. >> woodruff: then, ray suarez talks with economists martin feldstein and paul krugman about the super committee's failure to reach a deficit deal. >> brown: hari sreenivasan reports on fledgling businesses being groomed for success. >> back in the '90s, a typical startup had to go out and raise millions of dollars. it's now possible toraise $100,000 or $200,000, and if you're willing to eat ramen, that's enough money to make real progress. >> woodruff: we examine where the republican presidential hopefuls stand on foreign policy issues ahead of tonight's debate. >> brown: and margaret warner looks at a "frontline"/pro publica investigation of the american who helped plot the terror attacks in mumbai three years ago. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> oil companies make huge profits. >> last year, chevron made a lot of money. >> where does it go? >> every penny and more went into bringing energy to the world. >> the economy is tough right now, everywhere. >> we pumped $21 billion into local economies, into sm

believe they would save 95% of >> that's designed to change trillions of dollars of spending and martin feldstein has arguedhat, you know, if you had a capital base galt custom system growth is very substantially increased growth. >> what our global what points reviewed today? >> anybody who wants to could choose a personal system in the savings account. you would build it up over your working lifetime for 14 or 16 and basically the easiest model is you are allowed to put your half of the social security tax and to your own savings account the over half goes to sustain the current system. you look at that and it turns out half the amount of the social security built up over your lifetime comes to to three times. the record of broken galveston and chile. there's no question historic we that over time you do that. we would also keep the guarantee because we would never fall below the social security minimum level. so if you had terrible investment you would still get the tax paid karent. in 40 years they never paid a penny. >> the part time hours would start with cleaning the schools. >> explain th

. >> charlie: smart people sayites -- >> we heard martin feldstein say that at the conference the harvard economist. if you go out into these neighborhoods where people are just in the state of paralysis they don't want to buy anymore appliances, they don't want to buy new cars or to upgrade their home because they're stuck with where they are and until we get some relief of them in some fashion, some kind of long term buyout program that would make the banks take a bit of a hair cut on it, spread the risk of these mortgages. we're going to be stuck in it for a while. there are 20 million homes in peril. >> charlie: when you look at occupy wall street, what do you think? what's your assessment? >> i understand the rage. the qstion i ask myself is so what's the end game here. where do you want to go with this. what is it that you're trying to achieve? i mean i know that you're giving voice to your unhappiness with economic disparity in the country, the fact that wall street got bailed out, continue to pay itself bonuses. but we can't have wall street disappear. this is not like ending the

martin feldstein has argued that if you have a capital-based system, the impact on the economy to economic growth is very substantially increase growth over the next 30 years. >> what are the bullet points of the plant that your architect who is with you today came up with? >> basically, everyone who wants to, starting with the young, but anyone who wanted to, could choose a social security savings account. you could build it up over your working lifetime. if you wanted to work part-time at 14 or 16 -- the easiest model is you are allowed to put your half of the social security tax into your savings account. the other half goes to sustain the current system. when you look at that, it turns up that half the amount you pay to social security comes to two- to-three times the amount. we would also keep a guarantee that you would never fall below the social security minimum level. so, if you had terrible investment luck, and retired at except in the wrong time, you would still get a guarantee. in chile, over 30 years, they have never paid a penny. >> part-time hours with the kids, that would st

the social security plan announced is designed to change trillions of dollars of spending and martin feldstein has argued that, you know, if you had a capital base galt custom system growth is very substantially increased growth. >> what our global what points reviewed today? >> anybody who wants to could choose a personal system in the savings account. you would build it up over your working lifetime for 14 or 16 and basically the easiest model is you are allowed to put your half of the social security tax and to your own savings account the over half goes to sustain the current system. you look at that and it turns out half the amount of the social security built up over your lifetime comes to to three times. the record of broken galveston and chile. there's no question historic we that over time you do that. we would also keep the guarantee because we would never fall below the social security minimum level. so if you had terrible investment you would still get the tax paid karen t. in 40 years they never paid a penny. >> the part time hours would start with cleaning the schools. >> explain

martin feldman -- martin feldstein has argued that if you have a capital-based system the income is to substantial -- the output is it is -- substantially increase in growth. >> what is the plan you have brought forth of your architect today? >> the plan is basically everyone who wanted to could choose a social security savings account. you would build it up over your working lifetime for 14 or 16 and basically the easiest model is you are allowed to put your half of the social security tax and to your own savings account the over half goes to sustain the current system. you look at that and it turns out half the amount of the social security built up over your lifetime comes to to three times. the record of broken galveston and chile. there's no question historic we that over time you do that. we would also keep the guarantee because we would never fall below the social security minimum level. so if you had terrible investment you would still get the tax paid karen t. in 40 years they never paid a penny. >> the part time hours would start with cleaning the schools. >> explain this. >>