and david asman next, h-. can college graduates need loir interest rates but they need jobs. i am david asbin with the white house and congress in a frenzy to accept lower student loan . we are finding out over half college grads are underemployed working as waiters. do they need jobs or loir rates. we'll go with steve forbes and victoria and steve and rick and mike. we have the a-team. rich, start with you. >> they need jobs. you can't pay back a loan if you have a lousy job. and we need a functioning economy. on friday we have terrible news that the first quarter. is exactly half of where the american economy should be in an economic recovery and an administration that never talks about economic growth. they talk endlessly about fairness and consequently a poor job environment and we have a crisis brewing in student loans. >> rick, lower rates don't help if you don't have a job. >> the truth is, you need both. kids have to get prepared for the work force that is the future. one of the things we do too often is judge things by what is happening right now. state of ohio said t

i'm david asman, steve forbes, rich karl approximate >> receive, even though a lot of union members, up to about 40%, support republicans over 90% of the money unions spend on candidates go to democrats. >> you would never know but in 1988, the supreme court said you can't force union do dous. you shouldn't get them for political purposes unless the union says take it out and has written permission. >> rick if i was a union member, i would be upset about this, no? >> you know, let's set aside steve's interception of financial core. we greatly appreciate this outpouring of affection for union members and your heartwarming concern. let me make a suggestion. maybe you can direct it towards mistake's public companies making contributions to political organizations and not telling their shareholders. how do we know that? just this week, some of our nation's largest companies publicly withdrew support from an organization supporting causes their shareholders didn't like, their customers didn't like. when they complained, these organizations pulled out. why didn't shareholders know? they ha

and david asman next, h-. can college graduates need loir interest rates but they need jobs. am david asbin with the white house

gregg: david asman, thank you very much, david. >> reporter: you got it.some new information from iran, just days before nuclear talks are set to resume, president ahmadinejad is claiming iran can withstand this european oil embargo for two or three years and can manage its economy without oil exports. tehran cut off oil sales to greece today, ahead of the embargo fully enforced by the e.u. in a few weeks. iran has already cut sales to england and france. the e.u. voted to impose the ban starting in july because of iran's controversial nuclear program. big question though about whether or not russia or china is going it get on board and they're big customers. >>> as the world waits to see if nuclear talks with iran this week will produce results or happen at all another country is getting more taings. asker by january -- azerbaijan, while it's a predominantly shooa muslim country, like iran it has distinctive characteristic, its strategic location makes it particularly important as a possible area from which israel could launch an attack or land its planes

joining us live, fox business's network david asman. that is a big question, david. >> it is.na: what does this mean will exhaust the reserves by 2033. >> we're always hearing these stories how social security is running out of money but decades in the future. we're finding out according to the trustees. these are people that pick over social security reserves like nobody else does. they say only four years one of the trust funds of social security will run out of money. there are two trust funds. there is the retirement trust fund we all know about. i say trust fund in quotes because not many people trust it will be there. then there is the disability trust fund that. is the one they say will run out in four years. by 2016. it is extraordinary that is such a short time from now. jenna: david, does that mean simply no more money? >> no more money. that means what they will have to do is cut benefits dramatically for both trust fund, both for disability and for retirement accounts by 25% if they run out of money. now why you might ask are they running out of money? one is incre

david asman might know.hor for the fox business network. >> reporter: i did my taxes on saturday. i don't know about you, jenna. you are much better prepared. jenna: i get stretsed out. i couldn't leave it for the last moment. >> reporter: i was paying over 30%. did you ever wonder who gets all the tax breaks? president obama paid 20% federal taxes. i paid over 30, mitt romney said like 14 or 15 perfected. now there is a study out showing that 46% of all americans say zero, nothing, no federal income tax at all. that makes a lot of people like us feel pretty lousy. a lot of people in the middle paying their fair share feel pretty bad. the poll that you mentioned right at the top of the thing, 47% of americans feel they pay about the right amount of taxes. that's because 46% of americans pay no taxes at all. of course you feel good about the amount of taxes you're paying if you're not paying any taxes, right? that is the point. you hear a lot of talk about fairness in this political campaign year. what is fai

. >> david assman. >> asman. >> sure. >> you has dinner with him. >> christmas. >> that poll that yout the amount you are paying if you are not paying any taxes. >> those people do pay taxes, mr. asman. >> uh-huh. >> yes but i said it with a republican accent whereby i slur my constantants. >> they pay taxes on gas -- >> aren't they the ones with class war fair? >> yeah. >> all i know is bain made romney a rich man. ♪ ♪ [ indiscernible ] ♪ ♪ keep all your money in a big swiss bank ♪ ♪ bain made you a rich man ♪ >> thank you mike in raleigh. penny in oklahoma wants to talk about ted nugent. >> he really was about a third-rate guitar player at the best, and i think we should just have a big memorial service for him. >> he actually was a better guitar player than he is a pundit, so you have to give him that. >> cat scratch fever was a catchy song. >> um. kids how do we keep this whole operation afloat this number 11 talk show host in the country? [ bell chimes ] >> go to meeting that's how. everybody is in a different city. we're all over the country. we need go to meeting, because you h