david walker is president and ceo of comeback america initiative. he's made it his mission to promote fiscal responsibility. he joins us along with cnn political analyst, david gergen. david walker, let me start with you. the house republicans put forward their counter proposal. speaker boehner says it's credible and the white house should consider it. is it credible or is it more of what you have called the irresponsible unethical immoral behavior of all the politicians here in washington? >> i think both sides are now putting things on the table but i think they're confused. what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thoug

. >> joining us on the topic is david walker. he's on his way here right now. >> and in global market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the country's efforts to cut its about a along debt. and in germany, merkel is not ruling out the possibility of notifying greece some of its debt once athens finances are in better shape. angela merkel told a german tabloid that the question of the so-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450

. >> nicolas david walker the coaches over. >> i am never disappointed. >> who do you want to sound like? i want to be me. >> terry mcdermott's sound comes from across the atlantic. >> that was musical perfection. >> the scotsman was reluctant to try out. >> it is not basically pop nightmare i expected it to be. it is about music lovers. >> music fans will determine the next winner. tomorrow is the big day when the winner will be crowned. it is one to be in action packed to our share with big names including rhianna, kelly ampton.n, and peter fradk >> new at six. >> searching for solutions in the wake of the sandy hook shooting. are tougher gun laws the answer? >> area parents have a hard time sending their kids back to school after the connecticut massacre. that story is next. >> another late-night shooting in downtown towson. 11 news at 6:00 p.m. starts right now. >> you're watching wbal tv 11. live, local, late breaking. this is 11 news at 6:00 p.m. >> the shocked and now the a reality. sandy hook elementary school parents begin burying their children. >> family members -- services we

controller general david walker, it gets worrisome. it looks to me a chance of showing some semblance of order that gone out the window, what now? >> there is a reason it was called plan b . what we need to do is pursue plan a. we can still have a chance to get a plan a. but to get a plan a, the president has to be more forth coming with regard to spending reductions. what needs to happen is we need to be able to avoid the fiscal cliff. have a meaningful down payment on revenues and spending reductions, including mandatory spending and build a bridge to get a grand bargain in 2013. the conservatives are out of touch with reality, if they think that taxes are not going up for people over a million dollars, the real problem is we have to do more on the spending side. and the president has to be more forth coming in that regard. neil: very well put. you harken back to something i heard from conservatives, they could have swallowed the taxes going up on millionaires even though it was against their inner core. but they saw no quid pro quo.

finally, we have david walker, founder and ceo of the comeback america initiative. he is formally the comptroller general of the united states. he was also the head director of the u.s. government accountability office for almost 10 years. he is widely read and has written numerous articles on the debt and deficit. he has a new initiative which makes tremendous sense. his new group is looking at the efficiencies, inefficiencies, duplications in the government to try to find areas where we can save money without cutting. it is a very interesting initiative, one that you ought to look into and see about supporting. i hope we he will mention it briefly in his comments today. i will turn to the panel and sit-down and we will start discussing hopefully some of these issues. [inaudible] >> the short run problems of the fiscal cliff, but we're going to do with this debt and deficit issue and take time to summarize how we should look at these issues. i will start with david on the far side and move right across. >> thank you for coming. first, there are common denominators

and then finally last but not least, we have david walker, founder and c.e.o. of the comeback america initiative. david's formerly the comptroller general of the united states. he was also the head director of the -- of the u.s. government accountability office for almost 10 years. he is widely read and authored numerous articles on the debt deficit and he has a new initiative which i think makes tremendous sense and may doom it obscurity where things sometimes don't get discussed but david's new group is looking at the efficiencies, the inefficiency, the duplications in the government to try and find areas where we can save money without cutting. and i think it's a very interesting initiative and it's one that you all should look into and see about supporting and i hope that he will mention it at least briefly in some of his comments today. so with that introduction, i'm going to turn to the panel and i'm going to sit down and we're going to start discussion hopefully some of these issues. >> and i'll start with david on the right side and we'll just move right

then david walker and rudy penner discuss the fiscal cliff negotiations. later, a discussion on the potential impacts of the negotiations and state budgets. >> the white house was very controversial, as most americans were. they designed washington city. there was competition. he designed a design for a palace. it was not particularly awe- inspiring. in fact, a european diplomat told congress it was neither large or awe-inspiring. but the answer the congressman gave was the building serves its purpose. it is larger and more elegant. photo mer new york times bodh critic on the white house. watch it on sunday on c-span three on "american history tv per." >> congressman steve scalise and jim jordan. >> thank you for coming. to delighted to welcome you a presentation by the outgoing and incoming chairman of the republican study committee of the u.s. congress. we are privileged to host this event and welcomed the incoming chairman and to think the outgoing chairman for their service. this is a special friendship between aei and the republican committee. we have

. >> david walker used to be the government's top accountant, the head of the government accountability office, the gao. he now heads the peter g. peterson foundation, which is a strong advocate for reducing government debt. he says that 85% of the health care bills are paid by the government or private insurers, not by patients themselves. in fact, most patients don't even look at the bills. does that make any sense? most things you buy, the customer has some impact. >> we have a system where everybody wants as much as they can get, and they don't understand the true cost of what they're getting. the one thing that could bankrupt america is out-of-control health care costs, and if we don't get them under control, that's where we're headed. >> as we'll see when 60 minutes on cnbc returns, patients with their family's support often find it easier to hope for medical miracles than to discuss how they want to die. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate

finally, last but not least, we have david walker, founder and ceo of comeback america initiative. david's formally the comptroller general of the united states. he was also the director above the u.s. government accountability office for almost ten years. he is widely read and authored numerous articles on the debt and deficit, and he has a new addition out there now that makes tremendous sense and obscurity in this town where things that make sense don't always get discussed. the new group is looking at the efficiencies, the inefficiencies, the duplications in the government to try and find areas where we can save money. with that introduction, we'll discuss some of these issues. now, first of all -- [inaudible] the fiscal cliff -- what to do in the long run -- three four minutes each how we should be looking at these issues. i'll start with david on the far side and just move right across. >> thanks for coming. first, there are exon denominators between the federal, state, and local levels. some of the common denominators are inadequate budget controls, escalating health care co

that was david walker's point. our guest host on monday.e an education process -- >> i don't pre-judge the choices people make, right? you can make the decision that you want universal health care. >> you need to know -- >> here's what it looks like, what it costs, and obviously the discussion we never have is the opportunity cost, as well. and something that economics -- >> and i asked steny hoyer that question for a reason, you know how the house works. and rick, i'll say this to you, you can tell those guys in the house until you're blue in the face that i won the election and i made it about higher taxes and that still doesn't mean they have to -- you need those guys to pass the law, right? >> that's right. that's right. >> they got elected too. >> the saddest part. the saddest part is that people as smart as the people around that table up there would think that they're going to get the answer of what's truly best for the long-term health of this country by polling. that's why we're not really a democracy -- democratic republic, we're

walker as a student at city college would be better suited for seat 4. >> i will do david mauroff for seat 3 and mr. walker for mr. seat 4. so we do have two more seats. supervisor farrell? >> given that i wasn't here last week i would defer to my colleagues. i was impressed by those who came out and spoke today and thank you. and mr. mauroff, i'm glad to see has been mentioned, but i am happy to defer to my colleagues for seat 2, i think mr. rita evans would be great for the bart riders' interest, especially someone riding [pwa-rlt/] everyday to the east bay and i think you would be very well-suited to that see the. which only leaves one remaining see the, seat 1. >> again, i think any of these individuals would do a great job for see seat 1 and it's hard to choose, but i will say nicole agbayani for see the 1. >> we have a motion for nicole agbayani, the manager at the excelsior action group. so we have nominations for each of the six seats and it's great to see such an interesting around the balboa station to make sure that we're dedicating the interest and attention that is needed

former comptroller general david walker and former congressional budget office director rudy gives the input over the negotiations on the so-called fisca fliff. it's just over an hour. this amendment and a few introductory remarks while they are picking you up. today we are going to talk about three issues very briefly. one is the fiscal cliff, number two is the debt ceiling and number three is the so-called big deal that has to be done on the debt and deficit. unfortunately, those issues convoluted especially in this town. they are distinct. the impact each other but they are distinct. the fiscal cliff is an artificial date. congress came in and says this expires on this date and they extended once and says it expires the second time on this date. they put in the sequestration and says it expires on this date. it is a date. all they have to do is extend the date and allow themselves the time to discuss the issue. instead they are cramming of the issues into a lame-duck session whether the congress gets to let the people that got unelected get the decisions that should be made by the p

chamber of commerce looking at the negotiations of the fiscal cliff they include david walker and rudy penner. this is just over an hour. today we are going to talk about three issues. unfortunately those issues get convoluted in this town. they are distinct. they impact each other but they are distinct. the fiscal cliff is an artificial date, ok? congress came in and said this law expires this date and extended it once and said it expires a second time. they put in a sequestration and said it expires this date. it is a date. all they have to do is extend the date and allow themselves the time to discuss the issues. instead they are cramming all the issues into a lame duck session where the congress gets to let the people they have unelected make the decisions that should be made by the policeman that were just -- people that were just elected. >> i point out that in 1993 when the taxes were first put in many said they will cause a recession. they did not. the economy is improving on its own right now and getting somewhat stronger. so, the impact of the fiscal cliff, while not somethin

. >> obama-care, even though we have those numbers, david walker says that's 12 trillion. >> health carerd, whether obama-care. >> who a's on the way to entitlement reform. >> you have seen some proposals i think could close the gap, looking at medicare, you know, greater contribution rates from upper income people. i think there are -- let's not forget that medicare is a program where the average person has paid roughly $125,000 of premium and has gotten back over $400,000 of benefit. now, we can -- we may choose to do that for people of little or no means. but we really don't need to do that for people around this table. >> >> you say raising contributions versus means testing. >> or means testing, either one. >> let's be clear about this. as i understand it, the deal on the table has $400 billion coming out of health and $130 billion coming from chain to cpi. that's $530 billion on the table cut from the entitlements programs. >> but republican complaints have been they don't know where it comes from and very vague. >> of course. there's a political hot potato i don't understand as we

willie walker and david baja. >> that didn't go very well. >> granted, he did not succeed. but why would it be so popular? did it seem as though it was a different area? the opportunity for expansion? how do explain not quite >> i wrote a book about this code manifest manhood and it's all about support for filibustering. william walker, his exploits in sonora are pathetic and very, very sad. she doesn't know what he's doing. the truth of the matter is when he goes back to san francisco and is tried on violating neutrality rules, he goes free because you can't find a jury to convict him because a lot of americans believe in manifest destiny. but what good is to becomes the president of nicaragua that he becomes a huge national figure. a lot of people in america have these expansive views of what the united states can become. it's not a mutual need to pick is for people to talk about the united states in compassing all of central america, canada, perhaps south america. this is what people think is going to happen. how do you do with the situation? it's not a coincidence that

. >> scott walker, we send you back to wisconsin as david did goliath.your head off and go back into town singing a new song! >> i had a message for him, the bullies, scots walkert and bully governors across the country. we cannot ask for this fight. we didn't pick this fight. but if it's a fight you want, it's a fight you are going to get. >> nothing else! nothing else! we are here to win it! >> sean: joining me now to help us walk through these embarrassing left-wing instances are syndicated columnist and author, michelle malkin, welcome back. >> thanks for having me back? you really are keeping the left honest. you are calling them out for the extreme rhetoric they have and the case of governor snyder and this new legislation, there are calls for him to die a painful death. and it goeso his family appears. this is now a pattern, as we have been pointing out throughout the evening tonight. why don't you tell us what you have found? >> it is. beating a twitchy and my regular clmg and the work that i have done over the last 20 years has exposed the bully

if walker would have caught the pass niners would have won on sunday if david make the 51 yard fieldfinancers we know. instead the play that stands out and everybody focusing on is the aaron pitch that resulted in a ram touch down in the 16-13 victory. moving forward the niners host miami on sunday. rompers says everybody has to play better. >> it's important to finish strong. we talk about 4 quur quurters. this is last quarter. team that do good in play offs if end of november december they kind of click in. kind of get going. good to the play offs. can't come into the the play offs with losses like we did last weekend. not getting on all cylinder. everybody counted them out. they end up whipping the superbowl. we have tm to play. >> college hoops. saint johns and red storm coach born in san francisco wept to sir francis drake high and sf state. led by parker. led by 3 at the break. if taking over in the second half t.up 8. 18 points 14 assist. usf im prosecute office to 5 and 1 and beat saint john 81-65 and good crowd tonight on the hilltop. fun clip of forty-niner head coach harba

walker. look at the show and go and sweet reverse. warriors up early. davidnother double double 25 points 11 rebounds and a little with authority. warriors up 18. passing here. curry wide open. spot up 3. up 21. taylor where did he go? where did he go? curry team high

david: okay. >> you're right, there is opposition to that. they like putting pictures of me and governor walkert at the end of the day we've got to protect pension security for our current employees. put a plan together and we have for new employees. i would have liked to have seen us go even further but i'll tell you, it was a giant step forward when you look where we were. liz: well, mayor, thank you very much. we're glad the strike is over and the only good thing about the nhl lockout is that the l.a. kings can hold onto the stanley cup an extra couple months. david: you have a much cleaner dodgers stadium as well too with the new ownership, right, quickly? >> we have a great dodger ownership. i couldn't be more excited about next year. the same with the lakers. you saw what the galaxy did and the kings. liz: clippers. clippers. david: good sports town. >> clippers, of course. liz: suddenly that is the hot ticket. david: we love new york as well, mayor. you have to understand. we have our own teams here too. thank you very much. good to see you. >> thank you so much. >> thank you. liz: citig

walker is not your daddy. eddie kendrick is your daddy. we thought it was david ruffin.em. you know, david ruffin is my father. because old women love david ruffin. oh, david. temptations were nothing without david ruffin. everybody topping you, otis. >> jimmy: you said you -- i remember you saying this to me. you said "jimmy --" -- you said, "jim, i have a dream dream i would love to play drums with the roots." >> yeah. >> jimmy: but you're not a drummer? >> i'm not a drummer. i want to get my hands on that tuba. i think i get a good set -- on the street. [ laughter ] christmas time too. oh, christmas time is crazy in the hood. yesterday this crack head tried to sell me a fire escape. a whole fire escape. he had a pink huffey bike with it. >> jimmy: -- the fire. i know exactly what you're talking about. i know you can sing. would you like to sing with the roots? >> yes. i had a, i had two wishes in my life. one was to be sitting on the back of that couch in the studio when michael jackson did "lady of my life." and the other was the cover of el debarge. you know what i'

judge vaughn walker didn't go for the big expansive constitutional right to marry that ted olson and davides was hoping he would go for. he had a very narrow ruling. will the supreme court stick to that narrow ruling? if they do, same-sex marriage, assuming prop 8 is knocked down, then same-sex marriage could just be limited to california. and what we could end up have happening is a situation where you have something like 20% of the country where same-sex marriage is legal and if richard is right and doma is struck down as unconstitutional where you could have legally married same-sex couples in, say, california or new york who are then able to avail themselves of the 1,100 something federal rights that come with marriage, and yet gay couples, you know, who've been together for decades in states where marriage equality is not legal, you're setting up a two-class system there and a two-step situation where step one happens and step two is almost inevitable. >> as we think about this, everybody out there thinking about this it's basically two different lanes we need to watch with doma and p

walker. now, we wait for the dna. >> gregg: mystery continues. >> coming up, a live report from david lee mill other the holiday hustle out of the u.s. iavptsd. >> if you are heading home for the holidays or anywhere else for this matter, good news because likely your flight will be on on time. i'll have details from laguardia airport coming up. [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles.

walker is here. he's got the big reveal. >> david, thanks so much. to the wall and start today with aig. hard to believe that a company, aig, nearly went out of business during the financial crisis, and needed every bit of a government bailout, would be a wall street darling now. stock is up 51% year-to-date as the treasury has exited at a big profit. the company has done some exiting, too. recently divested its sake in aia, hong kong-based, and sold more than $65 billion in assets. more capital has pleased investors. the ceo indicated the possibility of a dividend next year, reiterated yesterday with maria on the "closing bell," if the company's capital position warranted such a move. investors would like to see even more sell-off of stock. there are big names in this one. not just fast money halftime steven weiss. they think there's value in a continued gain in shares next year, could prove them all right. david, melissa, it's been quite a stunning turn of events for aig. and throughout the day today, we're going to continue our big reveal. we'll h

>> david in the story has this terrific book called "rise to greatness," which is about lincoln in 1862. and he tells a story that lincoln told to a crowd once that about this french tightrope walker who walked across niagara. he said say you had on your back the entire history of america, the future, the past and you're crossing niagara falls, would you be calling out "go a little to the left, go a little faster, go a little slower." he was saying basically without saying so i have all of this on my back with the most prech rouse of circumstances and everyone is telling me what do do. >> even after this war that caused him so much as it was winding down, he was the man that was telling the north with malice toward none, with charity for all, he understood that even after this terrible war he was going to have to bring the country back together. >> exactly. and he sadly for us didn't survive his term so he really couldn't begin, let alone complete the reconstruction. >> hey, we just saw, rick, obviously three presidential debates and one interesting vice presidential debate and it seems like, you know, the president had a terrible time the first debate and the third debate it seem

david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was onr program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the trust fund and gets invested in treasury bills, and treasury bonds = the united states government borrowing money. that equals the are loaning the united states government money. so all the money that has gone into that trust fund over the years goes into bonds and therefore is access to the united states government to spend. the only thing that is in a trust fund right now is basically iou's from the u.s. government. the only way -- placed the interest comes from on the treasury bills is from the u.s. taxpayer pockets. you have this tidal wave of baby boomers that are retiring, they're coming into the system. so you'll have more people in the system than you have paying into it. all you have been there right now is iou's. guest: great question. let me run the refinancing a little to help explain this, because i hear this a lot. if you hear folks

david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the trust fund and gets invested in treasury bills, and treasury bonds = the united states government borrowing money. that equals we are loaning the united states government money. so all the money that has gone into that trust fund over the years goes into bonds and therefore is access to the united states government to spend. the only thing that is in a trust fund right now is basically iou's from the u.s. government. the only way -- place the interest comes from on the treasury bills is from the u.s. taxpayer pockets. you have this tidal wave of baby boomers that are retiring, they're coming into the system. so you'll have more people in the system than you have paying into it. all you have been there right now is iou's. guest: great question. let me run the refinancing a little to help explain this, because i hear this a lot. if you hear fol

circulating, on scott walker's board, housing is the area when you most hit, maybe that's why the toll brothers have reported that quarter not that good. i was discussing with david, look, if you want credible deficit reduction, okay. but the cliff is a place to do it. but the credible deficit reduction is austerity, and austerity means maybe we get rid of the mortgage deduction, the robust housing market slips back. so i mean, housing is not as good as international if we go over the cliff. >> a group of traders huddled around post 8 at this point. we'll be on the lookout for headlines regarding the arcade. >> interesting. in the meantime, while we're waiting for that, a service that could rival netflix service as an unlimited streaming movie option. it offers four nights of physical dvd rentals for $8 or $9 if you want the blu-ray disk. very similar on terms of the streaming option, in the offerings, very similar to netflix. >> it's an odd day, again, odd dichotomy here, because we got a positive note this morning about netflix, morgan stanley talking about how terrific the disney deal is. david, please explain to me why the disney deal is so great, and how it