mrs. colbert busch. most experts agree in order to cut the federal debt there needs to be entitlement reform, other than reducing waste, fraud and abuse, what are specific ways you would suggest to lower long term costs to ocial security and medicare? >> first let's talk about social security that still will be solvent in 20 years. what we need to do in reaching across the aisles, does it have a bipartisan approach like tip o'neill and ronald reagan, to come together as the parties to talk about how we'll move this forward and openly have a dialogue about it. social security is still solvent 20 years and we need to address that. when we're talking about medicare, again, we have a grave concern. medicare is not even allowed to negotiate pharmaceutical contracts like the v.a. is. that's $24 billion to our bottom line that we can negotiate and level out that playing field. we need to address those costs. we need to address overbilling and need to address the impacts obamacare has to cutting medicare benefit

mr. colbert. >> i took the liberty of opening you a twitter account. now, president clinton was taken.rson clinton was taken. but pres billy jeff was available. >> pres billy jeff. i like the way that sounds. but then it was time for the first official tweet. >> 140 characters or less. >> just spent. >> just spent. >> amazing time with colbert. >> sound good? >> question. is he sane? >> there it is. even with the hashtag for the clinton global initiative. and check this out. we've been tracking his popularity on twitter all day. by 5:00 p.m. he was up to 81,000 followers. not bad, mr. president. not bad at all. are baked with brown rice and sweet potato! triscuit has a new snack? no way. way. and the worst part is they're delicious. mmm, you're right. maybe we should give other new things a chance. no way. way. [ male announcer ] we've taken 100% whole grain brown rice and wheat, delicious sweet potato, and savory red bean... and woven them into something unexpected. the new brown rice triscuit line; with sweet potato and red bean varieties. a new take on an old favorite. with sweet po

mr. president, welcome to the colbert galactic initiative on its inaugural night.impressive. >> stephen: thank you. we put it together quickly. >> one of the things on my bucket list i just added something, climbing kilimanjaro before the snows melt, riding a horse across the gobi desert and now i want to go into outer space on one of your spaceships. >> stephen: if you'll provide the funding i'll find somebody to build it. >> that's what everybody tell ms. he. [ laughter ] >> stephen: william jefferson clinton may i call you billy jeff. >> once the president leaves office, you can call him anything you like. >> stephen: really. i'm honored. [laughter] before we start a couple of ground rules, all right? >> yes. >> stephen: i'm here in this venue at washington university we're broadcasting right now on the colbert report. are you familiar with that program? >> i am. >> stephen: this is not charlie rose, buddy. i'm going to bring it hot. i'm going to bring it hard with a side of truth. here are the rules. if you start filibustering, i will cut you off. [ laughter ]

that is called the colbert bump, mr. president. [cheers and applause] welcome to the big time, my friend. the next time you are visiting one of your agricultural projects in uganda the villagers are going to go, hey, you are that dude from colbert. we ready for that. folks you want to follow the clinton foundation twitter feed @clintontweet. i know it's no perz billy jeff but it's a nonprofit. we conducted our historic chat in st. louis site of this queer's clinton global initiative university where every year college students present projects that make the world a better place. for instance, a few years ago jessica matthews april tended cgiu and designed a soccer ball that generates electricity for people in emerging economies. after 30 minutes of play it can power a light for three hours. best of all, you only have to watch 30 minutes of soccer. [ laughter ] so -- [cheers and applause] who knows what big idea will be next? jim? >> i headed over to the cgiu's exchange fair to check out some of the problem solving projects being pr

mrs. colbert? i forget who it was. no. it was "saturday night live." eric holder said i'm right here. some difficult days. but even when the days seemed darkest, we have seen humanity shine at its brightest. we've seen first responders, the national guardsmen who dashed into danger. and every day americans who are opening their homes and their hearts to perfect strangers. >> that's how he ended his remarks. very nice. >> stephanie: everybody says conan o'brien did a great job. here he is. >> it's been several months since you were re-elected, sir so i'm curious, why are you still sending everyone five e-mails a day asking for more money? you won! do you have a gambling problem we don't know about? >> stephanie: all right. in other news over the weekend supreme court justice steven breyer was hospitalized following a bike accident. he underwent reverse shoulder replacement surgery. >> that sounds bad. >> wait a minute. reverse? shoulder replacement surgery? >> put in backwards? >> stephanie: now look what did you! i can help you with that hump now. >> i have to drive backwards. >> perh

applause ) >> colbert: that's the report, captioning sponsored by comedy central (cheers and applause). >> jon: welcome to "the daily show"! i'm jon stewart. got a good guest tonight. mr tom cruise will be joining us on the program. welcome to the show. once again having to start under just horrific events here in this country. i really hate the fact that i can cross reference my thought to so many other events that have occurred over the years of a similar ilk so i'm not going to. i'm just going to say this to boston: thank you. thank you for once again in the face of gross inhumanity inspiring and solidifying my belief in humanity and the people of this country. so thank you. (cheers and applause) for everything that you've done. (applause) an amazing -- that's quite a little city you've got going on up there. and you know new yorkers and boston obviously have kind of a little bit of a competition, often times the two cities accusing each

colbert did. even giving him the presidential twitter handle o of @presbillyjeff. i guess the handle bill clinton was already taken. welcome to twitter, mrent. >>> and you can hash it out with us. follow me at twitter. >>> and coming up, it is certainly not your everyday prom invite. you will see the ♪ using telemedical and mobile technologies, verizon innovators are connecting trauma surgeons to patients in the field. helping them get the attention they need, before they even reach the hospital. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. w

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colbert. question, is he sane? >> darwin's groundbreaking evolution of gay marriage acceptance chart. that's illegal, god hates you, god hates you, but will and grace is entertaining. how about a civil union? congratulations mr>> if you're african-american and conservative in this country right now you're vilified. >> what have you been called since then? >> some of the words cannot be used. there's less respect. young men are not aren't respecting young ladies. they're going around impregna impregnatiimpregnat impregnating them. >> people can be brilliant and still be dumb. >> there's a famous quote where she told president bush 41 not to go wobbly. >> that's not true. >> one of the top ten people of all time. >> sometimes i think of her when i think of the task that is going to be ahead of us after obama leaves office. >>> let's get right to our panel. joining us is ryan grim, washington bureau chief. thank you for paying attention, from the "huffington post" and dane ma milbank, political columnist from the "washington post," always on order and on point. dana, we just heard the great dick cheney saying what he thinks of margaret thatcher whenever he thinks what the united states is going to be like when

mrs. sanford is beyond upset about this and is really just champing at the bit to go after him on this. the question is, will she stay silent? will she endorse? i don't think she'll endorse colbert but will she say, mark did that to his boys, to my children, that's not okay. if that's the case, that's going to be very important to watch. he could lose because of that. >> in a way, her silence would speak volumes in and of itself even if she doesn't endorse either side in the race. jimmy, an obvious question, but how important is colbert-bush's gender in this race? how important is it that she's a woman running against this failed man? >> massive. did you ever see the movie "steel magnolias"? tells you everything you need to know. this is a simple thing. women run the state for all intents and purposes. they run the households, they run soccer camps, et cetera, et cetera. and women pay attention to this kind of thing. i have to be honest with you. most businessmen, the republican establishment, even the men in south carolina, are upset with sanford for trying to make this comeback. they have to make a decision, do they want to get him off their radar screen out of the political r