than four hours have not been offered the choice of social security or another savings plan. we fear this is going to expose the district to liability, so we hope we can work that out. we will now look forward to working with our professionals so they can look forward to retirement with dignity. the professionals who will possibly not have time left in their careers, a group who are 55 years or older, will have the choice of social security or establishing an account in arizona and name. -- in their own name. district staff have been spectacular in helping this group make their choice. i wanted you to know that. if we urge the commissioners to vote in favor of this resolution. >> any comments from school board members? roll call for the approval of the termination of the target benefit plans, the first one. [calling votes] >> for the second one, approval of the termination of the alternative retirement system. comments? >> i just have a comment. after this step, what are the next steps we would be engaging in waste our potential retirees -- engaging in with the potential reti

we can talk about social security a little bit. >> social security, here is my commitment. i do not know about the other folks. social security will not only be there for you, but it will also be there for the next generation and generation after that. it is one of the most important social insurance programs that we have. by the way, you pay into social security. they called it an entitlement, but it is not an entitlement, you are paying for it. it has been taken out of your paycheck. it is true that as the population gets older, there is going to be more and more pressure on the social security system. the social security system is not the cause of our deb our deficit. do not let folks opel you by saying that in order to get a handle on our debt, we have to slash social security. there are some modest adjustments that can be made that will make it solvent for 75 years. that is about as long as you can think ahead as a country. the way to do it is similar to the way that ronald reagan picked social security back in 1983. they said ok, we will make some modest adjustments t

who want to cut spending who literally want to dismantle social security. right now i've seen these tea partiers and i understand it and i've seen some television clips i mean i just i don't know i've seen some television clips or the so-called prominent members of the tea party going back to their districts and in effect some of the people saying oh god we didn't know you were going to do this right by the way when i when i was on the plane coming here coming from washington i heard there was an earthquake the very first thing i thought oh don't let this happen. twenty five years to have a monument but more also martin i said don't let the earth quake distort the. very first thing i'm sure you find i'm sure of this but i'm concerned that the hurricane me may mess up the day there isn't really on the twenty eighth well we'll see ok it's going to be so but. in any case in there we have about two minutes left how how do you think that dr king right now would respond to president obama and to the economic situation and to the members in congress who seem hell

let me try to set the record straight here on social security social security is in fact solvent it will be for at least another twenty five years it's got two point seven trillion dollars in its savings account that savings account was invested instead of buying for example stock in the stock market what the trouble with it which would be pretty irrational particularly given the last crash we had you don't want to gambling with your social security money and instead of just putting it in a checking account citibank which be crazy what they did was they bought treasury bills with treasury bills the debt of the u.s. government now the reason why president obama said that if the nation goes bankrupt if we you know if we hit the debt wall if the republicans. don't raise the debt ceiling the scary checks may not go out is that in order to get the money to pay those checks the social security department has to take those treasury bills and to the treasury department redeem them say here give me the cash and this and that and the treasury department has no cash so it wouldn't be able to p

third, my proposal wasn't privatizing social security. it was keeping the same basic defined-benefit plan and adding on an additional saving, very different. we do know something about how these various accounts have performed. they don't have to be all that -- you can hold treasuries if you want. we did in fact in the united states in 2001 or two, forgot which, allow the railroad retirement fund to invest in equities and managers have in fact done that. and if you compare the performance of the railroad retirement fund from 2001 to now which includes include some fairly choppy financial years -- let's leave it at that -- it far exceeds investments in treasuries even with what went on in 2001. so, i would like to see this debated on on the merits because we have in fact retirement problems. in the last is, i wouldn't disagree with you that this is about values. absolutely and ultimately budgets are policy and policies reflect our values. i certainly believe that there is a good case to be made on the value of benefits to the poor and the

when i retired, i am eligible to collect social security next year. i found out that they can take up to 66% of my social security because i worked for the state. i paid into social security for 34 years and that is wrong for the government to single out one group of people and tax them like that. host: republican from harvest, alabama. caller: mo, thank you for your vote. i was wondering if you could comment the bit about the illegal immigration issue in the doj pursuing our state? host: the congressman has left. he was here until monocoque 30 a.m. eastern time. why is that so important to you? caller: this may not be popular opinion here, but illegal immigrants are not always trouble. they are here to just better themselves and their families. i'm not certain that it would not be a bad idea to make them citizens if they were, in fact, free of any particular wrongdoings or unlawful activities. host: "the new york times" have the back story on how the deal came together with negotiations. later on and talks about the negotiations finally coming throug

coming up in tonight's daily take how republicans are cleverly turning social security in a soon to be phased out welfare program. drives the world the fear mongering used by politicians who makes decisions to break through a bit through being made who can you trust no one who is your view would have noble mission to read see where we had a state controlled capitalism is called satchels when nobody dares to ask we do our tea question more. your take my take is our segment on the show where you have the opportunity to make yourself heard here on the big picture our first coming comes to us from the message boards over at tom hartman dot com of your wrote since the usa supreme court was never supposed to make laws and veto any laws that exist then what is the role of the u.s. supreme court supposed to be. well the answer is that it's a that is laid out in the constitution in plain black and white it's the first court where the nation goes for cases involving disputes about treaties embassadors controversies between two or more states between a state and citizen of another state between c

we could cut out people that are cutting social security checks where it is really not social security. then we could deal with that issue. a number people have proposed this. heritage is done tremendous work. we hide so much in the whale welfare and disability payments, all through the budget. people do not realize -- 7% of one budget is food stamps. if we could take every bit of welfare and put it in a welfare committee, then you would see that there are 85 different groups that will buy a 20-seat vanity's town and carry three people to take care of their issues. we could consolidate that and save hundreds of billions. until we bring that together -- at heritage, they had a chart that showed all the welfare, when you pull it from all the different budgets and put it together, and that chart went through 2008. and ask for a copy of the chart to bring it through 2010. he said, to you not understand? you hide all the redundancies' through some many budgets, it takes me two years to find it all. if we get it all out in the open, we could do what he was proposing, cut out the redundancy,

social security was 76 years old on sunday. it was passed and signed into law by president roosevelt. the system experienced few growing pains. it was a it was a healthy and viable benefits for retirees. after leaving its teen years and aging, it began to show some wear and tear, but who among us does not at age 76? or in my case, 75. i believe almost everybody agrees that some social security form -- reform is needed. i emphasize "reform," not political one upmanship to create favor with citizen. social security has kept millions of our most vulnerable our party. my favorite singer, my mom depended on her check, and her sister would have celebrated her 99th birthday august 14. her son, my cousin, former kentucky state senator ray white, turned 76 this week. they're surviving sister lives down in okeechobee florida. by the way our national spokesman, pat boone is still singing at concerts'. seniors are entitled to solutions, not political potshots. after all a system that started as a 2% tax on $3,000 in income has grown to 12.

social security trust fund is a $2.60 trillion surplus. why would anybody including the president talk about cutting social security when all we have to do is lift the cap on people making $250,000 or more and we could solve the problem for 75 years? if the president wants to do that, he is going back on a campaign promise and is doing something the republicans have always wanted to do, that bush talked about. i'd think that is a mistake. everybody has got to compromise. when you have the richest people in this country doing phenomenally well, corporate profits are phenomenally high, wall street is back to where they were before they caused this recession, there has to be a whole lot of give on this -- that side before you take the elderly and sick and children who are hurting today and have them give more. >> in december of last year, you made a remarkable speech lasting 8.5 hours talking about these very topics. you were more or less frustrated now? the bookf you read became of that speech, you will find that i kind of predicted pretty m

it sounds like he wants to fix social security. in fact, in his book, governor perry argues that certain new deal programs "massively altered the relationship between americans and their government, violently tossing aside any respect for our founding principles of federalism and limited government. by far the best example of this is social security." rick perry does not want to save social security for the younger generation. the monstrous lie is not social security, it is more likely the monstrously misleading idea is that rick perry would like to protect america's most important social safety net for the next generation. the truth, rick perry is perfectly happy to have the next generation go into retirement and old age without a safety net of any kind. he said in an interview, "i don't think our founding fathers were thinking about a federal program of pensions, nor a federal program of health care." so the goal in rick perry's america would be what, to save from the wages so many americans don't have because they don't have job

what i prefer sequestration over a bad deal the cut social security and medicaid it wreaks havoc with programs that people desperately need, i would prefer that. on the other hand, if the committee can come up with a fair and responsible package and call for shared sacrifice, that protect the needs of ordinary people, i would support that. one of the things are really concerned about. the media talks about a trillion here and trillion there, but we don't talk about what these cuts mean to people in the real world. about theing possibility of massive cuts in child care and head start when we have a child care disaster. we're talking about massive cuts in college grants when people can afford to send their kids to college. we're talking about decimating the environmental protection agency's one we're trying to combat global warming. we're talking about cuts in nutrition programs would we see an increase in hunger among children and the elderly. what are we really talking about? we're in the midst of a horrible recession and people are hurting. if you start cutting all of these programs,

both social security and citi bank mailed apology letters. but the memory of having been killed off remains a bitter one for margerie. >> it's a dreadful experience to go through. you laugh and your friends joke with you, but inside, you're feeling pretty sad about it. >> reporter: social security says it could be nearly error free if every state participated in a computerized system called electronic death registration. but only two-thirds of the states do, apparently because of a lack of federal funding for the program. alina? >> allan chernoff, thank you. >>> meanwhile, it's a pretty dismal week for the u.s. economy. it really showed on wall street this week. get this, the dow has lost nearly 11%, just felicia taylor here with a look at the numbers and what they could mean. >> this past week, there was a tremendous amount of anxiety and uncertainty in the marketplace, and the problem is, we don't know where the growth is going to come from. that's the major question facing investors and tradering around the world. we heard from china that

social security is solvent forever. tom there's eighty million baby boomers about to become social security eligible and i'm on the back into that look i don't expect because right it would go back to security that's why when i got my reagan double tax them the baby boomers are the only generation in history that not only paid for their parents' retirement but also are paying for their own that's why there's a two point seven trillion dollars surplus in the trust fund that's what reagan. taxes in eighty three. perm everybody agrees or entitlements is the biggest part of our budget problem no it's not here is that nobody agrees to absolutely there the budget problem along here are social security medicare and medicare is in trouble because the republicans inserted medicare part d. would says that while the veterans administration can buy by penicillin for a penny a pill when when medicare buys it they've got to pay full retail at three dollars and eighty cents a pill it's a six hundred eighty billion dollars giveaway to

who received very untimely news from the social security administration. marjorie is a healthy and vibrant 94-year-old yet the social security administration thought she died five years ago. >> you look very much alive to me. >> i feel alive now, but at one time i didn't. >> was that because of what the social security administration told you? >> yes. exactly. one young clerk looked me in the face and told me i was dead and i said but i'm standing right here. >> she went to her local bank to get cash, but her atm card wouldn't work. when she went inside, a bank officer cut the card up right in front of her and said according to our records, you're dead. >> i explained to her well, i didn't feel dead, but she insisted i was. >> to your face? >> to my face. >> someone inside the social security administration corrected an incorrect digit while recording the number of a person who had recently died leading the computers to believe marjorie was dead. it happens all the time. about 14,000 times a year according to the social security administration. what's more

social security, medicare and medicaid account for 1/3 of the economy. about half of federal spending. overcoming decades, if we are going to be able to balance our budget and not spend more than we taken, we have to make sure that the promises we make in social security, medicaid and medicare are promises we can keep. there are various ways of doing that. we could raise taxes on people. corporations are people, my friend. of course they are. everything corporations earn ultimately go to people. where do think it goes? it goes into people's pockets. human beings, my friend. you could raise taxes. that is not the approach i would take. you can make sure that the promises we make our promises we can keep. the areas you have to consider are higher income people receiving less rapid growth in their benefits. if you want to give wealthier people a bigger portion, that is your right. we should have progress of indexing. we should consider a higher retirement age. those are things that should be considered. you may disagree. my view is that we do not make promi

for social security. the president would have had to prioritize and say which things would be paid, which would be delayed. i think social security would have been something that would have been paid in a timely fashion including our creditors, about $200 billion, l

security in other words billionaires pay virtually no social security taxes or working stiffs making forty thousand bucks a year carry the entire lot and according to the congressional research service just by a limited. and ensuring the billionaires pay the same social security tax rate as the rest of us the program will generate massive surpluses and stay solvent for at least another seventy five years but for some reason that's off the table as is government spending to list fifteen to lift the fifteen million children in america out of poverty so why would the republican party lose its compassion and when that is stop looking out for children senior citizens those who are most in need of more on this i'm joined by democratic strategist erica community erica welcome not to be our but. what's happened even the pretense of compassionate conservative i think i mean i would say that this that conservatism hasn't been compassionate in a long time but the fact that they kind of thrown out even the label of compassion is really kind of striking i mean i i think there's a couple things th

one of the social security issue. they say it is broke. yet they lowered the social security taxes and they call it a payroll tax some people did not notice it. when it was originally set up, our legislators were not supposed to be able to mess with it. the other thing is the fact that no one is mentioning the ones who will really benefit of social security goes down and that is big business. they will not have to pay their portion of that. i did not even know why social security is considered part of the budget when it is a self sustaining entity. the other is everybody's thing about regulation. i kind of agree it would be nice of government got out of regulating things, but when they stop the deregulation of banks, oil, utilities, what has happened to middle america? it is looking to me -- i am sorry to say that i think all of our politicians are putting middle america down the drain. host: in "usa today," they say manufacturing activity grew at the weakest pace in two years. july automobile sales are due out today and expected to show s

if we don't do something to save social security when we hit the year 2036, social security will only be able to pay benefits to the extent that they're covered by incoming receipts, and that will mean a sudden, shocking, painful 23% cut in benefits for senior citizens. we have got to begin to enact reforms now to slowly save social security, and we can do it. i want to indicate today to my colleagues that senator coburn andary working again on a bipartisan proposal to secure social security for america's seniors for the long term, and we hope to have that done in time to also forward to the special committee for their consideration. so bottom line, we can't protect these entitlements and also have the national defense we need to protect us in a dangerous world while we're at war against the islamist extremists to protect us on 9/11 and will be for a long time to come. we can't not touch the entitlements or raise taxes and create tax reform proposal and expect to protect all the programs of investment in our future that mean so much to america's families. education particularly, alter

the average american will have socialism in the form of medicare social security. police fire schools you know the typical stuff this is you know we all pay into it we all get out of it it's socialized but rich people have their own post form socialism and they love it too for example the top cap and capital gains tax rate is fifteen percent what i just mentioned they don't pay social security or payroll taxes on money after the first hundred six thousand dollars so on a million dollar income nine hundred ninety thousand of it more or less nine hundred thousand and change i don't know social security taxes on a billion dollar income you know nine hundred ninety eight million dollars no social security taxes do a pretty good oil companies are getting three billion dollars an hour for corporate jet owners get accelerated depreciation even the airlines don't get the deal of corporate jet owners to get you know if the billionaire with a private jet bankers get trillions from the fed i mean literally billions in tax dollars that the banks are bail out corporate is corpo

people coming into the social security arianna and people coming out of the social security area. that accounts for part of the reason why they tend to appear smaller than many people expect. spurred activity is an -- productivity is an assumption that is fly-specked a lot each year. future productivity will be roughly consistent with what has few business cycles. you do not fund the system with productivity. you fund it with taxes upon wages. an important component of this is what is the share of productivity growth that is expressed as real wage growth. this is important because compensation that is expressed as real wage growth is taxable by social skirting, where -- social security, whereas compensation that comes in forms that are not taxable like other benefits, do not result in additional revenue for social security. there is the wage differential more than productivity projections that is relevant to social security finances. we are projecting a slight increase in real wage growth: peace ford, based on projections that the share of worker productivity growth going forward

a recent cnn/orc poll shows 84% of americans oppose cutting spending on social security. even more, 87%, opposed cuts to medicare. back with us bob, don and diane. bob, with america's debt more than $14 trillion and counting major cuts are coming. if we can't touch programs beneficial to seniors like social security, medicare, then aren't we subsidizing one generation, bob, by protecting money from one and we have to take from the other. >> may seem like that, but ultimately i think not. what i fear is happening is that this generation is getting left behind not because of medicare and social security, but because we haven't put in place an economy in which they can thrive. so there's not employment out there, college kids moving back with their parents after they graduate. if you really wanted to do something about this -- the long-term future of these young people, you need to set up an economy in which they could be employed but you would need to get a handle on health care costs and i think that the way to do that would be to provide, for example, medicare for everyon

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we would fund a 401(k) and social security. host: how can you protect the pensions for current beneficiaries? guest: we are fully funded. we've had discussions with congress about taking over the pension funds and managing them ourselves. we know that those funds are in place right now and are confident weave enough going into the future. as volume drops, you reduce headcount and that takes care of the pension issues. host: patrick donahoe has been with the post office all of your career. guest: i was an afternoon clerk and was going to schl in the morninat the university o pittsburgh and a worked after school for the first few years until i graduated. host: he has been the seventh 73rd post -- office in general. guest: you compete for the job, you were appointed to the job. i served at the pleasure. host: new york city, ken. caller: good morning. i live in a large city which could be any large city. there are these derelicts who are picking up trash, some put their containers in canisters. it says on the side, property of u.s.

i am pushing over 70, i draw social security. both of my parents and died before they were the age that they would have collected social security. i know that they paid into it. what happens to the funds of people that pay into social security, but become deceased and do not have any one who paid in coverage, like for a minor child? guest: what really happens is it is financed out of payroll taxes. when they come in, the federal government says -- thank you for your money -- and they give the social security trust fund the confirmation based on risk free assets. it pays to whomever is untitled and liquidates those securities, turning them into cash. there is no account for your parents, who passed away before. it really is a plan that is for everyone. the amount of money in the social security trust fund is only a few years worth of benefits. it is really a pay-as-you-go program. really, this generation of workers are paying for the retirement of the retirees now. this will continue, but the ratio of retirement to workers is goin

another $20 billion in mandatory spending, that's medicare, social security, medicaid and about $156 billion in savings will be made, as the deficit shrinks, the government's interest palts go down. step two could be the hardest part on this, it creates a new super committee to come up with additional cuts for the president to get an additional $1.5 trillion in borrowing authority. six republicans and six democrats on that committee. paul, due to report by thanksgivi thanksgiving, why have a vote in the december before an election year in the big question is, the president says i would love that additional deficit reduction to include closing loopholes on the republicans. this fight is not over, is it? >> it's not over at all. we'll know better when the members of that super committee are appointed. very often here in washington personnel policy is policy. they're likely to be appointed on the pledge that no matter what they won't vote for a tax increase. we have this enormous triumph by the republican party, a massive cut in future deficit. without a nickel, not a penny of taxes on

security, not allowed to -- they protected social security, protected medicaid, and they can only deal on the provider side and can't deal with programs that serve poorer people. >> yeah. the triggers i think which i suspect will never come into play because you're going to see, for example, every defense lobbyist in washington pushing for this committee of 12 to come to some kind of conclusion that can pass congress, but the triggers protect medicare beneficiaries. this is a game the republicans played all last year in terms of health reform where they said there were huge medicare cuts. there weren't huge medicare cuts for beneficiaries, there were cost controls and restraints put on providers, and by the way, paul ryan in attempt to voucherize medicare depends on that element of obama care to try to get it done. >> now, dana, a lot of the cuts also are back loaded. a lot of them are not immediate. a lot of them are back loaded. so when you look at discretionary spending cuts, there's only 21 billion in 2012, so when peo impact the economy, immediate impact is not nearly as much as i

remember, of course, the payroll is there for social security. if you raised the cap you raise about 0.6% to gdp. 0.6% happens to be the extra size of the social security shortfall. if you raised the tax cut, you would in one fell swoop close the social security tax cut. that would be it. you would be done. you don't have to cut benefits. it would be finished. if you don't want to do that because you refer to raise retirement wage as opposed to taxes, that's your prerogative. that's a very big step towards fiscal responsibility. >> so i feel what i heard you just say and what we talked about last week is this idea that the republicans appear to be willing to actually increase taxes on people who make 100,000 or less by allowing this tax cut to expire, but unwilling to imagine raising this cap so that people who make even 200 or 300 would be paying the same kind of fair share in. i want to be completely clear that's what's happening here. >> absolutely. it has been striking over the last years as you see the republicans have a marked evident prefe

the best example, he says, is social security. social security as a molotov cocktail bar barian throwing at the gate tossing aside the principles of our nation, at least before he officially became a presidential contender, rick perry was frank about his opinions on programs such as social security and medicare. last week, "the daily beast" dredged up the out-takes from a "newsweek" interview done with rick perry last fall, things that didn't seem interesting enough to make the first cut of the interview before he was running for president, that's how these things go, context is everything. but in the new context he is in of him running for president, here's what he had to say, "i don't think our founding fathers, when they were putting the term of general welfare in the constitution he means, i don't think they were thinking about a thinking about a federally operated program of mentions, nor a federally operated program of health care. they said those were issues that the states needed to address, not the federal government. i s

they got social security reform. they got a tax reform bill through. >> stephen: what did that stop? that sounds fun. at night you get together and have a couple of pops and plan what you are going to fight about the next day. >> some people were earlier. >> stephen: and then the fights good get g. when did that stop? >> the late 80s and early 90s. you have the 24/7 media. the people in washington have a fund raider. they are in a constant campaign mode. media plays a role, money plays a role. it's a 50/50 country. >>. >> stephen: was it not a 50/ oak country before? >> for most of the 60s it was a predominantly democratic country. a great civil rights act were passed because of the senator. >> stephen: and he freed the slaves. >> that's right. >> stephen: doesn't mat we're what century still the mid 60s. >> i will never forget that story. >> stephen: you broke that one. [laughter] mitch mcconnell said that this has now set the template for the republican behavior when it comes to negotiating with the president. cert

i think social security, you know, when social security was implemented the average, you know, life expectancy was 57 years old. now it is much, much older. and we need to adjust that. we need to raise -- >> oh, i'm glad -- so the problem is that y'all are breaking promises and lying to grandma, you just live to long. you should have died at 57. >> let's talk about means testing which is part of the plan. this is something i hope we could agree on reverend al. if you're a millionaire, i don't think you should be getting checks from the federal government for social security or medicare. why can't we just come together and agree on that? that people who are millionaires shouldn't be getting social security. that's the type of entitlement reform we can agree on. but dem krts oppose that. >> you know what the problem with that is, steve? i may not even have a problem with what he is saying there, my problem is you don't want millionaires to get a check but you want them not to have to pay taxes at a rate that their secretaries pay. something strange about how you want millionaires to not get noth

president looking at options for the viability of the social security, which led to the social security reform act of 1983. house that lood on in history? the suess or not a success? guest: there was the thought that it saved social security from the brink of collapse. the social security commissioner early on said that the commission pretty much in deadlocked. they had findings and and they knew there was a crisis brewing. president reagan stepped in, tip o'neill, the speaker, stepped in. they brought it to the commission and the commission agreed. would give the commission cut it with working. it is part of -- the story -- we give the commission credit with working trade is part of the store, but it took political intervention to make it work. host: what are the lessons? guest: there is something with the committee by giving it a statutory authority, by treating triggers -- creating triggers. it stacks the deck in favor of the committee. but it's a guess that in the end, given -- it suggests that in the end, given that the parties are polarized, it is hard to see a grand bargain witho

so he doesn't think social security's a ponzi scheme? that's next. >>> and even kate middleton is wearing her dresses to multiple public events to show solidarity with the british people. but mitt romney decides to triple the size of one of his homes while the american unemployment rate is over 9%? >>> coming up, 2010 rick perry thinks social security is unconstitutional. 2011 rick perry doesn't remember that. >>> and extreme makeover mitt romney edition, as his plans to triple the size of one of his houses. >>> republican presidential candidate rick perry is barely into his second week on the campaign trail and already his team has had the first flip-flop mess to clean up. perry's communication director is trying to do damage control after news organizations like "the wall street journal" started taking a closer look at perry's book, "fed up!". in it, perry goes after social security calling it "a crumbling monument to the failure of the new deal." many american seniors who now live with dignity and security instead of hunger and fear,

the social safety net not being damaged, so security, medicare. democrats have had an issue with the way this debate has developed. the economy is fragile. it is sputtering along. state governments will be hit hard as the stimulus retracts. it will only get more gramm in the view of democrats, now that we have this package in place. host: florida, independent line. caller: i am 77 years old. i was a lifelong democrat. i am an independent now. i am wondering why the writers and even c-span, but when they re tobama's speech on thei support this and not one reporter went behind that with his speech he made in 2006 condemning george bush for raising the debt limit. that is why we do not trust anybody in washington, d.c. anymore. guest: i do not know anybody that looks at this debate and thinks it is good. people are frustrated. it went down to the wire. it is not looking very good. i heard this last weekend. [inaudible] peop were blaming washington in general. maybe there were more frustrated with republicans oremocrats, but everyone was frustrated. p

and lastly let me mention social security. it is not part of the budget it freeman because it did not contribute one penny to the deficit problems we have today, not one penny. if anything, it makes us look better because we use tax per -- tax surpluses in social security to mask the true deficit. social security should not be included in any of the numbers that i just mentioned. and i will fight for that. i know a lot of my colleagues will fight to make sure that social security is not part of the budget numbers that we need to cut that deficit. in social security, we like to have the 75-year sovereignty. we like to put it on a stronger footing. minor adjustments can deal with those issues. it does not take a lot of changes for example, we could look at the wage cap. if you learned in come -- if you earn income, for every time you pay, it is capped. those who make over $100,000 in salary find that the social security contributions are capped. we could address that. there things that we could do that excessive security systems

so he doesn't think social security's a ponzi scheme? that's next. >>> and even kate middleton is wearing her dresses to multiple public events to show solidarity with the british people. but mitt romney decides to triple the size of one of his homes while the american unemployment rate is over 9%? while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of

i know what social security means for my family. i know that my father, who worked with this hand all of his life, road construction work, h. i know that today, that same road construction worker can probably not send his son to stanford university anymore. i may not be in the situation my dad wasn't, but i know the issues that my dad filled. i hope that each and every one of us understand that it is not cost we're worried about. it is folks like my parents, who built this country. tavis: this leads me to my next point. there is one hispanic on that committee. there is one african-american on that committee. the overwhelming majority of of the crushing that americans are feeling -- you know where i am going on this. they're bearing down on your timidity and my community. yet there are only -- on your committee and my community. there are only two people of color on that committee. the numbers are clear. the hail is raining down on hispanics and african-americans. i ask what you say to those persons of color who are being hurt the mo

we should do away with social security. we should do away with the 16th and is the 17th amendment to the u.s. constitution where we can't even have a standing army. or that texas should secede from the united states. the problem they have with perry is this, ed. he is going to be the republican candidate. it is going to happen. because -- >> that's right. >> their attitude is no mormon at the top of the ticket no matter what we have to live. with they have to live with this guy. >> lizz, i want to play this piece of tape. here what perry had to say about evolution in school earlier. >> it is a theory that is out there. and it has some gas in it. but in texas, we teach both creationism and evolution in our public schools. >> well, a spokesman for texas teachers union tells us that creationism is not part of the official state curriculum. it puts michele's elvis gaffe in perspective. >> sometimes i really start to think that the reason these tea party people don't believe in evolution is because they haven't been part of the