the cayman islands. we have constructed this. this is not paralysis. this is a bipartisan approach. both parties have been on this. the republicans do it gleefully. the democrats do it wringing their hands. they have both sided with cutting the taxes on the top. they are parties to the disappearance of the civilian programs of our national government, which work, and if you looked at the budget president obama has put on the table, on a non-security discretionary budget under this president is to decline from about 4% of national income in 2010 down to below 2% by the end of this decade. 1.7% of national income for jobs, training, education, for all the infrastructure, the environment, climate, technology, and forgetting who government? this is the hard truth, and what is likely to happen is to solidify this, because no one is speaking out for the government. we are talking about protecting entitlements. we are squeezing to nothing. the top do not pay. they have been given every way to get their money out tax-free, and it is trillions of dollars that have been lost in addition to wh

secrecy surounding money stashed in the cayman islands may soon be revealed. according to reports-- there's a proposal to make the names of thousands of companies, directors, and hedge funds, available to the public that are currently sheltered on the islands. if approved a public database would list money that is housed offshore in the caribbean territory. the financial times reports-- the caymans have come under critiscm for the lack of regulations. higher education is turning to the web to gain revenue. as colleges look for new ways to make money -- some -- such as san jose state university -- have added online courses -- to attract students. at for-profit institutions such as university of phoenix -- students obtain their degree on the internet. now -- many colleges and universities with physical campuses are trying out the web model. the education sector has struggled to add revenue throughout the recession. cordelia maloney -- of the unversity of illinois at chicago, says the online model could take off if universities find a way to do it right. "i think

we will sheet -- we will see rainshowers toward the cayman islands. if you are going diving were on a cruise, you could see rain in this area and clout for the eastern coast of pot of havana. -- clouds and the eastern coast of parts of havana. in canada and the northeastern part of the united states, a cold spell have been talking about for days has finally ended and temperatures are coming back to normal. i want to show you what we can see as weak note toward monday. getting above freezing, a normal temperature there. toward atlanta, a partly cloudy day. focus" only on the link tv. >> a reminder now of the top stories -- at least 230 people have died in a fire at night club in southern brazil. witnesses say musicians that off fireworks on stage and some victims were trampled to death in the panic to escape. in egypt, six people had died in violence during funerals for the more than 30 people killed in clashes on saturday. french and forces in mali fighting against the rebels are on the outskirts of the city of timbuktu. our correspondent is traveling

avoided paying hundreds of millions in taxes by hiring workers through other companies in the cayman islands in two thousand and nine it was charged with bribing nigerian officials to win government contracts and it was charged with installing faulty wiring that electrocuted u.s. soldiers in iraq and that's just a few of the things we thought you should know there are more about this country's shady past and whether taxpayers will foot the bill for their mistakes i'm joined now by mike doyle an attorney for some of the soldiers against k.b.r. welcome mike boettcher is worse than sure so we're talking about eighty five million dollars plus the fifteen million to cover legal fees does this is what they were. want taxpayers to pay into this amount to a taxpayer bailout for k.b.r. essentially i think that's certainly what they're demanding that this really is just the first twelve hundred sixty two soldiers and the families of the two soldiers that died from their exposure the first well up to trial that's really what they're looking for is a bail out no matter what they do to actually. yes that

paying hundreds of millions of dollars in taxes by hiring workers through other companies in the cayman islands and two thousand and nine it was charged with bribing nigerian officials to win government contracts and it was also charged with installing faulty wiring that electrocuted u.s. soldiers in iraq for more about this country shady past and whether taxpayers will foot the bill for their mistakes i was joined by mike doyle an attorney for some of the soldiers against k.b.r. i asked mike if this amounts to a tax taxpayer bailout for k.b.r. i think that's certainly what they're demanding that this really just the first twelve hundred sixty two soldiers and the families of the two soldiers that died from your chose your first well up to trial that's really what they're looking for . k.b.r. essentially saying through this indemnification agreement that no matter what they're guilty of that they're not responsible. well we do know that this going in the bedroom certainly there on the ground but we found out as the case developed from the testimony of the cave your lawyer that they thought they

people spending money is what creates jobs not rich people whether their billions are sitting in cayman island bank accounts or in the stock of microsoft pays in dad's house and then dismiss the campaign as not serious and radio schick i couldn't tell if he was like really serious or just sort of you know you know she maybe because like radio she has a radio stick or something like that that i don't know how we tell but i mean you know i sort of thought like you know he's just saying stop this well perhaps that's wishful thinking on their part imagine if the american people did finally wake up and recognize billionaires for what they really are parasites on our economic body but this is a serious campaign and it's a campaign that was seriously pondered by our founding fathers thomas jefferson explicitly suggest that if individuals became so rich that their wealth could influence or challenge government then their wealth should be decreased upon their death. in a letter to joseph milligan on april sixth eight hundred sixteen he wrote if the overgrown wealth of an individual be deemed dangerous

burren it avoided paying hundreds of millions in taxes by hiring workers to other companies in the cayman islands and in two thousand and nine it was charged with bribing nigerian officials to win government contracts that's not all it was charged with installing faulty wiring that electrocuted u.s. soldiers in iraq for more on the possibility that taxpayers will foot the foot the bill for this company's mistakes i'm joined now by neil gordon an investigator with the project on government oversight neil good to have you here so this sounds like a taxpayer bailout for k.b.r. is that what it is that's the way it's been characterized. yeah i mean that's were essentially were going to taxpayers they're asking for taxpayers to pay the eighty five million plus the fifteen million that they have been found liable for that's right and k.b.r. essentially is saying no matter what they're guilty of that they are not held responsible as that is that true right because of a clause in their contracts with the with the army that would be done to fire them in for a legal liability arising from the contract ok so

taxes, when we're losing 100 trillion-dollar every year because they're stashing money in the cayman islandm not going to deal with that issue, but i am going to cut your social security, your medicare and your medicaid. i, myself, would not want to defend that position back home. i'm not unconvinced that we cannot win this battle. >> eliot: look you're right analytically and rationally. the other side has not always acted rationally. they've gone back to the public when they were dead wrong and extracted things from the white house that she should not. we're both worried about what comes next in the debt ceiling negotiation. we got to make sure that the white house is toughened they do not concede where they shouldn't. we may disagree on this vote one time, but you're still my hero. i'll move to vermont so i can vote for you one day. thanks for coming on the program. >> thank you el . >> eliot: with the view from the house, i'm joined by congressman brad miller from north carolina, who voted no on this cliff bill. thank you for joining us. >> thank you for having me on. >> eliot: you just

know, it forces you to turn and look at the tv and then on the tv you see just it scroll down cayman islandestments, swiss bank account. it was the perfect -- if he believes in america, why is he investing overseas? >> let's jump to the rnc ad, you thought that was the most effective attack ad on the president, and you were wondering where did it go? >> right. that was the argument that we were worried most about. if you look at the democrats consolidated. republicans consolidated. there's this small segment in the middle. many of whom who had voted for the president, but they weren't ready to say -- >> and who liked him. >> they hadn't turned away from him, but we didn't have their support. it was the perfect message to them. it's okay to make a change. he tried. you tried. let's move forward. >> why didn't you use that? >> i mean, it was something i think that buoyed the president, but the personal likability factor, but that people felt like this was something that if we were going to focus on the economy, it was something to go out there. i think that was a mistake, and stephanie has po

are so good why are they trying to break a sweat selling it to us not offer of a yacht in the cayman islands? are we really as gullible as that? >> guest: a lot of people are. to be fair, there is some greed but there is a lot of desperation. people are 55 and older it is unusual to see anybody under the age of 55. people are scared i found over and over middle managers who were let go from their jobs and one person was sick of the crack the gate and he thought i could do better. it is not like the day traders of the 1990's that are just very greedy trying to make a go but people they see their brokers are going nowhere interest rates on savings accounts and bonds are next to zero with no end in sight this is an incredibly scary the environment and the money show says he will help you. also we know our financial smarts peek at the mid-50s. we tend to be less doubting that that is why elderly people report being happier with life. something to look forward to but it is one of the many reasons why they are more gullible. some of them. but the third part is there is a concerted effort to releas

so they are avoiding showing their income here and putting it in the cayman islands, where they can shield it from taxation. we also desperately need to restore fairness. the current system contributes to growing income inequality. i don't know how anyone can conclude otherwise. you know, i've shown also many times on the floor of the senate the report on one building on park avenue in new york where the average income is $1.1 million of the people who live in that building. and the average tax rate that those people are paying is about 14% -- 1-4, 14%. the janitor in that building is paying a tax rate of 24% with an income of $33,000 a year. how is that fair? how can that possibly be considered fair? and these long-term fiscal imbalances simply must be addressed and revenue is going to have to be part of the solution. mr. president, martin feldstein, one of the distinguished economists in our country, conservative, chairman of the council of economic advisors under president reagan, said this about the tax expenditures of the country, because we are spending in the tax expenditures catego

billion every year because the wealthy and large corporations are stashing their money in the cayman islands. let's deal with that. one out of four profitable corporations are not paying today a nickel in taxes. let's deal with that. president obama, as you recall, originally wanted $1.6 trillion in new revenue, and he understands that revenue today in terms of gdp is the lowest it has been in 60 years. we need more revenue from the wealthy and large corporations. so what i will do is part of this process is make sure we close these loopholes and ask corporations to start paying their fair share. >> you know, you in vermont suffered terribly in august of 2011. i recall very well, i was up there, the storm. now what does congress, what does washington say to the people in new jersey and new york who went through this hideous, this horrible superstorm sandy and now don't have the relief and congress goes home? >> well, you're absolutely right. it is incomprehensible. you're right. in vermont we suffered, and now in new jersey and new york people are suffering. but as you know, we passed an eme

are breaking a sweat trying to sell this to you and me not creating it on the tax-free of the cayman islands few people to ask these questions. are we as global as that? >> guest: a lot of people are. to be fair there is some greed but there's also a lot of desperation. people retire. the people are 55 and older. it's very unusual to see anybody there under the age of 55. and people are really scared. what i felt over and over again for the middle managers who had been coming you know, left from their jobs to the dow's one person told me he was sick of the crappy consulting digs and i can do better, whoever is out there and this is what it is preying on. it's not like the traders of the 1990's who were greedy, these were people that see that their brokers and their advisers are going nowhere. interest rates and savings accounts have been zero for years now with no end in sight. this is an incredibly scary environment for people and they've come this way. the financials and their mid to late 50s us something we know. they are happier with life so there's something to look forward to. on the o

because of big money interests and wealthy individuals stashing their money in tax havens like the cayman islands and bermuda. one-fourth of profitable corporations don't pay a nickel in taxes. there is a lot that we can do to raise substantial revenue, which will not only protect the social safety net, it will allow us to invest in america and start creating the jobs. >> and that transaction tax, what are you talking about? a half cent sales tax on every transaction made on wall street or what? >> exactly. it depends. >> sure. >> it is a good step forward. >> senator bernie sanders, great to have you on "the ed show." thank you so much. remember to answer the question at the bottom of the screen, share your thoughts on twitter and on ed show and facebook. we always want to know what you think. >>> coming up, the republican deception on the debt ceiling continues, even though newt gingrich is telling his party to stop. >>> but first, today the associated press released the final vote totals from november's election. president obama officially ended up with 51% of the vote? that's right. mitt romn

every single year because corporate america and wealthy individuals stash their money in the cayman islandsther tax havens. corporations today are paying 12% of their profits in taxes, which is the lowest since 1972. in terms of corporate tax per gdp, we are lower than any other country in the oecd. >> that is just amazing. that is amazing when you throw these numbers out. and i think it brings us back to one word. americans, focus. you can hear a lot of talk about debt ceiling and deficit reduction. focus on the ideology of what has brought us to where we are right now and an ideology that has brought us here is not going to fix it in any way, shape, or form. senator, the filibuster. doesn't it really start with that? we've really got to get that fixed first. >> it is enormously important. we grew up as kids believing in america majority rules. well, we've got 100 senators. you would think that is that 51 votes would rule, would allow us to pass laws. since obama has been president, the republicans have used an unprecedented way, the filibuster, to obstruct and to block legislation. and yo

because of big money interests and wealthy individuals stashing their money in tax havens like the cayman islands and bermuda. one-fourth of profitable corporations don't pay a nickel in taxes. there is a lot that we can do to raise substantial revenue, which will not only protect the social safety net, it will allow us to invest in america and start creating the jobs. >> and that transaction tax, what are you talking about? a half cent sales tax on every transaction made on wall street or what? >> exactly. it depends. >> sure. >> it is a good step forward. >> senator bernie sanders, great to have you on "the ed show." thank you so much. remember to answer the question at the bottom of the screen, share your thoughts on twitter and on ed show and facebook. we always want to know what you think. >>> coming up, the republican deception on the debt ceiling continues, even though newt gingrich is telling his party to stop. >>> but first, today the associated press released the final vote totals from november's election. president obama officially ended up with 51% of the vote? that's right. mitt romn

because of big money interests and wealthy individuals stashing their money in tax havens like the cayman islands and bermuda. one-fourth of profitable corporations don't pay a nickel in taxes. there is a lot that we can do to raise substantial revenue, which will not only protect the social safety net, it will allow us to invest in america and start creating the jobs. >> and that transaction tax, what are you talking about? a half cent sales tax on every transaction made on wall street or what? >> exactly. it depends. >> sure. >> it is a good step forward. >> senator bernie sanders, great to have you on "the ed show." thank you so much. remember to answer the question at the bottom of the screen, share your thoughts on twitter and on ed show and facebook. we always want to know what you think. >>> coming up, the republican deception on the debt ceiling continues, even though newt gingrich is telling his party to stop. >>> but first, today the associated press released the final vote totals from november's election. president obama officially ended up with 51% of the vote? that's right. mitt romn

cuban crocs once ranged all the way to the cayman islands and the bahamas...ut overhunting and competition for habitat have now confined them to cuba. as few as 3,000 animals now hang on to survival in zapata swamp. roberto "toby" ramos is cuba's leading authority on the cuban croc. for over 30 years, toby has navigated the waterways of zapata on a quest to understand these ancient reptiles. the cuban crocodiles prefer the freshwater marshes deep inside the swamp. toby's team has to wait for the summer rainy season, when the water is high enough to access their nesting grounds. with only the most basic tools they're just beginning to uncover the mysteries of the world's rarest crocodile. interpreter: the cuban crocodile is almost completely unknown. all we've done is try to give answers to basic questions of ecology -- where are they how many are there their reproductive success and their habitat. i don't think the most important thing is to know the number of animals, but rather what is the stability of the population. is this population increasing, is it sta

contempt for half the population was only matched by the amount of money he's stashed away on the cayman islandsast election was not plain sailing for the president's campaign. michael hastings gives us the inside story of the president's re-election campaign in his new ebook "panic 2012." and we're delighted that he joins us. i've read it. it's a rip roaring read. and you say that after the first debate, even self-help guru tony robbins rang up. isn't that adding insult to injury? >> i spoke to senior obama officials, they said every democratic hack of the last 40 years was calling up wanting to be part of the debate tomorrow and tony robbins so say what's wrong with the president? we need to give him a positive attitude. >> what did you think of that? >> i thought that moment, a, was a gift to political journalists, that denver debate. b, it said so much about who obama was. the fact that was the day he didn't feel he needed to really deliver, but more importantly to me one of the most powerful scenes in the book is the young obama staffers in chicago watching the debate unfold and being horri

every single year by corporations and wealthy people stashing their money in tax havens in the cayman islandsbermuda and elsewhere. corporations today are paying about 12% of their profits in taxes. that's the lowest rate since 1972. so the question that we have to debate as a nation is, deficit reduction is a very important point. but we have to understand that today at 15.7% our revenue as part of gdp is the lowest that it has been in 60 years. so when senator mcconnell says revenue is not the issue, he is dead wrong. revenue is very much the issue. the american people have been very clear. they do not want to cut social security. >> right. >> medicare and medicaid. they do want to ask the wealthy and large corporations to pay more in taxes. that is what i believe -- >> there is an issue with spending in the country when it comes to other issues outside of earned entitlements. when we look at what we're seeing being spent in this country and john boehner in an interview with the "wall street journal" has gone on to say that in reference to the fiscal cliff negotiations, we have a very serio

ashley: as we do every 15 minutes, or cayman island is lovely. check the markets.petallides on the floor of the new york stock exchange. nicole, beer companies given a changeover today. >> no doubt. let's look at some names related to liquor here. looking at bud, looking at constellation brands, anheuser-busch, inbev. you have the department of justice moving in and basically now saying that they are not too happy with the deal that is going forward with anheuser-busch and grupo modello. don't forget constellation brands has a joint venture with grupo modello. they think that customers are going to suffer here with high beer prices, less come tis -- competition. anheuser-busch came out with a statement very tough against us court in washington saying that they will vigorously contest the department of justice actions. meantime not only are we seeing stz down big-time, but you're seeing anheuser-busch down six%. back to you. ashley: nicole, thank you very much. of course we'll be back. guess what in 15 minutes. tracy: yes we will. more and more student loans are goi

ayn rand and their biggest business there is going to be financial, so they want to have like a cayman islandlter their tax money and stuff like that. >> stephanie: awesome. >> caller: isn't that a great idea? >> stephanie: right. and no rules or regulations of any kind. no stoplights or stop signs just go. >> are you tired of your government taking away liberties and freedoms you can't quite name. welcome welcome susseed with us. your hard-earned money is yours to teen. there are no taxes in -- glen becky becky becky becky stan stan. >> there are no roads, police teachers, libraries, garbage pickup or sewage statement in -- >> glen becky becky becky becky stan stan. >> but you will friend off the wild animals and then the survivalist train willing kick in. who needs government. it is over rated. join us in -- >> glen becky becky stan stan. >> want to shoot your gun in all directions, go ahead. with a small down payment it can be yours. >> above the fruited plains. >> our future is in the past. >> stephanie: good call, producer chris. >> thank you. >> stephanie: you just dropped that out of n

when everybody should give their fair share, when they have got millions of dollars stuck in the cayman islands, off shore. we should be able to get some of that taxes on that money, too. because, i mean, it is not fair to the american taxpayer. i mean, i think the politicians should take a pay cut, because they are not doing the job that we are supposed to be paying for. it is ridiculous the way that they are treating the taxpayers. question's go to the with donald williamson. guest: you make a good point about the offshore accounts. we have a whole regime of rules that come into play. there are special forms that must be attached to your income tax returns, to report any ownership of foreign bank accounts, at any ownership of foreign assets. it is an information form. as americans, we pay tax on worldwide income. most countries do not pay taxes on worldwide income. those are our rules. there are concerns about having foreign bank accounts and assets offshore. they are trying to correct that. there are these special forms filed with the treasury department, to report the ownership of these acc

they never talk about the cayman islands bank accounts where they are able to laugh like crazy.t: here are the senators that voted no this morning. you have three democratic , along with republican senators -- george zornick. guest: i was surprised more democrats did not vote against it. i think pete raised a couple of good points. this deal will not talked some of the offshore and he spoke of. the next that will be corporate tax reform to close the loopholes and the of shoring. the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right republicans are not particularly fond of mcconnell. he has to walk a fine line, as does john boehner. he had a few of th

these women are not going to put their money into a cayman islands bank account.tead, they'll spend it and this will boost our economy, create jobs and help families. with a record number of women in the work force, wage discrimination hurts the majority of american families, both in terms of their economic security today and their retirement security tomorrow. the institute of women's policy research found that wage disparity will cost women anywhere from $400,000 to $2 million over a lifetime of lost wages. that means fewer resources to pay the mortgage, send kids to college or have a decent retirement. that's why i support the paycheck fairness act. it ensures that employers who try to justify paying a man more than a woman for the same job must show the disparity is not sex-based. the house of representatives should address this issue. thank you and i yield back. the speaker pro tempore: for what purpose does the gentleman from south carolina seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. t

look at where the corporate sector keeps its money -- cayman islands. that is next due mitt's money. we have constructed this -- i have to say, sad to say, there is a deeper, lurking truth -- this is not paralysis in washington. this is a bipartisan approach, unfortunately. [applause] both parties, both parties have been on this. the only difference is the republicans do it gleefully, the democrats do it wringing their hands. they are both with the corporate sector. they have both decided with cutting the taxes on the top. they are both party to the disappearance of the civilian programs of our national government, which work, and if you look at the budget, unfortunately which president obama has put on the table, the civilian discretionary budget, the non esotery discretionary budget under this president has declined from 4% of national income in 2010 down to below 2% by the end of this decade, 1.7% of national income. for what -- for jobs? for training? for education? for all the infrastructure? for the environment? for climate? for science? for techn

they never talk about the cayman islands bank accounts where they are able to laugh like crazy. host: here are the senators that voted no this morning. you have three democratic senators, along with republican senators -- george zornick. guest: i was surprised more democrats did not vote against it. i think pete raised a couple of good points. this deal will not talked some of the offshore and he spoke of. the next that will be corporate tax reform to close the loopholes and the of shoring. the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right republicans are not particularly fond of mcconnell. he has to walk a fine line, as does john boehner. he had

look at where the corporate sector keeps its money -- cayman islands. that is next due mitt's money. we have constructed this -- i have to say, sad to say, there is a deeper, lurking truth -- this is not paralysis in washington. this is a bipartisan approach, unfortunately. [applause] both parties, both parties have been on this. the only difference is the republicans do it gleefully, the democrats do it wringing their hands. they are both with the corporate sector. they have both decided with cutting the taxes on the top. they are both party to the disappearance of the civilian programs of our national government, which work, and if you look at the budget, unfortunately which president obama has put on the table, the civilian discretionary budget, the discretionary budget under this president has declined from 4% of national income in 2010 down to below 2% by the end of this decade, 1.7% of national income. for what -- for jobs? for training? for education? for all the infrastructure? for the environment? for climate? for science? for technology? we ar

you brought the warm -- warmth from the cayman islands.sident barack obama's presidency means a lot to people around the world. that's why you came here. >> absolutely. i don't know if americans who live at home realize the impact that this election and the previous one had on the rest of the world. people feel warmly towards americans in ways they haven't for many years because of some of the other things that happened before. but president obama has just made us feel proud and it is just a great honor to be here today. >> reporter: yeah. you said you missed the first one. >> i did. >> reporter: there was no way you were going to miss this one. >> i watched every minute of it on television. but i was -- another opportunity, i will be there. yeah. absolutely. >> reporter: thank you. we appreciate the warm weather. where is pat? where are you? pat, you -- how long did you ride on the bus here? >> 12 1/2 hours. >> reporter: from obama? from alabama. >> i love it. this is an opportunity that we never, ever really dreamed of. a dream come true