. if you don't have enough money, you rent until you do. and by the way, there's nothing wrong with renting for the rest of your lives. nothing wrong with it if that's what makes you feel secure. >> but that is not the american dream. >> it is now. it most certainly is now. >> yes, but suze, the american dream has been tarnished in recent years. but isn't it important from work

from a philosophy rather than that america is broken, that america remains a great country. it just has to be brought back up again. isn't that a better way of looking at this? >> no, america is a great country, but its people are broken. and its people right now are broken because they can't feed themselves, they can't get a job, they can't take care of their kids, they can't keep their cars, they can't do anything. so our spirit is broken. >> but part of the problem, when i grew up, for example, you could buy a house with a 5% deposit. you're talking about 20%. i bought a house recently in america, i had to put down a 35% deposit. the banks are no longer lending the money they used to. the same bankers, not all of them, but the same wall street institutions and bankers that you could argue brought this country to its financial knees are now awarding themselves the same old bonuses, but not lending money to people who are desperate for their homes. that has to change, doesn't it? >> yes. but these people could, if they

wanted to, buy a home with 3.5% down, just by going to the fha. but if they've been listening t suze orman, they know don't you dare buy yourself if you don't put at least 20% down, because you don't want to start yourself in a negative position. because the tax laws currently effect that say, you bought a home for $200,000, it's now worth $100,000, and do a short sale, you do not have to owe income taxes on a primary residency for a home between $100,000 and $200,000. starting in the year 2013, you will. >> let's take a break after that bombshell, which is a bombshell. let's take a break and talk about how we keep america great. advice for this audience and we'll take more questions and send questions to @piersmorgan or @pierstonight and on facebook. this is going well. i like this, don't you? i am loving this greek yogurt.

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you are really, really, really going to love me when i give you this answer. >> okay. >> are you ready for it? >> yes. >> you have been bucked off that horse. you are denied! just leave it where it is. trust me. >> that's from the suze orman show on cnbc, with the words that every suze fan fears. her latest book is "the money talk."

the top one is interesting, it's not the people who are broken, suze. the people are why this is still a great country. we will rebound. now, i agree with that, you see? i don't think the people are broken. the people are angry. they're frustrated, they're hurting. but they're not broken. >> their spirit is broken. >> do you think so? >> well, audience? are your spirits broken? some yes, some no. >> i'm not sure they are broken. >> i think you're angry and i think you're frustrated and you want better government and you want this economy sorted out, but i don't think you're broken. and americans need to fire themselves up, i think, like suze does every day, and come back and keep this country getting better every day. >> let me tell you whose spirits are broken. some of the 50 million people out there, and none of you are any of those people, or you would not be sitting here. but the people who have lost their homes, their cars, they

have lost everything, and two weeks after they get their disability check or their get a social security check or they get whatever, they have to go stand in food lines in order to feed their kids. when you have that happening in your life, your spirit is broken. it's not that you're a bad person. i mean, america is a great country and it is made up of the best people in the world. but unless congress can get their act together to help these people, just throw them a bone! >> well, congress seems to be -- >> their spirits are broken. >> suze, i've only been one year in this country, and all i've seen is congress squabbling like schoolchildren and getting nothing done. if i was an american, i'd be seething about this. i'd be marching the ramparts of washington and saying, what are you clowns playing at? get stuff done. let's go to keke. >> basically, i have to choose helping my family with my

sibling's wedding, paying off credit card, and putting more money into my roth i.r.a. and 401(k) and i wanted to see how i would prioritize these different things. >> did you just say helping your siblings with a wedding is more of a priority over getting out of credit card debt or saving money for your own retirement? >> it's not more of a priority, but i mean, these are just different -- >> you threw it in the mix. >> well, yeah, it's something i really want to do. i really want to be able to help them out. >> no. i get that you want to do that, but you have credit card debt. if you have credit card debt, you have bondage, and you will never have financial freedom, keke, if you're in bondage. how much credit card do you have? >> do i have to say? >> yes, ma'am. >> about $9,000. >> at what interest rate? >> if i average everything out, it's probably around like 15%. >> 15% on $9,000. well, if you have any money at the bank, here's what's nuts. if she had any money in the

bank, they would be paying half a percent. treasury is now even thinking about you paying them to be able to buy a treasury. that's another story, however. can keke, you want to help others, you have to help yourself first. your priorities are to pay down your credit card debt. then fund your roth i.r.a.s. and then if they're still going to get married, you can help them. but you are not in the position. you do not have the money to help others. i know that's hard for you because you want them to see you in a certain light. >> it's a very good point. i'm staggered on -- what's it, black friday, they called it, before christmas, where american, $14 trillion in debt, you know, unemployment raging, loads of people with no money, suddenly, it was like the flood gates opened. millions and millions of americans storming into the shopping centers, to spend money that i just guessed, i have no evidence, i guess many of them just don't have that money. what were they doing?

>> shopping! >> i know. i know, but where is the common sense? where is the personal responsibility? because although i blame bankers, although i blame wall street, although i blame governments for what has happened to the american economy and the global economy and every country, not just here, i also blame members of the public for not taking their own responsibilities. and that includes me and everybody in the room. it's like, you've got to be personally responsible, don't you? >> there's a saying that i have, when you feel less than, you spend more than. so when you feel like there's no answer, it doesn't matter anyway, oh, i'm just going to go shopping and buy something, now, look at everybody shaking their head at that. and you just told me that you didn't feel broken a few seconds ago. when your spirit is broken and nobody is validating you and nobody is willing to help you, throw it in and you go, let's go shopping. >> tell me about your prepaid card that you brought out. because you've taken a lot of flack for this. they're like, suze's on the take

here, she's raking up your fees, everything. what is the truth? >> do you think, at this point in my career, that i would get on television and i would say that this card, if you use it like i tell you to, will not cost you more than $3 a month if that wasn't true. why would i do that? suze orman is a person who wrote a book, piers, the 2009 action plan, i wrote it to be given away on "the oprah winfrey show," not to sell it, we gave away 2 million copies. i give away my identity theft. i'll give it away tonight to all of america, if you want. so why would i, at this point in my career, having given away tens of millions of dollars worth of tools -- >> is the problem with it, like many of these things, if you don't study all the wording of this card, you could end up paying extravagant fees? >> no, we even have what's called a fee alert text.

if you're paying fees that you shouldn't pay because you're doing something ridiculous, we send you a text. but here's the truth. you know how romney was out of touch with the poor people? the people who are judging prepaid cards today are out of touch with the poor people. there are 50 million people out there that can't get a bank account, they can't get an account a credit union, they have bounced checks, they can't get a bank account. so can you tell me, what are these people to do? you can't tell them to go and pay in cash. everything's online today. they have to pay their bills. prepaid cards were given a very, very bad. rap years ago, and guess what, they deserved it. but just because they are bad doesn't mean every one that comes out is going to be bad. i love my card, i stand by my card, and i guarantee you one year from now, all these reporters that have gone absolutely looney -- >> given all the attacks that have come on you, is there anything you will change about the card? >> there is one thing i will

change about the card, which is when we can, the $3 a month fee will go away. but for $3 month, you get unlimited credit scores, reports, free identity theft protection. you get everything for free. here's what people should do. they should go to theapprovedcard.com, click on "fees," look at everything this card comes with. if you don't like it, you don't have to get it. if you're happy at your credit union or your bank, stay there. but for people like me who have an elderly mother, my mother is 96, she has a different aide almost every day there. i can't leave cash around or a credit card around. i got a card, gave my mother one, you get up to four cards for $3. i can load, and every time one of my mother's aides buy something for her, i get a text immediately. >> okay. if it's good enough for your mother, that sounds pretty good, suze. let's have a little break

and come back and talk about what is one of the key issues. how do people save money in difficult times? what are the best ways. so who ordered the cereal that can help lower cholesterol and who ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole grain oats that can help lower cholesterol? honey nut cheerios.

if you're going to have a child, you really have to be able to afford to have a child. children are very, very

expensive. one child, over the first 20 or some odd years, will cost you maybe $200,000. it's a lot of money, especially if you're going to send them to college. >> words of wisdom there from america's money class on the "o" network. i just realized that my four children may cost me nearly a million dollars. >> what were you thinking? >> deny, deny, deny, isn't that the key phrase? let's cut to a question that many people are asking. top of the board there. should we all be run to buy facebook stock? facebook, to me, is a brilliant american success story. a young geeky guy has a great idea, and the next thing you know, it's worth $80 billion. he's going to create god knows how many millionaires, make himself incredibly rich. he employs a lot of people in america. and we should be saluting him, shouldn't we? >> i think we should be saluting him. i'm happy for him and everything he's created. you know, i'm happy for people when they have success.

who wants to bring people down and make it so they don't succeed? we need to propel each other up and hold each other up. but should you buy the stock or not? i don't have a clue. i do know what will happen is that none of us will be able to get in on it on the first offering. it will come out, america will go crazy, it will bid it all the way up, and then we have to see what happens. i have a feeling once it has gone all the way up, people will want to take profits, it will come back down and then you'll make the decision if you should buy it or not. so it's going to be, it's going to be, you know, it's a strange one. when google first came out, look at it now. when apple first came out, look at it now. i have a feeling in the long run, facebook will probably be one of those companies. >> let's take another audience question, this time from natalie gonzalez. >> hi, suze. my question is, my husband and i make about $200,000 a year, we live here in new york city, we don't own any property, we don't have any kids, and we really struggle to save money. what is our problem?

>> you live in new york city. >> i mean, they're earning good money. i would think compared to most americans, what do they do -- the fact that they can't save money on that kind of income. >> but here's something important, this is the people that president obama was talking about raising taxes on everybody, originally, above $250,000. and i've been arguing against this. you want to raise taxes, make it $1 million or $2 million of income, but not on people like this. because if you live in new york city, after taxes, that is your problem. it's not just federal and state, it's federal, state, city. and by the time you're done, you are bringing home $100,000 a year. now, that may seem like a lot, but not in new york city. for the rent, for the -- so, move! or you make more money. but it's very difficult in this city to do that. >> let's get brutal, suze. how should people save? what are the thing most people are wasteful about, do you think? >> almost everything.

they love -- i almost started a national riot when i went on "the oprah winfrey show," do you remember this, everybody, and i asked people to simply stop going out to eat for one month. oh, my god! the restaurant industry, i thought they were going to come out and literally pop me one. >> you can't blame them, can you? >> yeah, i can. >> it's a direct assault on their business. >> except they all go out to eat, put it on credit cards, they're nervous as can be when they give their credit card to the waiter, hoping that when the waiter comes back, they'll say, you've been approved, because they know that they're pretty much to the limit, and then they only pay the minimum payment due, so they're going into debt to go out to eat. they go into debt to go to the movies. they go into debt to all these things. people in the united states need to learn how to get as much pleasure out of saving as they do spending. >> how else can they -- how else are people wasting money? what are the most common ways people waste money? >> i would personally tell you weddings, but i know that wouldn't be a very popular answer for someone like me.

their number one waste of money is entertainment and clothes. >> but here's my issue with this, suze. >> you have so many issues! >> i have a lot of issues! my issue is, you can't kill everybody's fun. even in these tough times, you know, i actually quite liked when newt gingrich said, let's have a moon colony. why not?! can you imagine the excitement of this rocket going off and landing on the moon and having a colony? i remember when i grew up as a lad, i remember the lunar landings. they were the most exciting thing ever. >> piers, do this, shake the cobwebs out of your head. >> you have to dream a dream as well. >> but you have to have the money. who has severe credit card debt in this room? anybody? you, you. when you g out and you're spending money and you're putting it on your credit card knowing that you don't have the money to pay for it in full, is it fun? even though you do it because you're bored, when you get the bill, the you wish you hadn't done it?

isn't it worse to do that than to just stay at home and make love to each other. >> let's take a break. when we come back, another question from the studio audience. all energy development comes with some risk,

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>> where do you get your jackets? well, today i'm going to tell you i get most of my jackets in phoenix, arizona at a place called -- >> that was kristin wigg. that was a good impression. >> for most certainly is. when i'm doing my own show. >> where do you get your jacks? >> she has done this about six times now and we tried to find the place in phoenix, arizona and we can't find it.

are you kidding me, people? anyway. >> i like this tweet. we have been getting a lot of tweets. you can have lots of fun without spending. picnics, skating, walks with friends. that is so true. we are in new york now. the best times i had in new york are in central park getting the creeky wooden boats and doing the way we were scene. it's $10 or something for an hour. it's that simple thing that people perhaps talk about. just having normal old fashioned fun. >> now you are confusing me. a few minutes ago you said i disagree with you. people should be able to have fun and buy this and do that. >> you were being a little bit miserable in your outlook. they are all broken and nobody can have any fun. you are not even allowed to eat. you must stay at home in misery watching the "the suze orman show."

>> you are not broken, but you feel at times like your spirit is broken because nobody is listening to you? >> i want to run you the truth. >> the way you rally them is you can't rally them by saying come on, let's do this. you have to give them a way that they can sell their house and stay in their house and feed their children. that they can go to school and get a job. that they can do the things that are their birth rights. they are not asking for a lot of money. they are just asking for a place to live. >> what do you think, suze? on politicians and business people to stop whining all the time. yes they have to be facilitated, but showing consensus and agreeing on policies that everybody agrees are quite good ones and getting stuff done and rallying americans to feel good about their country and themselves. >> yes, sir, i agree on that. they are not doing it. all we can say is why not? >> i agree. why not?

let's take another question. audrey perez has a question. >> i think you are amazing and thank you so much for all your advice. >> thank you. sorry. >> i recently received a cash bonus and i will be getting -- i hope you don't ask me where i work. income tax refund. i wanted to know when to do with it. i have 401(k) loans that i got before i started watching your show which i would never do again and also credit card debt. what's the best way to use it? >> how much of a refund? about $3,000? >> yes. that was really good. >> how did you know that? that was freaky. >> how much credit card debt tough? >> i was afraid you were going to ask me. it's a lot. >> 15, 20? >> about that. >> there we go. did i impress you again?

>> this is getting very, very unusual. mystic suze. >> if you were to increase exemptions and not get a tax refund, you would be getting $250 more per month on your paycheck. you could then take that $250 more a month and pay it now towards your credit card debt. next year, this year, raise your exemption so you don't get a refund anymore. what should you do? put it towards credit card debt. >> what are is the single greatest moment of your life. if i can relive a moment for you, what would it be? >> i had so many. >> i want one. a straight answer. i got the power. i can zap it back right now. >> there so many. i have to say meeting k.t. the greatest thing that ever happened to me is kt.

we got married two years ago in south africa. you are seeing pictures of her. the absolute greatest moment of my life. i would trade every penny i have to be able to be with kt. >> if you don't have love in your life, money is pointless. >> that's the greatest thing. when i look at the pictures of us together, we are going on 11 years. it was the greatest moment of my life. >> how many times have you been properly in love. >> one. this is it. i never have been in love before that. >> this is it. one last segment. how we will get america back on his feet. this is delicious okay... is this where we're at now? we just eat whatever tastes good? like these sweet honey clusters... actually there's a half a day's worth of fiber in every ... why stop at cereal? bring on the pork chops and the hot fudge. fantastic. are you done sweetie? yea

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an only in america story about one of the biggest successes in the country is the $5 billion facebook initial public offering, one of the biggest in history. an amazing example of american ingenuity. into $100 billion company with over 800 million active users. 235,000 jobs and delivering $15 billion all for the concept of social networking that didn't exist when i was growing up came to define the worldwide web.