neil king remains here as a -- david jackson covering the white house and neil king remains here as aend of bill. what's up with sarah palin? she is out of a job. >> heard around the country and seen on current tv, this is the bill press show. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if yo

now neil king. >> we should point out that neil king is happily married. >> bill: he is happily married to get those compliments, don't you think? even married men like that. >> you could say something to me and bill every now and then. >> bill: what are we? chicken soup? [ ♪ theme ♪ ] >> bill: hey, good morning everybody. welcome to the "full court press" here this tuesday morning. january 29. here on current tv. coming to you live all the way across this great land of ours from our studio on capitol hill in washington, d.c. bringing up to date on the news of the day and of course, look forward to hearing from you. give us a call at 1-866-55-press. the boy scouts really shook it up yesterday. announcing that they are considering changing their anti-gay policy. haven't decided it yet. they will decide next week. but not as good as it sounds because even if they change their national policy, they will still allow local speech, local scout troop to make up its own mind whether it wants to admit gay scouts and gay scout leaders or not. that's dumb! that's wrong. if discrimination is wrong

and part of it is this kind of bassettization of kings. neilou have to match it more than double with with real cuts in spending, the president talks about, oh, yeah, i'm for spending he means i want to increase by a smaller amount than i otherwise would have wanted, to we're talking about culting spending cutting out bad programs that person who had it best was jimmy carter he tried to do washington to do a zero-based budget. we have look at every program of the government and say does this akoch blue chip somethina-- accr america? neil: it does not appear we started this year on a promising note in that regard. maybe hope springs eternal, senator, you are troubled what your old colleagues are condock concommenting? >> i'm troubled we have a government that does not seem to make good decisions. this is not complicated. we have health care costs that are ratchetting out of control, we need to fix that. we went to two wars at the same time we did a big revenue cut. everyone understands, you can't do that without ratchetting up big deficits, let'

it's going to get a lot worse as long as we think we are the king of the world. >> neil: thank you very much, i think. it is clear we are dealing with a mobile enemy in africa which makes fighting a lot harder. what is the best way to counterattack. we don't have a lot of money to counterattack. my next guest says go after their money. wayne, explain. >> at first, let me quickly respond to congressman paul's last statement that is we shouldn't act like kings of the world. if we did kings of the world much more often and showed how powerful we were, we wouldn't have all the mayhem. with regard to their finances, their ideas of financing terror is no different than the terrorists i faced 35 years ago. they have some easier electronic ways to collect that money. they are still on using blood diamonds. they are using gold. they are smuggling currency and using corrupt bankers primarily in kuwait and qatar. >> they have a informal system that are like american express stands throughout. >> neil: how do you choke that off? >> it's very difficult to choke that off on the informal systems if no

neil: we mention because of the martin luther king holiday, the markets are closed, how are they or howme being. but it does not delay the reaper significantly, does it? peter: well, it may. you know, any serious cutbacks in government spending and the impact they would have on the gdp, on the economy, we have seen some estimates coming out of the office. if the cuts do go through, it would be, what, about $100 million. that would have an impact on the economy, on economic growth, especially if they proceed and go forward with about half of them on the pentagon. big impact on defense companies and defense stocks. neil: rich, edson, if you are still with me, while the president supports a simpler tax code, he will not do that at the expense of entitlements. very rare to state that in and address like this. it is more for a state of the union address. does that mean he has his fight on now. rich: he has not had any type of message that he would ever be willing to reduce the benefits that people receive. when you look at the inaugural address. these things do not stop our initiative. they

you know what i expect him to say, neil at his second inaugural as he put his hand on martin luther kingjr.'s bible and lincoln, i expect him to look american people in the face. ask not what you can do for your country, ask what your country and government can do for you. this is awful. we $16.4 trillion debt and mounting. the president's dared republicans to call him on spending problem. folks if you don't think you will have jbs now, you will not have them in another four years. that is the problem. neil: think about it, whether you're on the right or left, we have a very brief honeymoon period, window, in any new administration to attack something that might be controversial and certainly, let's say reining in entitlements. maybe slowing the growth of the military, anathema to republicans. it fits that description. but if you don't do it in that immediate period, you never do. and so it is put off for another few years. that is why i'm reading into these preparations for the inauguration and wondering, where is the talk of this? it might pop up in the president's speech. it might pop

neil irwin of the "washington post." and, steven, governor christie was very angry, congressman king, others from the northeast very angry. what happened? >> it was amazing to see almost a melted down on the house floor last night with all of these members, republican members, coming to the house-- floor and just ripping into their leadership saying they felt they had been lied to, that they were going to get this before they went home. and then it went poof. and basically, our understanding is the speaker basically decided, look, we just had this big fight over the fiscal cliff. everybody is angry about the lack of spending cuts and then we're going to have a bill that spends $30 billion or $60 billion, depending which bill they ended up bringing to the floor, i think that was something that, you know, ended up being a p.r. nightmare for them to have hour after hour, whether it be chris christie or pete king or whoever going on the news and saying, "hey, don't give request money on the republican party if you're in new york or new jersey." and within a day, they backpedaled and, you know, this thing is going to start on

neil cavuto. he will be back tomorrow night. have a great one. john: this week watching the inauguration i wondered, did we elected king? america's first inauguration. john adams suggested george washington be called his most benign. fortunately congress insisted on a more modest title. people cheering the president. acting like he would make everything better. >> climate change. >> what do you think the next four years will be like? >> i think it's going to get better. john: what will president obama do about immigration? >> and discernible. john: marijuana. >> i expect the federal government to come in. john: that is our show tonight. >> and now john stossel. ♪ john: to was that guy? anyway, this monday our nation's capital looked like a marquee when a new king is ground. thousands of plot, a cheer. many act like subjects worshiping nobility. economic troubles, why all the pomp? watching, i wondered, should our capital be called imperial washington? maybe ago to far. senator john barrasso attended the inauguration joining us from washington. my imperial washington seems to be a minority opinion. in my being unfair? >>

neil: that's never the case. that's never the final ticket. >> reporter: on occasion, it is. however people do decide, if i am going to fly budget airlines, i want to be the kingirlines. they are learning that people are willing to pay up. if i can get the baseline price, a better plies than on american or united or whatever it is, they know what they are paying for. but if you go and pay above that price for united, you figure you are going to get thrown in with all the rest. this might be a good strategy for southwest airlines -- >> neil: not if it chases its elite flyers away. >> reporter: you know what is funning? of all the testing the airlines do, the fees that most flyers are willing to pay more for is a warm meal. >> neil: really? >> reporter: people want air warm meal. that's the thing they miss. they miss getting served on their flights. >> neil: i know you are a health nut and you jog a thousand miles a day. but hello, sinna bon, they near every airport. free advice. the nightmare not over for dream line erz. investigators are testing the jet's battery charger, nearly a week after regulators grounded the embattled 787. dan springer with the latest.

peter king who can't scare up a camera when he's investigating the muslim threat, but if he's going to say mean things about speaker boehner, he gets a big profile in the washington post. >> neil: and what is it, chuck schumer said you ought to tell people to their face they're not getting this money. i'd be happy to go to their face, you're note getting the money because some thieving bastard is. i'm he trying to make sure that you get the money and some other low life doesn't steal it from you. i'm sure that anyone in staten island would agree with that and affected in queens, they want the money for them, to help for them. not some cockamamie roof-- >> the way it stacks up, it's outrage obama, outrage boehner, and then sandy victim. nobody is going to be able to get up and make the point, why does a taxpayer in north dakota or wyoming have to send their tax dollars to manhattan for disaster relief? you know, it's just not a question that they allow people to ask or discuss. >> neil: no, no, it becomes verboten and the waste goes on and the parade goes on. excellent as always, my friend, thank you very much. >> thanks. >> neil: all right, if you remember, the s&p downgrading