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Graduates are saying just that. toby you say they need to go back and take a history course, what do you mean? >> not only a history course, but look at the dow jones, we've continually in the united states come through these cycles and part of learning in college is about the cycle that started in the 20's and the 30's and to world war ii and 9/11. and we have come back and we've been stronger because we as a people and the american dream have always been alive and that dream is really more than opportunity, hard work, and the ability to take a risk. and be rewarded for a risk. we have not ta...

Freeze and we have seen them contribute more to pensions to retirement plans. have they done enough already? >> well, they have done enough, but they're going to have to do more. but gary b is wrong. white collar federal workers don't do as well as their counterparts in the private sector, blue collar workers do, and we're talking over a trillion dollars here, we're talking in national crisis, something that can bring the country down, the world economy down, everybody is going to have to do more, it's true. they've had a head start, wages were frozen, but the federal workers as well as just a...

For work and job. >> gary-- >> all of this talk, hold on one second. all of this talk about more money is going to fix the problem. how much is more money. another trillion or 2 trillion? >> we should add though that the bush tax cuts added 7.8 million people to the role of those who pay no federal income tax and that's about 13% of those filers who don't pay any net income tax right now. and doubling the child tax credit, also, a 10% tax bracket. so, it's not that-- it was not that long ago that this wasn't such a problem, but again-- >> and the irony, it was 86 taxpayers of ronald meagan tha...

Adam. gas taxes don't pay for our military, period. >> neil: but there are a lot of people, retirees who did pay, did pay to the system and i understand where you're coming from. and gary, back to you on this notion of what do we do now? i'm the not here to offend our retirees or offend our soldiers and had a productive working lifetime and gave to uncle sam. we're looking at a pretty big pot and still pissing the money away and we've got to address that. when we rule out half the tax base, short of just doubling, trippling taxes on the rich, i don't know are you go. >> neil, raising taxes is ...

Has not been playing games himself, multi-tasking again, another great book just out, how to really ruin your financial life, and shockingly, it does not involve congress. and we're also joined by adam lashinsky and charlie gasperino. gary, to you first, the 47% figure, you say for a country it doesn't figure, bottom line, not a good number to have in average. >> an easy way to go about, if you're getting food stamps, if you're getting unemployment benefits, the government's giving you money, that adds to the deficit. if we can get you off of that, whichever way possible and get you into the j...