providers, if they're going to be paid 30 cents on the dollar, aren't going to be continuing provide benefi benefits. so that scenario is pretty implausible. and we're not capturing a dynamic and a phenomenon that has been advocated by experts on both sides of the aisle that choice and competition actually work to reduce costs, to tame inflation. and so i think it's important to acknowledge that we're not fully capturing a proper analysis of what we achieve to the scenarios which are untenable or we can't measure the full effect of these two alternative scenarios. is that pretty accurate? >> i certainly think we have not provided you with all the information we'd like to provide to help you understand better the trade-offs that we face. let's make sure all of us understand. over the course of the past year, we've worked desperately hard for the secession. even though those were not ultimately voted upon. so i have a team of people who have been doing an awful lot of work on a number of proposals, but it has no doubt slowed our work on the yids that you're discussing. now, what effects we wi

like, creating the job search requirement for everybody collecting federal and state unemployment benefiit. cutting maximum benefit from 93 to 63 weeks in september. the bill gets $15 billion in revenue by raising the amount the federal employees contribute to their pension. the washington area democrats don't like it. >> i have concern about using the federal workforce. >> with the payroll adding to the deficit, fiscal hawk balk at $560 billion transportation and energy bill even though it included provision to speed up construction of keystone pipeline. they were forced to delay action on the bill until the end of the month. some conservatives are worried about cost related to the bill. it's also more challenging to round up support. >> it our leadership desire to have a ban on earmark is positive for integrity purpose but it's made things more difficult. i heard the last transportation bill had 6800 earmarks in it. >> democrats call at it bad bill. >> the house leadership is still scrambling to find the votes to cast what everyone is coming to recognize is the worst transportation aut

. >> bush reelection campaign was based in part off tn the benefi the peaceful end to the cold war. >y you set them free. if we can change the world we can change america. >> free market, a compassionate government and service were key components of the 41st president's agenda. bush clearly agreed this emphasis would include change. >> service to others is a rich source of meaning in life. >> george and i have seen communities gather around parents with a gravely ill child helping them take care of the other children>> president bush began his bid for reelection with approval ratings of 89 percent. >> who do you trust in this election the candidate who raised taxes one time and regrets it or the other candidate who raised taxes and fees 128 times and enjoyed it every time? >> but reversing read my lips no new taxes is one reason why his numbers plummeted to 33 percent. >> i made a bad call on the government's tax increase i underestimated congress' addiction to taxes and with my back against the wall i agreed to a hard bargain. one tax increase one time in return for the toughest spen

the sea lanes open for the free haflow of trade and commerce whh we have for decades inhich they benefi enormously fm an economic standpoint. while at the same time they get very concerned about our relationship building in the region. they think we're trying to hem them in. they think we're trying to contain their influence in the region. they look at our relationship with evaluate numb, wit vietnamh korea and japan and beyond, and feel very strongly that we're trying to somehow hem them in. so in some sense, it's a love-hate relationship. the ft of t matter iwe're both on the world stage. they know that. we've got to forag forge a relationship that not only allows us to get serious about our areas of disagreement which are sometimes quite profound. but we've also got to have the kind of relationship that allows us to identify areas of common cause and areas of common interests and i think those are the very real issues that will sustain the u.s.-china relationship longer term. and allow it to either sank or k or swim. >> charlie: those issues that track scend national borders. when yo

[narrator]af was injurq his young wife faced the daunting task of getting their v-a-a benefi.d tape, there's a lolot of confusion. there's a lot ofof forms to fill out. for years,s, paralyzed vetera' trained expertrts haveve helped injured veterans and their families. we are able to filout all of the forms and apapplications and ask r all of the benefits that veteran's entitd to. you too can lp paralyd veterans. visit p-a dot org. >>> the big game fast approaching. it is time to start of course planning for all those gameday festivities. and here now with his tips on how to make your party scores big is timlaird, america's chief entertaining officer and author of the book "that is entertaining." good, as always, tim, to have you back. and the reason we love you here on "world news now," because you bring an incredible spread every time. and with the super bowl around the corner it is game time, my friend. >> it is game time. >> giants and pats. >> i am so excited about this. it's going to be a great game. and i tell you what, what we know about super bowl -- or big game partie

[narrator]af was injurq his young wife faced the dating task of getting their v-a-a benefi.s to fill out. for years, paralyzedeteranans' trained experts have helped injured veterans and their families. we are able to fill out all of the forms and apapplications and ask for all of the benefits that veteran's entitled to. yoyou too can lp paralyzed veterans. visit p-v-a dot org. >>> well, the seemingly out of nowhere overnight star of the new york knicks, jeremy lin had a big hand in another big win sunday. he scored 28 points, dished out a career-high 14 assists, as the knicks defeated the defending nba champs, the dallas mavericks. meg loves this story. >> i do. i do. there's more to come. and espn's rachel nichols scored a big sit-down with the man who's launched a thousand bad puns like linsanity is and linderel lachlt. here's the linsane interview. >> when was the first time you realized, okay, this isn't just one day on the back of the newspaper, that kind of thing, this is a thing, this is a phenomenon? >> i probably started to realize that maybe five days into it. ever

we had the property counters surging on hopes that this particular secotor would benefi the most fromdditional easing. the topics ix is up. we raised resources tax and that weighed on the resources tax -- the resources second is tore. the hang seng is up 1%. property counters benefiting on hopes of a recovery in this particular sector. elsewhere the taiwan weighted index is up marginally. kospi foreign investors dashing into the market once again 1.3% higher. outperforming in this particular market. the australian market 0.3%. sensex up 0.8% and, ross, hopefully we can hear you this time. >> i hope you can. the german president is the figure head of the company, not the man or the position with power. that is with the german chancellor, angela merkel. so sort of a figure head president the same as you would get in ireland, for example. so not that important in terms of the actual impact on power. as far as stocks are concerned, ahead of the u.s. open, weighted to the upside. ftse 100 is up over 5900. the dexetra dax is up. we've been focusing in on the currency markets, of course, eur

and indeed, one half, a full half of the 10-month extension for unemployment insurance that benefi thee country $15 billion, is financed by cutting compensation for future federal employees. that is a disproportionate share om the federal work force. the federal work force has already contributed over $88 billion to our deficit reduction for the denial of two colas and the proposed cola cut this year and the republan transportation bill would cut another $42 billion from federal employees to finance our national highways. that's a ridiculous approach. federal employees, as mr. hoyer said, are willing to do their fair share to help reduce our deficit, but stop singling them out and making -- singling them out and making them scapegoats. they had nothing to do with the meltdown on wall street and i'm sick and tired of hearing some members of congress badmouthing and belittling federal employees. if i could have an additional 30 seconds, please. mr. hoyer: 30 seconds. mr. van hollen: they are an easy political target for some, as mr. hoyer said. but it is irresponsible to denigrate their

they're the wunones that benefi from the low rate environment, they benefit from the stock market resurgencee to have assets to benefit from low rates, the folks that are compromised are the middle class, that have been debanked and cut out of the credit system. so $2 trillion in tread it lines have been cut since the peak of the credit crisis. and if you don't have credit it's a big adjustment factor in terms of getting used to a noncredit world. 9 0% of americans revolve at least one time a year. revolve their credit card lines, over 50% revolve every single month. so if you're being restricted as what you use as a cash flow vehicle, you have less spending power. so it's somewhat of a, a false indicator to look at consumer spending and say all consumers are doing so much better. you haven't had substantive wage growth and you see the contraction and available credit for mainstream america take real toll. and we forget that home equity, lending fuelled not just student lending, but just almost all lending, because it was the cheapest, most tax-efficient way to borrow. and you've seen 25% of