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Digital electronic license plates. for an old reason -- they need money out there in california. the state is $19 billion in debt. state senator price joins us live from los angeles. thanks for joining us, sir. first let me ask you the obvious -- your state has an 11-digit debt and you're talking about making money with license plates. could you possibly make enough to put a dent in that debt? >> well, not with the license plates alone. but i think if we start being creative and think outside of the box, the ideas like this have the potential of generating the kind of revenues that can make a ...

Here's the situation we face. over the long term, the real budget problem is that of growing government spending. spending cuts are going to have to be part of the solution and a big part, but there's no way we can close the budget gap that we face without also raising taxes. >> the political system is clearly broken in fixing this problem, but our political system is really a reflection of our own personal preferences as a society. we believe that we are entitled to ever-lasting prosperity with increasingly large government benefits from the cradle to the grave, but we equally feel like we do...

Face. over the long term, the real budget problem is that of growing government spending. spending cuts are going to have to be part of the solution and a big part, but there's no way we can close the budget gap that we face without also raising taxes. >> the political system is clearly broken in fixing this problem, but our political system is really a reflection of our own personal preferences as a society. we believe that we are entitled to ever-lasting prosperity with increasingly large government benefits from the cradle to the grave, but we equally feel like we don't have a responsibilit...

Danger. it did disrupt the flight, and it kept the passengers on the ground here for five to six hours before they were processed by the fbi. jane: alicia, thanks. jon: well, either tax hikes or big cuts to programs like medicare and social security. the federal, the fed chairman warning yesterday there are really only two ways to deal with the staggering national deficit, and americans will either have to pay one way or the other. >> unless we as a nation demonstrate a strong commitment to fiscal responsibility, in the longer run we will have neither financial stability, nor economic growth. ...

Not good for people, it disrupts lives, it alters peoples' state of mind, and tax it for the purposes of trying to solve a budget problem. it won't solve the budget problem and it sends a terrible message. we should not be putting a stamp of approval on something most people recognize is a very destructive and unhealthy thing to do. we are working in california schools today to make them healthier, to get soda drinks out, to get twinkies out and now we're going to come right behind that and say hey kids, go ahead and smoke pot when you grow up and it will help the state. it's preposterous. jan...