. >> off of twitter, jim hines asked why should volunteer military veterans receive preferential treatment over other americans? >> because they're -- this is a big problem with the military civilian divide. military service isn't just another job. okay, this is a choice to serve something greater than yourself. and the benefits to this country from our military are immeasurable. in terms of security and freedom and also in terms of leadership and in terms of, you know, the types of things these people do when they get out of the military, you know, this is -- it is the elite of the public service in this country. and it's really hard for people who haven't served in uniform to understand the service and sacrifice that we go through. admiral mullen says he fears the american people doesn't understand what we go through and doesn't understand the burdens that the military and their family are put under during a time of war. and so, you know, we owe veterans our freedom. and it's part of the deal. when someone joins the military and agrees to put their life on the line for this country and f

you were talking about capital formation that caught my attention, because last year i worked with jim hines on a bill that, as you know, madam chairman, chairwoman, elevates the fresh hold of registration number for community banks from $500 to $2,000. that same language is coming back in a bill this week as you know. the s.e.c. has the -- i guess authority, it's within his purview to do that on its own. we had 420 votes on that. >> yes. it was overwhelming. yes. >> it was pretty decisive. help me with that. why -- >> let me add to it that we have a new advisory committee at the s.e.c. on a small and emerging businesses which has been a tremendous resource to us over the last six or eight months. in looking at a lot of these issues. they recently recommended to us that we raise that 500 shareholder trigger to 2,000 for community banks and 1,000 for other public companies. they just transmitted that recommendation to us recently. this is something we're looking at very carefully and we would have to engage in rule-making, which may take longer than actually passing legislation would take. bu

. >> comments earlier today from the floor of the house, scott garrett and jim hines, on a bli that also has the support of congressional democrats. it is expected to pass. if you picked up "the washington post" today or check it out photograph of john kerry and members of congress with hockey garb. once a hockey nut, writes "the washington post," always a hockey nut. during his last new year's eve john kerry suffered a broken nose and black eye so colorful he walk ad round wearing sunglasses. giving up the game to concentrate on gentler pursuits like, say, politics. but he loves hockey. and the congressional hockey team defeating those lobbyists here in washington. we point that out because it's been a running joke back and forth. members of congress play golf. there's the annual basketball game and baseball game every summer here in washington, d.c. on the house floor today, two members of congress, patrickmy hee, democrat of illinois, with some bragging rights after they defeated the lobbyists. here's what happened earlier today on c-span. >> it is my great pleasure to stand with my c

. >> host: tweet from jim hines. that what percentage must gdp grow in order to achieve full employment and in the second question. let's go to the first one. >> guest: here is how the math works. the u.s. economy is constantly adding, the labor force is consulate growing. there is immigration young people graduating from high school and college joining the workforce so there is an always growing labor force and people are becoming more productive so productivity is almost always rising. that means we are capable as a country of making more stuff year after year. most people think that number something like 2.5% and how much our capacity to make stuff grows every year. what that means is we need to grow at least that rate, it two to 2.5% just to stay neutral or to keep people employed and not have a rising unemployment. so right now we are at 8% unemployment and to bring that down we would need to grow faster than that, three or 4% would be great. the unemployment rate would come down and once we are down to five or

jim hines participating saying -- i wonder what kind of insider trades would be made by congress relating to this jobs bill? your thoughts available on twitter and other platforms. bernie -- birmingham, alabama. what do you think about the passage of the bill yesterday? caller: this is not a jobs bill. this is a smokescreen to make it seem like the republicans are actually trying to get jobs. they cannot tell me directly what industry this is going to help. i am a small business owner. the republicans are doing nothing except trying to claim credit because they are trying to pick it up. eric cantor is destroying this country. we need to but the teachers and police officers back to work. host: what kind of restaurant do you on? james? james is gone. pennsylvania, democrats' line. hold on the line if i have a follow-up. caller: to live for taking my call. it has been a while since i have -- thank you for taking my call. it has been a while since i have been able to get through. i wanted to say that i disagree -- i agree with the previous caller. this is nothing more than election-year smoke

when you're talking about capital formation, caught my attention, because last year i worked with jim hines on a bill that, as you know, madam chairman, chairwoman, elevates the threshold registration number for community banks from 500 to 2000. that same line which is coming back in a bill this week, as you know. the fcc has, i guess, the authority within its purview to do that on its own. we had 420 votes? >> it was overwhelming. >> it was pretty decisive. help me with that. why can't we -- >> and let me add, we have a new advisory committee at the sec on small and emerging business, which has just been a tremendous resource to us, over the last six or eight months in looking at a lot of these issues, and they recently recommended to us that we raise that triggered to 200 immunity banks, and 1000 for other public companies. they just transmitted that recommendation to us recently. so this is something we are looking at very carefully. we would have to engage in rulemaking, which may take longer than actually passing legislation, would take. but the staff is working very hard on this and t

. >> host: jim hines as we said earlier about short-term spending and debt reduction has been set for40 plus years he said. >> guest: that might be true, but i think in this case, when we are having the largest economic downturn since the great depression, in that scenario when the federal reserve is pretty much out of policy, really the only answer to help get the economy back on track is to allow the deficit over the short-term and then to hopefully pair that with some reform of these long-term programs so that our long term trajectory is more responsible, which frees up even more flexibility for us in the short-term to have fiscal stimulus and to allow deficits. >> host: in another tweet for you from maverick, have you evaluated a single-payer system scenario and the cost of that? >> guest: there are ways to have a single-payer system that is more expensive than our current system and there are ways to have it where it's more efficient and cost less. i think the real key is when you look at the numbers, if we wait 20 or 30 years to do dramatic changes we are going to be in trouble.