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City. but hopes are fading by the minute for their survival. voters in ireland are expected to punish the government for the country's economic woes in today's parliamentary election. the opposition partied could benefit from public ainge -- party could benefit from public anger over the controversial bailout package. the rescue deal was worth more than $100 billion. the government then actioned an austerity plan that raised taxes, cut spending, and slashed public sector jobs. u.s. aircraft manufacturer boeing has won a $35 billion contract from the u.s. air force to build a new fleet of a...

Economic downturn when voters cast their ballots. public anger over a controversial european union and international monetary fund bailout package could also help the opposition win power. late last year, ireland admitted it needed financial help. it accepted a rescue package worth more than $100 billion from the eu and imf. then its government implemented an austerity plan that raised tax, cut spending, and slashed public sector jobs. and the prime minister paid with his job it seems, andrew. >> yes. interesting. big exit sign there, and that's what most people are expecting the ruling party ...

To upper income theoretically. but when you add it up it raises at best a few -- what, tens of millions of dollars when we're really talking about, as you mentioned, close to a billion dollars for the city and over $700 million worth of debt for the public schools. there's a lot of financial problems he's going to have to deal with. >> clarence page. maybe they should start taxing some of the wisconsin lawmakers camping out in chicago. >> we're happy to have all the tourists we can get right now. >> thank you. new jersey republican governor chris christie unveiled his budget plan yesterday. ...

Courage to do it? >> well, it's going to require an unlikely alliance, that is if the democratic president governing from center left wanted to make a fiscal austerity platform center piece, after a second term, you lose a lot of leverage there, could build an alliance with a caucus of opposition lawmakers you could have something. >> you say awe stausterity. interesting word. great britain is undergoing an austerity plan. what i'm talking about may not be implicated for a decade. if you're in your 40s you may not be getting social security at 65. that's the thing. they can forego short-term p...

Congressional budget office, paying down the debt, increasing living standards, making medicare and medicaid totally haven't. my goal for putting this plan out there was to get other people in congress to come up with their ideas so we can collaborate and figure out who fix this mess. we are going to have a european-style debt crisis if we don't watch ourselves. instead of having this austerity plan where you cut seniors benefits or raise taxes. >> greta: if it is such a good idea why isn't everybody ceasing upon it? has any democrat said you are nice we like you but your idea doesn't work? >>...