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we want to welcome our viewers in the united states and around the world. im wolf blitzer. youre in "the situation room." gunfire, honking horns, celebrations in cities across libya, marking the death of gadhafi. were following all the breaking news this hour. the man who ruthlessly ruled the country for 42 years was killed today outside his hometown of sirte. he was 69 years old. president obama said his death marks the end of a long and painful chapter for libya. >> one year ago,...

Im opposed to the next one, gym memberships. >> youre always at the gym. gym memberships are $40 a month on average. thats down from a couple of years ago. were using the gyms more often, so it costs less per visit. >> inlt surprised by this next one, concert tickets. a lot of the big performers canceled or scaled back. discretionary spending, a lot of people dont spend 100 or 200 bucks to go to a show. >> 2010 was a tough year for the concert business. they overestimated fan loyalty thinking we...

Base price on luxury cars trying to appeal to aspirational shoppers. if you look at gas prices 39 cents higher than we were a year ago. suvs and gas guzzlers will be heavily discounted this year as well. >> public transportation, my friend. >> never looked so good. >> i couldnt get a subway at 4:00 this morning. what are you going to do? it was one thing when he retired from baseball, but gil meche walked away from $12 million because he felt like he didnt deserve it. the kansas city royals pi...

I certainly hope so. again, i think part of the challenge, chris, in this is the idea of privatizing social security terrifies the majority of americans. thats an ideological idea, versus people are afraid. the polls show that richard lui showed, raising the the age or cutting benefits. so they have to find a way to do it that is not about scaring people into accepting something that doesnt seem fair. there is this element that this is our money, you know. its our money that weve paid in, the go...

A larger amount of money, maybe they pay in a little bit more so we can take care of people on the other end of the scale who may have done more physical labor and need those benefits. >> i wish we could keep talking about this. were out of time. its a fascinating discussion. >> the debt commission had xemg exemptions from those physical labor workers. >> important stuff. thank you. >> we need to bring back the the lock box. >> thanks to both of you. >> thank you. some pretty disturbing report...

Its not going to be like that. according to a new report from the government, were not going to have all that money in 2037. if youre in your early 40s or younger, that means that your retirement may not be there. the same on disability and receiving survivor benefits. a study says at current levels social security will go bankrupt in 2037. it will have no more money. that is despite this number way over there, $2.5 trillion. that is a big number. that is the cash in the bank that associate secu...

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