what law school did you goç to? >> i went to columbia. sean: that is all the time that we have. thank you for being with us. we toss it to greta van susteren, who is standing by to go on the record. greta? greta: senator jim demint says that health care could be presidentç obama's waterloo. and the president fires back. senator demint is next, and we are being warned that we are on the brink of catastrophe. plus, take a deep breath. guess how much total money u.s. taxpayers, taxpayers, so that means you, might spend on bailouts. the number is 14 digits. we have a report you have probably not heard, and when you hear it, he probably will not be happy, but you will be

informed. and vice president joe biden, a former leader, and a conversation about ukrainian women, oh-oh. but first, senator jim demint said if we would stop obama on health care, it would be his waterloo. well, without mentioning senator demint by name, the president hit back. >> i am quoting him now. "if we are able to stop obama on this, this will be his waterloo. it will break him. think about that. this is not about me. this is not about politics. this is about a health-care system that is breaking america's families, and breaking america's businesses, and breaking america's economy." greta: well, one republican senator joins us live, and ji jm

demint. he is also the author of a blocked "savingç freedom" -- oa book. >> if we do not put the brakes on the president, he is going to break our country. we ended up with this catastrophic stimulus failure that is hurting our jobs to and mortgaging our future, and now, and he is trying toç push -- 30 our jobs and mortgaging our future, and now he is trying to push this -- hurting our jobs. this is what i hear from americans more than anything else. slow down. read the bills. find out what is in them. the president wants to go too fast. we have to slow him down. greta: is rumored that this is over 1000 pages. is that right? >> it is well over that. barack obama said ok, any u.s. senator who has read it or plans to read it before it is voted on -- greta: ok, and u.s. senator

who has read it? >> he has admitted that he does not know what is in these bills -- any u.s. senate approved the people who have been reading what has been put out state -- any u.s. senator? the people who read and reading what has been put out do not believe this. -- who have been reading it. greta: who is doing this reading? >> you can look at the language and see the plaintiffs' attorneys have read a lot of it because of the language in there. greta: we can debate that. we just read about a guy who went in for a gall bladder and lost both of his legs, so you and i can fight on that, but go- ahead. >> it is a compilation of what staff puts together, çand they say, "i have to have this in

there," and this is what the president wants it done before august break. if it hangs out there during the month-çlong august 3, people pt it out there on the internet, and the bloggers will pick it up -- if it hangs that there during the month-long august break. his promises are not true. i am just trying to use whatever language i need to get his attention and the attention of the american people. the fact is he is not for reform be and he voted against everything we put up for health- care reform when he was in the senate -- the fact is he is not for reform. he voted against everything we put up. greta: that is not an appealing to do it, but what i do not understand is how do i know it the option is appealing when we do not get to see it, and the people who vote on it do not get

to read it, and people are jamming all sorts of things into it? the american people, sitting back and listening to this, i am imagining they are saying, "why are we sending people to washington, if this is what they do?" >> they do not want us to read it, greta, and i am afraid we have been doing it that way all year. greta: that has got to stop. that has got to stop. and you guys have got to start reading. >> there were numerous other bills. you cannot read that even in one week. greta: , this one is a profoundly important that at least take the time -- greta: this one is so profoundly important. >> this is one-fifth of our economy,ç and they are talking about taking it over with the government, and that is what i am saying. we have to stop the president, or he will not this one out and go onto cap and trade, which will put aç tax on electricity. greta: do they come up to you in

the hallway and say, "pour, and this is really bad. we need to put the brakes on -- boy, this is really bad." >> i can tell them they are in these thinking about this. we have got to make them more afraid of their voters than they are of the special interests and then basically drawing up these bills. greta: i wish they would make a pact with their voters, like on term limits and stuff. her i would like them to make a pact with their voters on something profoundly important -- and stuff. i would like them to make a pact with their voters. >> before i vote on a bill, i am going to read it. greta: there is no transparency if it does not go up on the web, and it just gets ran through, whether it is a good bill or not. >> in the last several years,

republicans have done more for health care. how obama voted against everything that would have made it more affordable and accessible for people to make it more -- republicans have done more for health care. of,obama voted against everythi. greta: senator, thank you. time for all of us to confess. admit it. you are just as confused as all are. ça white house correspondent fr cg politics joins us. what is it? >> well, we are trying. there are several draft circulating, as the senator said, in the house and senate, and the books try to do two thing&)$(lc@&c+ they talk about 47 million americans who lack coverage, and they are trying to do it budget neutral, meaning this plan will pay for itself. >> i saw the report from the congressional budget office.

-- greta: i saw the report from budget office. it will pay for itself? >> they say they will go to long-term costs. these are still gaps. i think you have to view them as works in progress, and particularly -- these are still drafts. they have yet to mark up their bills. i do not want to say that these are -- i think there is a lot of work yet to be done. critics of if they are going to pay for themselves, why do we hear about tax increases or a surtax on certain people? it sounds like they are going to go and get extra money from people to pay for it. is not cost neutral. that is a lie. >> there are two ways to pay for it -- it is not cost neutral. to do one, you have to press providers, doctors, hospitals, the weber to squeeze efficiencies and come up with money hospitals, whoever to

squeeze efficiencies. greta: so that is a lie. it is not cost neutral. it does cost somebody. >> the total package, when you net everything out -- çgreta: it sounds a little bit- i am a little confused, i must admit. >> they are looking at the wealthiest americans, and they said this when he was campaigningç. that is not going to make all of the mathematics work. some people are suggesting they go after the tax exclusion on employer-provided health coverage. a lot of republicans say that is a good idea. that would force him to go back on a campaign pledge, and he does not want to do that right now. there may be fallback. greta: have the republicans proposed any plant, or have they just criticized it? >> -- have the republicans

proposed a plan -- any plan? >> it is not the big, all encompassing plan. greta: they are saying, "these are some options we would like to see." >> i think some republicans genuinely want to work with this administration. some others are putting alternatives in, and still others just a and philosophical argument with the government playing this a big of a role -- and still others just have a philosophical argument. bret: and labatt about voting on something having not read it -- greta: feeling a little bit bad about voting on something having not read it. >> obama was talking about having a vote before the august recess. that is looking almost impossible. greta: what about the concept of actually reading it? i know they vote on a lot that they do not read, but this is

different. are any of them -- do you know-o read this? >> one would hope that during the august recess, as they see this coming together, someone with at least summarize it, and they will know what they are getting into it, but i cannot tell you that everyone is going to read every word. these are big bills. çgreta: but that is their job,s it not? i do not get that. if they are not going to read it, why do we need them? he is a general concept. i do not know. but anyway. -- it is a general concept. up next, get out the oxygen. you may need it. how much, all of us end up spending on bailouts proof $5 trillion? $10 trillion? -- on buildouts? -- bailouts? $5 trillion? $10 trillion?

$20 trillion? and on a lighter note, because we are sure you need it, fashion critics have been criticizing obama. you'll hear directly from the president. welcome to the now network. currently, thousands of people

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greta: 23.7 trillion dollars. can you even wrap your head around that number? according to a special investigator,ç when of the mai, independent watchdogs, over the $700 billion dollaralready spen- one of the main watchdogs, joining us0is stephen moore, a writer for "the wall street journal" editorial page. where did that number come from? >> 12 numbers in $1 trillion .

he is counting all of the flood insurance and form insurance, all of this stuff, and it is now $23.70 trillion. 2/3 mortgages now being issued carry with them as a federal 100% guarantee of repayment. -- carry with them a federal 100% guarantee of repayment. greta: first of all, $23.70 trillion. either they get it out of us, the taxpayers, or they just print it. the bureau of engraving. we have wild inflation. nobody in china is even going to buy our debt. they cannot buy our debt because it is way too expensive. do me a favor. tell me the best-case scenario. >> the best-case scenario is that we never have to pay any of this, because as the economy goes back to good health, people will pay their bills, and you

will not have these foreclosures or bank closures, so people will not need deposit insurance, but the $23.70 trillion is the amount of exposure we have, and that is more than the entire gross domestic product of our country. çwe are devoting everything tht we produce in an entire year to pay off all of those debts. greta: if the economy gets better, tell me when it. çwhat is the point where we wod know whether this $800 billion or whatever, whether it were to prove is that november? >> we should know by now -- whether it worked? is that november? >> we should know by now if we do not see a robust expansion, putting people back to work, then i think it would be a failure. greta: i think then all of the people who did not read the stimulus bill should go. >> i was in wisconsin last week. i was an eau claire wisconsin --

eau claire, a wisconsin, he and people were quote -- eau claire, wisconsin, and people are quoting you. -- were quoting you. also, by the way, on the health- care bill, which should all listen to that center on that health care bill. they have not read it. -- listen to that senator on that health-care bill. a lot of times, they do not give them time. the leadership does not give them time. greco, harry reid right now and tell him, "give them time" -- greta: called harry reid right now. -- call harry reid. acquiring other banks, some

lending. all right. why in the world is not the treasury getting that information, putting that on the internet? why are they hiding it from us? >> it is our money. there is no rationalç reason. look. this was supposed to be the new era of accountability and the new era of transparency. greta: while you areç writing harry reid, right to the secretary of treasury. what are the banks doing with the money -- write to the secretary of treasury. >> taxpayers have a right to know. this is the interesting part about this entire story. the inspector general is sort of like the auditor. he is the one keeping tabs on these agencies. the obama administration has been trying to push in the inspector general's out of the way. they do not want them looking at what is going on -- pushing the

inspector generals out of the way. i would not be surprised if they tried to fire this guy. greta: timothy geithner. -- if they try to fire this guy. part two but secretary of state hillary clinton. now, -- part two with secretary of state hillary clinton. now, the u.s. on the edge of catastrophe? what catastrophe? speaker newt gingrich. we will find out from him, and much more. @ egúx

making it all a bit easier -- now that's progressive! call or click today. [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- greta:ç now, for part two with our interview with secretary hillary clinton from mumbai, india, about the dangerous nuclear program in india. do you have a timetable? çthe north koreans apparently o not have a delivery system for a nuclear weapon at all. how much time do we have with the sanctions? with the increased pressure by the world community? before they will have a delivery system? any idea? >> well, i think we have time.

i do not want to put numbers of years on it, but we have time. their program is not that advance, not that sophisticated, in our assessment, and it is not only what they might do, but it is what others might do in reaction to what they might do, and i think neither china nor we want to see japan feel the necessity to move in that direction or south korea, but neither do the north koreans, so there comes a point when your pursuit of nuclear weapons renders you less secure, not more secure, and i really believe that there are a lot of moving parts to this, and i am not in any way saying this is going to be easy, but you can begin to see the pieces on the chessboard, and i think there is going to come a moment -- i do not want to predict exactly when -- when north korea is going to want to come back to the table and start talking about the way forward.

greta: it is amazing they're sort of unwillingness to talk. they are so sealed off from the world. -- their sort of on willingness to talk. >> it is difficult. we do not have the kind of opportunities that i think are important to discuss with one another. we have channels. we use other countries who have more established formal channels. but weç also know the north koreans follow our country and what we say very closely. just even talking to you, i imagine, they will be reporting back to north korea, and we hope that there will be a consensus reached with in theirç leadersp that the passive they are on it is not sustainable. greta: when you had the protesters in the election in

iran, many iranians traveled the world, and they meet americans, and they have a sense of our democracy. when you go to north korea, the north koreans, because they are still sealed off from the world, they have no concept of it, and they literally see us as being these horrible people. >> you are so right, and you speak from firsthand experience. what is tragic is that this has been such a controlled society with so few sources of information coming into the country that i am told that when people escaped, and they get to south korea or they get to china, they are just stunned about what they find. is not just the prosperity and abundance, the food and other goods -- is not just the prosperity and abundance. the world is not as it was described to them. it is tragic. the opportunities for the people of north korea, are just as great as for people anywhere,

but they are abused and victimized by their own government. greta: it looks like aç changef leadership at some point in the near future. the son, the brother-in-law, or maybe a military leadership. any thought about that? >> no, obviously, this is closely. we have no insight into what the final decision will be, but we hope that the current government would, you know, begin a dialogue with us and others that would lead to some positive change, that whoever were to come next would be able to build on. here as a look at what is coming up after this show on "the o'reilly factor." bill: glenn beck meltdown. we have those stories plus a "is it legal?' coming up on "the factor." greta: the blazingly hot health

care debate. will you be paying more taxes or government-run health care? and what is the catastrophe newt gingrich is a warning us about? ncdp is in the ukraine, and let's just say he is not disappointing late-night comedians -- and the v.p. is in the ukraine. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. my two granddaughters are my life. they always ask me, grandma, take me here, grandma, take me there. but with my occasional irregularity i wasn't always up to it.

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greta: former speaker of the house newt gingrich is a veteran of theç capitol hill health-cae wards. what is speaker gingrich think about the democrats' plan? -- health-careç wars. what do you think of the three different plans that are sort of a weaving their way through congress? >> the one and the house makes no sense at all. it has no reform of costs -- the

one in the house makes no sense at all. it will kill jobs. an economy moving towards 10% and unemployment, where the federal reserve board last thursday that we only have four years with no net new jobs, think about that. five years trapped at 8%, 9%, 10% unemployment is no net new jobs -- to further crèche the economy -- on a planet with no net new jobs. -- unemployment with no net new jobs -- to further crash the economy. greta: is this sort of the thinking? >> i do not know what the thinking is. i do know that the administration, at the director of the budget, admitted yesterday that there is $239

billion of deficit in the bill that they are not counting, and that is because theyç are payig the doctors and others. i do know that the director of the congressional budget office testified in the senate that not only is there not anything which only is his bill, itything which will actually raise the cost of health care, and that is the director of the congressional budget office. i do know if you want to create jobs in america -- i am at a press conference tomorrow for american solutions on four major tax cuts -- this is what i find so difficult to understand. if you want to create jobs in america, you want to help small business. well, the very people that are talking about being taxed our small business. greta: health-care reform. you have your program, american solutions. so tell me. what is your solution for american health care? >> we are doing tax cuts for

small business and for economic growth. i also founded the center for health transformation, and nancy desmond is with that, and there is the public policy vice president. three or four quick things. a bomb was just published last friday which is available on- line -- a book was just published last friday called "stop paying the cruxç -- craos s." çlet me give you some examples. a dentist to filed over 900 procedures a day. greta: a computer should pick that one up. >> it is all paper. greta: i got stopped in india when i used my american express three times at the same store. and when i got back here, there was a light on on my telephone that showed me that i used my

american express card three times. >> do you know what that sense? the american government does not run that well. -- do you know what that says? from "the new york times," there is an estimate that 10% of all medicaid in the state is fraud. that is over $4 billion in new york state alone and. set an example. five pizza parlors -- in new york state alone. they get paid. that is called theft, ok? the first point isç you want rl health care reform, how about if we save $70 billion to $120 billion a year, by no longer paying the crçooks. you have to hire a people -- you have to hire people to monitor transactions, and you have to pull up --

greta: they stopped my third transaction in india because they cannot figure out what somebody was buying three things in the store. but the center for medicare and medicaid says they found one case where a doctor had filed for four colonoscopies on the same person in one day. now, my reaction is i certainly hope that is fraught. greta: i was not even going to go there -- i certainly hope that is fraud. >> in the alzheimer's study group and the alzheimer's solution group, which michelle steinberg leads, and we have three nobel prize winners and other nearest scientists who have told us that they believe if we put the right investment in a -- and other scientists who believe they have told us that weç could have a cure between 2020 and 2025. there is a cost of $20 trillion to the government between now and 2050, an enormously painful

also for every family involvgdì+ it is also a big cost to private families. so if we could have a right program and get a breakthrough, we might be able to save $9 or $10 trillion. greta: obviously, i am hunza a little bit on the fact that bill that is so profoundly important -- i am obviously a little bit hung up on that fact. do they feel any sort of moral responsibility to see what is in that bill? >> no. i think the disgrace for small of passing $787 billion of a spending bill without reading it, followed by -- remember, on energy tax, they bought votes in last night and submitted a 300- page amendment at 3:00 in the morning and voted on it at 4:00 in the afternoon, with no one having read it. this one is already 100 pages long. several blue dog democrats went

down to the white house to negotiate today. the white house is trying to figure out to buy them off. my guess is that you may see a 500-page amendment a at 5:00 in the morning next week before they vote at 11:00 in the morning. greta: there is a press conference tomorrow night. they will insist that people treat the weather is good or bad, that they read it. -- they will insist that people read it, whether it is good or bad. >>ç 10 questions the white houe press corps -- i wish he would say three things. i wish he would say, first of all, we are going to slow down. individuals, could be life and death for the country. we should not ram something through that we do not understand that we have not read. first of all, let's slow down and get it done, over the next five or six months, not over the next five or so days. set and, i wish the president

would say he is not going to rely -- second, i wish the present would say it would be genuinely bipartisan. and third, i wish he would take this federal reserve report that says we're going to get no net new jobs for five years and say, faced with that, let's we think our priorities, because our number-one priority should be -- let's rethink our priorities. not after the energy tax and after health and everything. we are at the edge of a really serious problem. greta: a catastrophe. mr. speaker, standby, because speaking of that catastrophe, that is what we will talk about next. also, does president obama wear, quote, "mom jeançs." and now, the president is

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fall session. and millions across asia are gazing skyward to look at the largest eclipse. six minutes 39 seconds and was seen only in asia. çeastern india, the first peak, and then it moved towards the nepal and then towards china. the sun and the earth casteen the moon's shadow on the part of the earth. -- casting the moon's shadow. greta: we are back to former speaker of the house newt gingrich be the catastrophe you are warning us about, what is it? >> part of the national defence speech, i outlined the fact captioned by the national captioning institute --www.ncicap.org-- that you could have a nuclear event. you could have an electromagnetic pulse attack, which is not unusual. you could have a biological attack. you could have a cyber attack,

by taking out the information systems, in large parts of the country, or you could have a breakdown in a form we do understand because some of the science that is developing around the world is not in the united states. we do not know what it is anymore, and might issue is is if you are thinking about -- my vision -- might issue is we want to be safe, prosperous, and free -- my issue. i think we are really underestimating how dangerous the world is. greta: if that is true -- all of those things are terrified, and it makes me want to run down into the basement like in the 1950's and get some canned goods, but how would you do things differently? >> first of all, you have to have a more robust national security and homeland security system, which means you have to control the border and not one that you're undermining every morning. it means you have to think

about a robust missile defense. we also have to think about in a very seriousç way north korea d iran. these two countries are drifting steadily towards becoming much more dangerous. you just came back from india. you look at the situation in pakistan, çand we are focused n iran, which is trying to get nuclear weapons, or north korea, which has two or three, but pakistan has a significant number of nuclear weapons and a relatively unstable country, and there is the fact that we have this terrible dilemma that the more successful we are at stopping terrorist attacks, the easier it is for people to say, "why are you worried?" it is almost like it works. well, there are people around the planet who get up every morning trying to figure out how to kill americans, and the fact that for the last seven years we have been pretty successful stopping them, that should not

kid us. we have been actively trying to stop terrorist attacks on a delete bases worldwide, and my point in the speech was that we have to fundamentally rethink our national defense system. we have to recognize the short- term problem, where i think secretary gates is being a very involved, but we have long-term problems. china is going to be a significant competitor, not an enemy, but asignificant competitor. if we do not find a wealth of new developments and new capabilities, -- if we under fundç these, we could be at a disadvantageous position. we have been amazingly fortunate since 1945. we are the most powerful nation in the world, and that has been good. taking the risk of growing weaker, and taking the risk of

letting other people compete more effectively, means we will be in much greater danger and we will be much less safe, and in an age of the kind of weapons i described to you, that can manifest itself not in military defeats over there. that could manifest itself in a catastrophic event that fundamentally changes american life. greta: the president got up and dealt with these every day of is live, president bush. i assume president obama is doing the same thing, both of them. is there anything profoundly different you would do? , these are not problems that could be solved overnight. >> i would take the electromagnetic pulse problem, for example, very seriously. my friend and co-author just wrote a very good novel called "one second after," which shows you what would happen in a small town in north carolina and if we were attacked with like a giant lightning strike.

it knocks out the electric generators. it knocks out all the lights, and knocks out the television and telephone and does it permanently. if it does not come back. every person depends on it cannotç get any more. every schizophrenic is dependent on drugs and cannot get them. >greta: every breathing machine and every hospital. >> nuclear weapons are real --ç in every hospital. there are people out there tried to figure out how to get a dirty bomb. my only point is we need to have a much more robust security strategy and much more robust, and security strategy, and there is a simple measure. are we controlling the border? if we are not controlling the border, who are we kidding? greta: mr. speaker, thank you, sir. >> great to be with you. greta: up next, the best of the

rest, and, oh, boy. vice president is making news again for something he said in the ukraine. yes, a pub and women can be a risky combination. and president obama got caught wearing "mom jeans." he has a response.

greta: ok, you have seen our top stories, but here is the best of the rest. it must be tough being president. the eyes of the world are always on you. your clothing. president obama is being hammered for wearing "mom jeans" when he threw out the pitch at the all-star game. >> here is my attitude. michelle, she looks fabulous. up until a few years ago, i only had four suits. i hate to shop. those genes are comfortable. -- jeans are comfortable. for those of you what your president to look good in tight jeans, i am sorry i am not the guy. greta: vice president joe biden in the ukraine, meeting with

political leaders, but it is what happens later in the day that caught our eye. vice president obama and the president of the ukraine duct into a local pub and were drinking some coca-cola'sç when the vice president was heard to say that a frenchman had gone home and discovered something, and it was not the most beautiful women in the world. you have the most beautiful women. çyes, they were both drinking coca-cola. and governor mark sanford has been talking and talking and talking about his affair was a woman in argentina. well, today, at his first press conference since he admitted to the affair, governor sandford finally sounded like he may be ready to move on. >> it has been painful. it has been what it is, but it is time to move on, and that is what i intend to do.

greta: well, still ahead, you just heard our interview with secretary of state hillary clinton from mumbai, india. it turns out we missed something very important. but do not worry. jimmy fallon is all over it. you will see it, next.

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in 10 minutes... bzzz! you're flawlessly matched and completely fresh. i feel so much better. live with roots, or get a boost? root touch-up by nice 'n easy. your right color. when morning comes in the middle of the night... rooster crow. ...it affects your entire day. to get a good night's sleep, try 2-layer ambien cr. the first layer dissolves quickly to help you fall asleep. and unlike other sleep aids, a second dissolves slowly to help you stay asleep. when taking ambien cr, don't drive or operate machinery. sleepwalking, and eating or driving while not fully awake with memory loss for the event as well as abnormal behaviors such as being more outgoing or aggressive than normal, confusion, agitation and halluciations may occur. don't take it with alcohol as it may increase these behaviors. allergic reactions such as shortness of breath, swelling of your tongue or throat may occur and in rare cases may be fatal. side effects may include next-day drowsiness, dizziness, and headache. in patients with depression, worsening of depression, including risk of suicide may occur.

if you experience any of these behaviors or reactions contact your doctor immediately. wake up ready for your day-ask your healthcare provider for 2-layer ambien cr. greta: 11:00 is almost here. flash the studio lights. last caller is almost here. hillary clinton was just in india. jimmy fallon has some good news about secretary clinton's trip. >> çsecretary of state hillary clinton announced that the united states will build two nuclear power plants in india, and here is the interesting part. they are going to outsource all of the jobs to america. yes, that is right. finally. greta:ç thanks to jimmy fallon for breaking that story. lights are blinking, and we are closing down shop. we will see you next time. we will see you next time.