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>> since 1971, $2.5 trillion have been spent on the war on drugs. >> when we say no to drugs, it will be concluder that we mean absolutely none. >> some think there won't be room for them in jail. we'll make room. >> if you can't control drug use in a maximum security prison, how could you control drugs in the free society? >> it's a business worth $320 billion worldwide. >> if all you do is try to find a police or military solution to the problem, a lot of people die and it doesn't solve the problem. >> so, sir richard, what do you think? how do we have to deal with this problem? >> well, i'v...

Welcome back to "morning joe." it's time to take a look at the morning papers and we start with the telegraph. greece is seeking an additional $13 billion in financial aid in what could be the country's third bailout. this rescue package would be on top of the $320 billion greece already received and the country paid it clear it's not going to accept new austerity measures with a new bailout. what they're saying to the world community and the eu and germany is, give us more money and we're not going to do anything to prove that we won't -- >> exactly. >> like a loan -- >> they keep doing it. >...

>> shepard: the u.s. and china teamed up for the biggest ever joint crackdown on counterfeit goods. officials say the month long operation seized nearly a quarter million fake electronic products. knockoff of brands like apple, samsung and black bear. black berry. sting netted one arrest. china is finally taking counterfeiting seriously. according to a bipartisan u.s. commission, the counterfeiting cost u.s. businesses $320 billion a year. that's the same amount of u.s. exports to asia every year. the man convicted of going on a shooting spree two years ago in norway brutally murdering 77 peop...

Was referencing when i made the statement that i did about what the republicans are expecting. i appreciate steve, you know, rattling off $320 billion in entitlement cuts, but is that in medicare and medicaid? is it raising the eligibility age? is it means testing? how are those cuts manifested? are they real? and steve, you know very well that in washington when you're talking about obligating a future congress to make cuts, that's not a deal. and that's the same hook that republicans have always gotten hung on in previous negotiations with democrats when rate increases are on the table. so r...

There and that's exactly what i was referencing when i made the statement that i did about what the republicans are expecting. i appreciate steve rattling off $320 billion in entitlement cuts but is that in medicare and medicaid? is it raising the eligibility age? is it means testing? how are those cuts manifested? are they real? steve, you know very well that in washington when you're talking about obligating a future congress to make cuts, that's not a deal. and that's the same hook that republicans have always gotten hung on in previous negotiations with democrats when rates -- rate increas...