inflection point, where we are, at the moment of truth where we keep running this up we're asking amecans you want the total to be more than that. essentially we've become a total welfare country, a total welfare state unless somehow the american public puts their foot down, government won't do it. >> what i don't like about it, it does put it in a darkly human maybe selfish conscious, this is our shar to folks abroad. >> just to folks abroad. but two-thirds of our debt is held by. >> we owe ourselves. you figure you owe it yourself -- well, i'm not going to say it. this i have to pay. >> and what you have to pay back. good point, but in order to fix it people are going to have to give up something, whetr it's some tax break, whether it's spending on certain things that they love, when is the day going to arrive that people are willing to d that? maybe it is this year, i thought it was two years ago, that there would be something different and frankly, even with a lot of the the tea party candidates moving in, we dn't see that much movement when trying to fix our financial situation in d.

whirlpool is benefiting from the recovery in the housing market as amecans are taking on more home improvementjects. diane eastabrook takes a look aa how that pick-up in housing is spreading to her parts of the economy as wellpa >> reporter: it looks like home sales are finally out of the dog house. with mortgage rates at historic lowshousing starts haveus reached their highest levels in four years. wells fargo housing economist richard dekaser says housing currently comprises only about 2.5% of u.s. gross domestic product, but as it improves, he thinks it will have a dramatic influence on the economy. >> people go out and they buy new homes, and ey purchase various kinds of merchandise furniture and appliancesnfor instance.nc that has a ripple effect which makes its way into the broader economy, and ultimately this has a powerfueffect on overall macro-economic growth. >> reporter: that's already beginning to happen for home improvement chains like home depot and lowes. the stocks of both companies have been tracking improvementr in the housing market for several months. >> what we are seeing

if we were to raise our taxes, that would mean raising the taxes on the average amecan by 50%. thank you for figuringll this out. it is great to have you on the show. next, voters in michigan could help liven up what the president could be in for. a little stickerer shock in november. and the ladies are boring for and the ladies are boring for justin biebery. but because of business people like you, things are beginning to get rolling. and regis is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. ♪ [ male announcer ] it was designed to escape the ordinar it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ neil: don't count michin out when the numbers come down to the president's polling. dead even. according to ceo mike jackson, we would like to know what he makes of this presidential campaign. you would think that a state that benefits from the auto bailout is not d

vanta point* giving us a picture much the same with the state department was seeing as those four amecans were killed. next day jay carney tells a different story. that it is "self-evident what happened and benghazi was a terrorist attack. suddenly was self-evident and suddenly a terrorist atck. but then a bomb ahd is on s words in the interview with the new vision. >> the white house said today it was a terrorist attacks. >> we're still doing an investigation. i don want to speak to something until we have all of theinformation. we don't know yet. lou: the next day secretary clinton states unequivocably the events were a terrorist attack that the mysteries and had known nearly two weeks. >> what happened in benghazi was a terrorist attack. we wll not rest until we trk down and bring to justice the terrorist to murdered four americans. lou: three days ter obama's still hedging even though the top diplomat has revealed the true nature of the attacks. the present sits down with his friends on the view. >> i heard hillary clinton say it is an act of terrorism. >> we're still doing the invest

that is a good philosophy but to the amecan economy is a loser. >> because they becme wealthier. the data shows that it has happened in agreed to make you happy? you happy? yay says yes. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not loing for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a diffence ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks mbined but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i wasavi big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progresse. test-drive snapshot before you swit

amecans are always ready to work hard for a bter future.prise financial was founded back in 1894, they've been commied to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >> as a 20-year-old college students, all i hear is when i graduate, i have little chance to get employment. what can you say to reassure me, but more importantly, my parents, i can sufficiently support myself after i graduate? gerri: that's the question on everybody's mind lately as garage watts face debt and crushing economy. new information suggests it's getting worse. chairman the texas hiring board. fred, thank you for joining us today. this is a critical issue for so many americans. i just want to underscore how big the issue is. look at this. look at this snapshot of a 20 # 11 college grad, graduate with $26,600. 54% of them are une

telling fox news that the terrorist attack may have been part of a broader campaign to drive a growing amecan presence out of eastern libya. yet the administration continues to refuse to admit what any fact at all and threat assessments ignore requests for security there were ignored, and the reality on the gund resulted in the murder of four americans in libya. and as much a the presint mmght w want us to believe that he declad the murdersn benghazi to be aerrorist attack just the day after they occurred, the public record -- as we have repeatedly reported and demonstrated -- is contrary to his statement. joining us now for a critical lookt the president's, well, changing positions on the september 11th attacks and the liberal media's inabili to, in some cases, even report let alone report well on the event or, for that matter, the refal of the administration to offer any reas for the attacks, any statemt to the american people about why the choices they''e made arappropriate for is nation's interests. we're joined by tim graham, the media research center's director ofedia analysis. tim, at

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. >> if you want to be straight with the amecan people and the american people want you to be straight them, you owe it to the american people to explain not through, you know, mumbo jumbo or fuzzy math or voodo economics how do you get $5 trillion and not end up raising taxes on the middle class to pay for a tax cut for people like mitt romney? >> now, romney supporters, romney team has put out the campaign has put out today that through dynamic scoring you believe that tax reform will increase economic growth to the point where you will get those savings. and make up for what you're spending on the tax cuts. but most people would argue that -- that those numbers don't add up, it's too risky to cut taxes and blow another hole in the deficit and then hope that economic growth will somehow fill that hole later on. >> well, i think what andrea, what most people have seen is over the last fou years the economy hasn't grown. we haven't seen the job growth we need, we haven't seen the type of -- and we've seen trillions of dollars in deficits from this president. so governor romney put out

something important for me to do in the book it becomes a little bit harder to say this particular amecanax break, or even this american financial reform is thx only thing driving income inequality. because the ngreally remarkable thing is the extent to which this is a global phenomenon. it's happening across the western industrialized world. i'm canadian. so ily practically born a socialist in the view of many americans. but even in canada, income inequality is increasing. it's even, you knw, for awhile economic literature the one outlyer was france, so far as economists make jokes, they would say oh, the french they have to be exceptional even in this area. now you're seeing it increase in france, too. and you're seeing it increase in emerging market econo ees.es so i think we do have to accept that there are some economic drivers. those economic drivers are partly put in place by the politics. it was politics that allowed globalization to happen. and in the united states really crucially, and i think you can'o emphasize this too much, look at what happened with the tax code. in the 195

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also, a of amecans come here.elso y nese who are of placesal narrator: oplthe balinese depenwho come he on the tourist economy,. but some worry thatalinese cuure will be overwhelme eernal . bali is one of the islands inhe world's largest archipelago which forms the couny ofndonesia more than 200 million people live here, and they speakore than 300 different languages. overcomi t barriers of language and e geographical isolation of island living has been big problem r the indonesian government. woman: well, it's, of course, a country that's in so many thousands of islands over such a large area, it's hard to integte that into one economy. until there was a satellite inrbit over indonesia, for example, unall the peop ithe country couldn't hear the president of their country at the same time there's it's part of why ty have preserved their diversity,then. because there's different kis s on the different islands and the different regionalizations, anwhile they maintai it was very much easier to practicehe unity in div

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