>> they're required to put 1.8 million dollars per month into koppers. they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty  and. john: california is paradise for government workers. her person texas has more but california pays better and gives out such a generous retirement benefits that california will probably go broke. 50 year-old retirees were promised they could collect forever until they died then their spouse collects. dan mitchell stud

>> they're required to put 1.8 million dollars per month into koppers.ohn: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national.

>> they're required to put 1.8 million dollars per month into koppers.tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty and. john: california is paradise for government workers. her person texas has more but california pays better and gives out such a generous retirement benefits that california will probably go broke. 50 year-old retirees were promised they could collect forever until they died then their spouse collects. dan mitchell studies state

>> they're required to put 1.8 million dollars per month into koppers.y tried to raise ney through fees like expensive parking ticks. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension ligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums at legalzoom, we've created a better plac to handle your legal needs. maybe you have questions about incorporating a business you

silver and kopper following suit. we will be right back. tracy: let's make some money with charles payne. this hour he talking about how stocks are reacting specifically to the gun-control plan just announced moments ago. charles, no i know you are lookg to some gunmakers. charles: smith & wesson exploded to the upside. even as the president was throwing down the gauntlet. the really interesting thing because obviously you would think ultimately of everything the president wants to go through should hurt gunmakers, although for instance if you think 40% of gun sales are done through private transactions, if that deficit may be the sales to move to retailers or licensed its readers that already do these sort of things. lori: is it frontloaded though? everybody rushing to the stars s before the announcement today. charles: that has been the trend. as an investor you have to worry about maybe a year from now the stocks, a tough comparison because you can't have every single month a record, people doing background checks. one thing that was int