crown. joe on twitter says, yes, we need a triple crown winner. >> "willis report is coming up. gerri, sam's club, near credit card. you will look what that all gerri: we have somebody from the company, from sam's club to talk to us about a new product. also on the show the white house looks to the private sector for a new va chief. we'll examine the leading contender to see if he can fix a broken va. congress investigates the student loan crisis, record college debt but what is going to fix that problem. we investigate the pros and cons of long-term care insurance. will it help you stay in your own home instead of going to a nursing home. your coverage under obamacare may be in jeopardy tonight if you have it. the department of health and human services says more than 2 million people, that's lot of them, 2.1 million people who signed up, they have errors in their applications. for some folks, that means they will have to pay more. for others, they could lose

their coverage entirely. to help sort this out we're joined by dr. sreedhar potarazu. dr. p, welcome to the show. >> thank you. gerri: what are the big problems? >> the big problems are people not being able to sign up and adequately verify their income or falsely reporting what their income is. as you know, part of it has to be self-reported right now which wasn't the original intent. but is the way that it works right now. there is a lot of room for errors. when you have to verify income and as well as eligible requirements this is where the two million people and probably more are falling through the cracks. what will happen is, is that if in fact the government find out that people didn't report their income accurately, they may go after them on their tax returns. gerri: let's break this down because you covered a whole lot of ground there. first of all, how did the government even know i'm reporting the wrong number for income? >> so they're going to eventually go back and look at your tax returns and match it

up. gerri: but they're not doing that now? >> they're not doing that right now. so they're going to use some kind of an estimate based on what the individual is telling them and do some kind of a verification but based on employment, and some other information that they're gathering but that is precisely the point is that there isn't a lot of information that is available right now for what these consumers are reporting on. so there's a lot of room for fraud. gerri: here is what we're looking at, 2.1 million application errors, mistakes, lies. one in four applicants has a problem, okay? half of that, a good deal of that, a quarter of that is immigration data. but if you really break it down, about half of it is people who are saying that they are citizens of this country or here legally and people who aren't because we're not giving obamacare to people who are not here illegally. >> that's right. gerri: the other half is the income issue which you're mentioning. my problem is, i don't really understand how the government is verifying any of this?

they know the things that i'm saying are not true because let's face it there have been a few problems with the obamacare website. >> especially when you talk about the immigration information. this will not be the first time we've seen issues in terms of where legal immigration or illegal immigrants have been able to seep through the cracks. an example is, if you look at the president's expansion of the state children's health insurance program, they loosened the requirements in terms of what needed to be recorded in terms of their immigration status and you see a lot of people who are finding loopholes or erroneously reporting their legal status in terms of getting these benefits. and unfortunately, the policing of this, in terms of having the systems in place, which is what you were alluding to earlier are just not there. gerri: right. >> in order to be sophisticated enough to integrate the immigration database alongwith the verification database on the insurance side is virtually impossible. they barely got the basics to

put in place in terms of the enrollment, let alone the integration with either the ins or with the irs. gerri: wow. but they're claiming they do. so some folks are going to get a tab, like a bill from the government? is that what is going to happen? >> it may not be so much a bill as much as it is, let's say you're due credit or refund on your tax return. if they're actually able to go back and verify in out years in fact you didn't adequately report your income, they would, you know, use that in terms of seizing it against your credit. now, remember in the past that they said the irs wasn't going to be that aggressive at least in terms of enforcing the penalties but what they never really got into was whether the is has the where with all or the bandwidth in terms of going through the income verification and in terms of how well they will be able to enforce it for those that haven't adequately reported. gerri: it's an amazing story to me how this is all working and

not working. doctor, thank you for coming on the show. >> thank you. gerri: we told you about sam's club story, right? after major breaches of retailers, the first major retailer is switching to a more secure payment technology pronto. no it is is not target. it is sam's club. they could branded will enable a chip credit card. we have the chief merchandising officer and carolyn with mastercard. sam, to you first, let's talk a little bit why you guys issued this card. why? >> thanks, gerri. i'll tell you, at sam's club we're focused on a few things but nothing is more important to us than becoming the most valued membership organization around the world. there are lots of ways we can do that and we've been doing it through merchandise throughout the years. this new credit card proposition we teamed with mastercard and ge capital retail banking provide another way we just provide value for our members t

comes through two ways. it comes through savings and also comes through security which we know is important for our members. gerri: listen, it is really important to customers and 24% of people are saying they're not shopping online now because they're worried about safety. if you have an answer to that question, it will be good for your business. carolyn, to you, will people be safer using this card? >> yes. the chip technology has been used around the world and so we're looking forward to bringing it to the u.s. it immediately reduces counterfeit fraud. gerri: well, you know the technology is everywhere else. just not in the united states. i think there are something like 3 to 5% of u.s. cards have this technology. charles, how much, i'm sorry, charles, how much more is this costing your company to have this kind of technology? i realize there are some more bells and whistles to this card but the secure card, the chip, does it cost a lot more? >> i'll tell you what, there is no additional cost to the member speeds the mem -- membership fee

with the company card. we've been working on getting this technology in our terminals for years and years. this is something our members asked for and we're ready to deliver. this is not just a day, or week or month program. this is something we're working on for some time because we're very focused on that. gerri: caroline, it's a competitive world out there. what i don't understand why other retailers are not doing it. the technology exists, i. it is out there, right? it has been done in europe all the time. do you think more retailers women out with sam's club says we have a charred chip, do you think the industry will follow? >> absolutely. the industry is making nice progress to migrate towards chip. as charles mentioned it is takes a while. it is equivalent to redoing all on-ramps and highways on the united states. all the cards and all terminals have to be upgraded. that is a huge effort and the industry is working towards getting that done.

gerri: charles, will be a competitive advantage for you? >> well it is be ad advantage for sam's club members, we'll tell you that. we have million members today and we'll get millions more and we're focused delivering value securities provide them. we'll give them safety and security and savings program we have. they will get 5% off gas, 3% off travel and dining and 1% over everything else. that is what it is about, savings and security we offer our members. gerri: one-two punch my friend. good stuff. thanks for coming on. we've been talking about this issue on and on. it is good somebody is finally coming out with this product in this country. charles, carolyn, thanks for being here. >> thank you. >> thank you. gerri: coming up your voice. during the show we want to you facebook me or tweet me @gerriwillisfbn, what matters to you. we want to hear from you. at the bottom of the hour i will read your tweets and he emails. we want to know what you think about tonight's show. va scandal is unfolding.

there may be a new man in charge but can he fix the mess and get veterans care they deserve? we'll look at his credentials coming up stick with innovation.

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gerri: the veterans administration under fire and new head of it, he may come from

the private sector. the white house reportedly putting the head of the cleveland clinic to be on the short list for the new v. asecretary. we have jessie jane duff, concerned veterans of america. welcome back to the show. this fellow, really well-regarded, vietnam vet, heart doctor. great credentials. whatwhat do we know about his ability to lead an organization as big and sprawling as va. >> it is highly recognized clinic he is coming from and world-renown. this is exceptional move on the president's part i do give him credit for this. being a veteran is nice although not necessary. we need people who can manage health care facilities this is first step hopefully in the right direction. the hearings will reveal anything more. if it is questionable it will come un. we need executives to run the va with health care experience. many of them do not even know how to manage their own hospitals. >> very interesting. well, you know the president has tipped his hand how much he loves the cleveland clinic. here is what he said in 2012 about the cleveland clinic.

>> so, at cleveland clinic, one of the best health care systems in the world, they actually provide great care cheaper than average. the reason they do, because they do some smart things. they say, if a patient's coming in, le's get all the doctors together at once, do one test instead of having the patient run around with 10 tests. gerri: so the president sees them as a cost leader, being cost effective but is that the skill we need here? >> that is one of the attributes. i think the man has credentials to run a hospital effectively and efficiently. considering all the scandals going, his first step is to get administrators in place at every va hospital with the same credentials. he will not be the one person to change this. it will be a multitude of executives that have to be replaced. >> you make a good point there. i have to say. just to give people a sense that stacking up these two organizations, the cleveland clinic has a budget of

6 billion. the va, 162 billion. the cleveland clinic, 3,000 doctors. the va, 53,000 doctors. and on it goes. you can see that the va is much, much bigger, more complicated. what kind of personalities is going to be successful just hammering in these changes that need to be made? >> we need a lot of reform changers. we need people beyond just your medical. we need people that can handle benefits administration. we need people a knowledge how the entire process is run. it is archaic. the president promised he would bring it to the 21st century campaigning in 2007. where are we still? many of the documents are still 97% of the it was handled manually a year ago. we need a long way to go. we need lot of people in place. this is just the first step. gerri: we should review some of the problems in the va. you say their computer systems are not good, absolutely true of the problem people get stuck on the wait list and don't get care even for the first time for

weeks and months. that long line, building line, people getting seek before they get seen for the first time is frustrating to so many families. remember, these are heroes. i want you to respond, we have sound from the fellow who may be running the va. here is what he had to say to our very own liz claman recently. >> why do you they use the cleveland clinic, shining example, of health care which is a very tough nut to crack, really should be? >> one of the things they have seen relative to other people we've been able to keep costs down and i think the reason for that is our mod definitely care. for example, the doctors are all employed. they're all salaried. and they have no financial incentive to do more or to do less. for that reason we don't see extra tests. we don't see extra procedures. that keeps the costs under control. gerri: i want to know what you made of that sound. also how quickly do they need to move on this? >> okay, first we need to move

quickly. second what he said were some of the exact problems we saw within the va. they were doing excessive testing in 2010 in texas. men had to have scceenings pop three times before they get a colonoscopy. by then it was stage four cancer, way too late. in other part of the nation, eight cardiovascular in albuquerque, new mexico, seeing two patient as day which is private practice they see in week in two days. when he talk cost effective, being more resourceful. not plugging more money. using what you have, using it effectively. not giving out ludicrous bonuses and giving them false incentive to perform egregiously. gerri: i don't know that you can be efficient in a government agency, right? >> touche. gerri: we can definitely try. thank you for coming on tonight. >> thank you for having me. gerri: well, gm just can't get it right. the automaker is apologizing to families of accident victims

after some were notified to bring in cars for replacement of defective ignition switches. several families who lost loved ones in fatal crashes that gm should have foresight not to send them notices. one mother who lost her daughter in gm crash raised a good point gm could have identified the victim cars through simple check of vehicle identification numbers, vin member, but hopefully tomorrow families get answers they want. mary barra will brief her employyes on the recall investigation. sources tell fox business this could involve internal report on ignition recalls and deaths. we'll keep you updated on the story. still to come on a show, a new study wonders if the american dream is dead. how do you do that? how to buy long-term care insurance without breaking the bank. we're looking out for your

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gerri: look, if you plan on staying in your own house as you get older you will want to hear from our next guest because you may need long-term care insurance. that could help you keep your house and your health. but how much does it cost? is it worth it? to help us answer those questions saul simon, certified financial planner with lincoln financial. saul, welcome back to the show. let's define this first because a lot of people are confused. is it medicare, is it something else and what does it cover? >> this is definitely not health insurance. it is not medical insurance at all. it is long-term care insurance. being able to have provider come into your house -- gerri: health care provider. somebody coming to get you

dressed in morning. >> that's right. shower and take care of your well-being with respect and dignity. and it is for that expense. gerri: okay. so a lot of people out there are interested in this. but when they get a look at the prices they are dismayed. and that is because prices have gone up dramatically. why? >> so, years ago they weren't budgeting properly the expense of this coverage, number one. inflation right now for the past five years has been about 2%. the cost of inflation for health insurance, for loog-term care insurance has been double. it has been 4% a year. so long-term care insurance companies have been increasing the expense of the coverage over the years to the consumer. now granted when you buy it at your age, it is locked in at that price and there is still an opportunity for them to escalate costs. gerri: ah. so the price can change over time. tell me, so, when do you buy this? what age do you buy this at? what can you look for in terms of premiums? >> yeah. so the sweet spot that i kind of speak with clients about and i

referenced it in the book that i had recently published is age 55 to 60. is probably the most economical, efficient time to buy the cost -- gerri: if you wait too long you're in trouble, right? >> number one, it is too expensive. number two, you may not be insurable. they go through a medical examination and a phone call to determine are you capable mentalitily emotionally or psychologically to answer those questions? so a 200-dollar a day benefit for four years, for a 55-year-old is approximately $3500 a year. and a 60-year-old is approximately $4400 a year. gerri: so i assume that at some point i stop paying this and then i get the benefits. how does that work? >> yeah. so in the event that one of the, two of the six adls, activities for daily living gets triggered i no longer have to pay for cost of insurance. now the insurance company pays

that bill. now one of the things that i've been seeing and i've been sharing with clients, my peers, i'm 52, i have healthy parents thank god that are alive, i'm having the children buy the product for the parents. gerri: would you. >> as a way of reducing the financial liability off of the child and or children, because we're in a sandwich generation. we're taking care of our children and we're going to take care of our parents no matter what we have to do, number one. number two, most important i want your viewers to look at long-term care insurance, as, i want to pay for this from my capital, from my net worth. because that's what i'm protecting. i don't want them to pay for this coverage out of the disposable income. gerri: okay. well, one of the questions i have because this is going to be a long-term arrangement i have with a company. i am concerned, i get worried,

happen. >> yeah. gerri: and b, can the company be around when i need it. >> great comments. other insurance companies in the past have gone under and other insurance companies purchased those liabilities or those intangible promises. i mean isn't that what insurance is? almost -- gerri: another company will come in, buy your policy and pay it out. >> should you need the coverage. that is correct. been our experience so far, do you have coverage? gerri: fingers crossed. saul, thanks for coming on. >> have a happy day. gerri: you too. time for a look at stories you're clicking on foxbusiness.com. the private sector hired 179,000 workers in may. the number missed analyst estimates by more than 30,000 workers. this is the lowest monthly increase since the beginning of stocks ending higher today. the s&p ending at another record high as traders bypass the weak private sector numbers. instead traders focused on new data showing the services sector is growing at an accelerated

rate. china's state media is lashing out at u.s. tech firms and calling for severe punishment. the chinese media claiming companies such as google and apple are nothing more than pawns of the u.s. government. the tech companies are accused of spying and stealing chinese secrets. uber is set to start water taxis in the boston harbor. they will offer the service around the world, offering a fleet of on demand water taxis powered by boston harbor crews us. the test runs today through june 15th. those are some of the hot stories on foxbusiness.com. coming up later more talk on the ever-growing student debt but what are the solutions? we'll be looking for them. for year after year owning a new home was american dream. new polls are suggesting whether that dream is flat-lining. ♪. we asked people a question,

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gerri: owning your own home was was the ultimate symbol of prosperity and success, the great american dream, but some of us are saying their dreams don't involve white picket fences. joining me now vice president for her research and associate which conducted the survey. thank you for coming on. i was shocked by these numbers on many levels. lots of interesting details. tell us, why do you think from your research americans have lost faith in housing? >> thank you for having me. i appreciate that. i think it's an indication of just very tumultuous times we have been waiting through for that last five, six, seven years. what we have found is that the american people are pretty split whether they think that homeownership is really the vehicle to build

wealth and security that it once was. gerri: here's what we see from the survey. is the american dream dead? is homeownership the past of wealth and prosperity? 43% say no, 51% say yes, that is surprising. that's an almost even split. do you think that the fact that we have already seen gains in the housing market, why isn't it that registering with individual investors? >> well, i think it's not registering with the american people and american families because it's not what they're experiencing. what we have learned in the research is that housing isn't some sort of far-off abstracting for people that they really see in their own community that there are significant of schools and challenges and not just for low income people to find quality afford housing, but for many many of their neighbors to find quality affordable housing. over half of the american public thinks it's challenging for middle-class families to find quality

affordable housing in their communities. gerri: we saw the prices spike up last year especially as professional investors got involved and people were competing with overseas money and it's a tough market to get into and now prices account through the roof and interest rates are moving higher as well and it's double to every. here are some of the numbers from your survey . despite the recovery 51% of folks say we are still in a housing crisis. why? >> it's actually a little more bleak than that, it's 70% of folks that say we are either still in the midst of a housing crisis or the worst is yet to come. only 25% of the market people think we weathered the storm and housing crisis is in the review mere. i think has a lot to do with their personal experiences and what they see either impacting their own families or what they see impacting so we people in their communities. gerri: tell me what people see as a solution? do they want the government

to be involved? >> i don't know that people see the government as the sole fix, but what we do know is that the american people think that more can be done to address the housing affordability problems that so we communities pasted. they want more to be done. what we found is that solid majority of the public would like to see state and local governments doing more to ensure that there is adequate supply of affordable quality housing and that applies to both rental housing and housing to buy in their communities. on the question of the federal level, with the american people really want is balance and they would like to see a balanced policy, not a policy that favors ownership over renting, but a policy that really deals equally with both ensuring that we have quality rental housing and housing for people to purchase. gerri: surprising findings in interesting, still a lack

of confidence in housing. rebecca, thank you. >> thank you very much. >> gerri: now, we want to know what you think you're it here's our question, is the american dream dead? vote on the right-hand side of the screen at gerri wilis.com. and i will show the results of the the tonight show. the american dream is alive and well for our next guest. our special continues where there's a will there's a way. each and every week we are talking real-world stories with individuals overcoming odds and achieving success, financial success. dreaming out by skype is suzanne evans, founder and owner of suzanne owners coach injury she has authored the book, the way you do anything is the way you do everything, which she will have to expand minute. for 72 personal story. you were working on broadway in the back office somewhere and you decided you had to start your own business, why? >> i was actually reading a book that helps you get out of debt and when i added up my debt and i went through all of the exercises i realized it would take me 21

years in that job with small raises to even get out of debt and it was in that moment i realized i was responsible for my own economy and a paycheck was not the security. gerri: wow, personal responsibility that's pretty impressive. how did you get started in one-- what did you decide to do for living? >> i started with being a coach and it's interesting. when you decide you need to do something everything appears, it puts you in the past to do any. i started with family and friends. i didn't know how in the world to get a client. i didn't have business skills, but i knew you had to ask and i started asking people to work with me and i got a coaches certification, so i was trained. when i ran out of friends and family i ended up with organic foods with a sign asking people if they wanted life the coaching and come clients about my business.

gerri: you have had an impressive run and as we know you have been on the inc. 500 list. we are having a few technical difficulties with you and we will have to let you go. thank you for being with us and maybe we will have back soon to tell more of your story. >> thank you. gerri: i wonder what that was, like a bug in the mike. now, we want to hear from you. here is what some of you are tweeting about our poll question, is the american dream dead? charles says i don't think it's dead it just takes a lot more effort. which says absolutely not, perseverance coupled with dedication hard work will allow anyone to attain the american dream. ray rice on my facebook page, of course not, different but maybe not that. if the government is doing all it can to kill the american dream or are still many around keeping it a lot. here are some of your e-mails on gm. mike writes great show, we love to hear that. now that jay carney is available gm could snatch him up if they wanted to sell that old gm line. jane from new york writes

it's funny how government motorists managed to slip out the financial response ability on not only on these debts and injury cases, but on how me thousands of bond and stockholders took a bath. nothing like having an uncle in the white house. neil from florida writes about the insider trading probe surrounding phil mickelson, which we have been covering, could the fbi issued bill a political payback for his criticism last year of obama and his high tax rate. you, good question. we love hearing from you. the meaning of. the two jerry lewis.com. coming up next fiscal bond king is struggling. we will see why the 13th straight month investors pull money out of the pimco fund. here's your consumer gauge with numbers that matter to you. check out. that's your wallets right there. we will be right back. we're moving our company to new york state.

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gerri: investors have lost

that warm and fuzzy feeling for the biggest bond fund in the world. for the 13th straight month investors pulled money out of what is called pimco total return fund. the outflows are happy even though the fund is doing well lately. with me now eric jacobson from morningstar. so, it's ironic is it that the last or months the funds have the best performance in some time and yet now people continue to take money out of this fund. why? >> the whole story has been overwhelmed by a few other factors. ones that most bond fund investors, let's say a lot of bond fund investors started pulling money out last year in fear of rising interest rates and rising bond yields have entirely happened yet. then you also had the problem of pimco total return itself not performing well last summer. that compounded the issue and then you had coast cio and pimco ceo leaving in

january. combined with a couple of other departures that made a lot of investors skittish and it's almost a perfect storm for that fund right now. >> gerri: it's interesting because i think bill gross undermine some of his own efforts with his comments which were a little loopp. all kinds of crazy things. what's going on over there? can they write this ship? >> i think they can. i do think it's a bit of a different ship than it used to be especially outside of the building itself. the invested committee has a different flavor and looks different than it used to. got a lot of focus on bottom up fundamental investment now with the six new deputy cio's. i think that's the reason they brought palma cole back to add balance and bring back someone with a lot of experience and make it look like it's stable. i will say i don't think

bill gross has changed that much. i think the circumstances change around him and i think he reacted to be not the best, but it is what it is. gerri: is a fella who came back as you were saying well-known economists and basically gone to the mountaintop and grown a beard and came back just for the purpose of helping right the ship and getting investors excited again about the company. part of it is broader, economic, what's going on in the real world. do you feel like people are pulling out of bond funds altogether or only this fund? >> so far it has been mostly-- office this fund, but what we call corporation plus. barclays aggregate benchmark, quarter funds in general, putting money into bank loan funds and we are being called unconstrained funds, so either chasing income along with no rate sensitivity and then that can straight funds been marketed as having very little rate sensitivity, so the whole stories about avoiding interest rate risk of picking up extra income.

gerri: will that were? >> it's hard to say that it will probably because prices have gotten so high on anything that generates yield, the bank loans are considered to be rich right now, so you are buying i don't want to say at the top, but when things are pricey and in general i thank you have a lot of investors switching the entire flavor of their bond portfolio over from not having a lot of interest rate risk now, but taking on more credit risk than they may have before and that will be a lot more correlated to stocks and can change the risk profile for a lot of investors and they may not know it. gerri: i think you're dead on with that. people don't even realize how much risk. their desk britt or risk. i want to show this that 30 straight months of investor withdrawal, total assets down 22%. the one time biggest bond fund in the world suffering now and even as investors continue to want to be in bonds. can this company recover ,

improve, retain what had been a leadership momentum? >> i think a lot of it will just depend on performance picking up and staying in good graces and not being as deeply poise as it was a couple times in the last few years. i think that will change a lot of things and i will also say if we have these outflows continue at high levels eventually it will take a toll, but at least until now we are still talking about relatively modest amount of assets compared with how much it manages overall. for 2013, it was about 80 billion altogether, a lot of money to the rest of us, but to them it wasn't quite that much. gerri: you make a good point. thank you for coming on, eric. >> happy to be with you. he went still to come my 2 cents worth in my-- there are more congressional hearings on student debt,

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gerri: student loan debt is $1.2 trillion. huge. cataclysmic and who wants to write in and save this from congress. it was the focus of two hearings that the senate today. here with what was discussed in how students can handle

this that marc canter. thank you for coming on. we had two hearings, right? two slightly different topics. tell us that those hearings in your estimation of whether any of this will pay off? >> the hearings were focused on three main issues. one was the servicing of student loans. and other was potential for a domino effect where the student loan repayment burden has a cascading effect on other areas of the economy. like the ability to buy a house or a car and then finally, the inability of student loan borrowers to refinance their student loans at a lower interest rate. gerri: a lot going on and obviously congress hold hearings on this stuff all the time. it seems to me like nothing important changes and we get a headline today that there is a young nyu student dropping out because she can't afford tuition.

at the end of the day what should congress be doing to change the system if anything? >> the system is too complicated. there are two any loan programs, too many repayment programs, streamlining it might help students better understand their options when it comes to repaying. but, fundamentally with congress not increasing grants at the same pace as college costs more and more of the burden is shifting from the government to the families and that is a debt balance a graduation. gerri: i want to show these numbers. average student loan debt at graduation $33000, my parents didn't pay that for the first half. average starting salary, $45000. so, and they nearly have as much debt as they do in their first years salary and that's a dangerous combination for it don't you think that is too much debt? >> so long as their total student loan debt at graduation is less than their annual starting salary they should be able to repay their student loans in 10 years or less.

gerri: ten years, i mean, that is a long time. >> if it were longer, which was what occurs when students graduate with too much debt it forces delays in lifecycle events like buying a car, a house, getting married and having children, saving for retirement. gerri: it affects the entire economy. what you're saying is that you need to have that debt lower than your first annual starting salary. personally, i think even that is too much. but come i want you to respond to some things we are hearing today from washington, some noises about bankruptcy. as you well know you can't charge student loan debt in a bankruptcy typically. they can be done but it's difficult. some people went to open that a. what would be the result and is it a good idea? >> there are some borrowers who are struggling through no fault of their own. they may have been in a car accident and can't work in the job in which they were

trained who have very little recourse with private student loan. bankruptcy discharge would not just allow people we wait out, i think it would for some of the lenders to make more, nations to borrowers who are struggling, so it could be positive not just direct lee, but in darkly. gerri: don't you think the real price is that the-- problem is that the price is too high? if you allow the students the option of filing for bankruptcy, there is no incentive for this colleges to stop raising tuition. they will do the opposite. >> the lenders would be more restrictive in who they landed to. i think the real problem is perhaps with the federal loan limits, which are for the plus loan up to the full cost of education. there needs to be more rational loan limits such as facing them on your ability to repay the debt, not what the college chooses to charge. gerri: these colleges are out of control.

they give are coming on. good to see you. >> good to see you also. gerri: with the college debt piling up in many parents tried to help their kids the parents need a break. that is why we have great places to retire and none of them are in florida or the carolinas treated by the places to retire. fredericksburg is how a texas. the cost of living is 5% below the national average. low crime. look at this little town square. a block away. number four downtown knoxville, tennessee. my mother lived here and she loved it. population 182,000. vegetables, music festivals, arts, gallery popular place for retirees. number three, blacksburg, virginia. the city is home to virginia tech and prices are a e averager living in a college town is a good thing. number two, w, arkansas.

this city has great attractions for retirees. there's a 36000-acre retirement area that has 126 golf holes, seven private lakes and the number one and expect a place to retire is traverse city, michigan. there are wineries, and at cherry festival in july attacks half a million people every year. we will be right back with my 2 cents and the answer to the question, is that american dream dead? it's not the "limit your hard earned cash back" card . it's not the "confused by rotating categories" card. it's the no-category-gaming, no-look-passing, clear-e-lane-i'm- going-up-strong, backboard-breaking, cash back ca. this is the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, every single day. i'll ask again... what's in your wallet?

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gerri: a new survey from the macarthur foundation finds that owning a home is no longer the american dream. we asked a question on gerriwillis.com. 69 percent said, yes. that is so depressing. 31 percent said no. be sure to log on to gerriwillis.com from my question everything. some good