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Growth. joining us now is senior editor of the new republic timothy noah, author of the great divergence" a book everybody should read. i wanted to jump off of some numbers in the "new york times" on the editorial page today talking about debt held by the top 1% or top 5 versus it the bottom 95%. in 1983, the top 5% in this country, 80 cents of debt was held for every dollar of income. in 19 3 in it erms of the bottom, 60 cents. those numbers have greatly changed. in 2007, the top 5% held 65 cents of debt for every dollar, in 2007, the bottom 95% held $1.40 for every dollar of income. debt is ...

Well up to 300 unarmed military observers to make sure that the cease-fire is honored. i'm jamie colby back in 30 minutes with more headlines, keep it here on fox. >> pump prices dipping this week, but way up this year and now president obama is cracking down and pushing the 52 million dollar plan to rein in oil speculators and he says they're hooking up gas prices and you say the crackdown will fuel even more pain at the pump. >> yes, let's use history and go back to that 2008 time about march and we were cracking down on the speculators because oil and gasoline prices had gone ballistic. and...

On the american citizens, because government's already spending $1.40 for every $1 of tax revenue it gets and it's shown it doesn't have the ability to discipline itself and it's mortgaging the future of our children and grandchildren, which is immoral. >> in the future what is the amount of timeç you think it wl take to get to a place where you would be comfortable with our national deficit and can you put a ballpark number on it? you said we don't have to get rid of it? >> no. we need to make meaningful progress in 2013, because we could have a debt crisis in the united states within the n...

Cents for nickels. canada is scrapping their penny. end production this month because of similar budget issues. some say united states do the same. the united states treasury wrote a petition for the white house to dump the american penny. in response the obama administration said the u.s. mint is actively researching to find more economical ways to produce our coinage. >> two major ways for a coin to chance. losing weight and having a different or cheaper metallurgical. in 1773 when the u.s. federal coinage really took shape, most other kinds -- including the dime. >> for every dollar of penn...

Incandescent bulbs doesn't make any sense. less energy use and last nine years longer. they didn't like the color, didn't like the price. >> didn't like the price. >> both improved. a lot of options for color tint. the prices come down, and 14 watt bulb, they were $4 apiece and now if you buy them in a pack of 12 about 1.40 ap came down in price and the colors tints are better. >> you're going to assure me i'll save money. >> absolutely. you don't like these, another option, led's, they've been around for a while. now seeing them in home apcations, 85% efficient than incandescent. as far as th...