as taboo anymore we have to talk in realistic terms and realize that i agree the fault just may happen and it would be an orderly. orderly default and if there even such a thing as that it's not a unilateral default it's not that suddenly. things overcome greece germany balts suddenly they are. we can't pay their bills we would have thought they would get on board of course what he's trying to say is that they have a ploy for the thought that they are prepared for the default and that they restructure it in a fashion that minimizes the damage to all the other countries that potentially could befall this world is the plan to allow greece to stay in the euro zone and default within it or to take it out and then let it let it flow that's the question i think it's definitely to let it stay in the eurozone because basically the german the german mentality is that you know we're seen as we have been seen as the bad guy in the past we want cohesion within within your own lives and that means that

we're willing to go the extra mile to make sure that we're not perceived as the bad guy kicking about other countries and so forth so will try to continue to go the extra mile the reason they've had these bailouts is because germany has been trying to do that in partially in part also because they want to save their bags and so you know now that it's obvious that it just can't be done anymore they're going to go the next step which is going to do the hard restructuring we're going to take this default we're going to have our basically recapitalize as a result of that we'll see if we can work this out without having to worry about you know portugal spain italy ireland and so forth ok so now if it's not a matter of if but when if this is definitely going to happen then do you think the markets are not reacting enough or anything about this argument that we have this sort of bailout mentality that's left with us since two thousand and eight right because everything got bailed out you could say the depression was averted for a while how do investors on radically assume that there's going to. the way out of

it everything is going to be too big to fail that's never happened what i think it's what i call you oh there's a huge. range of policy options that are there no one really knows what's going to happen because it's such a political game the economy really goes out to the economy in europe because of bad things happen in europe to go to a double everyone's the economy is going to spiral down there's going to be a lot of fatigue from people they're going to say you know we're going to build these guys up because we have to worry about ourselves and the whole thing will spiral out of control so i think that's a realistic scenario i think that you know investors are just tell you that but how can the you know it's sort of like e.o. either stocks are worth so they're worth what. how do you how do you play that so they split the difference in the middle so i think that's where we are we're sort of in this this pre era were you know are they going to step it in some way or they just go let things fall apart in the really knows what do you have any predictions

as to you know how long you think there might be and we said five years seems like a very generous estimate when my interest i think that they're going to for this year definitely by the next year but probably this year's world or hard restructuring that is there would definitely be in my opinion a restructuring that's for greece within the euro zone the euro zone which is going to see what they can do to make sure portugal and ireland meet their austerity targets and that speed a little it builds your spiral out of control that's where the rubber hits the road right now speed of italy because they're not in any sort of austerity programs that are administered by the ira they're basically. unless the european central bank keeps on buying up their bonds you know bad things going to happen there is work let's talk about. as you mentioned spain of course and only talk about america and it's not like we're going to come off unscathed if and when this happens of course elf. you know which banks of ours i guess you could say are at most risk as exactly

how exactly will you know i think it's not just about europe it's also about the united states from my perspective looking principally at the fallout you know when the economy goes down all these economies are over leveraged you know you look at all of the property bubbles like britain ireland spain in the united states we still have huge number of foreclosed properties or shadow foreclosures those have not been written with the economy goes down suddenly those losses will be crystallized these banks their equity capital will be eroded they will be able to live the whole things with spirals as a result so that's really what we have to consider that's sort of the negative scenario where you pile this other stuff on top of it as well you know it becomes even more of a problem piles piles pile that doesn't sound like very much fun but. again are people going to start looking to the fabulous i think the fed is going to have the magic take it to be able to to help us out that's all you got through it. is that

people are to start saying get in there get in there get in there people are already saying that right now let's get with the qualitative easy and start putting some liquidity into the markets the further behind it even to. wasn't very good example now wasn't how much credibility is that they could have left if they actually do go for three one of the one of the governors a big fish or of dollars was saying that you know if the fair trials are allowed to go we're going to lose all credibility so there's a lot of play but on both sides you have people like rick perry whose campaign who said it would be treasonous if he were do q e three so they have to play this sort of political game between the people are saying more stimulus of the people are saying knows that was at all they're going to cut the difference and so were my opinion is that they're going to cut the difference in a way that is girl allowed me to go down further. they're going to be forced to

and the cause will be there for them to do so to really we're in a vigorous world i think the fed will get in there but by the sort of the negative scenarios will sort of the only when it gets even worse is the fact that i finally started doing something out really quickly bank of america. big america said if they can shed thirty thousand jobs we know that warren buffet decided recently to invest more money but it's not a bank that should fail at this point. why wouldn't talk about public companies in the way that they should fail first. i think that they're opaque all these large these large banks really they're a black box would i have been able to say that lehman brothers had one hundred fifty billion dollars. before they feel we don't really know how those who are marked are dating america all we do know is that there are new capital. they need to cut their costs in order to raise more capital to have enough capital

because if the economy goes down they are the big banks are probably the first to the black box i guess the rest of us are still have to sit around and wait thanks so much for joining us tonight. coming up next we have our monday edition of you said i read it i am a hot button issue here that's immigration it's not going to focus on illegal immigration and why should be a big boost for job creation that's. into that only a military mechanisms to do that would come to bring justice or accountability to. the i have every right to know what my government should do if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism.

you know sometimes you see a story and it seems so for like sleep is that you understand it and then he glimpse something else here sees some other part of it and realize that everything is off if you don't i'm trying hard look at the big picture. let's not forget that we had an apartheid regime right. i think iraq is beautiful and wanted well. whenever the government says they're for keeping safe get ready because you're looking for freedom.

for a few. part of time for you said it i read it right in time to respond to my brilliance engaging viewer comments on facebook twitter and you tube because when you've got something to say i miss it now of course i want to take a moment to read some of the responses that we received from my fireside friday

which aired last week about the nine eleven generation now i gave my personal account and many of you responded with your own so here's some of those personal stories from our viewers who are also part of that same generation brooklyn jew seven said our generation basically has grown up with nothing but war and politics on our mind are basically used to it so many people have stopped caring about the lives lost every day. twenty six said amen i barely remember what life was like for nine eleven as i'm not much older than a loner i'm twenty eight was just starting my senior year in high school that tragic day so all six o four said i was just starting grade eleven when the nine eleven attacks happened and jamila three sixteen said was twenty years old and then why p.t. auxiliary police lucky for me i got to the world trade center ten minutes late i would not be watching this video today and i stick the six said alona you know how to hit a home every time i was eleven when nine eleven went down just old enough to start to remember and notice the changes that happened ever since and i gotta say it's been a pretty bad decade overall

a sea of gold says i was ten years old on nine eleven two thousand and one i remember the night before i asked my dad what the tallest building in new york was he guessed empire state building i told him he was wrong and the world trade center was the tallest september eleventh was a tuesday as ours. itself was a normal school day until the bus ride home and i heard about the attacks when i got home i saw the buildings fall on t.v. repeatedly suddenly my dad was right but a tragic and scary day i want to thank everybody for your thoughtful responses and we encourage you to keep telling your stories we like hearing that and i want to move on to our next topic last week we spoke with an aspiring of the young turks about the obama administration's dismal record on civil liberties and david kennedy responded on facebook saying one of the main reasons i won't be voting for obama this time he has done nothing to fix this huge problem and unfortunately our through the obama administration has fully embraced the bush administration's crackdown on civil liberties in the wake of nine eleven and in fact taken it much further despite promises from the president during the campaign to do otherwise we

heard speech after speech of obama where he said he believes you can respect the law and he'd american state and yet he hasn't acted on those words his ministration is even taking the war on terror to new levels putting the first american citizen on the cia kill list and expanding the use of drones in both frequency and number of countries that they're being used in and finally jna the song goes your zero zero said are you too alone or let me get you pregnant i'll pay day child support with no problem. now i thank you for your generous offer i'm going to have to politely decline and they have been back with a more of the ranting later in the week. now just a short while back we told you that the state of florida signed a law that would require mandatory drug testing for welfare recipients now we're going to shift our focus to missouri where a technical college is starting their own a mandatory drug testing program for their students. state technical college is a two year public school and it's required all incoming students starting this year

to submit a urine sample. that's right if you're a new student at linn state technical college or student is returning after an extended period of time you are required to take a drug test and the drug test will take place five to ten days after the semester begins and the policy explains that if a student does test positive for drugs i have a second chance to take the test forty five days later without being expelled from school if you test look for a wide range of narcotics in an individual system those include marijuana cocaine methamphetamine soapie it's p.c.p. and oxycontin and the test will also be the financial responsibility of the students there to be forced to shell out fifty dollars for that first test and if they fail it will cost another thirty five to be retested nowlin state says of this new rule is in place to deter drug use among students but on the same page of the handbook it also says we do not believe the l.t. s.c. has any greater student drug issue than other colleges but we do differ in our mission and teaching environment and as you can imagine groups like the a.c.l.u.

claim that this move by the state college is a clear violation of a student's fourth amendment rights they also point out that simply teaching about substance abuse is a method that most other american institution use to prepare students for the real world not necessarily a physical test placed on everyone ellyn states the first college in the country to make this a requirement for their students a lot of people are wondering if this might become the norm across the us or might the courts rule in favor of protecting student privacy and fourth amendment rights i guess only time will tell but in the meantime not only are these students being forced to take the test they're being forced to shell out the cash for themselves so much for a little understanding during a recession. well last week's g.o.p. presidential debate we heard a lot about immigration policy actually less so policy more about building a gigantic fence is going to keep everybody out but there was another interesting element it was something that played during the commercials but you might have missed take a look at what supposedly the real problem one million illegal immigrants in

temporary workers or government admits every year they take good jobs in places like california no matter how many californians are out of work now you know the economy gets we need to slow legal immigration so california is working again. illegal immigration is a problem that's a new one and that could be more wrong why not bring more skilled workers in the same legal immigrants and create businesses and in turn create jobs and why is that something that you won't hear at the debates including the tea party debate that's taking place tonight and discuss this with state policy analyst at the competitive enterprise institute alex thanks so much for joining us tonight thanks for having me now for starters i have you seen stuff like this before i haven't seen any campaigns that are anti illegal immigration i think that was my first experience actually the three main anti immigration groups united states the federation for american immigration reform center for immigration studies caps as well as

a number of us they are all rabidly anti immigrant across the board and they say this on their web site they say they're not only against illegal immigration but they're against legal immigration they want to bring down immigration down to levels of less than two hundred fifty thousand a year or even lower mark a korean who's head of the center for immigration studies the subtitle of his book the case that is against the case against immigration both legal and illegal so they really don't make any secret about it ok so let's talk about what they're actually arguing for if they're using california as an example right there saying we need to wait until california is ok which you know is when california's financial disaster is going to be taken care of until we can bring more legal immigrants in but if we look at silicon valley right how many of these startups were actually created by these skilled immigrants that came in on some of these visas well i mean it depends on the type of starter but you're talking about somewhere between about a third and roughly more than half of all the tech startups in silicon valley were founded by foreigners either here on work visas or here on green cards or people

who had already gotten their citizenship so certain a brand is a great example but you know he is a russian immigrants he came to the united states as a refugee as a child and he co-founded google now where we're doing right now with all google where would silicon valley be but california you know the type industry is in the eye. anyone there and it's dominated by immigrants let's talk about agriculture i mean the whole central part of the state is i or cultural heavy and that's mainly foreign workers let's talk about hollywood i mean all the major studios were started by foreigners a lot of eastern european and central european jews who came over here to start businesses let's talk about the construction industry i mean that's heavily dominated by immigrants so the four largest and thriving industries in california are dominated by foreign born workers both workers and entrepreneurs so those ads really don't know what they're talking about when it comes to economic now has it become more difficult over the you know over the years over the decades and you talk about some of the processes some of these are the these are how hard is it to

get one of those these days it's tough and it's getting tougher unfortunately last year the obama administration signed into law provisions that increase their fees and increase the restrictions and regulations on firms that hire h one b. is story saying that fees like how much money do you have to shell out it depends on the type of worker and other characteristics but between about six thousand and one thousand dollars per worker and that's just for the paperwork that's not even for for the fancy lawyers that you need probably to get out here and i mean some of the lawyers on top of that will cost us several thousand dollars more it depends on the particular circumstance but you can see fees for some workers who are thirty thousand dollars or more are really specialty workers from countries where there's a lot of rules and regulations so it just seems that you know we're talking about job creation right we have the president laying out a jobs plan for the future we're talking about the need for more small businesses companies that are actually going to hire i don't understand why the attitudes have changed so much why the rhetoric is so so negative here and i actually want to show you a clip this is something from a debate between ronald reagan and george bush sr just to really show how much the

discussion has changed over the years take a look at this. because with this we would kind of really sometimes the labor that i would like to see that we were doing two things we're creating a society of. really honorable decent family robbing people here in violation of the law and secondly we're exacerbating relations with mexico. the answer your question is much more fundamental than whether they are ten houston schools it seems to me i don't want to see if they're living here i don't want to see over think a six and eight year old kids being you know was totally out it's ok neighbor feel that they're living with their outside the law let's address ourselves to the fundamental ok so that was a republican debate back in the day and the original question they have been asked there is whether he thought that the children of illegal immigrants should have to pay to attend public schools and he's saying it's much bigger issue than all of

that right and i just seems like such a such a logical approach that a human mystic approach to realize that these are people who we need to figure out how to birth them into our system how has it changed so much for us the reason republican debate it's all about building a fence not just zap everybody and keep them out it really is i think it's also just a symptom of the poor economic times that we have i mean think about the people that you can blame for your troubles as a politician and not face any fallout or foreigners you blame china you blame trade and you blame immigrants people who don't vote and don't have a say in the electoral process i mean this has been going back over one hundred years in american history even longer i mean you read the tracks written about the italian immigrants in jewish immigrants back in the early twentieth century or even worse than what we're hearing nowadays so it's really just a symptom of blame the foreigner for any problems that happen and it's really unfortunate because immigration is not charity and the grand h one b. visas e.b. five visas all different types of visas really help america if you come wealthy now if you had to take a wild guess tonight there is a c.n.n.

tea party republican debate i'm already getting the model there somebody debates but do you think that when they bring up immigration anyone is going to talk about the need for more. even five these is like you said for more skilled labor to come over romney has the times in the past talked about the need for the. and what's ironic is rick perry before he decided to start running for president five or six months ago i prior to that was one of the most one of the best pro-immigration governors around i mean when arizona passed this law last year that one of the first people who commented on it was him saying this type of law is not right for texas so i think we could be surprised by that but you know the remains to be seen if the last debate is any indication of this republic. thanks so much for joining us tonight and i guess i will find out i watched it well thank you. still ahead gays are more dangerous for us than terrorists. i'm award and having our.

children plus of the girls have a special night in the back for more interest not. to go we're going to bring justice and accountability. i have a right to know what my government you want to know why i think actually. i would characterize obama as a charismatic. of american exceptionalism. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else here's some other part of it and realize that everything. i'm trying hard.

let's not forget that we are in the park. well. we never got to hear her say so get ready for the.

kind of traffic nights tool time award i thought to go to oklahoma state lawmaker sally current and they're putting congresswoman as a hard line conservative and an outspoken critic of homosexuality she's got a new book coming out in titled the stoning of sally current now in the book sally makes the claim that there is a liberal attack going on here in the u.s. against christian conservatism now sounds to me like sally is a little paranoid here i bet that she believes that war on christmas that fox news bush is every year now out promoting this book she was asked about comments that she made in two thousand and eight when she made the claim that homosexuality posed

posed a more immediate threat to the u.s. than terrorist attacks now listen as she doubled down on that ridiculous claim. which he destroyed and ended the lives of more people. attack here in america or hiv aids ok in the last twenty years between the twenty years we've had made three terrorist attacks on our story with a little over five thousand people regrettably losing their lives in the same kind trained european hundred thousand who have died because of. having aids which was the biggest threat. now keep in mind sally was making that statement just days before the us pause to remember the september eleventh attacks let's you explain a little bit here in my view thinking what's the big deal if she is talking about a serious problem eight idea aides are in america right. exactly it's more along

the lines of there are gay people everywhere and that's why we have aids id and aids and the more gay people are told not to see a real life or on t.v. the more aids are the eggs there will be every day our young people adults too but it specially our young people are bombarded at school in movies in music on t.v. in the mall in magazines they're bombarded with homosexuality is normal and natural it's something they have to deal with every day fortunately we don't have to deal with it here's the catch every day. yeah sally really see the south use now listen to her last comments in this interview a why she is so scared for homosexuality here in america. we were founded as a nation upon the principles of religion and morality if we take those out from under our society we will lose what has made us a great nation we will no longer be

a virtuous people which we see happening already and with out her cutest nation will not survive. now in case you didn't catch the last part there she said this nation will not survive who gave people the power to bring down the united states of america and the truth is that they don't this is just the rambling and rantings of a homophobic woman trying to sell a few books to line her pockets but the sad part is that she'll probably make a few bucks off of people who believe the garbage that she's peddling sorry but taking something that's a serious public health issue blaming it on one side of the population and then comparing that to terrorism that's just low not to mention psycho so that's why tonight we're giving oklahoma state lawmaker sally kern our tool time award. you know it's time for happy hour tonight and joining me this evening is archie producer jenny churchill and jim hansen retired special operations master sergeant

and military blogger at black dot net thanks for joining me guys now ok so of course we saw a lot of commemoration we saw the ceremonies of ground zero this weekend to remember nine eleven but we also saw some possible threats that attack you know first there was saying that the there might be some kind of action by al qaeda some kind of retaliation or touring to get us to remember nine eleven and then we also saw that there was something going on on airplanes that was really really frightening take a look. the american airlines flight from los angeles to new york was accompanied to the ground by two f. sixteen fighter jets after air marshals onboard the plane reported strange behavior by three men who were coming and going from the bathroom turns out that's all they were doing and they were questioned and released and everybody else on the plane was like oh. turns out they were just coming and going from the bathroom now there was actually two incidents right there was one with people just coming going about

the room one where they think some people were just making out in the bathroom and you had to get f. sixteen fighter jets around the plane i mean this is what i would call an overreaction this is so coming to fear i think it was those gay people that crazy oklahoma congress lady was talking about oh trying to bring down the plane you know in the mirror and i think clearly i'm going to sally kern a direct threat on national security and you knock her over it but i mean it's a little ridiculous you guys write all of that i understand it's nine eleven i understand they wanted to make a lot of security measures you know i flew yesterday but security just seemed fine to me but people are just going to go into the bathroom when are you sometimes going to go it's a bathroom and you're on a plane and. it's just ridiculous to me i mean i don't really honestly know it to say about this other than the fact you were clearly jittery yesterday i do think it was a little ridiculous that fourteen people making out in a bathroom they caught in fighter jets and a plane with them as.