guest host is david walker. former u.s. controller general, president and ceo of peter g. foundation. david, we've been talking a lot about health care today. we've got serious thoughts about where tough decisions are going to have to be made to pay for health care to everyone. >> right. let's kind of review some of the things that happened so far today. on prescription drugs there are going to be some issues on the limited reimportation. competitive bidding for prescription drugs for federal c programs and potentially a limitation on advertising prescription drugs. most industrialized nations don't allow that. there's a constitutional issue. if you ling it to whether you're eligible under federal programs you can deal with the constitutional issue. we've got secretary sebelius whc i have a great deal of respect for but frankly i was disappointed she didn't answer questions. i didn't feel picked on because she didn't answer anybody's cc questions. there's a serious issue of what's the cost beyond ten cc years. prescription drugs, you know, wc made a huge mistake on prescri

here with us now the president and ceo of the peter davidson foundation, david walker. he was also head of the government accountability office as comptroller general of the united states. >> and let's ask david because david, unfortunately, is a total numbers nerd. this is all he does every day while the rest of us are hanging out with our families david is crunching numbers on a calculator and, david, give us the long and short of it. the president says that his health care reform plan won't increase the deficit. or actually is. it's more like henry waxman and nancy pelosi right now. is that correct? >> he doesn't really have one yet. >> no, it's not based on the plan that's on the table. let's talk about the positives and the negatives. the president is correct to say that the status quo was unacceptab unacceptable. health care costs are out of control and we need to move 10 some level of basic and essential coverage. however, you cannot reduce costs by expanding coverage. that's an oxymoron. we're underfunded $38 trillion in medicare and we're not doing anything mean

you have david walker on here. i've been on.here are been many who have been on talking about the need for reform. that part has to get done. i hope it's not dead. i know president obama believes that. i know republicans and democrat in a bipartisan way. the senate finance committee, it may be the last best hope for bipartisan reform. senator grassley and senator ba backus are working feverishly to get something done. even though it may not get done in august, i think that's the focal point to find a good bipartisan bill. >> you've heard people like chris dodd say, in his words, leadership is right now more important than bipartisanship. they want to get a product out there to keep the debate going. it's like a shark. if it doesn't go forward, it dies. >> the democrats control washington, no secret. they're going to say, leadership has to come to bear if in fact they want to pass a bill. the reason they're not passing a bill because of republicans. >> their own party. >> yeah. democrats haven't figured out what they want yet. >

>> we may have to do one or the other. >> it's going to be expensive. >> david walker and others whoe come in here say fix it first. >> we have governor dean coming on. he just says stop the arguing. go to reconciliation. we're pushing this through and we're going to fix it. we'll see if he still feels that way. you have to take your medicine, you 84%. >> well, if they do that, they may have to pay the piper in about 15 months. >> people say social security is the third rail but this affects everybody. we'll talk more about it. >> in the meantime, futures this morning are -- let's see, asia had a pretty good night overnight. europe had a pretty good night. you see some of the earnings out of europe, bp, alcatel, volkswagen, royal touch all beat expectations. it took us seven sessions wab joe, to get from 52 to 48. >> that was a big drop yesterday. >> ten-year note, we continue to watch the options yesterday and the five i don't think was that oul hot, either. >> which means today you get another auction of the seven year and people will be watching that very, very closely. >> and som

brian monroe and david wilde who was part of the memorial's production team, james walker and jeffreybout what he meant for smokey robinson and stevie wonder and that generation as well. >> campbell, by weird media circumstance i happened to talk to stevy, smokey and lionel for the "rolling stone" special tribute issue that is just out. in each case the love that came through and the truth with which they spoke because i have to tell you in all instances, beneath the love there was anger, some righteous anger. smokey robinson who, of course -- i'm sorry, stevie wonder, being stevie wonder was the last person we interviewed for the issue. he expressed, you know, anger that a sensitive soul like michael could not sustain the sort of media hate he encountered. some people were not meant to face the tmzs of the world. lionel richie spoke powerfully about the tabloid world michael entered the world becomes like a playground and now some of the bullies who the king of pop, wh were vile to him at the time. it was really interesting. but underneath all of their anger, stevie, smokey, linel, t

. >> even somebody like david walker, former controller of the united states, that has been very concerned about the amount of deficits we're running up said in weak economic times it is the federal government's responsibility to spend more to try to ease some of the real pain consumers will feel. >> sure. but i think you need to have a balanced approach. what we've seen out of washington is massive spending in the name of stimulus, much of which isn't going to help the economy, i do not believe. we haven't seen anything to try to incentivize the private sector. what does all this trls of dollars of spending in washington do, to help our companies, businesses be more competitive in a global economy? nothing. we haven't helped our corporations. we haven't helped our small businesses that create jobs. in it's very disappointing for all the spending and rhetoric we haven't seen any action that led to -- >> energy is one of your pet issues, right? >> absolutely. >> what is wrong with carrot and sticks to get people investing. >> as critical as imin washington, there's two things positive, one

david: they sell aloft liquor. >> we're talking about vodka, johnny walker whiskey. it's inexpensive and global. david: jack? >> unfortunately, a lot of the input costs of these alcoholic beverages i believe are going to rise, cut into the margins of diageo and hurt stock. david: but we'll always be interested in defense and space. >> that's right. if anything holds true, it will be defense contractors, long-term budget, their ability for to have long term extract money from the government. they're going to have to continue to spend at a certain level, and raytheon is a great place to be to benefit from that. david: and the stock is trading low, time to get in. >> because the market knows obama's going cut our missile defense system to virtually nothing. that's going hurt raytheon. david: what happens if that happens? >> raytheon does a lot of electronic components to some of the aircraft and other vessels in our defense industry, so i think that's a safe place to be, not necessarily the missile defense

walker? >> diprivan. >> say what? >> diprivan. out to dr. david posey, medical examiner, joining us out of l.a.ative hypnotic, and as you've already stated, nancy, it's a drug that must be used in the hospital under controlled conditions where you can have the patient ventilated, if they go into -- >> wait, wait, wait. ventilated, you mean a tube down their throat? >> yes, that's -- >> we're just lawyers, doctor, help me. >> of course. >> a tube down your throat? it's that dangerous? why do you have to have a tube down your throat to use this drug? >> it is usually used to induce anesthesia and if you want to induce anesthesia to put somebody to sleep so you can operate on them, you want to be able to control their breathing and want to be able to control their heart rate and so forth. if you are using a drug that is this powerful, that is the only way i know how to do it. or at least be in a situation where you can quickly intubate if necessary. so this is a very, very powerful drug. should never be used outside of the hospital. >> you would only use it intravenously? >> yes, ma'am, that's cor

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