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Medicare cost by strengthening the independent commission of doctors, nurses, medical expert and consumers. >> last week, president obama sought to bolster ipab authority asking congress to rewrite the law so the trigger for the panel recommendation to kick in would be cost growth of only half a percentage point. >> the ipab is a back stop. it's something that will be used if the other initiatives like quality initiatives and better drug control, cost control don't work. i think this is a way of putting to the test the kind of failsafe to keep the budget in balance, as much as possible. keep t...

Months into the unemployment, that's when you have to go into crisis mode. you don't wait till the very last dollar to do that. >> what can he do now? >> he's going to having to probably downsize, cut expenses to the bone, get any kind of a job, and the problem is had he done this a year ago, he mute have been able to do it with $100,000 in the bank. humans do this, they wait till it's a crisis and then they act. three or six months in, act as if you have that money as a back stop. you can do these things later on. >> find places to cut you didn't realize you could cut before. thanks for helpi...

Bigger issue is what should have happened was three or six months into the unemployment that's when you have to go into crisis mode. you don't wait until the very last dollar to do that. >> what can he do now? anything? >> the problem is he is going to have to down size if he owns a house, cut expenses to the bone, get any kind of a job, and the problem is had he done this a year ago he might be able to do it with a hundred thousand dollars in the bank. now you're doing it, and humans do this. they wait until it's an absolute crisis and then they act. what we try to do is say listen. three or ...

Banks start doing what they do which is work with these people to bring back the tax credit. i think it helps everybody. i'm a foreclosure guy. thank goodness i did because i haven't seen my home price go up in the last 3 1/2 years. megyn: some are pushing for the federal government to offer more in the way of guarantees so banks will feel more comfortable learning because they have a back stop. they removed the risk for them. the feds are saying if she defaults i'll take care of it. >> i would say a good idea to guarantee a certain percent. >> but when we see all around people are foregetting...

Remediation effort at that depth. how do you know any of this might work? >> well, you know, john, what we had was since the beginning, we wanted -- the goals were clear, stop the flow and minimize the impact and keep people informed. what we've been doing is pushing parallel paths because we don't know which one is going to work. on the stop the flow options, we still have several available to us. and that includes this, what we call the junk shot, also the same as top kill. pump the material in and plug up the blowout preventer and we also have an option available to us to put a valve or new...