add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most likely outcome of the ongoing negotiations which, is a marshal implementation of these spending cuts and what you see here are two lines. the top line is out lace as a percentage of gdp or government spending as a percentage of gdp and starting today and going out through the end of 2022 and this is a forecast for the next nine years and going below that is rather a new as a% of gdp and what you take way here is what are we dealing with this budget deficit problem for some time if there is a good side to that, if you can continue to grow an economy, even with a budget deficit, what you are looking at here is gdp but not the way that you are used to looking at it more often than that phot what we talk about d g t we focused on the economy quarter growth range and whether it grew during the quarter this teems you in terms of a absolutely level base basis and reason i

reasons that the anchor is very exciting and they are desire to both accelerate the process and use it as a long-term industrial use that could lower the over all price of reusing pier 48, potentially and also bring other sources of an end user sources to doing any of the work that does need to happen. that is why we are showing 154 on the perform a analysis and on the staff report we talked about 125 to 126 million is what we considered the project infrainstruct stur and so this is the over all capitol sided idea is that will unlock the value of the parcel, and the development rights pavements are up front lease payments and also help to reimburse and pay for infrastructure we are showing that around $54 million and the rest of that money will go into port rents. we are viewing this as an opportunity site is that we are taking there are developers that the market rate of return and we are offering them a form of participation, once we have reached what we see is a fair, and lofty bench mark of $4.5 million for the site and we want them to have incentives for us to get that amount of money and more.

group of individuals and organizations and the public to solicit input on best and potential uses for long-term tenancy at the palace. whoa the department intends to commence a competitive bid process, activating the soon to be vacant site with interim tenants:department has been in conversations with those interested in the space from march through august of this year and those range from international arts exhibition, corporate events or events related to america's cup. beginning in august of this year, through july of 2014, the department is proposing to use the space vacated by the exploratorium for the temporary occupancy of town school. town school is located on jackson street. jackson street location will be undergoing renovations this school year. and they need to temporary relocate their facility and they approached the department earlier last year, pardon me, to operate their school just for this school year at the palace of fine arts. i wanted to give you a little bit of information about town school and their mission statement. diversity, inclus and equity are essential core values

access to capital is very difficult and there isn't the sense that the long term payout makes sense for wall street which is used to very short term investments we need to change the nature of the capital relationship to these infrastructure projects and then we'll see these very long term spillovers that will be the extraordinarily helpful for the country so how do we change the nature of the capital relationship to. oh there's so many great ways to that we could have local infrastructure banks where communities put their skin in the game and said we want to loan out to infrastructure providers that will build what's needed and then will be paid back over time as people subscribe this is what stockholm did is a bunch of countries in asia have found ways to just risk the capital and then get it back and get it back in spades because their costs of communication go down far down over time so local infrastructure banks would make a lot of sense increased federal stimulus grants would make sense there was a seven point two billion dollars stimulus program at the beginning of the obama administration which is a brig

talk to us about long-term entitlement reform. but this will hit areas like detroit.ou'll see the disparity of how corporations are doing and how municipalities are doing. >> what's the indicator you would look to? tell me when this quantitative value has changed, that's when we'll know we're ahead of the curve. >> i think just to continue to look at housing prices. in terms of what's really going to drive a broader recovery. you're getting people feel wealthier, they'll spend more. it drives fed policies more effective if people can actually get these mortgages at low rates, see prices going up. people more willing to sell the houses they have. i think that's the critical piece of this economic recovery. it started a little bit but from a low base. >> ezra what do you most want to see turn that you'll feel we're ahead of the curve? >> unemployment. i know it sounds trite to say it at this point and i agree with ben in terms of housing being a leading indicator. but i will feel better about the economy when we are back down to 6.5% unemployment. that's when you'll see

makes sense for us to take a balanced approach that takes a long view and doesn't reduce our commitment to things like education and basic research that will help us grow over the long term. >> meanwhile a new survey from the national association for business economics shows a majority of economists are opposed to the automatic sequester cuts but say washington does need a sound plan to reduce the nation's budget deficit. well, joining us now to discuss the impact of the sequester spending cuts we're happy to have representative ed royce a republican from california. congressman royce is also a senior member of the financial services committee. welcome, congressman. let me begin by asking you. it's a big employer in your district. were you getting calls from employees today and what were you saying? >> i didn't get any calls from employees of rathion but i think most people understand at this point we just saw a massive increase in taxes at the end of the year. the president got what he wanted. huge tax increases. if you think about it, when we're running deficits over a trillion dollars a year and the question under the sequester, a proposal that came from the white hou

the question of how feasible they are and which forms will become more integrated and more used in the long term will depend on how they develop in the kinds of investments that are put into them but they're the nuclear industry had essentially slowed down in the developed world because it is not cost efficient so so that's not really a viable way forward especially when you consider that the waste needs to be contained for hundreds of thousands of years which is longer than humans have had to agriculture by twenty times and so the cost of it are very high so it's hard for me to say it's not as a person it's not an energy policy expert which are the most feasible and viable paths but it certainly will be something besides nuclear power and most like to be something sustainable related to wave energy solar power wind power there's a variety of energies incipient in that in the environment that have not been utilized sufficiently to provide energy. right robert jagers associate professor at the hiroshima peace university thank you so much for joining us here on r t and sharing your views with us t

32, the investment we made on that facility were highly targeted for that substantial use, rather than making long-term infrastructure repairs, where it was strongly suspected that it was capable for a few more years. other items that we delivered on time, the removal of pier 1/2 and the project is about 99 percent completed. the power crews did a great job in getting it done quickly as they have. pier 23 is ready to be energized and scheduled for this week. we had obligation for improvement for 19-and-a-half and 23 which is the administrative office. march 1st was also the date to have handed everything with the exception of a small roof where they are going to replace an antenna. how do we do hitting that mark? we've handed over completed the real estate negotiations and transactions for pier 80, 27, 29, 29-and-a-half. i want to point that we were ready to hand those over but at the request of the event authority, 30, 32 we expect to hand over in march as soon as that team shows up and ready to set up their base. the cruise terminal we expect to hand over by monday when they start to build their hous

access to capital is very difficult and there isn't the sense that the long term payout makes sense for wall street which is used to very short term investments we need to change the nature of the capital relationship to these infrastructure projects and then we'll see these very long term spillovers that will be the extraordinarily helpful for the country so how do we change the nature of the capital relationship to. oh there's so many great ways to do that we could have local infrastructure banks where communities put their skin in the game and said we want to loan out to infrastructure providers that will build what's needed and then will be paid back over time as people subscribe this is what stockholm did is a bunch of countries in asia have found ways to just risk the capital and then get it back and get it back in spades because their costs of communication go down far down over time so local infrastructure banks would make a lot of sense increased federal stimulus grants would make sense there was a seven point two billion dollars stimulus program at the beginning of the obama administration which is a b

>> so they recommend offering a cash buyout now and suggests lawmakers take a look at long term costs before using furloughs again. live in sacramento abc 7 news. >> tonight a major win for walmart in a fight to bring the first super center to the east bay. the state supreme court decided not to hear a petition from opponent that's would likely allow walmart to move forward with construction. walmart approached about that expaengs nangs 2004. the bigger store including a bakery and enhanced outdoor living department. state treasurer has called off his plans to wife. he fail filed for divorce vors after nadya admitted to being a drawing addict and having an extramarital affair. nadya lockyear just completed drug rehab. a spokesman says they worked out differences. the lock years have a 9-year-old son. >> still ahead an east community gets hands dirty to save a gardening program. >> and a trench collapses in southern california trapping two workers. >> you'll need umbrellas, soon. when the rain will be returning in just a few minute autos a 7 on your side follow up. developments on a man suspected o

enough for us to have long-term horizons. >> you say buying opportunity, right?hat's what you're saying. it's only going to go down a few percentage points. where would you do that? >> yeah, i continue to think that some of the free cash flow stories are the place to be. and they come across lots of different sick i canically calls. se mthey are giving us a dividend. a new ceo in place. and, you know, look at the storage and security markets continue to be growth markets. in health care, i would nominate becky dickinson. they are three businesses. all three are improving. the company has, in my mind, worth high single digit growth in a selling out of pe ratio less than the market. and then given the fact we've run so hard, acknowledge we pull back, i want defense in my for the polio, pun intended. a name like raytheon. a company with flattish earnings and pe that is less than ten times. those kinds of names make sense to me. >> ten-year yield today. it's 5202. a lot of talk about whether we will see the great rotation. what do you think? are we gonna and when doe

intelligence services american office he says iraq has descended into chaos because a us invasion led to a long term plan for stabilizing the country. the cia told the pentagon toppling the iraqi regime is the easy part but what are your scenarios for iraq once you remove saddam hussein the da da replied just let a savior through and then everything will stabilize but that's the kind of mind frame that dominated the american war effort there was no sustainable long term strategy and that's why it all ended in chaos and look what happened to iraq after two thousand and three would warn the americans that if the regime would fall iraq would devolve into a jihadist stronghold. i mean it's the month since the guantanamo bay hunger strike began the still no sign of the crisis being resolved and some protesters are reportedly close to death sandeep a newco is a lawyer for one of the prisoners and is near camp delta she outlined her clients plight and says guards are resorting to harsh tactics to force the inmates to end their campaign. the first say that i saw him he was very we had not been able to sleep

makes sense for us to take a balanced approach that takes a long view and doesn't reduce our commitment to things like education and basic research that will help us grow over the long-term town -- the tone he took today and friday dramatically different than the tone he took monday through thursday and from the administration about how the impact of sequester. does the white house believe they over-hyped sequester in the early part of last week? >> no. you know, chuck, i don't see that being dramatically different, and i'm out here in chicago. i'm not there dealing with the day to day, but from an outsider's view in, it doesn't -- you know, i think that the -- any white house, any administration has a duty to tell the american people that government services are going to be impacted by across the board budget cuts that are happening in washington as a result of two parties not being able to come to an agreement. that's part of their duty. last week they spent the week making sure that everybody understood that there would be some impacts, and they won't be all immediately. there will be over the long-term, but what has been consistent from what i just heard of the presi

makes sense for us to take a balanced approach that takes a long view and doesn't reduce our commitment to things like education and basic research that will help us grow over the long-term will continue to seek out partners on the other side of the aisle so that we can create the kind of balanced approach. spending cuts, revenue, entitlement reform, that everybody knows is the right way to do things. in the meantime, we're going to do our best to make sure that our agencies have the support they need to try to make some very good decisions. understanding that there are going to be families and communities that are hurting. and that this will slow our growth and we'll need lower employment in the united states than otherwise would have been. but we can manage through it and we're going to rely on the outstanding leadership of all these agencies to make sure that we do whatever it is we need to get done to help america's families. now, my agenda obviously is broader than just the sequester. because i laid out both in the inauguration and during the state of the union, a very robust gent to make sure we're doing everything we can to help families thrive and expand their op

. >> plants give out oxygen therefore, they could be useful as a part of the system for long term space travel. >> these are the equivalent of use gs test tubes you. >> don't have gravity to hold things down. >> it's a way they can do research. >> this is understanding what happens in micro gravity providing leads to what is lakely happening again on earth. each stays in space a different length of time. a demo coming back march 25th. the seedling growth will stay up there until space x three makes a return flight in the fall. >> a lot to watch. >> yes. let's check on the forecast. >> yes. we mitt the weekend you can't beat this. >> this week weather thrilling next week it will be chilly. >> yes. >> we have changes coming our way. we have clear skies but are picking up clouds not only off shore but thin high clouds beginning to move overhead now. western sky lots of color in the post sunset sky. look at high temperatures 76 degrees today in jant rosa. oakland, 74. santa cruz 81 also a new report high for this date. another live view of the western sky from our camera, 60 degrees now in

terms, not ours. that's how our system works. e-trade. less for us. more for you. then i read an article about a study that looked at the longhealth benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. >>> tonight, "world news" is back putting cash in your pocket. we saved one family thousands of dollars on prescription drugs. and tonight, another simple way to save money while sitting on your sofa. abc's paula faris with real money. >> reporter: remember cari and andrew from florida? together with health care advocate michelle katz, we negotiated with their pharmacy and drug company and cut their yearly bill by thousands of dollars. did you think this would be possible? >> no. >> reporter: but so many of you had questions about another one of michelle's tips. finding better deals on your drugs by old fashioned shopping around. so, we visited doug hirsch, ceo of california-based good rx. >> americans are paying too much for their prescription drugs, until now. >> reporter: his company shows you the best deals around yo

high quality coffee that does not exist that we can bring into our stores and provide long-term differentiation between us and everybody else. >> okay. let me move on to what is going on in the u.s., howard. what are you seeing in terms of economic growth? >> i think when the 2% payroll tax went into effect in february of this -- of last month, the entire retail and consumer category in terms of consumer behavior was modified as a result of that 2%. we have since, and i think others have seen it, come back. i'm cautiously optimistic about the economy. it seems as if despite the unemployment, despite the debt, that consumers were spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. >> what about the minimum wage in this country, howard? is 725 enough? lots of pushes to take that up to $9 as president obama as talked about. >> i think the minimum wage issue is a double-edged sword. and what i would not want to see is the minimum wage go up and as a result of that employers starting to hire less people or cutting people's hours. and so you have t

us half a chance, we can turn out to be some pretty wonderful people. texas recovers is proud to present thomas "hollywood" henderson, a man in long-term recovery. how you doin', thomas? (applause) the suffering need to know that-that there is an us, and the us need to reach out to the suffering. and so bringing events like this around the country lets people know that people recover. people recover. substances took me down some roads that i shouldn't have gone down. i spent 7 months in treatment, aftercare, morning care, every care, give me some care, where is the care? i'm probably the proudest recovering alcoholic in the world. i haven't had a drink or a drug for 27 years, 10 months, and a few days. (applause) you get to build a new life- because a lot of times people who talk about recovery talk about they want things back. "i wanna to get this back, and i wanna to get that back." i think to get so many new things- because there is life after treatment, and a good life. so it's time for those that have a problem really to get into recovery. (music) and ladies and gentlemen, i would like all of you the stories of recovery are the stories of in

>> the right answer is we did all agree to it to force us to compromise on long-term entitlements and revenue reform. >> but that hasn't happened. >> that simpson-bowles called for and others. >> but that hasn't happened? >> and why hasn't it happened, david? >> i think you made your case about that. in the back and forth, you found yourself in a feud with bob woodward of "the washington post" about some of these issues. and part of that exchange in an otherwise cordial email included this. this is an email from you to bob woodward. i do truly believe you should rethink your comment about saying that the president asking for revenues is moving the goal post. i know you may not believe this, but as a friend i think you will regret staking out that claim. when you said you would regret staking out that claim, what did you mean? >> i meant that while the first issue of whose idea it was of the sequester was when i disagreed with him on, but i could see how honorable people could disagree. i was trying to explain to him from a substantive point of view that the idea that the president of

that a lot of people underestimate it because a lot of criminals underestimate us and quite often you will finish a long-term investigation where the crime happened 6 months ago and when you are interviewing the guy and he says, i never thought you'd catch me, and they don't. they don't think you will catch them but officers spend the time to do it and again that comes from their training and working with it. as a law enforcement officer you are required to come up with expertise in all kinds of disciplines. you come to work as a patrol officer and you walk out on the street, first call you get might be to go to a traffic accident. you have to look at the physics, you have it look at the scene and see what happened. you might leave there and go to narcotics activity, leave there and go to child abuse, a shooting, a stabbing, those are all different crimes. when you think about it, that's a staggering amount of information the officer has to know and he's going to get grilled in court to make sure he knew that information. experts are all made, none of them are born. say an officer goes to traffic, he has a r

using resources. >>host: back to your current book, are receptive to the charge? do we care as a people? >> yes. americans do seem to have a long record of worrying about this. natalie define the term was used as early as 1767 founding generation father's shoes the correspondence but a term that was fought over by left and right and was won by the conservatives to quash dissent on social and foreign policies in the united states. and it was an official concern of the u.s. government and especially the cold war when we try to have a scientific approach to measure opinion to analyze the source of resistance to the united states to come up with policies to combat it. but it is as lofty category of analysis that reduces or deducts from the sum total knowledge but full diversity is the same and the problem is they don't think like us or use reasoning. they are irrational. their hot blooded, prisoners of their emotion. not because we fought a war with mexico and a calf of the territory or in international disputes which we could argue but anti-americanism is a way to look at the world as a mayor. we have a monologue we want it to tell us we're the fairest of them all. that makes an excel

long term. as i've been saying nonstop for five years, it's the long-term debts that kill us. t's plan for the long term and do it in a way that gives everybody advanced notice so they can prepare for the changes. and that's the one concern about moving the age of these changes up to people who are 56, 57, 58. that's dangerous politically, and more importantly, it just is not going to work. >> people plan for the future in their households. it seems we should be able to do it as a country as well. >> it's also not that necessary because we actually have five or ten years, a little bit of a respite given the numbers. they don't really get bad for about ten years. we want to wire it for the future, not for the near term. >>> still ahead on "morning joe," former governor jon huntsman will be here, also robert gibbs. buzzfeed's ben smith and star of "psych," dule hill will be here. up next, jim vandehei has the top stories in the "politico playbook." first here's bill karins with a check on the forecast. bill. >> mika, stress. probably not one weather guy in the d.c. area that got