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Governor, it was squeezy that python. why is that the fed's responsibility to bail people out of their own bad decision-making? >> it might be good politics to do that, president obama porting the people who supported him, but it very bad economics. in illinois, you ran the tape of the pension python. that python is $233 billion in the state of illinois. those that don't have the money. what they should be doing is addressing the pension problem. they are not doing so. beneath the surface, the desire for help from someone else. megyn: think about how this makes the people of detroit deal. ther...

Pension liabilities, they simply can't pay. so baldwin says there is a fix. it's dramatic and extreme. you got to fix the pensions. look at illinois. they have an unfunded liability of $233 billion for that one state! just in pensions. they got to fix that and they fix the state. >> gretchen: the problem is, a lot of those pensions are written into the constitutions of those states. >> yes. >> gretchen: so it's very difficult to change that. >> that's true. >> gretchen: california, i know that. >> there are ways around it. >> gretchen: all right. >> oh, yes there are. >> gretchen: i feel anoth...

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