then, former democratic senator blanche lincoln. cornelia orr will have the nation's report card on u.s. history. [captioning performed by national captioning institute] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] host: the senate has decided to cancel its for the july recess. they will stay around next week in hopes of getting progress on the stalled budget negotiations. a new deadline has been set for the first week of july. we are going to be talking about all this later on with david keating and blanche lincoln, the former arkansas senator. in our final segment this morning, we will learn more about how u.s. students are doing on american history studies. as we began this morning, we are going to look at a provocative ad we saw in usa today. they ask the question "is the american dream dead? kep good friday morning to you. you can also send us a twitter message this morning if you would like to talk about our question this morning -- is the american dream dad?

you are on with blanche lincoln. caller: great show. only in america could somebody of limited ability, an independent auditor for fortune 500 companies, and along the way, i was threatened about every way a person can be because i covered large sums of money for my client. in 2006, i want to go ask my bankers some questions that frightened me to death. in testimony before the financial crisis, the vice president of citibank admitted that their bank in 2007, 60% of the loans were known to be bad. in 2008, it grew to 80%. weeks later, the ceo's said citigroup was too interconnected and too big to fail, implying that we would have to bail them out again. isn't this a declaration that americans are now in slaved to criminals customer that is my first question. the second question relates to your role in regulations just before you left. the stock market -- the financial accounting standards board changed the rules saying that toxic assets were no longer toxic and were only temporarily impaired. were -- theye wory found out there was not a

you are on with blanche lincoln. caller: great show. only in america could somebody of limited ability, an independent auditor for fortune 500 companies, and along the way, i was threatened about every way a person can be because i covered large sums of money for my client. in 2006, i want to go ask my bankers some questions that frightened me to death. in testimony before the financial crisis, the vice president of citibank admitted that their bank in 2007, 60% of the loans were known to be bad. in 2008, it grew to 80% >> caller: six weeks later, citi is too interconnected and too big to fail implying we have to bail them out again. isn't this a declaration the americans are now enslaved to criminals? that's my first question. the second question, and this relates to your role in derivatives regulation before you left. the stock market recovery began almost to the day, the current one, almost began to the day that the congress and financial boards changed the rules to pretend that toxic assets were no longer toxics and only temporarily

you are on with blanche lincoln. caller: great show. only in america could somebody of limited ability, an independent auditor for fortune 500 companies, and along the way, i was threatened about every way a person can be because i covered large sums of money for my client. in 2006, i want to go ask my bankers some questions that frightened me to death. in testimony before the financial crisis, the vice president of citibank admitted that their bank in 2007, 60% of the loans were known to be bad. in 2008, it grew to 80%. weeks later, the ceo's said citigroup was too interconnected and too big to fail, implying that we would have to bail them out again. isn't this a declaration that americans are now in slaved to criminals customer that is my first question. the second question relates to your role in regulations just before you left. the stock market -- the financial accounting standards board changed the rules saying that toxic assets were no longer toxic and were only temporarily impaired. were -- theye wory found out there was not a

and we'll be joined by blanche lincoln and cornelia orr."washington journal" is live on c-span every day at 7:00 a.m. eastern. now administrator speaks at the national press club today. live on c-span. the last space shuttle launch is scheduled for friday, july 8. there are three days of book tv programming. eli argues corporations are undermining the original intent of the internet. her new book is demonic. endangering america. that's sunday in-depth with linda hogan. she writes about the responsibility we have for the environment. sign up for book tv alert, weekend schedules in your inbox. congress passed a law last year substantially lowering sentencing for those convicted of crack cocaine. lowering sentencing guidelines for prisoners already serving time. the commissioner estimates 12,000 inmates in federal prisons will be eligible to have their sentences reduced. this is a little more than an hour. >> the meeting is called to order. the first order is to adopt the minutes. is there a motion to do so? >> i move. >> is there a second? >>

he is thought by former senator, blanche lincoln of arkansas.this is an hour and a half.eati, postcode let me introduce you to david keating, executive director of the club for growtht which is where? >> guest: it is a grouph, advocating policies that help lowate economic growth, things robt ow taxes, free trade, low inflation.e audience this morning about the state of the american dream. how would you assess it? guest: i would say a lot of people think things are looking like a nightmare for their family. host: what do you think? guest: look, i think there are a lot of positives in this country. i don't think, for all the flaws we have, we're the greatest country in the world. we have a great mix of people who have come to this country. almost everyone that's here has come voluntarily, and i think that's the one thing that gives us real strength. we have a good rule of law generally in the united states. we have pretty sound government overall compared to the rest of the world, so there are a huge number of positives here. and we have a lot mor

that is followed by blanche lincoln with the democratic view. >> looking ahead to our prime time programming, coming autopsy at 8:00 eastern, we will feature henry kissinger as they take part in the monk debates. it is a bi annual event in toronto. that gets underway at 8:00 p.m. eastern here on c-span. our companion network, use, starts its prime time programming with a review of federal regulations from the brookings institution. that is at 8:00 p.m. eastern. about a half hour later, we will have more from the brookings institution with a forum on innovation and the u.s. economy with an emphasis on science and technology. former white house economic advisor lawrence summers takes part. about an hour later it is the national organization for women's conference, featuring former colorado conscience woman pat schreoder. that is at 9:30 eastern. >> tune in this independence day. we discuss if the united states can remain united. >> at the political level we are more divided. if you look at partisan polarization if you look at that, than any point since the reconstruction. >> they talk about re