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A 401k. a san diego city council member is behind this overhaul. now we did reach out to the democratic candidate, he was not available. carl, welcome to the program. good to see you. >> thanks for having me. >> pension reform is topic number one in state and municipal governments nationwide. what you're doing is trying to change the pension plans for san diego city workers for new hires to put them on 401ks. i put it to you, karl, that will not do anything to fix the problem with existing retirees who have the old-fashioned pension plan. >> that's right and that's why our measure impacts exis...

Investments to come from? >> great question. >> overseas, you know, small cap, large cap. >> often times you look at that -- you're eyes are blurred. >> two decisions, how much can i contribute? as you say, always go up to the max and a lot of people can't. they want to do a minimum of up to the company match. if you can max it out, just to let you know, it went up from 16.5% to 17%. so great if you can do the max there, but the way to decide how much, which fund, first of all, i say get some help. perhaps if you call your hr there is a representative that you could call that could walk you th...

High. it's very high. and the people in private companies that opt for 401ks and stocks and bonds necessity do tonight large numbers. i think it would be a very large number. i'm not sure newt is right on the exact number, but it's very large. bill: he said it would increase the size of the u.s. economy by as much as $20 trillion. >> again i'm not going on the size of the number. newt has a great staff. they are really competent economists. so i don't want to second guess them. but it would add a lot because people would be putting it into capital forenation this country. and that will increas...

retired from coaching in 1999 and founded a charitable organization for at-risk children called second mile. he's accused of making sexual advances on eight young men he met through that program. the charges are piled up against him. sandusky is currently out on a $100,000 bail. on $100,000 bail. his attorney says he maintains his innocence. also involved in this case, penn state's athletic director timothy curly and the university's senior vice president for finance and business, gary shultz. now, pennsylvania's attorney general, linda kelly, made this statement. she said, this is a...

>> i'm actually a little i disappointed it's only 48%. >> i mean, is that possible? almost impossible if the election were held tomorrow fori the president to win. if 48% of americans say i would just be scared and distraught if this man were reelected, that's half the country. >> sure, but what about the ree other half of the country? i mean, look what this guy has done. >> they're not distraught, but there are varying levels of we v love him, he's okay, so-so. >> bill, i mean, everyone's 401ks are in the dirt. housing prices are collapsing, the unemployment rate is througu the roof, we have ...