rick unger and rich and elizabeth and john and morg an, so steve, the president said getting the private bankings out of the student loanand more government has it made it worse. >> it is. college costs continue to go up killing the middle class parents and kids. instead of catapulting a career it is it an albatross because the degree is indebtedness. get the government out so colleges learn to cut costs and have it three years instead of four years and on line and those reforms so you get an education to get ahead and starting out behind. >> student loans are up 90 percent of all student loans are begin bypass the government; is that too much? >> i acknowledge the problem. it is difficult for the kid and schools. but there is it a critical public policy issue here we can't forget. you take away student loans from the government, you are really saying from this moment on, people only with money can go to college. you don't want a country where you have to be wettley to go to college. it is it a way to destroy the middle class. >> rich, one of the worst thing about government loans, they

great news to the private sector and recovery, with me, dan, from the "wall street journal," and rick unger"forbes," welcome to you both. i tried to rile you up in the commercials. first you, dan. when you look at all of this, you have to ask yourself, did theepresident misread the g.o.p.? did he misread we'd be so scared that we would allow him to go through with his aenda, and when we made the bet the sun would rise the following morning, and it did, is he now in a tough predecision? >> yeah, he predicted an apocalypse with the sequester, and nothing bad happened, and the republicans called his bluff, and now i think he is in a tough position, sandra, because spending is going down. the sequester is taking effect. it was obama's intention to get federal spending t rise permanently from a historic degree of 21% of gdp. he wants 23% or 24%. it's going in the wrong direction now. sandra: saying more federal spending will help the economy, not something that all of us believe is true to be the case. >> no, but i got to go back a little bit there. it's absolutely rue that he did miscalculate b