the cbo estimates that the u.s. could stabilize the debt to gdp ratio by finding tax increases or spending cuts equivalent to just 1.2% of gdp. so how about a compromise that does both at 0.6% of gdp each. the bad news, of course, is that even this modest common sensical solution will go nowhere in washington for now at least. >>> next up, back to some bad news. pakistan may be on the brink again. i will tell you what's going on and why you need to know it. >>> protests like these have rocked pakistan over the last three weeks. a rallying cause for this angry mob is opposition to the prime minister. the protesters have been camping outside the nation's parliament want sharrif to go. he says he's not going anywhere. the key player to keep an eye on is the all powerful military that wields the real power. whom do they support? how unstable will things get in the nuclear nation? let's see if we can get some answers. we have terrific guests. we have the former ambassador to the united states and peter berggren is at the

the cbo estimates that the u.s. could stabilize the debt to gdp ratio by finding tax increases or spending cuts equivalent to just 1.2% of gdp. so how about a compromise that does both at 0.6% of gdp each. the bad news, of course, is that even this modest common sense solution will go nowhere in washington for now at least. >>> next up, back to some bad news. pakistan may be on the brink again. i will tell you what's going on and why you need to know it. does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. remember, while your medication is doing you good, a dry mouth isn't. biotene -- for people who suffer from dry mouth. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough

cbo holds the size of economy fixed.he whole idea of putting in growth effects is the line of the becomes dynamic scoring. i am a proponent of this because i believe we should indicate the policymakers, everything is different about the world before and after the policy, contemplating enacting. you have to get them before and after and if it includes more economic growth or less economic growth, more tax revenue or less tax revenue, that's information that is valuable to them and important to be in there. there is no reason not to put it in. how you put it in is very important because this is called scoring, and schooling is different than forecasting. it's different than modeling. it's scoring. and when you go into the budget world you've entered a cold. escort gold is an important one. it says we're going to treat every proposal the same. and so scoring is operate at some level that you do the same for everybody. here's the best analogy to football games you get 6.4 touchdown. i don't know what. you get one point if yo

just anterview with cbo hour ago, the nfl president said that the league assumed there video inside the elevator and they asked for it but they were not given the video. this as janay issued her first statement. that theows the pain media and one wanted opinions from the public has caused to my family. relive a moment in our lives that we regret every day is a horrible thing. cut from the baltimore ravens hours after that video surfaced. he has lost several endorsement deals. his jerseys have been pulled from the shelves. that thepresident says nfl did the right thing in suspending rice. he calls violence against women the ugliest form of violence that there is. the 20that anniversary of the violence against women act. >> an investigation into the troubled va hospital system or feels the problems were widespread than previously thought. the have in hiding long wait times. many changes have already been made. >> that is how we regain veterans trust and that is how we regain your trust and the trust of the american people. tothey unveiled a plan improve the service which should be in plac

if you are concerned about fiscal rectitude down the road. >> do you have experiences with this as cbo correct the record i was the congressional budget office or not omb and i supervise the first dynamic scoring or macroeconomic analysis of the president's budgetary analysis. cbo holds the the size of the economy fixed and the whole idea of putting in growth effects is the line that becomes dynamic scoring. i am a proponent of this because i believe we should indicate to policymakers everything that's different before and after the policies they are contemplating and enacting. if it includes more economic growth or less economic growth more tax revenue or less tax revenue that's information that is valuable to them an utterly important. there is no reason not to put it in. how you put it in this very important. this is called scoring and scoring is different than forecasting. it's different than conventional academic modeling. it's scoring and when you go into the budget world you venture to call them the scoring colds and import one. says we are going to treat every proposal the same

in august the cbo recorded medicare spending had declined significantly. where does that leave leaders in the party outlining specific plans to curb the cost of entitlements? does that undermine the long-term republican argument that the entitle mentreforms are necessary? >> not at all. i think part of the challenge in reforming medicare and the entitle mentprograms, unfortunately this town is addicted to five-year, ten-year cbo scoring windows. it's not a recent phenomenon. you see all the different gimmicks that have been done to try to get, to make policies that may have a short-term impact that really don't long-term impact the trajectory of the program. look at medicare specifically. you look at the part a trust fund, the actuarial reports, not just the short-term cbo reports, we still have a program that is in incredible distress that faces long-term challenges if we want to -- and we do -- if we want to continue to sustain and preserve this program for not only our parents and grandparents but for future generations as well. the challenge within the

determinantsimary of interest rates is economic growth, and the cbo economic growth says it -- the cboeconomic growth is at over 2%. meager inill comparison to that. i'm going to disagree with you on the earnings. the true earnings are somewhere between operating and reported. i written on this level. theoretically, you should be taking either 12 months or the -- 12 months you could say 16, 16 .5, 17. is 19.rage we are still not there. to say that we are anywhere like 2000 is really fantasy. we would be right now at dow 35,000. i think there was a book about that. if we were at p/e ratio is that we were back then. the margin.nt on the major reason that margins are higher is because foreign 40% to 45%ich is now of s&p 500, are higher because foreign tax rates are lower. the foreignhink profits of s&p 500 are going down, i don't think we are going to get those margins going down. by the way, the leverage of firms today is at the lowest level in over 30 years. that also raises margins. i could go on on the margin story, too, but everything i study -- we are very close to fair market value

for this fiscal year, however, the cbo forecasts a deficit of $506 billion, smaller than in previous growth this year projected at 1.5% down from a february estimate of 3.1%. turning to the irs targeting scandal now, my next guest represents more than 40 organizations in a federal lawsuit against the irs and says the obama administration is doing everything it can to stall its phony investigation. joining us is jay sakalow, chief counsel for the american center for law and justice. good to have you with us. >> thanks for having me back. >> our pleasure. let me start with this back and forth nonsense about missing e-mails which we had said, by the way, on this broadcast from the outset, according to our experts, they were retrievable, they were not lost and it's pure bunk what's been spewed and to find out that lois lerner's blackberry was destroyed, was wiped clean. i mean, somebody needs to go to jail here, right? >> well, look, you're talking about a classic case of obstruction of justice. by the way, her blackberry was cleared out after litigation had been filed in a companion cas

and the characterization is right, cbo in conventional scoring hold the size of the economy fixed.fects is the line that becomes dynamic scoring. i am a proponent of this because i believe we should indicate to policy makers everything that is different about the world before and after the policy their contemplating and acting. and you have to give them before and after, and if it includes more economic growth or less economic growth more or less tax revenue. that is value to believe them and utterly important to be in there. there is no i it the in. how you put it in is important. this is called scoring, and scoring is different than forecasting, it's different than conventional academic modelling, it's scoring, and when when you into the budget world, you have entered a cult. and it says, we are going to treat every proposal the same. and so, you know, scoring is arbitrary at some level. but you do it the same for everybody. here is the best analogy. football games you get six points per touchdown. i don't know why. the ex interetra point. two if you run it or throw it. i don't k

that comes from cbo estimate.dn't give you that number -- melissa: zero to million. >> zero to a million. melissa: could be as high as million. i said that as well. >> if the low end of your guess is zero and high-end is million, you're saying we have no idea. melissa: no, you're saying definitely people will lose jobs, what you're saying. >> i'm saying why look to a cbo estimate forecast when you can look to 80 years of american history. we had minimum wage in this country since the 1930s. it kept up with inflation for most of american history. we had booming economist. we don't have a booming economy lately. one of the reasons is that the people in low end of the income scale they have had a 30% pay cut with regard to inflation. they're customers that can't afford to shop. melissa: real hourly wages forker one in every class, every income group have fallen. >> i would say this though. if you watch the president, the president seems very detached when unfortunately, when stuff in the middle east goes on. we've ha

so this chart is generated from data that the cbo put out, i think, two or three weeks ago from their most recent long-term budget outlook. so if this is the so-called slowdown in health care spending, well, health care spending still represents in terms of primary spending by the federal government almost the entirety of the growth in federal spending as a share of our economic output. of course, interest payments on the federal debt are also growing as a share of gdp, and so we're not going to get to 2050 on this chart, right? something is going to happen. either we're going to make massive cuts to these programs or have a financial crisis or both. and so it remains incredibly urgent for us to deal with this problem. now, the conservatives, of course, in general are concerned with the spending component of this problem more than anything else. and this is part of the reason why. the aca takes the fact that we spent so much on health care already and spends more on it, and to conservatives that's seen as doubling down on what's wrong with the system rather than making it better. you

the cbo said rates had to be doubled. there is not enough money there.hat is why we focus on the spending problem. things are growing too fast. i want to strengthen retirement savings. if we don't change this problem, it is harder down the road. nobody is going to vote for doubling taxes. we have got to do this on the spending side. doing them both together makes more sense politically. plainview, news york. caller: good morning. am i on? ok. i feel the health care savings i primarily due to the large deductibles in obamacare. people are now funding their own medical costs because there are thousands of dollars of deductions. second of all, i feel that the senate and house members are hypocritical because they are getting subsidies for obamacare that they are not entitled to based on their incomes. single or 934 as a as a family, you are not entitled to a subsidy. they rode subsidies and for themselves. had it not been looted by the , we would have more than an ample supply of money for sole security. and money was taken away now the government is claimi

and those are numbers according to the cbo. and so, we're talking about lots of money. >> the figures make sense to me. but the politics doesn't. because these are the people, once again, who dominate our system with their contributions to the politicians who then have no interest in changing a system that rewards their donors. >> we have this vicious cycle where economic inequality gets translated into political inequality. it gets translated into rules of the game that lead to more economic inequality, and which allow that economic inequality to get translated into evermore political inequality. so, my view, you know, the only way we're going to break into this viscous cycle is if people come to understand that there is an alternative system out here. that there is an alternative way of raising taxes, that we are not really faced with a budget crisis. it's a manmade crisis. you know, when we had the government shutdown, we realized that that was a political crisis. that wasn't an economic crisis. and the same thing about our

funding it and they're doing outreach and education to their own constituency so we place them in the cbos to help with the outreach and of course we're around partnering with the immigrant partnering groups and on sanctuary city and immigrant rights. we were asked recently by one of the senate offices to provide information on immigrants and the refugee population in san francisco and i thought it was an odd question coming from them because i assume d they had all the information but they didn't, so you probably know most of the information. over 25% of the country immigrants live in california and over one out of every three san francisco residents is immigrant. there are estimated 30,000 or more undowsmed immigrants in san francisco and while only one in 14 children in san francisco is an immigrant 54% have at least one immigrant parent and 34% are headed by an immigrant. since the refugee act of 1980 we have received hundreds of refugees by san francisco. 80% of the participants in the human agency cash assistance program, rca, are asylees and families are aided by calworks. and final

know that both the tender loin and the southern station has been doing a great job working with the cbo and hot team and one thing that i want to impress upon our residents is that we need more shelter beds, we have 1600 for the 6,000 people in the homeless count and one thing that is positive i have to say and just as a plug for the city that we are one city ha the homeless has not gone up, any other major city the homeless population continues to grow and ours has remained the same at 6,000 which is frustrating, but, also, we have housed 10,000 over the last ten years and it is just that the symptoms of homelessness and whether it is domestic violence and poverty and lack of education and military, and veterans that are coming out of the wars and they are adding to the homeless roles and we need to continue to do that work but we need more beds throughout staoet if the city, if we don't have the places for the officers to take to that are living on the streets they are just shuffling people from one intersection to the other and we are experiencing that in our district as well. as con

cbo holds the size of the economy fixed.e whole idea of putting in growth effects is the line of the becomes dynamic scoring. i am a proponent of this because i believe we should indicate the policymakers, everything is different about the world before and after the policy, contemplating enacting. you have to give them before and after and if it includes more economic growth or less economic growth, more tax revenue or less tax revenue, that's information that is valuable to them and important to be in there. there is no reason not to put it in. how you put it in is very important because this is called scoring, and scoring is different than forecasting. it's different than modeling. it's scoring. and when you go into the budget world you've entered a cult. it says we're going to treat every proposal the same. and so scoring is operate at some level that you do the same for everybody. here's the best analogy to football games you get 6.4 -- six points for a touchdown. i don't know why. you get one point if you kick the extra

the cbo reported that medicare express would climb significantly. outlining specific plans to cut the cost of entitlements does that undermine the long term? >> not all. part of the challenge in reforming medicare and entitlement unfortunately it gets down to the cbo windows. and you have seen that as a recent phenomenon the gimmicks that have been done to try to get to make policies that may have a short-term impact. we are looking at medicare specifically, the part a trust fund insolvency date the actuarial reports, not just a short-term cbo reports. we have a program that is incredible distress facing long-term challenges. if we want to continue to sustain and preserve this program for not only our parents and grandparents but future generations as well, the challenge here in d.c. is if you look at everything in five and to your windows you get band-aids but never addressed the problem. medicare is still growing. the costs are growing faster than economic growth. you have a program where you -- the baby boomers have not yet become -- they have no

we already have the cbo saying you're going to have a lot less jobs. stuck in the 99 levels, 2007 levels, still low. i find it interesting that it's emeril saying this because he's usually so optimistic and positive. and now he's saying bam, it's health reform. it's going to hurt the restaurants and the small businesses. and, you know what, neil, that small business mandate was delayed to 2016 so that hasn't even come down yet. >> that's a great point too. the health care -- we're not even talking about health care yet. >> we're just barrel hanging on. >> but you yourself said you're doing better than you're used to to. >> this year we've had a better season. >> people are depressed, they want to eat. >> we have specials, lobster tuesday, it's big thing. >> lobster tuesday? >> new york is just as bad if not worse. new york city has rules and regulations on dop of everything else. >> the rule for everything. your doorway has to have a permit or some kind of rule. >> ignorance is no kind of excuse. >> you look at the permits on my wall. i need more room

the cbo says even raising the federal minimum wage to just over $10 an hour, could cut up to half a millions. but president obama dismissed that claim at a labor day rally, earlier this week. many of the prose tors say they know this is a uphill battle. >> they say it's worth the fight. dianne al jazeera, chicago. >> the quick rise of the islamic state group seems to have left al quaida behind, but now the leader is taking a claim in another region of the world. jonathan best is here with a closer look. >> al quaida has lot a lot of influence and power, so the group is trying to reassert itself, it is still largely run out of pakistan where it commands fighters ail over the world, but now that al quaida has announced it is starting an affiliate in india. that will add to the other official branches already spread across two continents. >> with it's rival the islamic state group tearing across iraq and syria, today al quaida is trying to launch a come back. after months of silence it's leader released an hour long video rejected the group, and boldly declassing he has his sites on india. >>

and when talking about comparisons and most people use cbo. that's not something that we have done an analysis of, so we can't give you any specific answers. >>> 9 million just to gain medicare. those are not insured. >> right >> for medicaid, there could be some people that had individual individually purchased insurance in 2013 and 2014, they are now eligible for medicaid so they join medicaid. there's a lot of moving around the categories. so it's difficult to determine -- it's difficult to give a complete answer because there's a lot of moving parts to the enrollment questions. >> we include both -- they would be a mix, so we can't differentiate between the two. >> jim landers of the dallas morning news. you say in the beginning that one of the things that's put a break on spending this last year has been the rise of high deductible health plans and more out of pocket spending. but those seem to decline in the future projections as private health insurance share and the household share of spending both decline. is that trend going to conti

proposed in front of the united states senate and house, every single bill should be scored by the cbo would ever vote on it. that almost never happens. in other words, a congressman feels free to vote for a new bill that creates a bridge to nowhere for $200 million. what i think should happen is every congressman should know your voting until the cost $200 million. you need to see the feasibility of the money you're spending and how it's going to affect your constituents. the people need to see the exact same thing. pure accountability let it be posted for a month before you can vote on the bill online for every citizen to see. that's one example of accountability. let me give you a second one i think holds people accountable. they're not accountable because they are in washington and you are here. that makes no sense because i wouldn't care about you if i'm 3000 miles of either. it's human nature. i don't see why -- i do all my bases from las vegas. i don't travel that much other than what i'm booked on a speech. i told you i went to amsterdam and a story. they paid me. icecap, confe

against the back drop of the costs going up to 2.4% greater than the growth in the economy into the cbo pointed out with, premiums have been a lot lower end of their a lot closer in the exchange that we have calculated in 2010. inflation has come down. not all of that is the affordable care act. part of it is the private system and part of it is the affordable care act and whether it will turn out to be 2500 by the end of the decade when that was projected we will see that it certainly but it certainly is the case that people have saved money. what what we give you a concrete example if you look at the medicare beneficiaries, premiums for the drug benefit program and the part b. have stayed religiously flat and i'm talking pennies of difference not tens of thousands of dollars. that's because of the affordable care act. health-care costs in health care costs in the last few years have remained flat. you need a strategic campaign to explain to the american public what are the benefits and how the law has done it and that's been done going back to 2009 we had a conservative long-term camp

uncertainty with the looming employer mandate hanging out there so people are getting hired and even cbo tells us the equivalent of 2.5 million people won't work because of the disincentives to work of obamacare. so you have taxes, you have regulations. you have a debt of $17 trillion growing and no reduction in site coming and i think you have a political modus operandi which doesn't seek to bridge differences that seeks to sort of basically polarized and intimidate and divide people based upon what divides them and pray on the emotions of fear and anxiety versus an aspirational political system that speaks to people with ideas that unifies people based on aspirations and based on hope and opportunity. ronald reagan did it very well in 1980. this can be done again but i do believe that the philosophy of governing that's employed. and the third obama term would keep these things going. it's this philosophy in the policies that flow from it which basically believes that we need to delegate our power, our money and power and decision-making to unelected bureaucracies to run our lives, to m

withoutuire adult dependents to participate in education in exchange for receiving the benefit and the cbo score that is fairly significant savings. we need to reform social security disability. work safety is probably better now than it has historically been in this country. we have had a tremendous rise in social security disability. lastly, you think that wealthier seniors ought to -- i think that wealthier seniors on a pay more for the medicare investment, i voted for plan that essentially does the same for medicare as it does for federal public employees in terms of their health care plan, provides options and you can choose an option in the the medicare option, where there are no additional payments, or you can choose higher options where there are. anyway, i think it is when weuous to say -- talk about wealthier americans paying more for their social security, that that is raising costs for all -- response if necessary. >> it is not just wealthy seniors would pay more under congressman coffman's when, it is all of -- plan, it is all of us. tax cuts are aimed at the wealthiest americ

they were looking at cbo's and creditor if it is but i thought let's take a step back and i should try to understand something about the global financial system, something about the currencies that we have, the dollar, sterling and also the nature of gold as well because one of the features of this book is to remind people that for 400 years, 450 years we had a gold backed currency. it was only in 1971 when richard nixon famously went off gold. >> host: one of the things i love about this is the dramatic moment. it's about you now dry subjects, money but tell me about that moment when the tv program is interrupted. >> guest: the key moments in any historic narrative there will be key moments when peoples what has happened. it was august the 15th i think on a sunday. it was very much one of those moments when richard nixon essentially appeared on national television after bonanza which was a great cowboy show, not really my time but some of the viewers will remember the show. he interrupted the show to say we are not going to allow the dollar to be converted to gold anymore and this in

the cbo says this will 900,000 people above the poverty line but it's also going to cost businesses 500,000obs. finally, the regulatory maze continues to grow. shall and must appear more than they did in 2007. regulations cost small companies $11,000 per worker per year to comply with according to the competitive enterprise institute. and what's more, businesses just are not feeling like things will improve much over the next six months. according to the nfib. >> okay, kate. come and join us here on set. >> sure. >> you know what my beef with all of this is, at any given time, right, brian, you can complain about something. businesses of any size could complain about something. there's always something to whine about, right? is it that much worse now? i mean, what is so different about now than in past situations? kate? >> i think as we said, the regulatory maze continues to grow. and i think with open enrollment period arriving right now, business owners who offer their workers insurance and those who don't both really concerned. premiums are going up. and if they don't comply with the law

former new hampshire senator judd gregg and bloomberg columnist peter or his, the former director of the cbo also the omb and is now the chairman of the investment banking at citigroup. thank you both for joining us. senator, i know you will be at this event this weekend and the both of you will be at the event in dartmouth. we are talking about how to bring two sides together to continue to promote health care reform in the united states. there are continuing questions still. the republicans feel they are still not adding enough transparency on health-care reform. probably true but that's not what we are meeting at dartmouth about. what we hope to do it dartmouth is bring together leaders in public policy and health care policy with staff of the senate and the house, senior staff, on both sides of the aisle and try to come up with a few targeted ideas with both sides can agree on. hopefully, it will bend the cost care in the out years particularly with medicare. medicare is driving our fiscal problems as a nation and health care is but medicare is the key component of that. but hope to come

sandberg of facebook, cosmopolitan magazine, the cu of getty images, and the ceo of the have doneg giant cboe the conversation. they have launched campaigns like always like girl. they took video of men and women saying run like a girl. throw like a girl. work like a girl. and what to those images look like? people behaving in a silly campaign. they started a campaign where men were doing female type things, get ready for prom, change a diaper. noweters and advertisers have an opportunity to change the way women are per trade -- portrayed. girlfriend,than the and if they want us to buy their products, they need to change the way they advertise to us. we have that conversation today. you don't want to miss it. >> what does it mean to be like a girl? fantastic. she is a big star in the media world. >> don't we want to be portrayed as more than just the girlfriend? [laughter] women,re powerful stephanie. the northrent note, korean leader hasn't been seen in public for one month. smarting all sorts of rumors about where he is been hiding. more on that story next. ♪ >> let's get caught up on glob

>> well the cbo has said half a million jobs could be lost but with the small business tax relief like it has been done in the past it seems to offset that pace. >> the renewable fuel standard is under debate it seems every month in the heartland and in washington, d.c. do you support continuing the renewable fuel standards and how long should it be maintained, mr young? >> i do support continuing the standard. what i don't support is the epa medaling with it because the standard has been set in the law and if it is going to be changed it should be done through congress. i don't have a crystal ball and can't tell what stage you move the standard if you move it. but i believe the industry will get to the level where it is competitive at the pump with other fuels. >> ms. appel would you maintain the standard forever or do you foresee a point where it can be removed? >> our economy and farmers and families depend on this so i truly support it and we need to make sure we send someone that supports the renewable fuel standards here. unfortunately my opponent has stated he want to phase out

apparently, the cbo estimates this would raise about $29 million in the next decade.'s a lot of symbolic value of people are getting upset. >> there are been something like 41 or 42 inversions in the past 10 years. , i guess, the notion of fair share. >> let's do a data check. .old advances $8 not much going on. equities still well above 70,000. >> china signaling they may growth rate percent to slow. finance minister saying -- isi has built a career around understanding china is -- our guest for the hour. why would china not necessarily prices,to lower housing foreign direct investment at a four-year low and now we find out manufacturing tutoring toward contraction? >> they will and they already are responding, as farce i can tell. they haven't made any major across-the-board fiscal stimulus steps or major monetary policy cuts. they're doing what they call targeted measures with the throw a bone to one little constituency or another. they add up to a major stimulus. china's economy is clearly weakening in terms of growth versus where it has been in the past. likeliho

the august jobs number was a rnowner, use of the cbo jeebies the projectioments that came ou where theyowngraded as to the oneith r wa that was a do's look in your wages, your paycheck, employment numbers, labour participation rate, everywhere you lpeoplk it is no really great news. not necessarily terrible news but not thebut ecdyery we up,ou be havinill b stuart: here is my theory, wait for it, thebut t alublican sweee egenate. we will then get some degree of tax reform and the economy will have a nice period of gr sos an hillary clinton walks into the white house in november of 2016. >> you are always the optwhenis and i am always the cynic in this conversation but i don't know what it is about president obama's history that makes you think this guy will compromise on an ushing. he has had opportunities to compromise on immigration, taxes, entitlement reform, the budgter , he hasn't taken a sin leaportunity to compromise. these are bipartisan issues where you had solutioments in congress on both sides. stuart: military act against crisis dragged, hiche who wants to be the president a

and it gets back to cbo indicates that much of the reason that it is working so well is the competitive nature that we have. i mean, that's what the study says. and yet we're going to limit competition. we're going to limit options for our seniors. some cancer, some antidepressants, some anti-epileptic. these are serious things. and so you and i can banter back and forth, but really, what i need is on behalf of the american people, your assurances here today that that's not going to happen? >> now you're bringing in specifics. i'm not interested in bringing back the drug categories if that's the question. i am interested in promoting competition, promoting private market. and i think we've tried to do that with the marketplace rules as well. we would continue to work with that. >> we're not going to limit competition and we're not going to narrow what people can get? >> that would be my preference, yes, sir. >> that's your assurance? >> that's my assurance. >> all right. thank you. i yield back. >> could you yield to me? >> be glad to. >> briefly, item 4 from the gao says perform a comp

you have seen the cbo estimates, right? >> yes.tals rose for people the way you take pension and run it themselves. i think it's one of the great untold stories. martin was on this morning, paychex, there's not a lot of business formation because obamacare is hard to understand. it's hard. i tried to understand. it's very hard. >> yeah, hard to know when the rules keep changing too. >> yes, and how many people, wait, see how it plays out. >> court challenges. >> so difficult to understand. >> right. >> we'll get stop trading with jim in a moment. dow's negative, s&p up a touch. be right back. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. one that helps you think differently about what's ahead, and what's possible when you get things organized. ing u.s. is now voya. changing the way you think of retirement. >> time for cramer in stop trading. >> listen. we have to focus on security. it doesn't stop, right? whether it be jennifer lawrence, whether it'

legislation that the cbo and others have determined would be good for the economy. i'm explained to you with the president's announcement was. the president made this announcement in light of the fact that there was common sense legislation that strong support across the country and in congress, to address a problem that every technologies exist. -- acknowledges to exist. the president has determined, within the scope of his authority as laid out in the constitution, to take whatever steps he can unilaterally to try and mitigate some of the problems caused by our broken immigration system. the president is determined to act to do that. but the president is also happy to allow whatever he eventually decides to implement on his own to be superseded by congressional action. that would provide a more enduring and robust solution to these problems. >> what about the timing? >> why did he say he would do by the end of the summer? especially if that's not what you're going to do? >> i don't have any updates to terms of the timing for presidential action. the president is d

so cbo outlined why it is much more politically attractive to make the argument that an investment of u.s. tax dollars leads to a specific outcome -- i if the- i don't think conversation is only going to be a direct program versus a relatively nebulous investment, i don't see how that argument is going to be persuasive over time. i think you have to do a couple of things. you have to change the conversation. one thing this crisis provides to think aboutty health systems as a protection for the world as well as for these countries for the kinds of problems ebola illustrates. there is an argument -- people in the united states want to look health infrastructure. we may not think about it they today for year-to-year but we sure do want the cdc functioning before 2009 with h1n1. we knew it was not as serious a pandemic, we forget about the constant drumbeat of news stories on cnn, the lines in the parking lot at cvs. there was a demand for public action. argument we are going to be safer as a country of the world a safer and thereby investing? i'm wondering when we change the conversation

i think we can easily become involved in ngos, cbos and education and awareness is the first step.ber for you. when we look at the way to fix this it is estimated some 60 to $80 billion is lost every year because of this. but the solution is only $80 billion. you can recover the cost by investing in good sanitation and water supply in one year and fixes it forever theoretically. >> i love that a gender issue, issue of girl safety is just water. it's just water. >>> up next what if a member of u.s. congress and a muppet came to the table together to put forward a solution for the world sanitation problem? one thing i've learned is my philosophy is real simple american express open forum is an on-line community, that helps our members connect and share ideas to make smart business decisions. if you mess up, fess up. be your partners best partner. we built it for our members, but it's open for everyone. there's not one way to do something. no details too small. american express open forum. this is what membership is. this is what membership does. mm. feel it. j.j. watt? you know there