Twitter. Years and youre saying obamacare has made us look weak to the world is on the matter of time. Number three days to be eliminated and people freed by any means necessary. Unapt on the rear of a hippo waiting to be swatted a size. Number three is a definite threat. I guess so scary it is a threat. Liz well be back here tomorrow to see how it all works out. Money with is melissa is next. Melissa im melissa francis. Here is what is upon any tonight. Millions more will lose Employee Health insurance than first promised in fact twice as money. Courtesy of obamacare. What other surprises did the cbo unearth . You will be as shocked as we were. The u. S. Has spent billions to keep egypt on our side. Shouldnt wed be buying better friends . The fallout could reshape the middle east and weve got details. The plot thickens for baseballs latest steroid scandal. It is not Alex Rodriguez link to a miami steroids clinic. More baseball stars are forced to speak out. What is the cost to their endorsements in the league . A former world series champion will give us his take. Even when they say its not it is always about money. Melissa all right, first tonight, the bombshell hidden within the congressional budget offices new report. The first shocker, flies in the face of president obamas claim. No matter what youve heard, if you like your doctor or health care plan, you can keep it. Melissa well, not really. The cbo always expected some people would get bumped off their plans. Now it projects that number is actually double the august estimate of 4 million people. Now, looking more like 7 to 8 million americans will lose their benefits trat work. Here to help us sort all this out,r. Peter morici and dr. Lee van nokia cure from louisiana sleeve period of time. The from the beginning the math never added up, right. No it never really added up. Health insurae will be much more expensive. Employers will let go, pay the penalty and have their employees into the state exchanges and buy their own insurance. In some places thats what the employees want. Restaurants that have a lot of young wait staff and so forth, they dont want to be forced to buy Health Insurance. Melissa lee, is this a surprise to you . Or is it a surprise you that the number keeps moving . No, its not a surprise this would happen and the problem with these exchanges, i have a friend who is an executive at, at a Health Insurance company and theyre just pulling their hair out because theyre so heavily regulated, these exchanges, its making the products so expensive, that they dont even know who is going to be able to afford. And like we said, if you have guaranteed issue, with no preexisting condition, you can just wait until youre sick, pay the penalty and wait until you sick and need insurance. Its going to be a real mess up. Melissa you know what, lee. That actually brings up a lot of points or a specific point that i heard from a lot of people which is that employers are already starting to figure out how much it is going to cost and begin the process of kicking people off the health care plans. But the exchanges are not set up. So there is a shortterm disconnect where people may find themselves without insurance and they have nowhere to go. Do you think that is really possible . I think theres a lot of states are starting and trying to set up the exchanges but youre right, there are so many regulations in the exchanges, the Health Insurance companies arent really sure what to do. Theyre trying to make products right now and some of them arent ready. And then you talk about, well, okay, some people might qualify for expanded medicaid but right now you cant even find doctors that will take medicaid. Melissa right. So it will be a big issue. There arent even enough doctors to cover everybody. Melissa yh, peter, this is the part that i didnt get. Everything about what we wanted to do, mae, you know was for good reason but it was going to cost more. You wanted to cover people who had preexisting conditions. You wanted to add people on to their parents insurance that were up to 26 years old. I mean youant to cover all kind of things that werent covered before, all those things have cost. When you said, well, that will drive up the cost of health care, they would say no, the savings will come from no one using the e. R. Or whatever the skies was. Is there any w to work out the math so it wouldnt be more expensive . No this, there is no way to work ut the math. Remember the obamacare was a campaign bill than a health bill. Reproductive services and so forth, this thing was carefully crafted to be politically acceptable but economically dysfunctional. It just doesnt make much sense. And it is not going to make many more sense. I have the mind cbo is underestimating the employers that will drop people. There is a lot of pushback from employees they dont want to have to pay for a significant share of a very Expensive Health care plan. Melissa so then what is their choice at that point . If your cost goes up, which clearly, some people are already seeing that this year in their paychecks as Health Care Costs go up and more of their paycheck is gone paying for it, what is their choice if they dont want to pay for it . I think weve already started to see some of it. Families behave very strategically. One spouse tries to find a job with lower pay and a lot of benefits. The other spouse tries to find a job where there are no Health Care Benefits but more reasonably reenumerated. You see that a lot in the restaurant industry. A lot of restaurant jobs where really isnt any health care and employees dont want it. Ive spoken to Restaurant Owners that tried to initiate Health Care Programs and the employees dont want them. Melissa lee, i dont know, that sound pretty efficient. If somebody is, trying to divide your family in a strategic way, whats wrong with that . Well i think, and first ofll i do want to take exception, Emergency Care and Emergency Services are only 2 of all Health Care Costs. So it is true that will be a savings but, you know, i think its a real issue. And right now people that have insurance, its another form of sort of Cost Shifting because people that have insurance, their premiums are going up. Theyre getting bigger copays. You know, they have bigger deductibles. And finally, theyre going to price themselves out. And, its, and i dont think the Insurance Companies are ready to make these products. Melissa yeah. Okay. So, the e. R. Will always be there for everyone. Melissa ell leave it there. Thanks for coming on. We appreciate it. More startling news out of the cbo report, cutting the deficit will grow the economy. They quantified that, it will really happen. Look a chart showing three different scenarios that could happen. If we add to the deficit well see a bump in Gross National product in the shortterm but the economy could take a major hit in the long run. If we cut the deficit we see a major bump 10 years, down the road. Look at that even though the economy will take a hit in the short term. When it comes to the deficit, shouldnt we focus on the long game here im wondering . Here with more is former director of the congressional budget office, douglas holtzeakin. Thanks so much for joining us. Thank you. Melissa i was so excited the cbo finally went out and quantified this and tried to illustrate it to people. Anytime you try to make the case we should cut spending short term to help our children down the road or ourselves depending how long you are, people poopoo that is not like real math s that real math we saw on the bar charts . That is real math and the second example of that real math is what the cbo put out which says, suppose you do nothing . Well, then we have a fault turf bad growth. Their longterm growth rate for the u. S. Has been marked down from 2 1 2 a year ago to 2. 2 . And thats testimony to a staggering debt burden this economy is bearing. Whether you look at it as the bad news, or what we have now or the good news what happens if we take action the math is the math and we can grow more rapidly than we are. Melissa hy is that the case . What is it that happens . What are the mechanicses in the economy . If you cut the deficit what does that free up . Why do we see that growth . First and foremost you take of the table the potential in the future one of two very bad things will happen. Either we do nothing which in case we run into a gree greekstyle crisis. Trust me if youre a business trying to expand or locate in the u. S. That is not a very appealing future that is not progrowth policy. You say well not do that. It takes off the table future tax increases. Once you spend the money you will pay for it one way or another. If you cut the spending you say, you know well have a more efficient government, less costly government. It will not be run by taxes. It will not have a lot of debt. That is a better progrowth environment. The private sector will drive this growth and that is the key to making it more productive. Melissa you look in the same report, it says by 2023 our deficit is going to be or our debt will be 26 trillion. 26 trillion, 16 trillion. Theyre both like monopoly numbers that dont really exist in the real world. Why should we care about that . Historically when countries get above 90 of their economy size, 90 of gdp theyre in the danger zone where they grow more slowly, they get into financial trouble. Were at 100 right now. 16 trillion economy. 16 trillion in debt. Roll the clock 10 years from now, same thing, 26 trillion economy, 26 trillion in debt. What the cbo is saying we can do nothing and live the next 10 years in perpetual potential crisis and with bad growth. Thats a very big price to pay. Melissa do you think thats one of the reasons were seeing slow growth right now . I think there is question about it. I think we benefit from being serious about this. Quite frankly, melissa, we dont have to have the bad news up front. If we were take care of some big spending programs that will really blow up at the end of the decade, medicare, medicaid, Affordable Care act which will be very expensive, Social Security, it will be no near term austerity. This year we wont cut senior benefits. We take care of the debt problem. Melissa all these bills seem like theyre free because chinese are buying so much of our debt. Interest rates are low, and it doesnt seem like much of a problem. What would be happening today that wouldnt be happening if we didnt have this huge spending overhang . If we doesnt have the huge spending overhang we would be best looking horse in the glue fact at this factory which we are financing cheaply, we would be a goodlooking horse really and we would have the capacity to attract business headquarters here. We lost the vast majority of headquarter companies. Theyre going elsewhere. We would would have the abity to attract companies that sell to the developing world. We would establish our Global Presence and cement it for the 21st century. Right now were hanging on but were not really building the foundation for future economic growth. That could happen if we had a better environment. Melissa thats it right there were barely hanging on. Were not building anything for the future. Doug, thanks for coming on. Always good stuff appreciate it. Thank you. Melissa turn to todays market moment. Investors took a breather from the market runup a worries about political instability in europe. Still a choppy session for ocks. The dow and s p 500 squeaked out slight gains with the nasdaq falling three points. Next on money, our debt piles higher and higher by the day but a budget from president obama is nowhere in sight. He missed the deadline for his fourth year. Why . Were going to explain that coming up. Plus the post office waves byebye to saturday delivery but does the drastic step to cut costs go far enough . Congressman darrell issa joins us with reaction. More money coming up officemax is celebrating our new collaboration with go daddy with an online package including domain name, Website Builder with five pages and basic email just 49. 99 thats up to 76 percent below online providers and only at Officemax Stores melissa so we are narrowly avoiding cliff after fiscal cliff. You would think passing a budget would on the president s top priority. Nope, think again. It has been 1379 days since the last budget was psed in 2009. The white house is officially late with its Budget Proposal again, for the fourth time in five years. It is astonishing given concerns about our countrys fiscal situation. Joining me now is congressman Marsha Blackburn who is on the House Budget Committee. Welcome back to the show. Good to be with you. Melissa lets talk about procedure here. What is supposed to happen . The president is supposed to come up with budget and turn it over to congress, right . That is exactly right. He is to lay out his budget and you know, melissa, a budget is a statement of the nations priorities. So were not getting that and here we are, he is late again. So it throws the eire process off pace and of course the house has to pass a budget by april 15th and, as you know, we passed a no budget, no pay a couple weeks ago to make certain that the Senate Finally takes up a housepassed budget. They dont pass it, theyre not going to get a paycheck. Melissa what do you do procedurally if he doesnt hand one over . Can you do one of your own and turn it over . What is your options . That is what were going to have to do. Under the direction of paul ryan, who is chairman of the budget committee, they ll get to work. They will get baseline numbers from the cbo and i imagine in the next couple weeks they will start laying out a process and allow the House Budget Committee to do its work, to work with the Standing Committees and to make certain we do have a spending plan for this nation. Were wanting to get us back on the road to fiscal health. And you know, we would wish that the president shared that desire with us. Melissa obviously it is a strategy. It is not like he is not turning in his senior thesis in time. He is not working on his homework or doesnt have anyone sitting around with a calculator that could help him. Clearly this is a strategy. What does he gain by stalling not doing anything . That is a question that a lot of americans are asking because they realize that. Melissa but youre there. You know the answer. Whats the answer . Well we dont, we dont know what he thinks that he gains by doing this because people are tired of the trillion dollar plus deficits every year. They want to see this nation on a spending plan. They want the out of control spending to stop. So if you would think the president as the leader, the commanderinchief, would see it as item number one, to lay out that statement of priorities, and to get that budget done. Melissa is there an advantage if you dont go first, that you get to throw toe meat toes whoever goes first and say their plan is bad for america . Im trying to figure out what the advantage is . Is it like showing your hand last . I dont know what they think the advantage is. What we think is the imperative, as, that we have a budget that is going to come into balance and be able to do that with within a 10year period of time. The last budget the president brought forward it didnt come into balance for another 40 years. People are saying, look, weve got to do better than this. You cant keep running up the debt. You cant keep running the numbers off the credit card. Sooner or later youve got to say the out of control spending stops. Lets live within our means. That is what, that is what the American People are wanting to see. And well get to work on it. With or without the white house weighing in. Melissa is there a chance to get control of the situation to turn it around . For people that arent in washington they watch from the sidelines and they see the deficit blow out of control and they see the cbo report which is, really lays out where the country is headed ife continue to spd in this direction and frankly we blame everybody in washington because we say someone needs to stand up and take control and get this thing back on track. Foreget the fact we voted for you all so were as much to blame as anyone else. Seriously americans sit at home and get frustrated. So youre getting the blame too. Is there any way to take control of the situation and turn it around . Thats what we will do, again. House republicans will bring forward a budget. We will pass that budget. We will send it to the senate and well do what weve done in the past, melissa, which is no gimmicks. Were telling you the truth. This is what the situation is. This is what we think needs to be done in order to address it. And, to restore a spending plan, a predictable, respectful spending plan. Seniors are depending on it for benefits that they have prepaid. And that they have earn and rightfully deserve. You have g Small Businesses and families that want to make certain that their taxes dont go up. Melissa right. They want some certainty and predictability. Small businesses, Manufacturing Companies are saying we want some certainty from regulations. And, this already requires that you have that budget that, spending plan, that blueprint. Melissa without question. Someone to guide us. Melissa it is mindboggling to all of us. Yes indeed. Thank you. Melissa coming up on money, neither rain nor snow nor sleet will stop the postman but saturdays, the post office is dumping saturday delivery to save money. May not be enough to stay financially float. Congressman darrell issa joins us with reaction. With friend like eye get who needs enemies . Iran and egypt cozy up so why are we still egypts sugar daddy . We have details on a huge power play by iran. Do you have ever have too much snail mail . Melissa so saturday might soon be a sad day for the United StatesPostal Service. The usps announcing a new plan to cut home mail delivery to just five days a week that could start as soon a