many of these plants are significantly underfunded.e that fund them, usually the great potential exposure, the question is how do we deal with that? i don't know where these bills were and up but the debate is good. what is going on on capitol hill which will likely pass are two things that will be good for plan sponsors and employers and plan participants. there are two huge initiatives. one regards the transparency on 41 k accounts for the second one is holding more people to the fiduciary standards of erisa both of which i think are very positive host: as far as these are concerned, how much do they eat up a person's retirement? guest: it can be from 20 basis points, a small amount, to up to 200 basis points. per annum. this can affect someone's pension up to 30%. these are very substantive debate going on. i think the american public should be extraordinarily engaged in this. host: san diego, calif., democrats line. caller: nice to talk to you this morning. when my husband called as company and said we were married, i did not pay a

even though we've given more funding for the research and demonstration, we are still chronically underfunding c.m.s. operations. and, if we continue in that pattern, we can have all the great ideas in the world. it won't get implemented, or implemented poorly and we won't be better off than we are today. >> that brings up the next question. you also mention the newly created center for medicare invasion, which was authorized under the health care health reform law. mr. whitfield and i have been working on a demonstration project we think meets the criteria for the c.m.i. demo and provides them with $10 billion in funding to carry out these new demonstration projects, which in my opinion is a sizable amount of money. hopefully we will see lots of ideas that can deliver medicine. yet, it indicates there may not be enough funding to carry out all the demo projects. even though none have been taken up yet, because frankly it's been a short time. and that what are the issues that may call c.m.s., even though none of it has been taken up. it may cause issues with the fifa service modee. can you dis

like other companies, it is significantly underfunded. there is a federal agency being created in the u.k., the pension protection fund to backstop those promises. it is much younger and does not have as many assets. there are legitimate concerns from the british taxpayers and participants in these plans on whether or not these are protected. i want to reiterate that there is no issue with respect to his host: thank you for being with us bradley belt. 7:00 a.m. eastern time, 4:00 a.m. on our western coast. tomorrow, the former national intelligence director who served from 2005 until 2007. he will be here to talk about as a position as the president moves forward with his latest nominee to hold that position. also, michael tomasky which is the american editor at large at "the guardian." now, with the school was a public service to serve as the public ambassador to iraq. thank you for being with us on this sunday. enjoy the rest of your weekend. [captioning performed by national captioning institute] [captions copyright national cable sate

it's always underfunded, competing for the same resources. and, in fact, it's just like the old tale of the elephant. one of us is the trunk, one of us has the tale, somebody has the left. , summer has the right hind leg. we've all got pieces of a puzzle that have to be looked at systemically. has to be looked at systemical systemically. and it iin that spirit that we have attempted to build a coalition of a existing stream of democracy reform in the united state and said two things. this coalition of organizations, if we could in fact at least learn enough about one another's work so that at the right moment, you know, ameicaspeaks rks craig safe democratic spaces for people to influence public policy. but that doesn't meanat the right moment that we can't inform and educate our entire network and collaborators about the impact attention of citzens united, onven further decreasing the free safe space for democracy in the uned states. or i could take a flip example. 80 said this part of it the best. that he actually used the phrase at the end

made promises to a lot of people and you are not going to be built have a because pensions are underfunded. the other problem is energy independence. i think he been pickens has done a tremendous job at educating the -- i think t boone pickens has a tremendous job in educating the country. we could be stronger because the money would be invested in america. one type of technology will not get us there. technology continues to change and improve, but what is so unique about 22nd district and where we all live, we are one of the largest in wind, one of the largest in seller, we had geothermal. we do our part -- largest in the solar and we have geothermal. we do our part. our oil costs less and get less for it. but if you are buying from another country come are we funding part of the problems and is going somewhere else? how can we protect the environment but make that investment where we control our own destiny? that's a fundamental difference. let's go over here. >> [inaudible] >> is that gone? i do not think i hear it -- is that on it i do not think i hear it. let's do this. you figure it

we made promises to a lot of people, and you're not going to be able to have it because we are underfunded. the other issue is energy independence. we have done a tremendous job of educating the country about where our money is going and who is spending it based upon our energy. if we could be energy independent, we would be stronger, because we would be invested in america. one type of technology will not get us there, because technology continues to change and improve. we have great potential in the wind, solar and geothermal. we produced 10% of the entire oil in the nation. the idea that, if we are buying it from someplace else, from another country, are we finding our problems? how could we make an investment so that we can control our own destiny? that is the issue. let's go over here. >> [inaudible] >> is that gone? i do not think i hear it -- is that on it? i do not think i hear it. let's do this. you figure it out. we will go over here and come back to the spirit -- come back to you. >> my name is jay. an oil tax? that is too big. you're looking for trouble. let the u.s. navy go in

create jobs were indeed, we should never forget that our public schools are often criticized an underfunded by the foundation of our prosperity. you should applaud at that. [applause] a lot of people -- schools are the engine of job creation and skills and imagination. we embark tonight on a very difficult but historic mission. we want to take back our state. we want to recapture the dream and the sense of can do that to people to california for hundreds of years from all over the world. they still come. now without the hope and determination to do what they did. let me say that to serve as a governor of -- as your governor would be a deep honor. the state has done so much for so many and given me my family. nothing that i could do would please me more than being able to go back to sacramento and fix this thing and get it working again. california for always. thank you very much. [applause] >> thank you. ♪ >> gerald ford was and the white house when jerry brown last began his tenure as california governor serving from 1975 until 1983. >> we have a lot of people. when i win this campaign, no

it only takes over pension plans that are underfunded. the premiums that the agency collects from the company's -- companies are like the fdic. it is insufficient to cover the deficits. the bush should ministration and congress back in 2006 -- the bush administration and congress passed a bill intended to improve the status of pension plans. they wanted to make sure they got to fully funded status over seven years so if there were distresses with the corporate parent that there were negative implicationn on pensions or burdens on taxpayers. the problem is we have the more recent economic doonturn in the markets. they have deteriorated substantially. companies have come back to congress and said they cannot this environment. otherwise we will have to close plants, cut jobs, etc. please allow was some more latitude to not make those more stringen obligations.3 down the road. the economy turns around and trust us to make good. host: we have an e-mail rom san diego. our e-mail is journal@cspan.org. "the entire narrative of how this happened i

boccieri: we were handed two undeclared underfunded wars. we were in a free fall. greed, unregulated greed on wall street. and now the solutions we hear from the other side is we need to privatize social security to pay for our debt, we need to make sure we apologize to b.p., we need to make americans work harder and work until they're 70. mr. speaker, there's a clear difference. we need regulated reform to make sure that wall street banks are accountable. we need to make sure we move away from our dependence on foreign oil so we stand up to the big insurance companies and provide access to health care for all americans. there's been a clear difference difference for the decisions that we need because we know on this side that leadership is about action, not position. the speaker pro tempore: the gentleman yields back his time. for what purpose does the gentleman from illinois rise? >> to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. quigley: mr. speaker, trade is critically important to our economic well-being. trade p

the agency is responsible for this are chronically underfunded. if we won high standards, we are going to have to enforce them. host: hot springs, arkansas. go ahead. caller: that man who said he invested in china and lives in the united states, i think he is wrong. he needs to invest in the united states. why is it that chinese, the vietnamese come anybody from another country can come here, buy a house, set up business, and if they go out of business, we are the ones that pay for it. host: we are going to let those philip is online. -- is on the line. caller: i had a question about minister forth and his policy on foreign aid. how many of average jobs have gone on to china via foreign aid money? guest: we do not give any foreign aid to china. i do not think there is any connection between jobs going to china and foreign aid. there are not a recipient of foreign aid from the u.s. government, never have been. host: barbara, seattle. go ahead. caller: i wonder -- i am concerned about powered drums going to china, but i am also reject about our job

southeastern connecticut because this congress recognized that our subin aareason fleet who had bln underfunded under the prior administration was running into end dates for the ohio class submarine program. we have invested over the last three years in growing the work force, research development, engineering, and these new jobs will now ensure that we will have a submarine fleet well into the later stages of the 21st century. it provides stability for the economy innsoutheastern connecticut. we'll maintain that connecticut will become and remane the submarine capital of the world. i yield back the balance of my time. the speaker pro tempore: for what purpose does the genttelady from north carolina rise? ms. foxx: permission to address the house for one minute. the speaker pro tempore: without objection, the gentlewoman is recognized for one minute. ms. foxx: thank you, madam speaker. i rise today in tribute to don moss of pilot mountain, north carolina, who is a dedicated volunteer at wake forest university baptist medical center. why is mr. moss so special? because over the past three decade

the jobs we need, we should never forget that our public schools, often criticized and usually underfundedr the foundation of our prosperity. [applause] a lot of people rundown schools, but the fact is, that is the engine of job creation and skills, imagination, and dreaming for the future. it is the engine of the ideas for new jobs of the future. so as we embark tonight on a very difficult but historic mission, we want to take back your state, recapture the dream -pand the optimism and the sense of can do that drew people to california for hundreds of years from all over the world. they still come. not with out the hope and determination to do what they can. to serve again as your governor would be a deep honor. this state that has done so much for so many, including my own family. nothing that i could do woold please me more than be able to go back to sacramento and fix this thing. california for all. thank you very mucc. [cheers and applaase] ♪ >> we have a lot of work to do. people power, the internet, neighbors, person to person. we have a lot of people. we are not scapegoating immigr