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In office and i don't think he will have a second, without having created a net single job, we will have job losses, rising unemployment, anemic growth at best. $5 trillion, we passed this mark in terms of debt. he called george bush unpatriotic for $4 trillion in debt in 8 years. what is your reaction to the debt number? >> lthe debt number is alarming. and gives you great concern, of course, because we are, we are moving toward the greek-type numbers. my guess is at the democratic convention, he will not be appearing in front of columns like in denver. he won't want to re-mind people of gree...

In office and i don't think he will have a second, without having created a net single job, we will have job losses, rising unemployment, anemic growth at best. $5 trillion, we passed this mark in terms of debt. he called george bush unpatriotic for $4 trillion in debt in 8 years. what is your reaction to the debt number? >> lthe debt number is alarming. and gives you great concern, of course, because we are, we are moving toward the greek-type numbers. my guess is at the democratic convention, he will not be appearing in front of columns like in denver. he won't want to re-mind people of gree...

Be their retirement-type plan. here in the united states we say it's not that bad yet and keep printing money. megyn: they do not have that a abouthat ability. >> they do not. they are part of the eu. the problem that i see going forward is, we can get out of this by printing money, yes, but the issue is, the value of our dollar, every time we are printing one more dollar is worth less. suddenly our u.s. dollar will be worth nothing if we keep doing it. then it leads to hyperinflation. basically you'll be paying $8 for aloof of bread. the ramifications longer term are drastic. megyn: they talk...

Singer's last sit-down interview before her untimely death. in other news, as i told you at the top of the hour, president obama moments away from a speech outlining his budget plan for america, a push for short-term spending, major long-term deficit reduction, but a familiar fiscal reality. the president forecasted adding another $1 trillion of debt in 2012 and nearly hitting the trillion-dollar debt number in 2013. so, is this plan dead on arrival? gerald bernstein is a contributor to msnbc and nbc and served as chief economist to joe biden. we're seeing president obama come out now. what ...

rupert murdoch under fire in britain and in the united states. two separate u.s. agencies calling for investigations into rupert murdoch. have you heard this story? an 8-year-old boy kidnapped, murdered, then mutilated. now new york place are scouring a stream of surveillance video for answers. more on that. first, i want to begin with this. let's just plunge right into the debt negotiations at this hour. daily talks at the white house resume in one hour, and by all accounts, they are becoming more tense, more heated, more testy, the closer we get to the deadline. you know the da...