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Jon: it can sound like a cliche but it's true. our children are america's future but if those kid don't get an education the future looks pretty bleak for them and really all of us. a recent study shows in some areas up to one-third of kids drop out before high school graduation. that is the nationwide overall number. 1.3 million kids who dropped out in 2010 are going to cost our nation more than, more than $337 billion in lost wages over their lifetimes. those dropouts need and really deserve a second chance. so enter the national guard. last night i had the honor of hosting a star-studded fu...

Going to happen to sanctions on iran. the chinese are not doing us a big fiver in doing that, it is not in their interest to have iran with nuclear weapons. the steel industry could provide a lot more jobs in my state and across the country. the trade imbalance is $337 billion. chinese imports to the united states about a fifth of that from the u.s. to china. so i would like to see our system on a level playing field before we talk about more federal subsidies. >> chris: but having said that, senator specter, i'm sure you know that the treasury department announced yesterday they will delay th...

Going to ask somebody who knows something about this, to support some 2 million jobs in doublening the double eni ing the jobs. it means money to support existing trade deals and a push to complete stalled trade deals. that's what the president wants to do. let's talk a little bit about china. because you have to understand china in order to understand why the u.s. is in the trade pickle that it's in. the u.s. exports to china -- we'll pull that up in a minute. but the u.s. exports to china totaled $71.5 billion, right? it sounds like a lot, right? we sold $71.5 billion worth of stuff to china...

Take a listen. >> we have been promising the american people we will repeal and replace this broken law because it is collapsing and failing families. tomorrow we're proceeding. >> reporter: there is bad news from the congressional budget office as well. this was delivered yesterday. this bill has gone through amendments and the last amendment that the cbo saw, they determined that the federal deficit would be cut by $150 billion over the course of ten years. that is much less than the estimate that was before the original bill which was $337 billion. the figure remained the same about 24 mill...

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