items to his room. moammar gadhafi is ready for a cease-fire, parentally, according to the south african president trying to broker a truce. gadhafi is not promising to step down, which is the main demand of the rebels. sarah palin s one-nation bus tour is in gettysburg, finally. there are times when she sounds like a would-be presidential candidate. she still isn t ready to call her tour anything but a campaign for america s constitution. the tour started in washington wag. then, it continued on to pennsylvania. there was some confusion about where exactly her bus was headed at times. she refuses to tell the so-called mainstream media exactly where she is going. her co-worker, greta van susteren was invited on the bus. she said, despite how things look, her one nation tour is not political. it is not about me. it is not a publicity-seeking tour. it is about highlighting the great things about america and the media can figure out where we are going if they do their inve
top of the hour, i m suzanne malveaux. i want to get you up to speed. in about 90 minutes president obama is going to lay out a blueprint to tackle the nation s crippling $14 trillion debt. the plan counters a recent proposal and is sure to impact a broad cross-section of america. we re talking from high wage earnings, those who make a lot of money, to the nation s poorest, the retirees to those who have just been hired. our special live coverage begins at 1:00 eastern. captions by vitac www.vitac.com the president s plan not even ready. on the floor today the minority leader suggested that the president s proposal will be nothing more than political theatre. the truth is the president is only entering this debate at all because he can no longer ignore the growing bipartisan calls for
tax cuts expire, expecting to raise taxes on those who make $250,000 a year. carol costello with more. lots of responses. we did have a lot of responses. the answer to our debt problem. this from jean, yes, it sometimes feels like the greatest generation has given way to the greediest generation. instead of a call to sacrifice to support what are now three wars, we are going to go shopping and take your family to disney word. yes, we need to cut spending but we need to increase revenue. this from scott. unfortunately seeking out and closing the tax loopholes for the rich and liens for corporations is not a recipe for a resurging economy. the rich will move money and purchase assets and investments oversees. it is really a tax hike or a
invite those who make more than $250,000 to weigh in on this. i want them to way in og this and say, okay, we ll pay. we ll give a little bit more. i m sure we won t get many of those kinds of e-mails from people making over $250,000 a year. look, who wants a tax raise? nobody wants their taxes raised. it s a tough thing to ask of people, no matter how much money you make. well, president obama and other wealthy americans are willing to make the sacrifice. i d be curious to see if there are folks that say, okay, i ll give a little more i. wish i had powerful ceo friends, but i don t. but i ll try to find some. share the love. thanks, carol. ahead on the rundown, medicare, medicaid, social security. we ll explain why you may not get out of it what you re actually putting into it. plus kentucky s flood zone. more rain may be on the way. also ahead, how to protect your money from hidden bank fees. and imagine this. if your city were told how to
programs are really shaping what this debate is all about. our cnn s don lemon has a closer look. you re not doing the auctioning, are you? i can use the numbers. you ve got to slow it down. you and i are about the same age. we ve been paying into the system for about the same amount of time and we expect to have that money when we retire, when we get sick. we want that money as many americans most americans do. listen. when you re trying to deal with a huge budget deficit and one that is $40 trillion over the next ten or eleven years, we re going to have to look at that closely. i want to talk about entitlements. entitlements make up 40% of the budget. look it here. social security, 20.4% of the budget. medicare comes to 12.8% of the budget. medicaid, of course, 7.28% of the budget. this is where changes can be made.