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upwards. technology is taking a lot of the jobs, which is a double-edged sword, but look at it if you are an investor, i want to invest in technology, and technology changes rapidly. with smart phone technology and the apps that are happening, you want to make sure you have a piece of that in your portfolio. >> gold has been a investment lately, and is it still a smart? >> yeah, i think so. we could remember when it was below $1,000, and it's going up because it's a safe investment. people are panicking and don't know what to do but want to put their money in safe investments. but th...

Normally seen. but much of this city of millions of people is have much in the dark. upper floors of build versus been shut down. they are trying to conserve as much power as possible as they begin the process of rolling blackouts. the plants you mentioned in the northeast, the nuclear power supplies 30% to 35% of all energy for this country. so blackout.are coming and expected to last through the end of next month. in the meantime they are asking people to conserve and so far they have been able to conserve in a big way. we'll be heading up the coast after our shift is over here. one of the b...

Ceiling is $3.7 trillion. deficit $1.1 trillion. many economists saying that is far too high. also rather embarrassing that the president's own debt commission says he is not doing nearly enough to solve the financial crisis in america. tonight talking points hits a very simple strategy. the u.s. government must go back to 2008 and spend the same amount of money that it did before the recession hit. the budget in 2008 of the $2.9 trillion. $2.9 trillion. almost a trillion dollars less than the 2012 proposal. the deficit in '08 was $458 billion, 60% lower than the projected deficit in '12. let'...

>> bill: 2008 levels. >> 2008 levels. that was their spending target and budgetary target because it is a prebailout level. a prestimulus level and also the preinflated budgetary baseline level. remember, the last two, two plus years this administration and the democratic congress so inflated federal spending by 25%, bill, that what the democrats and the president have been talking about is locking those levels in. okay, well, free spending but the spending levels are so inflated. fact, a lot of bureaucracies the last two years, bill, have seen increases of 30, 40 and even in some cases 100%. ...

Billion a day. on our debt. because of finance charge. you have to cut more than $4 billion a day to keep pace. >>guest: we have a continuing resolution that is coming and we are gone to have a lot of eyes on that, because that will be a clear opportunity to see what we have put together and how serious we are to cut spending. that continuing resolution we will show to the american people. >>neil: you are saying as far as the immediate impact now because we are five months into the budget, you can only do so much. >>guest: we make informed decisions we did not rush in and start cutting willy-n...