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By liberal democratic senator ron widen of oregon who believes the current system is doomed to fail. >> a steady diet of benefit reduction for senior citizens and cost shifting. that will take place until the medicare is threatened. >> the idea is the come pettive process would lead to cheaper insurance for seniors at the same level of benefits they enjoy. >> since medicare promised tens of trillions more in benefits that it can pay, senator ryan and widen argue it must be changed in order to survive. bret? >> bret: latest ryan plan, though, is different than it seems. the one that the preside...

Jim ingle is live in washington with more on this. >> reporter: that's right. there is one uncomfortable fact some politicians refuse to acknowledge, every household in america would have to pay an additional $230,000 in taxes to cover the unfunded promises made under medicare. >> look at the fact that ten thousand seniors turn 65 every single day. medicare and the medicare guarantee, it's the ball game for the federal budget. >> reporter: that's why liberal oregon senator ron wydon a former legal aid lawyer that helps seniors with problems is coresponsing a plan with paul ryan to reform medic...

Where are those jobs? how will those people have income? 10% of people on social security rely on it for 100% of their income. and the average social security benefit is $12,000. $10,000 for women. this is such a modest benefit. i think the idea right now of raising the age, which is a benefit reduction, is just ridiculous. at some point maybe we can consider it, when there are jobs for older people and when people are actually all living longer. not just rich, white men. >> congresswoman jan sha ck shai represents -- >> ninth district in chicago and northern suburbs. >> great to have on you t...

because your choice didn't win or you want to checkup the other runners up, go to suzanne malveaux's page,. and it's the big story today. today is the big day for president obama. that long awaited jobs speech on congress. it was planned for last night. you know the republicans were debating last night and had to be moved to tonight, the president's speech. here we are six hours away from the speech. he is expected to propose more investments and tax breaks that will cost $3 billion. the president may call for an infrastructure bank providing for low cost loans to get projects off ...

Getting, what we're the privileges that we benefit from, are being taken away. they have to be, because there has to be spending-- there have to be spending cuts so people are so used to being on the dole, as they call it in london, to having free college and those benefits are taken away. when they're taken away when you've expected them much of your life, you know, it gets very violent, even in a democracy. >> neil: and brenda knows london well, a former arthur rhodes scholar, had to throw that in. >> neil: a woman of the people. and tobin, i'm wondering how it extends to what is going on an...