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Sick, let the government take care of them, but we've got to give people an incentive to work. here in california we give more to a mother with no husband and three children then we pay starting teachers and even in some parts of the state, to starting computer programmers. that gives people incentive to not work and not find permanent solutions to the housing problem and all their other problems. we are making it way to cushy in some ways. >> i think it's oversimplifying the issues and cycle of poverty dramatically. i don't think any of us at the table are suffering with the realntñ?ñ?]ñ?Ã...

Can, fellas. we've shone you the numbers of where it starteded. there it went. then march 25th, by the end of the year. where are we going to be in november? we're going to be close to that 5 million mark. and if we have 5 million people in this country who are long-term unemployed, you can count on it, we're going to have a housing problem in the country. people will be losing their homes. foreclosures will take place and we'll be back to the old headlines of 2009. there will be a ripple effect. and what is so unfair about all of this is that this crowd, the republicans, will show the crew on...

Whole housing problem. if you want to find two people in the legislature. >> because they, as well as president clinton, president bush, everybody with that sort of mentality in the government, oh, you should own a home. everybody should own a home. that's ridiculous. >> you should have less and less of down payment, that we shouldn't hold it against you. and makes it harder for banks to underwrite loans. that was dodd/frank in a fire president. now dodd/frank is we're going to hold everybody accountable. >> you know, i look forward to not owning a home. what a nightmare. "the money pit," have...

Fiction thinking on part of a poor city that taxpayers will have to foot the bill for the bad policy. democrats rejected this idea in congress. a lot of democrats said no, don't do it. you know why? litigation lawsuits are going to hit this city. also, banks will never lend to anyone in that city again because of the really bad policy. >> john, we were talking before about what america perceived as. self-perceptions are important. the people who aren't paying the bills are rewarded. >> it tells the irresponsible buy a house you can't afford because you'll be subsidized by prudent who don't buy...

-- >> we have to. >> what happens to the mortgages? >> we have made a guarantee. >> i hate to tell threw is no getting out of this. what we can do is exchange the pom sees. the first thing the f.a.a. has to do is stop with the down payment loans. do you know what the down payment of an fha loan is. >> 5%. 10%? >> 3 to 3.5%. all you would have to do to fix the program. why not going back to the idea of a 10%, 15% down payment. if you do that, you will not have the defaults and taxpayers having to bail out the institutions. >> that's the way the obama administration tend to fix the housing probl...