. >> the pblem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they will not support it it was a nonstarter and never going to work in thetave . you have a better chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future and new hires and for their plans. you don't have ill defed benefits and by the way the private sector doesn't get. there is a pension liabity in the state of the california. vicki is right. government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is i a problem with pensions . they are underfunded and we need to do something about it and the big thing here david, let's be fair and they are benefits that are promised to the employees and we nide to ma

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average, and almost back to 18% of gdp and our revenue collection that tells you we have a spending pblem here in in town. lou: there has never been doubt here. and we are keenly aware that your constituents sent the ight 57 to represent them, congresswomadiane black thank you. >> thank you, lou. lou: we'll have much more on the stalemate, the impa, the obama-boehner standoff, and the country's thrift for leadership on these issues, budgets, taxation, economic growth,. here tonight. >> finally official report on benghazi, and it is a white wash. >>murder of four americans, including the killing of our ambassador in benghazi, formally no one's fault, the stonewalling goes on. ambassador john boldon and jude iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell u lou: negotiations over the fiscal cliff are getting tense and nasty the part of the president in one reference today, those negotiations still continuing despite the unpleasant ness, if you we'll, and we'll be covering that with art ouart baronnure la