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Katrina struck new orleans. the bush administration asked for and received an immediate $105 billion for the rebuilding of new orleans, and they got even more than that. but back then, the decifit was 1/5 of what it is now, $300 billion, compared to $1.6 trillion. you can see there is no cushion to deal with this kind of emergency in 2011. alisyn: it sounds like it makes private donations to the red cross all the more important. >> yes. alisyn: stu varney, thank you very much. rick: more on the disaster in missouri coming up a bit later. when we come back, show us the budget. republicans are n...

He said this at an event at the dnc in austin, texas. true or false? >> false. you look at the numbers, it's really about 35%. doubling has been the white house goal, but definitely not close. he earned a false on our truth-o-meter. >> is that a case where he may have misspoke? >> yeah, i think so. >> got carried away? >> yeah, the white house didn't dispute it when we pointed out the difference to them. you know, these guys say these talking points over and over again. >> all right. let's move on to newt gingrich. this is in his announcement video, so it's prepared text. he said, quote, for f...

Unemployment came down from 5.6% to under 4%. for four years we balanced the budget and paid off $405 billion in debt. >> chris: gingrich will give his first interview as a candidate on sean hannity's program at 9:00 p.m. eastern tonight on fox. former army lieutenant general ricardo sanchez says he is running for the senate in texas. if the first democrat to declare for the seat currently held by republican kay bailey hutchison who is not seeking re-election next year. sasanchez retire stafford abu ghraib scandal in iraq but was exonerated of any wrongdoing. floodwaters from the mighty mi...

To under 4%. and for four years we balanced the budget and paid off $405 billion in debt. we've done it before. we can do it again. >> newt gingrich announced his candidacy via facebook and twitter this afternoon. joining me now ari thanks for joining me tonight. >> thank you. >> it seems to me his running mate should be bill clinton. the thing he's claiming credit for there. it was a kind of clinton-gingrich combination at that point in our government. >> right. and he would have been backseat in that car. it was clinton who ultimately got more credit for a lot of those economic benefit from ...

And for four years we balanced the budget and paid off $405 billion in debt. we've done it before. we can do it again. >> now, president clinton could cut that same video. does newt gingrich deserve equal success? that would be something, as a clinton guy, you would say, those were the achievements of our administration. can he claim them as well? >> that's not an offensive thing that he does. i disagree with it but he's trying to point to the fact that he did something as speaker of the house. i think it's a fair point for him to make. i don't agree with it. i don't think any historian, anybo...