i also -- my prior colleague here, judd gregg got in line, required the secretary to certify that it would be sound over a long period of time and she couldn't certify it. so hopefully we have avoided this result. i would just say one thing. mr. elmendorf knows this, that there are a lot of very, very skilled people in this town that know how to read your reports, and if taken out of context improperly allowed the debate to continue on the floor of the senate and the president to assert that this was a program that was going to make money for the government. and that was not accurate. so i felt pretty -- senator thune led the battle on it, to point out that it was not going to make money for the government, but that surplus that you scored was used to reduce the cost of the president's plan. and that -- in short run, maybe it would have been, but in the long run it would have been cost. we do need to figure out how to use your scores more objectively. thank you. >> we work hard to try to explain ourselves and explain our numbers in a way that makes the most possible people understand

judd gregg, and he has left, and mel martinez has left and olympia snowe is leaving and arlen spectered parties, but left, and john warner, and you look at the s-chip over the years and you see the guys over the four or five year cans you have to go back, but the guys who regularly, you could appeal to the crossover, gone. >> i think that the story of the year to some degree is the republican party reckoning with the tea party, and clearly reaction against it, and mitt romney's nomination is a reaction against the tea party and clearly some romney supporters who believe they are insane and trying to get the party back, but at the same time they are losing that frail moderate republican group is losing the leaders. >> and romney does not finish this, it is because he can't appeal to the folks and the senate majority leader more likely than democrats senate majority leader harry reid and chuck schumer than mitch mcconnell. and shameless plugs. and sorry, you come prepared. mine is to make the shuttle before i am rained out. >> and talking national online politics with the viewers and ha

senator judd gregg joining us from manchester.irst day joining us as we're on this new set and hopefully you'll be spending a lot of time with us on this set. >> yes, congrats. looks beautiful. good job setting it up there, carl. before we get to what i had planned to chat about, you brought up that apple chart. do you remember what i told you the last time we were at the new york stock exchange about a month ago about apple? which was that every institution that didn't own that stock every pullback is going to use every b.s. opportunity they could come up with to get initiated in the main, you see the chart, give me a little kudos for that one. >> a lot of kudos. we just got some hard, empirical evidence of just how underowned it was last week. >> that's why it's just so important to understand the institutional mentality. again it's the institutions that really drive the stock movement every day. i want to talk about institutional mentality as it relates to berkshire hathaway. obviously warren buffett has been in the news over t

chairman, for the wisdom of senator judd gregg on the senate side. side when that amendment was accepted, -- on the senate side, when that amendment was accepted by the committee. i don't know if it was unanimously accepted by the democrats, but i think it was. thes preyens and wisdom of senator gregg is something the american people should be and i think will be eternally grateful for. look, the secretary looked at the possibility of saying that we'll make this fiscally solvent if we eliminate eligibility for anybody with a pre-existing condition. then they said, well, no, that's not going to work. let's say, how about a 15-year waiting period for someone with pre-existing conditions. finally, ultimately, looked at the possibility of yet again making this part of obamacare, the class program, a mandatory participation. how has that worked out for them thus far in regard to the exchange and young people being forced under the rules of the constitution, of the commerce clause, to do that urn the penalty of law, increase taxes or penalties or whatever

and thank goodness for our former senator, judd gregg, who was chairman of the budget committee on the senate side, is now retired, but he was on the health committee in the sthath and proffered an amendment that said, you couldn't go forward, the secretary would not be allowed to go forward with this class act provision -- provision on long-term care unless she could certify that it was fiscally solvent. in the out years. and another member, the current, in fact, the current budget committee chair on the senate side, democrat kent conrad, said in 2009 that it was a ponzi scheme of the highest orer. in fact, he -- order. he said it would have made bernie madoff proud. i couldn't have said it better than that. what it called for, or what it calls for is something that absolutely is a ponzi scheme. it requires people that sign up for this class act, long-term care insurance, who pay premiums for six years before they would be eligible to have a benefit. if they were disabled and they needed care with daily living activities in their home. so it looked like that this part of the bill was

thank god for senator judd gregg, madam chairman, in putting that amendment on the senate side that called for fiscal sustainability, sert -- fiscal sustainability certification by the secretary over a 75-year period of time or it could not go forward. that's what happened. the class program is not simply flawed, it is broken. as currently written, it poses a clear danger to the fiscal health of our budget and to the american taxpayer. madam chairman, some of my colleagues, in defending this broken program have told me there's no need to repeal class because the secretary has already abandoned it. yet every day that we delay in repealing class we prevent congress from passing meaningful, true, long-term care reform. all sides admit that class does not work system of the prudent step is to repeal it. madam chairman new york closing, i urge all my colleagues, support this legislation so that we can get to meaningful reform of long-term care and have the marketplace work its magic in regard to this so the penetration is greater than the current penetration which is less than 10%. with that, m

i also my prior colleague here, judd gregg, quided language that required the secretary to certify it would be sound over a long period of time and she couldn't certify it. so hopefully we have avoided this result. i would just say one thing. mr. elmendorf knows this. there are a lot of very, very skilled people in this town that know how to read your reports and if taken out of context, or improperly allowed the debate to continue on the floor of the senate and the president to assert that this was a program that was going to make money for the government. that was not accurate. i felt pretty sort -- senator thune led the battle on it to try to point out it was not going to make money for the government, but that that you scored was used to reduce the cost of the president's plan. and that -- in the short run maybe it would have if it had been implemented. in the long run it would have been a cost. we do need to figure out how to use your scores more objectively. thank you. >> we work hard to try to explain ourselves and explain our numbers in a way that makes the most possible peopl