joining me now, wall street journal's senior economic writer stephen moore. this morning, i was going through all the stuff that is about to happen and i knew you would relate because you and i sat at dinners a few years ago and said there are no way these clowns will do these things and they are all happening now. this is crazy town. get off the dollar and have a global currency, but i think it's going to happen. >> yeah, when you started first talking about this a couple of years when we first met, glenn, i thought you were into the black helicopters an meteor shower crowd. if you look at what has happened in the last few months it isn't so crazy anymore. it's scary. it is not just the global currency. look at all the money we're putting into these global organizations like the imf, the world bank, a huge amount of funding for the united nations, which has always wanted a world governance and the other piece to this puzzle, two pieces to the puzzle, glenn, are the kyoto treaty, what the congress passed just two weeks ago, the cap and trade bill, which basic

stephen moore of the "wall street journal" is still with us. >> that's a great advertisement for cnbc, you should be running that every night. that's wonderful.l. you have done a great job. this is obviously the larry "kudlow report." larry kudlow is not the first guy to say free market capitalism is the best path to prosperity, that came from milton friedman. >> so frustrating, during this epic era we're living through, everyone wants to blame milton friedman's policies instead of realizing they're what led to prosperity and government intervention has been a huge part of the problem with fannie and freddie. >> i knew milton very well. i used to have dinner with him in san francisco once a year. the last time i had dinner with him before he died, i asked what are the three most important things to do to get the economy moving, education vouchers and number two, free trade and number three, maybe most important lin terms of our current crisis, cut government spending, don't increase it. i said, milton, how much did we cut it? he said by as much as possible. >> absolutely, right. one o

watchdogs, over the $700 billion dollaralready spen- one of the main watchdogs, joining us0is stephen moore a writer for "the wall street journal" editorial page. where did that number come from? >> 12 numbers in $1 trillion . he is counting all of the flood insurance and form insurance, all of this stuff, and it is now $23.70 trillion. 2/3 mortgages now being issued carry with them as a federal 100% guarantee of repayment. -- carry with them a federal 100% guarantee of repayment. greta: first of all, $23.70 trillion. either they get it out of us, the taxpayers, or they just print it. the bureau of engraving. we have wild inflation. nobody in china is even going to buy our debt. they cannot buy our debt because it is way too expensive. do me a favor. tell me the best-case scenario. >> the best-case scenario is that we never have to pay any of this, because as the economy goes back to good health, people will pay their bills, and you will not have these foreclosures or bank closures, so people will not need deposit insurance, but the $23.70 trillion is the amount of exposure we have, and tha

bill: stephen moore of "the wall street journal." thank you. megyn: with all the pressing matters on capitol hill like health care reform and confirming a new supreme court justice, congress is taking up the matter today of killer pythons. we are not making light of this issue. one of these things killed a little girl last week because a man had it in his home and got out in the middle of the night. what can congress do about this? bill: good question. nasa is making new progress and establishing a permanent colony high above the earth. the last man to walk on the moon was 37 years ago. he is in our studio this mornin. making it all a bit easier -- now that's progressive! call or click today. bill: new developments in the dublin on a real crash at disney world in florida. the ntsb is joining the investigation. it is the first time the agency is getting involved in an accident on private property. the accident killed a 21-year old train operator, crashing after his train ran into another. a witness called this a head-on collision. toxicology tes

stephen moors points out that clinical trials where large numbers of people are inoculated takes weeks or months and yet have only just begun in this country. >> the real problem is not going to be in these initial trials. i think it's going to be in the production phase, when we try to ramp it up to make enough for everybody. there aren't that many companies able to make this and it's not easy to produce this in large quantities. >> reporter: in europe, swine flu clinical trials are being fastracked to rush the vaccine on to the market. in the united states, the cdc says it will be vigilant about clinical trials, partly because of history. >> a swine flu epidemic may be coming. >> reporter: in the mid1970s, with a max vaccination for a different strain of swine flu turned up side effects that left some people paralyzed. >> now, one of the other great variables in this situation is how much countries will stockpile vaccines for their own use. the cdc is ashire suring the public there will be enough vaccine, but u.s. manufacturers make only about 20% of the vaccine needed for this count

stephen moore, "wall street journal," jamal simmons, democratic strategist. thank you very much for joining us. have a great weekend. >>> the debate over health care reform happening all over the country, probably even at your dinner table. but what exactly is everyone arguing about? here's what's at stake -- projections estimate that by next year, 164 million of you will get your health insurance from work, through your job. 81 million from medicare or medicaid. 14 million of you will buy insurance on your own. and 49 million of you, and counting, won't have coverage. the democrats want to cover the uninsured but also preserve the employer-based health care system. the exact plan, the details, still in flux. but we'll break it down and explain how it could affect your doctor visit and your monthly budget. jeanne sahadi from cnnmoney.com is here. if you get health insurance through your job, through work, not a lot is going to change for you in the very beginning if this plan happens. >> right, there's the near term and the long term for people, called the es

. >> clayton: stephen moore of the "wall street journal" and author of "the end of prosperity" joins stephen. >> good morning. >> clayton: is it too late to give t.a.r.p. funds to small businesses? something they should have done from the start? >> well, it's not that it is too late, it is that this is not authorized in the legislation. remember, this was the $700 billion bill we passed back in october. that was supposed to help the banks and save the financial system. and the problem i have had with the way that the administration is using these health funds, remember when we did the bailout of chrysler and general motors, and that was done with t.a.r.p. funds and now, with the administration -- the administration is saying we wanted to use the money when the banks pay back the money and create a slush fund and use it for lending money to small begins and i'm all in favor of helping small business, they are what will lead us out of the recession, but i don't think the way to do that is to ask the government to give them loans. >> dave: don't you have to change the rules sometimes aft