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One's peers, to one parents here is my choice. i think i would like to sell. i think i would like to be a travel agent. because. >> bill: so they feel compelled to follow in the footsteps. >> i think they do. i treat these people so, yes, very often they feel that if their life is to have meaning and if they are to be seen as successful by their very successful parents, that they have to do something even bigger or at least on par with that. >> bill: that pressure drives them crazy. >> i think that's just one pressure. there are others too, though. listen, there is a reason why people seek the...

The recent budget and so forth, he says we have got to. >> bill: we got to. but he never says how. he appointed panel. are you on that panel by the way? >> am i on the panel? could be. >> bill: he is saying is he going to take responsibility. putting it off to the next president. 2018, 2020. >> bill: when he is 85 he will take responsibility. i know mary katharine you are straining at the bit to get into here. >> as far as socialist goes. i prefer the term creepy status. isstate us kind of guy. i don't use the term socialist. i think it turns people off and if you start using that word they do...

Most of the time. sometimes you can get there in devious ways. got to be kind of skilled. i think that they are people to ho can bring information to the americans the information they need. they don't even try. they don't try to cut through the b.s. you know, they all got their biases. they all got their agendas. they all got their manhattan, washington axis things going on. they don't seem to care about the folks. >> it isn't just those three people you mentioned. it's the people whose names the folks at home don't know who run the news division. >> bill: that's what i mean. they don't do it...

Were the college-cut people, very close-knit family and the kid is -- what are the pressures unique to these rich and famous families? >> well, look, first we know major depression does not discriminate. that can strike anyone. these families do have different problems. they are not the same ones that the average american family faces. first of all, these kids tend to measure themselves against the success, which is outsized of their parents. bill will explain. >> bill: explain that little kit famous dad or mom and the kid inside is most most of these families can provide more things for the c...

Think these guys have a clue in washington. number one, i don't think they care. the democrats. i think they just want to spend. i don't think they have a clue the danger. almost like being on the titanic. i hate to use that cliched analogy but we are heading into an iceberg and everybody is going it's not -- this boat can go right through it. are you worried about in this stuff. >> sure. i have children. i have grandchildren. of course i'm worried about it i think that the public in this country, bill, right now is more worried about the deficit and the growth in the national debt than any ti...