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i imagine you can find it at the aei web site. guest: also aie.org. we need the traffic. host: good morning. gerry, a teacher in randolph, new jersey. you are on the "washington journal." caller: i work for a major corporation for 25 years in new jersey. i had marvelous benefits. i had a whopping salaries and in 2002, i decided to go into teaching because i wanted to. now it is 2011 and i am making 50% less today than i made in 2002 for a major corporation. yes, i have nice benefits in teaching but you said you don't count the hours because not everybody. is the everybody is the same. i get up to 6:00 in the morning and prepare for the day and i leave school at 6:00 at night and bring papers home to grade. i am not done until 10:00 at night at 50% less than what i made in 2002. i make $50,000 now. i made $102,000 then. you say that teachers make more. i have never worked so hard in my life and i do because i want to do it. it is because i want to educate and help children and watch them grow. host: before we get a response, tell us about the private sector job and what su

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. >> customers pull out their money 8 i m a a @merican. aei m anmerica ji i am an amer mniecan.y i amn americ." .am an err4ican. i am an ameran!o. rñamy an amicran. aana american. i l i a @m anme1rin.m] rh..ñu ;Ñ eiv...r0 i... ;] ""am,3.÷ .anfmeacaren. ñk i am an american. zei am an ericané& i ad-mericae )oi aam0erica. b voi: : am0 an erericaá voe: i axm an ameran . (oi aan arikxcaun >> in tonight's headlines, the same transmission line that exploded in last year's deadly san bruno disaster has failed a water pressure test. today it burst in woodside sending mud and debris on northbound 280. this is the third failure pg&e has found during tests in the past two weeks. >>> and a shooter near fisherman's wharf as police found him lying on taylor street around 6:30 and investigators are still trying to figure out what happened. >> >>> and occupy oakland. he says he suffered a lacerated kidney and a broken foot. now he wants to know why the driver was not arrested. oakland police say they are still investigating. >>> now to the banking bash lash as hundreds of americans cashed out like th

i also want to thank other friends at aei. kevin, norm, and arthur brooks, i continue to want to seek your help and guidance. mark has provided me a lot of guidance. he has had a lot of late nights over the last several months. alex mentioned by four months on the so-called super committee, which in fact, i found to be not so super much of the time. but it was incredibly important experience to have, because through it, we learned a lot about how we can move forward, even though the super committee was not successful. one positive aspect was i got an avalanche of good ideas. at the start of the process, i set up on my website a forum for zero violins to give us ideas on deficit-reduction. -- a forum for ohioans to give us ideas on deficit reduction. a lot of good, common sense ideas, including changing unemployment in a bid to incentivize hiring, reforming fannie mae and freddie mac, a tax credit for seniors to continue working and choose to forgo medicare and social security. as you can see, these were good, substantial ideas

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aei m mericas !/'s 0 i aanf name is special to me. more excited to get a win and finish out the regular season in the right way. >> the only thing i can say now is he's the best player in college football, the best -- one of the best people in -- on the planet and he carries him as a stanford man should. >> mike: stanford needed oregon state to beat oregon for any shot at the pac-12 championship. it's dump to stevenson and i think he's got a little space there. 58-yard touchdown. game tied at 7. ducks, strike back. 21 unanswered points. thomas to hallston. 14-7. 30 seconds left. thomas, third touchdown of the game. oregon offense 394-yard in the first half. ducks win and host ucla on friday. >> go to fresno. the spartans looking to run away with their win the the season finale. down 10-0 in the first. rat least to the end zone. spartans down 3. rutley only 58 yards. faulkner, 363 passing yards sets up this beauty by faulkner to griggsby. spartans win 27-24. finished 5-7 after winning just one game. >> alabama ho

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. >> some of the questions from the people at heritage and aei who co-sponsored the debate. the median narrative, eleanor, is that this humane answer on gingrich's point of grimds is going to kill him with grassroots conservatives. i think it gets him nice notices from the media elite who think his position is reasonable. >> right. it violates ideological purity on the right. if ideological purity is what newt gingrich is about, he can't survive. he's not pure on -- in so many cases. this was a realistic answer. and i think it shows that he's not willing to change his positions to pander -- >> does he get points for candor or non-pandering or recognizing reality from people in the journalism business if not from people who are going to necessarily vote in the republican primaries? does the press like what he did? >> the press liked what he did, yes. and i think the press was appalled at mitt romney's scrambling to get to newt gingrich's right. what kind of world do we live in? >> now, do journalists also like it, danielle, when a politician -- we saw this with bill clinton i

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the aei's edward pinto says the foreclosure rate is higher than average. >> they now have over a trillionmortgages that they guarantee. they have got 635,000 of them are seriously delinquent. and that's about almost 9% of all of their loans that they ensure are currently seriously delinquent and will have very large losses. >> now, experts say without the fha loan guarantees. houses prices would have fallen even farther and more people would owe more than their homes are worth, shepard. >> shepard: wendell, two other bailed out agencies of that sort also came under fire today on capitol hill. >> fannie and freddie, the biggest. under fire for bonuses being paid to their top executives, tens of millions of dollars. basically of taxpayer money since the two organizations got $182 billion in taxpayer bailouts. now, the executives who made the bad calls that have got them in trouble are gone. some lawmakers want to put the new executives on a government pay scale. the conservativer says he would never be able to hire people smart enough to sort things out. >> others may believe that this sort

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in fact, can you even look some of my colleagues at aei put out a plan to fix it that does have the percentage of revenue to gdp going up a little less than 20%, but i think the republicans recognize that, too, but what's going on right now is politics, it's disappointing, and i agree with bob that maybe next year is when we can finally see something. republicans as we saw in the 86 act and as we saw at least in some of the smoke signals coming out of this not very aptly named super committee, the republicans were willing to broaden the base and get more revenues that way as long as rates didn't go up and the democrats didn't let them do that because they view in this really terrible economy, which is maybe partly their view, they view going into the next election that their best political opportunity is to pillory the republicans as these dangerous radicals who would destroy the country rather than lift the magical tax rate, and i think that they wanted the super committee to fail for that reason, and that's really why it fail. i never in my life thought that we would see such a golden opport

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