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Is little competition and discipline imposed on the industry. fraud is through the roof. social security payments in '08, $612 billion. in '12, $761 billion. this can't go on. the age requirement has to be raised. president said today that he is taking a scalpel rather than a machete to the budget. we can't afford the 2012 budget. let's go back to 2008. simple formula. doable. and it must be done. that is the memo. reaction from lou dobbs in a moment. first our barack and a hard place memo. another brilliant memo. >> i think you are on the right track. >> right track? >> yeah, but i think ther...

Social security payments in 2008, 612 billion. in 2012, 761 billion. this can't go on. the age requirement has to be raised. the president said today that he is taking a scalpel rather than a machete to the budget. i'm not getting that the country is in dire financial trouble. it can't afford the 2012 budget. so, let's go back to 2008. simple formula, doable. and it must be done. and that's the memo. now for the top story tonight, reaction from lou dobbs in a moment. first our barack and hard place duo. dr. monica crowley and alan colmes. another brilliant memo you are down with all of it, rig...

Social security payments in 2008, 612 billion. in 2012, 761 billion. this can't go on. the age requirement has to be raised. the president said today that he is taking a scalpel rather than a machete to the budget. i'm not getting that the country is in dire financial trouble. it can't afford the 2012 budget. so, let's go back to 2008. simple formula, doable. and it must be done. and that's the memo. now for the top story tonight, reaction from lou dobbs in a moment. first our barack and hard place duo. dr. monica crowley and alan colmes. another brilliant memo you are down with all of it, rig...

Social security payments in 2008, 612 billion. in 2012, 761 billion. this can't go on. the age requirement has to be raised. the president said today that he is taking a scalpel rather than a machete to the budget. i'm not getting that the country is in dire financial trouble. it can't afford the 2012 budget. so, let's go back to 2008. simple formula, doable. and it must be done. and that's the memo. now for the top story tonight, reaction from lou dobbs in a moment. first our barack and hard place duo. dr. monica crowley and alan colmes. another brilliant memo you are down with all of it, rig...