that's real disconnect if you see republican leadership working with president obama to raise the budget caps. but it's because some on the right want more military spending or more welfare spending they both get together we raise both. as consequence we have $19 trillion debt. >> dickerson: way to fix that, that disconnect this you'r talklkg about, it seeee pretty bad? >> term limits. really needs to be more turn over in office if you had that all of a sudden people would be more enthuse i think that's why the republican electote is looking g r oututders because they're tired base you cannily of everybody in washington saying we can't do anything. we have the power of the purse we're not using it. we control the house, senate, not using that power. >> dickerson: you mentioned that you said ted cruz is eligible for prime minister of canada but in all seriousness do you think hes not elidible to be president? >> the thing is all experts agree that he was naturally born in canada. so the legal question is, can

and also be considered to be a natural born americaca citizen. that hasn't been decided. eligibility for president is constitutional not statutory no. questionf you were born in canada to your 34078 an american you're a citizen. but they use this unusual language in the constitution of natural born. i think it will be brought up. congressman grey son from florida saying he's going to challenge it in court. democrats will challenge it at the very least and i think have to be decided by the supreme court. >> dickerson: and what happens if it's not. is this -- are you saying voters should see this as impedimenen to ted cruz as being president? gleeks ordinary, if he were the president, he would be the first president not born in the united states. so that alone would be extraordinary. people have to decide for their own minds whether it makes a differencehere someone is born. >> dickerson: this week senate will bring up piece of legislation you're sponsoring on auditing the fed, what does that matter is s regular person?

equality a lot. i think some income and equality related to fed policy. i also think ourp major recession in 2008 was caused by the fed by keeping interest rates below the market rate. the housing boom was stip mu late but then there was no reaction to slowing down housing boom by interest rates raising. interest rates like the price of money, t t price of bread. prices go up and down to give information back. if you're sending wrong information we get into these boom cycles then we have significant busts. during thehe bustt federal reserve bought foreign banks, bought assets of foreign banks. i don't know whether we gave por to own foreign banks. they are still bailing out the banks to tens of billions of dollars, i want to know how they're doing it, who they're giving it to. what assets they hold, whether some are still troubled assets. it'sversight. transparency. it passed in the house with every republican and democrats that's bipartisan.

tuesday in the senate. >> dickersononyour argument if interest r res are not reflective of the actual situation you have this bust that hurts regular folks. >> yeah. what happens is, interest rates are kind of like insulin, you t a big meal, insulin rises then comes down. should be the same for the economy. as economy heats up there's more competition for the money price of intfrest should rise, it slows the economy baba down. but if you keep thee price of money or interest too low keep getting the signal and economy rises without end but eventually it burst in very tragic way like it did in 2008. >> dickerson: good luck out there we'll be right back with our analysis from our political

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>> dickerson: we're back, peggy noonan. jamelle bouie clemve pilitical correspondent and cbs news polititil analyst susan page "usa today's" washington bureau chief. ed o'keefe, covers politics for the "washington post." welcome to all of you susan i want to start with you. the latest in iowa republican side very tight between cruz and trump.

>> cruz has nrow lead. looks m me narrow this morning, cruz has an organization there. and in other states. we don't know if trump has the kind of organization that historically has worked in inging people out to go to the caucuses on cold winter's night. this is a big advantage to ted >> dickerson: trump advantage might be that he brings out all kinds of people bututo they do the work. >> that's right. it's proved to be hard in the past m. times worked for barack obama he turned out lot of new voters in the democratic caucuses in 2008. 's tough. >> dickerson: a lot of talk about third place why might that be important? >> one of those establishment or middle of the road republicans. that person hopes to take that win ororhat third placece showing in iowa and vault into better position in new hampshire where you have now according to this poll this morning 44% of new hampshire republicans are

established guys, rubio, christie, kasich, bush, sorry, four. so many losing count. but in new@hampshire the dynamic is s much more tighterecause you have these three governors especially jeb bush, chris christie, john kasich in circular firing squad inside the larger circular firing squad because only one of them is going to be able to auto marge from new hampshire make the money to the rest of the country let me continue on. >> dickerson: i'll get to that punching match. it was -- getting worse this week. jamelle, the cruz-trump friendship, whatever it was. joint operations has gone away. they are now -- donald trump brought up whether he's eligible. what do you make? this is trump going back to his greatest hits of the attacks on politics he does not like or trust. he sort of brought out the birther question with barack

again. the difference here, i don't think cruz needs to do much to respond because i'm not@ sure how much actual republican voters are taking this seriously. i think cruz well liked enough among, especially conservative republican and evangelicals, come on guys, this is nonsense, it's finin this is not a case as with obama where distrusted, there these accusations that the idea that he is not eligible, that coalescessith bunch of other mistrust and anger to really go further. >> dickerson: i'm going to ask you about competition that is going on in the republican ranks rit now. you have d dald trump and ted cruz you have these establishment characters. i want to put something up that is chairman of the republican party said about donald trump. and is he sasa i'm not one of those people that think donald trump can't win a general election.

cross over appeal there to people that are disengaged politically. thth iss significant because saying, might be okay if he's the nominee. he's saying donald trump will be the destruction of the party. how does this get sorted out? >> we'e' going t t see itorted out over the next very few weeks and months. if trump does wl in iowa, cru wins maybe trump exceeds expectations or possibly trump wins f. trump wins in new hampshire, if trump starts to look like, wow, this could really happen. the establishmentntf the party is going to be forced either to come to terms or to make sounds. that of course will be interesting. what would they do about trump. my sense of republicans on the ground is that more and more of

to the idea of the serious possibility of trump. that's some progress for him. >> dickerson: jamelle, this is not just backi a persoso there's something going on mind trump in "new york times" has story today which they quote someone who says the republicans party has never ne anything for working man like me. even though we voted reeblican for years. mr. trump -- something at one of the rallies. this election is the first in my life where we can change what it means to be a republican. >> it's interesting i think there's a way in whihi the previous establishment republican say trump will detroy the party they are both right. they think trump is appealing to disaffectetewhite workers who believe the republican party is not really spoken to their economic issues. and trump is showing a path how you get those people to the pollll some combination off economic

that's the case, trump becomes the nominee, then traditional republicanism that you see from bush and christie and kay i can, that is -- kasich that means it's dying, its viability is limited as political movement. >> i don't understand how if trump plays by the ruleses gets nominated by winning primaries, or any other establishment republican says he's not legitimate replican nominee. i do think what could happen something that involves one of the gueststshat you had on yourr show. that is paul ryan. i wonder if what you might see happening is establishment republican say trump is the nominee, talk about paul ryan. let's talk about what congress is going to do. you remember what happened in 1996 when establishment republicans decided that bob dole was going to lose and new england start making deals with democratic preside bill clinton it was harmful for dole but decided he was going to lose that election they tried to go in different direction to save the party. i just wonder if we might see that happen this time. >> dickersononeither way it's smart to be talking about poverty.

south carolina yesterday, because i think it does potentially remind the rest of the party that what trump is doing is appealing to thesese lower income americans. 15% of the country is in poverty right now. smart for republican party to talk aboutivity. when they're trying to undo food stamp program all these other things that happens every time they talk about that. but i think you're right. by everything washington based republicans, congress, working on these things. either thehe can find way to score points or at least working on policy decisions while trump is running around the country. >> what's so interesting about this year is that mrs. clinton, on the democratic side, mrs. clinton is the establishment. leader on the republican side is rebuke to the establishment. the establishment using this sloppily in a broadway, is going to have to figure out what to do about this. do we just roll with this? suppose trump brings lot of independence and democrats in

virginia. some of the republican party is in the position of happily letting new people in except they don't like the guy that are coming in. it's reallyy- it's complicated and strange year. >> dickerson: one more complexity, charles is quoted as saying the things i'm passionate about i think this country urgently needs aren't being addressed. he criticized donald trump. that's another part of the establishment with big checkbook. >> i think that quote getsts to the core dill policemen ma here in terms -- like ideological factions. the kind of reaganesque consvatism t tt has b bn dominant in the party since reagan is being directly challenged by trump. viable electoral coalition if ump can assemble it. i'm not sure by going paul ryan in washington that is a fix

both republicans you have paul ryan representing fundamentally different kind ever conservatism that trummp would b b representing. >> and some of the independence and democrats trump seems to be drawing in a little bit have reagan democrat feel to them. do you know wpat i mean? they are catholic, working class, this is a big jumble. i think this year we found our old categories don't quite encompass. >> dickerson: the democrats quickly. susan, tightening, what do you think from hillary clinton is she more worried about new e-mail revelations or that bernie sanders. >> i think more word reabout bernie sanders. who would have thought when bernie sanders announced that three weeks out from iowa it would be mgin of error race in iowa and new hampshire. u know, hillary clinton has 20 point lead nationwide. but, man, the momentum can really shift, we've seen that before. if bernie sanders managed to win io and new hampshire thehe

in good position. to her support of african american voters. this is a kind of thing that could reinforcsome of the concns some democrats have about hillary clinton's appeal. this is going to be fun, too. >> dickerson: i think what is most interesting that she still refuses to take on trump f. she has been paying attention to the republican race at all in the last few months she should know that sooner you respond the better. jeb bush is probably the best example of that. he let it wallow for too long, we know where he is now. i just think that if these attacks continue on bill clinton's character whether or not she was associated with it or allowed it to fester that could be vulnerability for her. many kelp crcre can voters down the line will see that as potential weakness. >> i agree. >> that settles it. dickerson: we'll end the show early. you've solved it all. take on donald trump means that these questions of the past are

knows how to fight tough and at street level is it wise for her to take him on these questions? >> first of all i'm surprised that she was surprised that he took her on. she went at him, you're a sexist, he said, i'm a sectionist, look what you've done to women. he's famous for -- also he said, you, too, enabling, being part of his drama. he's famous from giving you a hard fight. you do have to answer him sternly and definitively one of the things we'll find out in the coming week is whether ted cruz can really put to bed this rather misievous issue about whether or not he's a u.s. citizen, which cruru-- which trump brought forward because cruz is -- >> dickerson: where she shows the republicans says who is one

she's running on electability. is that her root to the nomination or attack on gun control that she's made on sanders? >> i think combination of the two is going to be best positioned. at least in state like iowa. which is our democrats are more liberal than democrats tionally. on the whole, i think very strong bernie challenge, surprisingly strong bernie challenge is the best thing that can happen. part of clinton's problem is perception that this is going to be coronation. and we can already see these sort of riffs between bernie starters and dmc and bernie wins iowa, if bernie wins new hampshire then we havav this drawn out tough race for the nomination, clinton wins, that in itself convey legitimacy. >> best thing that can happen if she wins. >> if she wins. injured we'll l ve to end it there. thanks to all of you. we'll be right back with more of

ryan on the issue of poverty. announcer: you taught him how to hit a baseball. how to hit a receiver. the strike zozo. the net. you taught him how to hit the upper corner. you even taught him how to hit the open man. but how much time have you spent teaching him... what not to hit? 'cause you'll be in my heart

from this day on now and forevermore... narrator: if animals are our best friends, shouldn't we be theirs? visit your local sheheer, adopt a pet. you'll be in my heart no matter what... cbs cares. woman: in a one-year span, i counted over 100 blood transfusions. that whole experience, lindsey's experience, changed our whole lives. just changed our outlook on everything. [ laughter ] sometimes you take things for granted that you shouldn't. we all do that, but... wow, we don't do that muchnymore. >> dickerson: we're back with

who hosted a conversation about poverty with republican presidential candidates yesterday. let me ask you philosophical question, hubert humphrey used to say the strength of the american economy is best judged by the weakness of any section or any p pson or any part. do you agree with that? >> yeah, i think there's something to that. i'm not a big hubert humphrey fan. i do, i think -- lel me give you another democrat jack kennedy rising tide lifts all boats. that's true, with poverty we're finding deep and persistent chronic poverty. we have -- over 50 years in the war on poverty. had 80 new programs. 80 programs created since then at the federal level spending trillions of dollars but have stalemate on our hands. we have a safety net that tries to catch people from falling into poverty but we don'tave one that helps get people out of poporty. we're actually treating the symptoms of poverty and perpetuating poverty we need to break that cycle.

of poverty measure success not based on input and efforts but on outcomes and results. get people out of poverty. >> dickerson: that what you mean by reintegrated? >> yes. not to get into statistics, the rates are awful. we haven't seeee these since like the carter years. what that means is, able-bodied adults aren't working or aren't looking for work, they're on the sidelines. we've got to get them back into the economy. for two reasons. they share their talents with us, the rest of the society we benefit from them sharing their talents they get their lives back together. that kind of injection n human rekay tift, of work, of energy, that helps everybody. that helps the economy. that lowers the crime rate, that lowers the drug rate. thatatelps get economy and society going. yeah, that's what we should be pushing for. >> dickerson: you want folks to work, more work requirements for benefits. what progressives will say, lot of the poor have jobs and s so whatats required seems to help

schedule, paid sick leave. medical leave to keep them in the job so that they can keep those jobs. i don't wanant too keep people in dead end jobs or jobs that keep them in poverty. i want people to be able to get the skills they need to get better jobs. ih want people to have the ability to get on the escalator of upward mobility which is slowing down in america. we got to get them the skills they need. that's not just a job that might be many different kinds ever problems that people are experiencing. but if wee thihi all the wisdoms in washington, if we're telling our fellow citizens pay your taxes, government will fix poverty, washington got bureaucracy that will take care of this.s. that's what we've been doing for 50 years. if we say, you, each and everyone ever us in america needs to get involved. so that we can in our communies help a person, i we can remove those barriers that are making harder for people to rise. and get economic growth that is growing the economy everywhere. then we can reignite the enthusiasm for the american idea. the american dream.

instead of treating the symptoms of poverty so people can tolerate it more, let's get them out of poverty. i think what the left ends up doing they speak to people as if they're stuck in their current station in life and government here to help them cope withh it. we should reject that. we want to help people get out of the fix they're in get on to a better life so that they can meet potential and flourish. there will be differences in people's lives that's okay. that's what t ee society has. >> dickerson: let me ask you about the phrase, takers you once referred to those who receive benefits, takers you letter apologized. >> i was wrong. is. >> dickerson: it's interesting you seem to be saying, be careful about the words you use. in the presidential campaign right now that would be called political correctness. >> i think i was wrong. when you do something that is wrong you should call to it. people who go on government 'streets tans, people on government benefits, sure, some people are going to exploit the system. someeople are choosing to just live on the d de not work because they prefer that.

it. most people don't want to be poor. most people don't want to be depevdent. if we speak as if erybody is in this category that's wrong. so that's what i d. i was wrong to do that. so that's why i think we need to respect people for the ambitions anangoals of the dreams that they actually have then help facilitate their access it to. i think political correctness has gone way overboard, that's the new thing in the campaign which i thinis great. but let's just b accurate. let's be right. let's not be -- not have populism that is unattached from our principles. >> dickerson: we'll be right back. hit. the orders were rushing in. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term funding fast. building 18 homes in 4 months? that was a leap. t i knew i could rely on american express to help me buy those building materials. amex helped me buy the inventory i needed. our amex helped us fill the orders. just like that. another step on the journey.

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