i want to ask david walker a question. david, let's look at projections about the national debt in the united states. if we do nothing, it stays online. by 2035 or 2040, we're at 80% of our gdp. 80% of what we create economically as a nation, our debt will be at that level. if things continue the way they are going and current policies are enacted, which are going to cost us more money, look at where that line goes way up above 200%. here is my question for you, david. i know what joblessness is all about. i know people who lost jobs. what happens? tell me what it feels like to have deficits and debts going the way of this line chart. what does that actually mean? how do i feel it? with what happens to me as a person in this country? >> what it means over time, not now, but over time if we don't correct our course is much higher interest rates, much higher inflation, a dramatic decline on the value of the dollar, higher unemployment, lower economic growth, lower standard of living for our children and grandchildren. look,

david walker has carried out that review and made his report.s made it very clear that he thinks we should make progress with the transparency agenda at the same time as other european countries. that is a view we think should be taken into account. >> the right honorable gentleman shakes his head, but the fact is that he was part of the government who appointed david walker. i would rather listen to someone who knows something about banking than someone who knows nothing about anything. >> the prime minister will have to do better than that. he is demanding transparency -- rightly -- from the public sector, but unless we have transparency in the banking system, shareholders cannot exercise their duty to clamp down on unacceptable bonuses. the business secretary issued a statement on monday, when news of the climb-down was in the offing. he said: transparency is key to creating confidence in any commitment from our banks to behave more responsibly on pay and bonuses. why will the prime minister not listen to his business secretary? >> we agree w

the fact is -- the fact, he was part of the government that appointed david walker. i'd rather listen to someone who knows something about banking then someone who doesn't nothing something about anything. >> mr. speaker, he'll have to do better than that. he's demanding -- he's demanding transparency, rightly from the public sector. but unless we have transparency in the banking system, then shareholders can't exercise their duties to clamp down on unacceptable bonuses. when there was news when it was in the offing and he said transparency is the key to confidence in any commitment from our banks to behave more responsibly on pay and bonuses. why won't the prime minister listen to his business secretary? >> we agree with the approach of transparency. that is why the walker review was set up. that is why we should examine what walker has to say. i have to say i will take lectures from the honorable gentleman about certain things but not about the bank. he was in the treasury when they didn't regulate the banks properly. he was in the treasury -- he was in the treasur

welcome to our program, tonight, martin fed sign and david walker on preliminary proposals for reducing the federal deficit. >> one of the most exciting and to me positive things about this plan is that they spend a lot of attention on the so-called tax expenditures, the spending that is built into the tax code, and they indicate just how much potential there is for deficit reduction in reforming those tax expenditures. >> rose: in the final analysis the president of the united states has to look at all different options around the table and decide what he is going to embrace in his 2012 budget and part of his legislative agenda he has to lead and the republicans and democrats in congress have to work with him, because we can't afford to wait another two years to start addressing this problem. >> rose: we continue with one of the great reporters of our time, dexter filkins of the new york times. >> we are saying yeah we are going to pound the taliban as we are doing now, we are going to bleed the taliban, we are going to diminish them as much as we can and force them to the table. but a

there's a column by david walker.08 kept the government's books. he knows how messy they are. he writes this column in the wake of this new proposal from the president's commission on debt and deficit reduction. david walker says the country needs an open public debait on the role and the size of government, health care spending and comprehensive tax reform. he says as the country tries to debait what to do, the nation's ticking fiscal time bomb is real and must be defused. the time for action is now. it is worth reading. one of the things you'll find on cnn.com/politics. you mentioned the alaska vote count. that senate race is still unresolved because of the write-in campaign of lisa murkowski. they're counting the votes in alaska. 92,000 write-in votes need to be counted overall. 19,203 were tallied on wednesday. 89% of those were clear votes for lisa murkowski. she's the incumbent. joe miller beat her in the republican primary. the miller campaign is challenging those votes. the miller campaign is challenging those

the fact is -- the fact, he was part of the government that appointed david walker. i'd rather listen to someone who knows something about banking then someone who doesn't nothing something about anything. >> mr. speaker, he'll have to do better than that. he's demanding -- he's demanding transparency, rightly from the public sector. but unless we have transparency in the banking system, then shareholders can't exercise their duties to clamp down on unacceptable bonuses. when there was news when it was in the offing and he said transparency is the key to confidence in any commitment from our banks to behave more responsibly on pay and bonuses. why won't the prime minister listen to his business secretary? >> we agree with the approach of transparency. that is why the walker review was set up. that is why we should examine what walker has to say. i have to say i will take lectures from the honorable gentleman about certain things but not about the bank. he was in the treasury when they didn't regulate the banks properly. he was in the treasury -- he was in the treasur

peterson foundation, david walker, also the author of "comeback america," turning the country aroundte a book in 2004 talking about how irresponsible washington is on spending and actually went after george w. bush. i hear george bush trying to defend his fiscal record. i wonder what numbers he's looking at. >> well, unfortunately he's not very good at math and recalling the numbers. he was probably the most fiscally irresponsible president in the history of the united states. now we are still out of control and hopefully we're going to be able to regain control here in the near future. >> we're excited to hear, at least i am -- i don't want to speak for anybody else, about the deficit commission. it seems like a lot of leaders in washington are actually behaving rationally. talk about your initial thoughts of this commission report and the response to it. >> well, i think the co-chair's proposal is commendable. it's comprehensive. it's constructive. and i think most people on the hill are dealing with it in a responsible fashion. with all due respect to speaker pelosi, her comments

the fact is -- the fact, he was part of the government that appointed david walker. i'd rather listen to someone who knows something about banking then someone who doesn't nothi something about anything. >> mr. speaker, he'll have to do better than that. he's demanding -- he's demanding transparency, rightly from the public sector. but unless we have transparency in the banking system, then shareholders can't exercise their ties to clamp down on unacceptable bonuses. when there was news when it was in the offing and he said transparency is the key to confidence in any commitment om our banks to behave more responsibly on pay and bonuses. why won't the prime minister listen to his business secretary? >> we agree with the approach of transparency. that is why the walker review was set up. that is why we should examine what walker has to say. i have to say i will take lectures from the honorable gentleman about certain things but not about the bank. he was in the treasury wh they didn't regulate the banks properly. he was in e treasury -- he was in the treasury when the

the fact is -- the fact, he was part of the government that appointed david walker. i'd rather listen to someone who knows something about banking then someone who doesn't nothing something about anything. >> mr. speaker, he'll have to do better than that. he's demanding -- he's demanding transparency, rightly from the public sector. but unless we have transparency in the banking system, then shareholders can't exercise their duties to clamp down on unacceptable bonuses. when there was news when it was in the offing and he said transparency is the key to confidence in any commitment from our banks to behave more responsibly on pay and bonuses. why won't the prime minister listen to his business secretary? >> we agree with the approach of transparency. that is why the walker review was set up. that is why we should examine what walker has to say. i have to say i will take lectures from the honorable gentleman about certain things but not about the bank. he was in the treasury when they didn't regulate the banks properly. he was in the treasury -- he was in the treasur

guest: you have characterized david walker's view. that is what he is for. in the short run, we could cut spending and we could cut taxes, or at least not raise them. i do not think republicans are proposing new tax cuts in the near future. they do want to continue the bush tax cuts. if they are allowed to lapse, it would be harmful to the economy. as the president said last week when the new jobs numbers came out, we need private sector jobs. we need more. 155,000 or something like that is a big improvement, but it is not nearly enough. still not cover the new people, the younger people coming into the economy. we need investors and people who are going to create incentives to do that, to create more growth and more jobs. you are not going to do that if you have a big tax increase. host: kentucky on the independent line. caller: there is a major difference between economics and mathematics. i do not know if people who call this program can discern that. you have so many variable theories floating around. mathematics is an absolute science. i know something

guest: you have characterized david walker's view. that is what he is for. in the short run, we could cut spending and we could cut taxes, or at least not raise them. i do not think republicans are proposing new tax cuts in the near future. they do want to continue the bush tax cuts. if they are allowed to lapse, it would be harmful to the economy. as the president said last week when the new jobs numbers came out, we need private sector jobs. we need more. 155,000 or something like that is a big improvement, but it is not nearly enough. still not cover the new people, the younger people coming into the economy. we need investors and people who are going to create incentives to do that, to create more growth and more jobs. you are not going to do that if you have a big tax increase. host: kentucky on the independent line. caller: there is a major difference between economics and mathematics. i do not know if people who call this program can discern that. you have so many variable theories floating around. mathematics is an absolute science. i know something

guest: you have characterized david walker's view. that is what he is for. in the short run, we could cut spending and we could cut taxes, or at least not raise them. i do not think republicans are proposing new tax cuts in the near future. they do want to continue the bush tax cuts. if they are allowed to lapse, it would be harmful to the economy. as the president said last week when the new jobs numbers came out, we need private sector jobs. we need more. 155,000 or something like that is a big improvement, but it is not nearly enough. still not cover the new people, the younger people coming into the economy. we need investors and people who are going to create incentives to do that, to create more growth and more jobs. you are not going to do that if you have a big tax increas host: kentucky on the independent line. caller: there is a major difference between economics and mathematics. i do not know if people who call this program can discern that. you have so many variable theories floating around. mathematics is an absolute science. i know something ab

guest: you have characterized david walker's view. that is what he is for.in the short run, we could cut spending and we could cut taxes, or at least not raise them. i do not think republicans are proposing new tax cuts in the near future. they do want to continue the bush tax cuts. if they are allowed to lapse, it would be harmful to the economy. as the president said last week when the new jobs numbers came out, we need private sector jobs. we need more. 155,000 or something like that is a big improvement, but it is not nearly enough. still not cover the new people, the younger people coming into the economy. we need investors and people who are going to create incentives to do that, to create more growth and more jobs. you are not going to do that if you have a big tax increase. host: kentucky on the independent line. caller: there is a major difference between economics and mathematics. i do not know if people who call this program can discern that. you have so many variable theories floating around. mathematics is an absolute science. i know something a

report that was prepared pursuant to section 3.10 the of the 2009 walker supply agreement -- 3.10b of the 2009 water supply agreement. >> david rigs, manager of water supply and treatment. the state of the water system report was completed and sent to the wholesale customers. the report is three things. first, it satisfies the contractual obligation spelled out -- spelled out in the 2010 agreement. in that agreement, there is language outlining how the report should include an update on completed and planned maintenance as well as completed and planned capital. the timing of the report is synchronized with the budget. as the budget proceeds in the fall, the report is due in september. the budget proceeds in an informal way throughout the fall. that is why it is time for september. the second complement of the report is it gives us an opportunity to outline an active management plan and strategy. here is where the report houses a great deal of the permission about our assets, inventory, the condition they are in, the complete portfolio of maintenance programs we use in the system. it integrates that with the planning process.

and right after the game stay tuned for the post game show featuring david feldman, lindsey murphy and doc walkerlick on the sports tab at myfoxdc.com. >> just updating here. it's all good. >>> time now is 8:36 on a monday morning. and tight security measures causing controversy. hear from one pank who refused the new body -- hear from one passenger who refused the new body scan and how it worked out for them. stay tuned to fox 5 morning news. >>> checking headlines around the country this morning. the military hearing to the accused ft. hood shooter is expected to wrap up today. it's been on hold for three weeks. lead defense attorney said that he doesn't plan to present any evidence. the hearing is meant to determine if major nadal hassan should stand trial for last year's deadly shooting rampage at ft. hood. >>> a san diego man is speaking out about his controversial run- in with airport security. john tyner missed his flight and was escorted out for refusing to take part in a tsa full body scan or get a pat down. he is one of many people that believe the search method is just too invasive. >>

walker. why would they send my parents a check? chase what matters. ♪ ♪ david design a plan to dismantle them." david harmer is just too radical. we need jerry mcnerney. protecting local schools from devastating cuts. endorsed for his "independence" by the contra costa times stockton record, and our local teachers. i'm jerry mcnerney and i approved this message.