the problem and making it much worse with huge tax cuts like we did in the early eighty's when james baker was working for ronald reagan or as we did in the bush administration versus times when all of a sudden we're concerned about it i have happy that i mean if we're concerned about it fun let's take advantage of that political crisis to solve the problem but if you look at. the willingness of foreigners to hold u.s. treasury securities there isn't the slightest sign that they that they're getting tired of it so to use the phrase. debt crisis is to my mind absurd five years ago i don't feel bad about that and i'm crying a lot of debt yet because nobody has buying it. ok i was just following this to look at sawyer why lots of other china is buying it and we know i mean it isn't just the u.s. federal reserve lots of other central banks like china are buying now you might say at some point they're going to stop and i'm worried about that too but at the moment they're not slowing down their purchases foreign central banks ok joe where you where do you jim and where do you jump in all this. o

world we'd be greece i mean we're broke bankrupt really bankrupt and now with treasury secretary james baker how do you reflect upon those words. big loss for us was saying that the u.s. is actually out creaking of a greek speedo's if you add all the i'm funded liabilities to the national debt figure i mean the national debt figure. isn't really what this is really about but really the unfunded liabilities are the so-called fiscal government that's two hundred and two trillion us dollars saw in many ways that then greece the budget deficit was more or less the same as crazy of ten point eight percent budget deficit in the eurozone was formed not that the eurozone is any better i mean they're just blowing up right now it will. have to be seen again pressure on greed and pigs government bonds and even germany and france increasingly looking shaky on the government as well but just as a reference on the eurozone was front there was a limit of three percent of budget deficit as a percentage of g.d.p. that is normally considered the maximum sustainable so the u.s. is now at ten point eight percen

edward is the founding director of the james baker institute at rice university and a former ambassadoray from houston. ambassador, if you would, give us your prognosis if gadhafi falls. >> well, if indeed gadhafi does fall, i think there are some immediate and then long-term challenges. first to the libyan people and the national transitional council in libya. i think the challenges then to the united states and the international community on how to face the post gadhafi era and then i also think there are implications of the fall of gadhafi and the rest of the arab world and especially syria. on the first point, the immediate challenge for the national transitional council in libya after gadhafi goes is one to restore law and order, to establish an inclusive and just political process of transition in the country which means getting a timeline for constitution for parliamentary elections, that is very important and critically, i think in your last segment you talked about libyan oil and it important role is getting the libyan economy going so it can produce jobs. those are the challen

. >> history professor james baker, clear politics better carl cannon, and richard norton smith talk about the 14 men who ran for president and lost. friday at 8:00 p.m. eastern and pacific. it is a preview for "the contenders," a four-week series. >> the justice department filed antitrust lawsuit to block the at&t takeover of t mobil. it would reduce competition and lead to price increases for consumers. here is a 10-minute portion of the press conference. >> millions of americans rely on mobile wireless telecommunications services in their everyday lives. whether you're a parent using a cell phone to check upon your teenager or a working professional using a laptop or a smartphone to conduct business or surf the web. mobil wireless communication plays a vital and an increasing role in our daily lives. we all reap the benefits of this incredible technology because there has been fierce competition in this industry, which has brought all this innovative and affordable products and services. in order to ensure that competition remains and that everyone, including consumers, businesses

former chief economist of the imf talking about equity swaps, limiting leverage james a. baker iii talked about finding the ones insolvent breaking off their assets much like used in the savings and loan crisis. and the reason this was so important is was as you -- because as you recall in the 1990s when the japanese faced a similar meltdown, the u.s. advised them to do exactly what we didn't. they ignored our advice, and they wound up having a lost generation. we are now in the process of having a lost generation because we didn't follow our own advice and to me that was one of the reasons that i found the entire debate so reprehensible in many ways. you knew it wasn't going to work because it had already been tried and failed in japan. >> host: what are your views about organized labor, and how do you differ with fellow republicans on issues like the card check? >> guest: i viewed it more as a district vote than a national vote. i think these issues should be handled primarily at the state level. but you also have to understand we have to support working people whether they'r

that up and running i've went back to work on the ella baker center and eventually created something called green for all because of fuel talk about james kept growing that organization and took it in different directions and he did take on glenn beck and fox news for. that being responsible abusing i would say the airwaves and putting out things that were not true about me but probably about you know so many other people and eventually. i think that it's a been occasioned of our system of our system of american society you can't just abuse the airwaves and can just abuse the public trust and expect the american business community to stand with you and pay for ads on your show when you're saying things that are not true they're defamatory and that are misleading the american people so it wasn't just a james rucker stood up and said the american business community stood back and said we don't care how many eyeballs you can get with this type of programming we're not going to put money on put our brands next to yours and eventually he was . made a decision to get off the air. i am excited about the ability that people have now because a l

baker eddy library also has a special kjv display. there, visitors can hand-copy verses from the king james bible in the same way monks and scholars copiedture before the invention of the printing press. still, many modern christians say they find the kjv frustrating for personal use. the sometimes arcane words can be difficult to understand, and many trip over all the thees and thous. jon sweeney believes this is unfortunate. >> contemporary translations are good, they're great, they make the bible relevant, but at the same time i think it makes it kind of ordinary. so reading theible is kind of like reading a popular novel. >> reporter: sweeney says the kjv can bring a sense of wonder and majesty that is spiritually meaningful if people take the time to experience it. >> it's interesting to read a bible and have thees and thous, different ways that might actually change how you think about the god that you're praying to, about the god that you're reading about, about the activity of that god, because you're using language that feels more reverential. i find that it puts my heart in the right place. >> reporter: and, 400 years later, mi