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$38,000. that would mean $14,000 or so would have to be put on a credit card that already has a balance of about $164,000. in the past, it's been politically difficult to make far-reaching cuts. the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $164,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say...

Steve brown has an update from dayton, ohio. steve. >> behind me is the last operating delphi factory here in dayton. it used to employ 25,000 in this area now 300. back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like...

It canceled ils employee pension, handing off remain to the federal government. nightmare for delphi retirees. >> my pension went from $2,550 a month geis guaranteed to gettg $385 a month. >> dellny members were folks that the international union wanted help. if they fully restored the pension, the uaw would go along with the bail-out. g.m. agreed. >> when you first hear the union pensions are topped off, you would think yes, even would be treated fairly and equally. that was not the case. >> tom rosen, 20,000 salary delphi retirees got no pension bail-out. many sus sent they know why -- suspe...

This storm. we've been live since 4:00 o'clock in the morning. she joins us with the latest information. hey, maria. >> good morning. the center of sandy now is located about 385 miles to the south southeast of new york city. south-southeast of new york city. some of those wind gusts being reported at over 40 miles an hour. i did see one wind gust across reported about 37, 38 miles per hour. even though it's far away, we're miles an hour. we are feeling the impact of sandy across the new york city area. one thing i do want to point out to you guys, we have an advisory from the national hurrica...

Reviewed 77 of the businesses bain capital acquired while romney was in charge. 22% of them either went bankrupt, reorganized, or shut down. but while those companies were dying, bain investers were living it up, making a dollar. bain made 50% to 80% of its profits in holdings each year. romney profited while, what, american workers took it and lost their jobs. now, it's not illegal. it's what happened. tonight on this program we want to show you some of the other freeports around the country. let's start with american padded paper or ampad. romney was in charge when bain acquired this company...