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That's like a magic act. we owe japan $1.4 trillion, same number. we owe them both $1.4 trillion for whatever reason. same number. the balance, the deficits, the numbers are crazy. if you look at the deficit we have with japan, the deficit we have with china, the deficit with almost everybody, honestly, they are big abusers and by the way, i love them. they buy my apartments. it's true. i own a big chunk, the biggest chunk i own as you maybe know the bank of america. a lot of people didn't know. actually, most people didn't. i own the bank of america building in san francisco, big, big, big ch...

>> other stuff. so this is a big, big chunk of it. >> one of the themes in the president's speech was natural gas and how important natural gas has become to the american economy. are you bothered by the fact that the white house seems, a, so gung ho about natural gas, that they view it as a bridge fuel, when many climate activists point out, there's still a lot you've got to leave in the ground, and we don't start to make progress until we start leaving stuff in the ground. >> i think natural gas is an important fuel source, it's a domestic fuel source. i think we have to be very careful abou...

investigation. we begin with the gabby giffords announcement. giffords released a video statement online just hours ago saying she has to focus on her recovery. >> i don't remember much from that horrible day, but i will never forget the trust you placed in me to be your voice. thank you for your prayers and for giving me time to recover. i have more work to do on my recovery. so to do what is best for arizona, i will step down this week. i'm getting better. >> let's bring in athena jones in washington. so, athena, what kind of reaction is pouring in? >> well, we're getting a lot o...

Thursday starting right about now. >> welcome aboard, folks. live from studio e on this thursday, peter johnson jr. in for the vacationing brian kilmeade. >> good to be here. >> great to see you. we'll talk a little politics today because the gang of six of those three democrats and three republican senators who have been meeting vigilantly for the last couple of weeks to try to come up with the plan to get rid of or at least take a piece on the of our national debt. >> big chunk. >> they now have said they are going to have a plan. they're going to work overtime to may 2nd where they're going...

The president will also talk about strengthening medicare, medicaid, along with social security. these three entitlements make up a big part of the budget but cutting them koult have to do with a big part of it. >> if you look over the next 11, 12 years, $40 trillion. it makes up a big part of the budget. they say 40% of the budget comes from entitlements like social security, medicare, medicaid. look at this. 24%. that comes straight from medicare. 12.8% from medicare, 7.28% from medicaid, 20.4% from social security. pardon me. that's a big, big chunk of the budget. these are places where cha...