emac. >> it is a big story by the white house that they are creating jobs. we have net jobs loss since white house took the office it is bad economic policies coming out of the washington d.c. and we are throwing money at bad companies. for example gm has been destroying shareholder capitol for decades. let morgan get her word in. look at gdp rate. we had a lack lust yer the big season for that, we have seen government spending cut down wall street seems to love the stimulus whether from the federal government. it is not bonds. and that is why every time the fed chairman talks about the stimulus stock prices go up. what he said. remember after he was elected. it hasn't happened. and both say that it is a good thing to get the money and so interest rates are low. and particularly folks thinking of retiring. one of had third said they probably will have to wait longer because they are not making money for the savings . it is difficult to resist when interest rates are low. for the first time 50 percent of the sale has a right. morgan and i are together on this

. >> emac, he was sort of reacting to folks who are concerned about the disparity of public sector are getting over private sector workers. >> here's the deal. we don't begrudge good teachers and fire men and cops. they were exempt in the wisconsin battle. but board of education and town supervisor who get their own cadillac and parking spaces. you can ride a bike and not hit anybody on a work day. that is an issue . government bloat because of the three bubbles. basically the federal government is at the same size and bigger than the recession hit. >> victoria do we owe them or do they owe us? >> unfortunate thing right now, current firefighters for example are taking the heat for plans that were enacted decades ago and pensions that were collected for decades. a story in san jose and a firefighter was in line in the grocery store with a steak. nice that you can afford that steak with my money. we have gone too far. a fire man should be able to get a steak for his family. it is the past pensions that need to be looked at. that did happen in california. and we can't get confused with h

emac how do they work in the past? >> last time we saw a great compromise was the move in the 1990s to cut spending. and that is 1982. and under reagan. and especially it went spiraling out of control. and entrepreneur capitalist did not create this crisis . it is higher taxes. it doesn't seem fair. >> in the past, very awn they promise all kinds of spending cuts. you get the tax hikes but not the spending cuts. i don't how we can say no deal is better than. so called fiscal push that we are expected to push without a deal will send us in recession next year. we have business men who are not hire they are halding back because of the fact we don't have a deal in place. it is creating. i am okay and i agree with rick unger. it is okay to see a tax increase for the top tax bracket right now . like to see the cuts put in place. looking at the model under bill clinton is what we should do right now. >> clinton compromised with republicans and what they compromised on was lowering tax rates in 19nen. they lowered the capitol

on ro's >> why are back emac?big products company with a sweet dividend and all sorts of things from computer to farm suitucals. >> i like lex mark it is moving up the scale to the lucrative small business. >> they do printers and soft wear. >> pay the five percent dividend and good way to pay verizon wireless. >> thank you gang. that's it for forand have a great 4th of july holiday. it continues with cheril casone and cashin in. america should say oi. parus testimonying the u.s. to hike taxes on wealthy americans to fux our economy. is france any shape to give advice on our economy? >> we have wayne and johnathon and tracey and christian dorsey. and johnathon. you say economic lecture from european nature is on on >> cheril, who pays for the europeans to lecture us that americans need to pay more taxes. we send pene pones 84 million and it is a sanction of the victim. we are funding anticapitalist who advocate force. taxes are force it is government taking your productive effort and redistributing. q. it is implo

on ro's >> why are back emac?big products company with a sweet dividend and all sorts of things from computer to farm suitucals. >> i like lex mark it is moving up the scale to the lucrative small business. >> they do printers and soft wear. >> pay the

. >> for my own sake i home emac is right. >> keep it right here number one business block continues with with can issuin end. >> everyone worried about greece's debt bomb. 435 billion and counting. should we worry about this 435 billion. that's how much private company pensions are underfunded here in the u.s.. welcome to cashin n >> and joining us this week is johnathon and tracey and jim. and wane. >> the amount of underfunded private pensions. noup the same amount as the debt in greece. you think we should be concerned about this. >> it is a huge problem and while it may not represent the systemic problem nathat greece does, it may be a harder problem to solve here. corporations can't print money to pay what they owe. it is a broken promise to the retired. and the fed is kind of responsible because they kept interest rates artificially low and difficult for the pension plans to make money. it will come out of corporate profits or out of the pockets of retireys that are facing higher food and fuel costs. >> wayne, how much should we be worried. we are talking about europe and gree

fnyndne of our best presidents but reagan serve 30 years ago and what we need to do is take his positive emace anupda it r t enirceur sariledafohe twenty-first century. on the left, barack obama did this. in008. this is how he was able to smash the clinton brand and smash the seofmi, d trthe idea of hope and change which was just ambiguous enough that everyone supplied their own meaning to it so lot of us thought hope and change, weill be rid of george ingain ofiack president. hope and change was h way of bringingptimism to his flight, to his ideology. coy he abl sl s sic ec h did it with a smile and as a happy warrioror his cause. he can no longer do that. his record so bad that eye wimpte it 100% negative. this gives mitt romney and all of us a huge opening to be the happy warriors. we got tondstd pp warsie c saan waving and we are gng to do this mission as tough as it will be, it will be hard, it is going to require a lot of sacrifice because the thaig arnot into gdo weatsi wee persevere. it will be painful and wrenching. look what is happening in western europe after decades of soalism. it

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our emacs e contains energy and other resources.ond the emacs e lies extended continental shelf. it's a new frontier that contains 20 to 30% of the world on tap fossil fuel resources. the convention that contains the mechanisms to seek an insurance or national recognition of our sovereign ecs rights. joining the convention will not only put the sovereign rights on the strongest legal footing but will also bolster our ability to ensure stewardship of our resources. there is no better example of this than the emerging ability to plan and allocate resources depends on part upon the delineation of maritime boundaries, sovereign rights, privileges and freedoms. as we work alongside our partner nations on issues of governance, such as cooperative search-and-rescue agreements oil spill prevention and response of protocols and delineation of maritime claims we remain the only arctic nation that is not a party to the convention. being a non-party but detracts from her ability to best provide the security and stewardship of our fast resource