in this one, i am in for my six grandchildren and erskine is in for his seven. the president has won tough job, as do each and every one of you. if one is a leader, you take a ton of guff from people who know little and are motivated by, but i always said, four great charges -- emotion, fear, guilt, or racism. that is how you pass or kill a bill in the u.s. congress. emotion, fear, guilt, or racism. is that, but that is the way it is. . good people of deep differences knowing the possibility of odds of success are rather harrowing to say the least. but i do have the naive belief and i think erskine has it to stabilize social security and insure its solvesy 75 or more years out. but as we address it, the keening wail of cut goes out through the lavend, or gut. good heavens. it's -- if people can't grasp that disability inshurns will be unsustainable in less than ten years, it's grown double since 1980, i won't go into figures, that just makes people's eyes glaze over. but old age and insurance, will only pay out 75% of its benefits in 3e7. it won't go broke. just

erskine and i travel only as a pair. we ride shotgun on each other. it is a lonely life out there in hostile territory. all of you know the feeling. i did want to address when i walked in here, someone made a comment and i was taken aback. yes, i did sleep in this suit. [laughter] i hope that takes that off of the table. [laughter] i could not have a finer companion in this cause than erskine bowles. he is a man i trust completely and admire and respect. he is a grand gentleman come in the. a personal note, my dear dad was the governor of wyoming. he was also a u.s. senator. he loved the office of governor. he could lead and he could see the results. he said in the senate he could never see the results of anything. after everything disappeared into the rabbit hole, usually from a brilliant staffer on either side of the aisle. as governor, he loved the fray. he loved self-deprecating humor. his favorite was this. he would tell it often. this old guy is out driving his pickup down the road. he has everything in it that he owns. highway patrolman stopped

erskine and i travel only as a pair. we ride shotgun on each other. it is a lonely life out there in hostile territory. all of you know the feeling. i did want to address when i walked in here, someone made a comment and i was taken aback. yes, i did sleep in this suit. [laughter] i hope that takes that off of the table. [laughter] i could not have a finer companion in this cause than erskine bowles. he is a man i trust completely and admire and respect. he is a grand gentleman come in the. a personal note, my dear dad was the governor of wyoming. he was also a u.s. senator. he loved the office of governor. he could lead and he could see the results. he said in the senate he could never see the results of anything. after everything disappeared into the rabbit hole, usually from a brilliant staffer on either side of the aisle. as governor, he loved the fray. he loved self-deprecating humor. his favorite was this. he would tell it often. this old guy is out driving his pickup down the road. he has everything in it that he owns. highway patrolman stopped

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erskine and i travel only as a pair. we ride shotgun on each other. it is a lonely life out there in hostile territory. all of you know the feeling. i did want to address when i walked in here, someone made a comment and i was taken aback. yes, i did sleep in this suit. [laughter] i hope that takes that off of the table. [laughter] i could not have a finer companion in this cause than erskine bowles. he is a man i trust completely and admire and respect. he is a grand gentleman come in the. a personal note, my dear dad was the governor of wyoming. he was also a u.s. senator. he loved the office of governor. he could lead and he could see the results. he said in the senate he could never see the results of anything. after everything disappeared into the rabbit hole, usually from a brilliant staffer on either side of the aisle. as governor, he loved the fray. he loved self-deprecating humor. his favorite was this. he would tell it often. this old guy is out driving his pickup down the road. he has everything in it that he owns. highway patrolman stopped

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national debt commission, allen simpson and erskin bowls both told a cautionary tail about the dimension of the u.s. federal debt. which is about to surpass surpa that's $47,000 for every united states resident. co-chairman, allen simpson, 18 years u.s. senator from wyoming noted for his colorful wit also warns against the growing immensity of the nation's public debt. >> the rest of the federal government including fighting two wars, social security, education, art, culture, you name it, veterans, the whole rest of the discretionary budget is being financed by china and other countries. >> currently, china holds $920 billion of the u.s. debt. if the u.s. does not change its debt habits in the next ten years, spending is expected to grow by some $2 trillion. that is $500 billion in social security, $500 billion in medicare. $300 billion in medicaid, and $650 to $700 billion in interest. >> we can't grow our way out of this. we could have decades of double digit growth and not get our way out of this debt problem. >> to combat the problem, the commission will have a plan by december 1 to

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news at 10:00 on the cw, 11:00 here on cbs 5, a facebook app from vaseline that can change dark erskinedeople how they appear. and the product that app is promoting and why. >>> this just in. the as lose a key player for the rest of the season. i'm dennis o'donnell. and the basketball players comments that stunned the nation next. ,, "meg whitman says she'll run california like her company..." seen this attack on meg whitman? who are these people? they're the unions and special interests behind jerry brown. they want jerry brown because, he won't "rock the boat," in sacramento. he'll be the same as he ever was. high taxes. lost jobs. big pensions for state employees. the special interests have chosen their governor. how about you? lousy time to lose their best hitter..outfielder ryan sweeney, who >>> welcome back. all y'all have been on vacation. >> i wasn't in texas. >> where did you go? >> it's great to be back especially with the as on the heels of a five-game win streak. they are getting ready for a critical home stand, i think. but we have to begin with some really bad news. the as

i think we heard two fine presentations from are senator simpson and senator erskine bowles that lays out the stark reality of what we are dealing with. our current college completion rates will be 3 billion degrees short of what the work force will demand by 2018. we will be 8 million degrees short of leading the world in college attainment at the time. if we do not improve college and completion rates, our children will be less educated than we are. this would be the first time in history that has happened in the united states of america. we will not only be less competitive in the economy but less secure as well. complete to compete will focus on two basic priorities -- improving how we measure performance in higher education. our colleges and universities measure a lot but not enough of it is about how well students are doing in moving toward certificates and degrees, especially are lower income and minority students and working adults, nontraditional students better metrics will help us make better decisions about how to spend our limited dollars state- by-state, especially when

the guy running it, erskine bowles, who was bill clinton bought a former chief of staff -- that has my respect. he negotiated a great budget deal in 1997 with the new to gingrich congress. they lowered the capital gains tax, a budget savings incentives, they have to business and the economy grow very nicely during clanton's second term. hope springs eternal. maybe we can get some good leadership during this period of financial crisis. it is possible. i don't want to give up hope. host: another clinton era -- he served as deputy assistant secretary of treasury during his administration has an editorial in "gut times" about obama's business plan. his concerns about business and the white house. now, he says before leveling such fierce criticism, corporate america should remember the president's actual record and he says the business community should make efforts to mend the relationship. what does the business community need to do to men that this relationship? guest: roger altman is a friend, he is also a good guy and a smart guy. i have not read his article. but i thought the white hou

erskine and bayh thank you as you deserve an august recess i think. all of you have been most generous with your time and talent and you are a very special band of warriors, for it is a thankless task and marvelously under criminal to [inaudible] i found that wandering through the village in coach, not all the time of course, paying the spread. and so we are all contributing to this cause and i know many members, all members are paying their own way in many ways and some instances. well, martyrdom has never been my dad. but i must say sometimes the slings and arrows of outrageous fortune to rain down on my whole dome. at one for my friend and i were asked why would you do this and we've responded 13 reasons. seven randchildren for erskine and six for me, and that is my driving engine of, and with our great space experience what would be like 30, 40 or 50 years this beloved country? because if the present course cannot be altered, if this great state cannot respond to a new heading, if, quote, we will do with leader, is the craven call of the selfish s

host: to prove the point, erskine bowles, co-chair of the commission speaking to the governors about social security. >> we are going to run through this "trust fund" by 2039, and the trust fund will be gone, all the interest on the trust fund will be gone and by law the payments to its social security recipients have to drop that day by 20% in order for the revenues to match outlays. and pretty soon they will have to drop by 24%. and so, what you are going to get from social security is going to go down if we did nothing. so what we have to do is figure out a way we can fix it -- which we believe we can -- so the payments drop in a much more gradual manner or we get additional revenues to maintain that level of benefits. guest: i know erskine bowles, and he is a very successful man, but he does not know what he is talking about right there. yes, 2035 or 2037 -- that is three decades away. social security will pay its own way up to three decades away. i think we can solve the problem. let us solve the solvency problem. let us not look to solve the deficit problem with social security

the guy running it, erskine bowles who was bill clinton's former chief of staff is someone who has my respect. he negotiated a great budget deal in 1997 with the newt gingrich congress. they lowered capital gains tax and spending and helped business, and the economy grew nicely during clinton's second term. hope springs eternal. maybe we can get some good leadership. host: an investment banker that served during the first clinton administration has an editorial in "the new york times" that is called obama's business plan, and he shares concern about the relationships between business and the white house. after the u.s. exame enter of commerce complained that -- host: now, he says though, -- lg such fierce criticism, corporate america should remember the president's actual record and he says the business community should mak host: what does the business community need do to mend this relationship? guest: well, i don't know. roger is a smart guy. a smart guy. i have not read his article. but i thought the white house really miss that opportunity. they held their own mini jobs summit las

erskine bowles, a democrat, is very active in that year he was a former chief of staff to bill clinton. he sounds like the kind of guy who might do this. watch for that to work in obama's favor. >> question over there? >> i want to add a dimension to this discussion. if, in the short term, there is a major international crisis or national security threat, then the president shows strong leadership, or if the president green lights a drone attacks which get osama bin laden, is there anything on the international scene that could significantly changed the trajectory of the november election? >> security is my focus. i think that obama has been more aggressive than george w. bush was. i hope he can keep the country save as bush was able to do for many years. >> more questions. here is the microphone. quick questions a quick answers. been one of the major issues that has not been addressed is the media's influence and how it drives whether the democrats or republicans get into the house and senate. i think it was jerry clear in the 2008 election that obama was elected not only by the peopl

mcginnis, in the recent testimony before congress chaired by erskine bowles, you called for stabilizinghe u.s. dead -- u.s. debt at 60% of gdp. that sounds like a big number. are we at that point now? guest: historical the our debt has tended to be 40% of the share of the economy. what has happened over the past couple of years we have been hit by a couple of things. budget deficits when the economy was good, then a downturn that drink revenues causing spending to go up on important things. we had to use money to prevent that from going worse. through all of this the debt climbed. right now is about 60% of gdp, which is high compared to historical averages. more importantly, it is headed up words that a fast pace. one of the things that we talked about at the fiscal commission meeting is having some kind of goal. when we put together budgets in this country we are flying blind. we tend to spend a lot of it. we are not actually headed towards the fiscal target. it is important now that credit markets are looking at the u.s. that we have a real plan to get the debt under control. what i s

erskine bowles will be on hand to share insights on reducing the federal deficit through sound monday i -- monetary policies. as you can tell we have a full schedule and quite a workload in front of all of us. we are ready to get down to doing the bives the people. we are all looking forward to sharing best practices and finding solutions to our common challenges, which is what we do best at the n.g.a., and i want to thank you all for joining us in boston, the beautiful birthplace of our country and i know deval and diane want us to leave as much as we can financially with us. he's made that direct response every time he's had a chance to get a microphone and i've listened well and i want him to know gail is out doing her part this morning. we're going to hope up -- open it up to questions but first if any of our governors would like to say something, they're all here and tremendous assets to the organization. you can direct your questions to any of us up here. >> what about the discussion to ask congress to pass the legislation to extend the medicaid spending or any other efforts to

including a session on sunday featuring former senator alan simpson and former white house chief of staff erskineopposition to legislation making its way through congress. a look now at their discussion on "washington journal" from this morning. spruiell, a staff writer for the "new york times." good morning to you. thank you for being with us. ças we begin, let's talk about the legislativeç head counting. what is scott brown so important in the process? >guest: as he said he might be, he is the 41st vote. depending on what happens in çwest virginia, with respect to the seats filled by the late robert byrd. the latest cloture vote was as closeç as these things can be. democrats were barely able to get 60 votes. when the bill itself came up for a vote, it passed with four republican votes. chuck grassley, theç two senats from maine, and scott brown. two democrats voted againstç i, recant well and russ feingold. cantwell has said she will support the bill this time around. susan collins and olympia snowe has also -- have also said they wouldç support it. chuck grassley will likely vote for i

host: you talk about social security health, but erskine bowles, when he was talking about the statethe economy -- i took away the concern that there was going to have debate reforms to both the social security and medicare system. do you anticipate coming out of the other end of this review process with a raise in the eligibility age for social security or medicare, for example, or income tests? guest: i am not willing to tell lacy he can't retire now if he worked hard. not willing to tell my father who was a laborer, picking every crop, repairing the hulls of ships, fixing the brakes on railroad cars, working with construction for 30 years with a jackhammer, i am not going to tell an african-american male who probably will lead about six years less than a caucasian male in this country that we are going to all of the sudden extend the retirement age simply because we have fiscal problems that were not related to social security. if we are going to use social security money to correct problems of spending by politicians, i think we will need a few folks like lacy to lead a revolutio

erskine bowles will be on hand to share insights on reducing the federal deficit through sound mondaymonetary policies. as you can tell we have a full schedule and quite a workload in front of all of us. we are ready to get down to doing the bives the people. we are all looking forward to sharing best practices and finding solutions to our common challenges, which is what we do best at the n.g.a., and i want to thank you all for joining us in boston, the beautiful birthplace of our country and i know deval and diane want us to leave as much as we can financially with us. he's made that direct response every time he's had a chance to get a microphone and i've listened well and i want him to know gail is out doing her part this morning. we're going to hope up -- open it up to questions but first if any of our governors would like to say something, they're all here and tremendous assets to the organization. you can direct your questions to any of us up here. >> what about the discussion to ask congress to pass the legislation to extend the medicaid spending or any other efforts to get co

i know erskine bowles talked about getting to 21% of gdp. some of us would like to see it at 18 to 20 as it relates to expenditures. even getting to that level is going to take draconian steps. my question gets back to monetary policy. i think you all know full well where we're headed and i think the american people haven't really digested what it means for to us get our house in order. i'm not sure if y of us really have digested fully what that means. how does that impact the decisions that you all make as it relates to monetary policy? i mean, you know that's coming. you know it's going to be draconian to deal with it in an appropriate way. how is it affecting your internal discussions as it eats monetary policy. >> well, it's a risk factor. depending on how markets respond to developments in the debt and deficit, it could potentially, i'm not saying this is likely at all, but it potentially could be a drag on recovery if interest rates were to rise, for example. but in the near term, we're mostly focused on the business cycle, the state

alan simpson and erskine bowles said at a meeting of the national governors association that everything needed to be considered, including curtailing popular tax breaks, and a trigger mechanism for gaining medicare advantages." caller: 90% of our nations that can be contributed to three presidencies. reagan, the first bush, and the second bush. these other fiscal conservatives. the people that said that deficits do not matter. now they do matter? i will be surprised if republicans take over the house again. i truly believe that americans that are foolish enough to go down that road get what they deserve. host: from kentucky we have this e-mail, "the american electorate now realizes that about -- the obama speeches do not match reality. but the republicans need to have a detailed plan as to how they're going to point us in the right direction -- just criticizing obama is not enough." this would message, "memo to republicans, bush and the republicans are out of power. please stop blaming and go start governing." alabama, go ahead. caller: i wanted to bring up a point. i was a republican f

its session on sunday featuring former senator alan simpson and former white house chief of staff erskinein journalism is to confront those who are in power, to question those who are in power so we can prevent abuse of power. >> since 1986, he has anchored the nightly news on univision, the largest spanish-language television network in the united states. we will spend an hour with him on sunday night on c-span. >> earlier this year, concerns of the greek national debt and potential loan defaults led the european union and international monetary fund to provide emergency capital for that nation. next, the greek foreign minister, spyros kouvelis, talks about the status of his nation's economy and how they're using green technology as part of the recovery effort. from the woodrow wilson center for scholars, this is just over one hour. >> the morning. welcome to the woodrow wilson center for scholars. this project is especially pleased to welcome back to the woodrow wilson center, spyros kouvelis, who is -- who was here in march of 2009 as a member of the greek parliament. he was in charge

i know erskine bowles talked about getting to 21% of gdp. some of us would like to see it at 18 to 20 as it relates to expenditures. even getting to that level is going to take draconian steps. my question gets back to monetary policy. i think you all know full well where we're headed and i think the american people haven't really digested what it means for to us get our house in order. i'm not sure if any of us really have digested fully what that means. how does that impact the decisions that you all make as it relates to monetary policy? i mean, you know that's coming. you know it's going to be draconian to deal with it in an appropriate way. how is it affecting your internal discussions as it treats monetary policy. >> well, it's a risk factor. depending on how markets respond to developments in the debt and deficit, it could potentially, i'm not saying this is likely at all, but it potentially could be a drag on recovery if interest rates were to rise, for example. but in the near term, we're mostly focused on the business cycle, the st

senator al simpson and erskine bowles.ights are reducing the federal deficit through sound monetary policies. as you can tell, we have a full schedule ahead of us. i know i speak for all the governors when i say we are ready to get down to doing the business for the people we are all looking forward the opportunity to focus on state issues, share best practices and find solutions to our common challenges, which is what we do best at the nga. i want to thank you all for joining us in boston. we all look forward to taking in as much of the city as we can. i know they want us to leave as much as we can financially with you. he has made that direct response every time he has had a chance to get a microphone. i want him to know, gail is out doing her job this morning. we will open it up to questions, but it first if we have anymore governors who would like to say something, they are of tremendous assets to our organization, so you can direct your questions to anyone of us who is up here. >> [unintelligible] >> we certainly look

about -- from former wyoming republican senator alan simpson and former white house chief of staff erskine bowles. the two men now co-chair the committee on fiscal reform. that will be a 9:30 p.m. eastern on sunday on "washington journal." >> the most important mission in journalism is to confront those who are in power, to question those who are in power so that we can prevent abuse of power. >> since 1986, jorge ramos has anchored on the largest spanish television news network in the u.s. will spend an hour with him sunday on c-span's q&a. >> c-span is now available in over 100 homes -- 100 million homes, bringing you a direct link to politics, history, and nonfiction books, created by america's cable companies. president obama is in las vegas today with senate majority leader harry reid. he took time out to speak on the economy. his remarks from university of nevada, las vegas last about an hour. -- half an hour. [applause] >> thank you very much. thank you. [applause] u.n.l.v. [cheers] every time i come here i have to tell everybody my wife was a cheerleader here. [cheers and applause]