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Need. >> the really striking part of the cbo report was this does nothing for poverty. it raises $31 billion for low wage, 45 million americans in poverty, 900,000 gets helped. this is a puny, puny effort. >> steven diamond, reporter for "new york times." you've written extensively about this. the cbo nonpartisan report is flawed? >> the report was good news bad news for the white house. the white house focused on the number you heard him talk about, the 900,000 people lifted out of poverty. they say, look, if we're helping that many people and overall you're talking about 17 million who would...

Powered. the u.s. coast guard needs six to handle all the increased traffic in the arctic from research vessels to offshore oil drilling rigs. alaska senator mark begich has been a critic of the obama administration over the refusal to fund a single new icebreaker which he says could head off trouble in the future. >> we want to make sure we are there, sometimes having the right equipment is a great deterrence but also with all the new development going on and the unsettled law of the sea, let's make sure we have the right balance up there. >> reporter: the hold up is cost. a new icebreaker ru...

Mayor mike bloomberg bid farewell to new york city politics, but don't expect one of the world's richest men to simply disappear, armed with billions of dollars and a zeal for civic issues. michael bloomberg's next chapter promises to be very interesting. with a last wave, this multibillion air is out of work, for now. >> i'll be fulfilling a lifelong dream of enjoying a small soda on a nonsmoking beach. >> reporter: the net worth of $31 billion, makes him the seventh richest man in the country, and the 13th richest in the world, and it started with a layoff. when solomon brothers let him go i...

>> well, this book is half of the sequester. there's over $31 billion in this book, and i've got another 200 or 300 projects that i could put into a list that could easily give us $100 billion a year. so, the question the taxpayers ought to be asking is why isn't congress fixing that? >> but i don't understand, why isn't the media -- you asked why congress doesn't fix it, i don't know why the media doesn't jump on it. you say $400,000 to determine whether or not the tea party people are dummies in science or not, and the media will say, well, that's just $400,000, that's another, it's $400,000...

>> sfwhor you raised that phrase the new england patriots do all the time, do your job. so in terms of just doing your job, you mentioned duplication of effort of federal programs. give us a couple of examples of duply categories of effort that costs taxpayers enormous sums of money. >> we spend $31 billion a year on job training programs which all but three of those programs duplicate one another, in other words, do the same thing. that's 48 different job training programs. if you just consolidated those and put a metric on it so you have to perform. by the way the studies say they don't aeco...