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Been bailed out twice by both the european union and imf to a total of $303 billion. their debt right now, 153% of the country's gdp. compare that to our own debt ratio which is 100% to gdp. martha: fears we may be headed in the same direction. that is one of the biggest fierce. the situation overseas is not lost on republican presidential mitt romney ching. he said in an interview the same thing could happen here if he is not elected. >> if i not get reelected or elected rather, we would instead in my view become more and more like europe, with higher deficits. with debt that could put us in ...

20 percent . a huge chunk of administrative costs and sort of in everyone's interest to make the pile large yer larger and meaning more people will sign up and buy tickets. >> do you regulate it and say it is legal. no. you don't. >> are they good or bad for the individuals and the economy. and we'll scratch the hype. and at the risk of sounding like fred mertwherein i love lucy. >> 176 million odds of sharing odd and joining the one percent. states are using to close the budget deficit over 103 billion. and this 20 percent go to wipe out the deficits and not education. it goes to infrastructu...

Prosperity, a blueprint for american renewal. ryan could cut $5 trillion, relative to the president's budget proposal and $3 trillion reduced from the deficit over ten years. all while forking over $554 billion. that is the number of dollars he would allocate to defense spending in 2013, nearly $30 billion more than president obama's budget proposes, and over the next decade, he would spend on defense, $203 billion, more than the pentagon has asked for. ryan would like our country to be a place where 25% would be the corporate tax rate. down from the current 35%. and 2 is the number of tax bra...

the story is a bit different and the president fares a bit better. he now has a six-point edge over mitt romney, topping the 50% mark for the time in that survey. in an interview with nbc he talked about his accomplish ams in the face of republican opposition. >> even with a bunch of obstruction over -- on capitol hill, we've been able to save an auto industry. we've been able to take 750,000 jobs being lost a month and move it so it's 250,000 jobs being created this month. we've been able to make sure that we ended the war in iraq on schedule. we've been able to make sure that we ...

The same time we know there's perceived and real taxpayer abuse and corruption in the entire country. >> you know, i grew up in new york, and i always love coming back here. new yorkers know there's no free lunch. i love california. i spent my whole life out there, but we believe we have a constitutional right to a free lunch so we've got to get it in our head that there's some connection between the money you pay and the services you get. yes, there's waste and abuse and that's 5% of the budget. basically you can only have services to reflect the amount of money that's coming in. two years ag...