that's part of the story, mr. ryan. mr. ryan: there's no question about it. one of the important issues that we need to talk about as a country, too, along with the health care, along with a lot of the decisions that our friends on the other side made to put us here we need to remember this in context, not only of the last year but i think of the last couple of decades because the arguments we're hearing today about socialism and here comes big government and all these other things were the same arguments that they made against president clinton in his initial budget that he passed in 1993 when he first got in, it was the same claims. and i think they passed it without any republican votes in the house and democrats had to carry water and look what happened in the 1990's. that's what i say even though my republican friends we like to tease each other back home in the district, i said, how is your 401k doing now since president obama got in? is it better than when bush was in? i think it is. and the same with president clinton, 20 million new jobs created beca

let me yield to mr. ryan for his opening statement. >> thank you, chairman.i also want to the welcome dr. elmendorf. you're a democratic appointee, but i gotta tell you, i can't tell what party you come from. you've been doing a very good job of being be nonpie whereased, objective, and that is the role of cbo directer, and you're doing that very, very well. so i just simply want to say to you, you take a lot of flak over there at cbo, there's lots of demands of your time, i don't think i've ever seen more demand, and you're handling it very, very well. i know the people over there are working, you know, long hours. we want you all to know that we, we respect that, we appreciate it, and we think you're handling yourself in a very professional manner. might have some suggestions on how to model things differently -- [laughter] but i just simply want to say i think you're doing a fantastic job, and we appreciate it. let me turn to our fiscal crisis, now, if i might. when president obama took office, america was in the midst of a crisis that shook our financial

let me yield to mr. ryan for his opening statement. >> thank you, chairman.orf. you're a democratic appointee, but i gotta tell you, i can't tell what party you come from. you've been doing a very good job of being be nonpie whereased, objective, and that is the role of cbo directer, and you're doing that very, very well. so i just simply want to say to you, you take a lot of flak over there at cbo, there's lots of demands of your time, i don't think i've ever seen more demand, and you're handling it very, very well. i know the people over there are working, you know, long hours. we want you all to know that we, we respect that, we appreciate it, and we think you're handling yourself in a very professional manner. might have some suggestions on how to model things differently -- [laughter] but i just simply want to say i think you're doing a fantastic job, and we appreciate it. let me turn to our fiscal crisis, now, if i might. when president obama took office, america was in the midst of a crisis that shook our financial situation to its core and eclipsed ac

host: as we say goodbye to mr. ryan, we will undercut him here. -we will unhook in here.e labor department said thursday initial claims for unemployment insurance rose by $36,000 to eight rose by 36,000 to a seasonally adjusted 482,000. labor department analyst said that much of the increase is due to administrative backlog left over from the winter holidays in the state agencies that process the claims. the total number of people receiving benefits rose sharply as more recipients began emergency extended benefits paid for by the federal government. let's go to your calls for open funds. sacramento, margaret, go ahead. caller: good morning, susan. i want to let you know that i watch c-span every day. i be sure to get my c-span fixed in before going to work. with that being said, i wanted to talk about the new senator that just got elected in massachusetts. it seems like we kind of got blindsided with him. i did not hear much about him until it was almost time for the election, and when i did, you know, i was like, ok, once he got elected, let me check this guy out. i want

and just briefly, has already been toughed on by the chairman and mr. ryan. i look at these numbers every month, about the amount of foreign holdings out there, or debt and we have gone to $561 billion over the last year, alone and watching it go up, we have almost 3.6 trillion dollars out there owned by someplace outside of this u.s. that is pretty sobering. as the trend goes on, it is a big question. when are -- one of these other countries will say we will not just borrow the debt and it willful back on the american taxpayer and -- fall back on the american taxpayer and the consumers and businesses and i worry about when the bubble might break we'll see folks finding out there is not -- where will they borrow this money, the federal government has to up the interest rates and we'll be staring at 1981, 1982 again and that is my fear. thank you, i yield back into thank you. >> ms. saunders. >> thank you, mr. chairman and thank you, dr. elmendorf, it is a very sobering testimony we are hearing today but also to look back at a year ago, when we were hearing ye

mr. lee rather than any spiritual goal. >> reporter: ryan kent represents 27 former dahn yoga employees who are suing the organization, calling a totalistic high demand cult group which manipulates its members to serve il chi lee's businesses. >> they've injected cult like action u sayings. >> reporter: dahn's attorney says the accusations are a money grab. >> what's bow training? >> a series of representative motions to over and over again -- >> bowing over and over again like this. it drove her to the brink of exhaustion, just to reinforce her dedication to the group. >> we actually had to do 3,000 at one point which took about 10 hours. and we didn't eat or drink during that time. >> 10 hours of bowing, no eating, no drinking. did people pass out, did they get sick? >> people were rolling around mooning, crying, wailing. there was a lot of emotional distress. >> and nobody at any time said, this is crazy, this is ridiculous? >> if we were to come out and say things like that we would again be refocused to ourselves and our problems. >> reporter: alexander says that depiction is simply un

mr. lee rather than any spiritual goal. >> reporter: ryan kent represents 27 former dah yoga employees who are suing the organization. calling it a "totistic, high demand cult group which manipulates its members to serve lee's financial interests. >> they've injected allegations of cult-like activities. >> reporter: accusations heatedly denied by lee's attorney who says the suit is little more than a money grab by disgruntled former employees. >> let's make it clear, my client is not a cult leader. dahn is not a cult. >> what is bow train something. >> bow training is a series of repettive motions to, over and over again. >> reporter: bowing over and over like this. liza says it drove her to the brink of exhaustion to reinforce her dedication to the group. >> we actually had to do 3,000 at one point which took about ten hours and we didn't eat or drink during that time. >> reporter: ten hours of bowing, no eating or drinking? did people pass out? did they get sick? >> people were rolling around moaning, crying, wailing. there was a lot of emotional distress. >> reporter: and nobody at any

mr. ambassador. we'll be calling on you again. good to see you. >> nice to be with you. >> larry: ryan left weighs in on what the president said today, next. all my business information is just a phone call away-- to my wife... who's not answering. announcer: there's a better way. intuit quickbooks online p9 organizes your business in one place, and helps you stay on top of your business anytime, anywhere. get a 30-day free trial at intuit.com. >>> this was not a hoax. we had searched the house high and low and -- >> we did this for the show. >> larry: you're swearing none of that was staged? >> larry: before we meet our panel, i want to remind you richard heene the father who led the country to believe his son was in a balloon, will be here tomorrow night. he said it wasn't a hoax. that's friday's "lar we king life." joining us in new york, stephanie yoork. bay buchanan, republican president of the american cause. in philadelphia, liberal side, is lamont hill. professor at columbia university. contributor to the root.com. he's a liberal. and the conservative in washington, amanda carpenter, "the washington times." the buck stops wi