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Especially pay $12.50 per hour. but right now we're sitting on $1.5 billion on our rainy day fund and coming off $800 million in surpluses over the last four fiscal years. our ceo projected surpluses in the next four fiscal years. >> still, it could be nice to have such an employer in the washington area to create all of these jobs. just take a look at the bigger picture. if washington, d.c., controls the amount of money that private companies pay their employees, you know, big picture here, might it keep other companies out? >> well, the big picture here is that walmart provides poverty wages...

Occur as a variety of reasons. but when you have low-income folk who is are priced out, the economic supports, right, for example, the city of new york without low-income housing programs for the government, all of the people who work to may the city runs. >> and those programs help create the middle class. there are fixes we need. >> thanks to greg and lisa. matt and maya will stick around. they'll be back later in the program. up next, community outreach gone wrong. it's my letter to senator rand paul. [ male announcer ] when you take shortcuts,

People have been bemoaning the effects, l.a. specifically, how it may affect l.a.x., how widespread are the concerns in los angeles, in the southland? >> well, the concerns are very widespread. i think the truth is, as you all have been reporting, is that we don't know what the impact is. l.a. is looking at a hit of about $is 15 million, which is a hit they could probably manage during normal times, but as you know they've been flirting with fiscal insolvency, so money is rately tight. they're looking at potential kits to homeless programs, housing programs, police hiring, so this really has b...

To try to stop the $85 billion worth of cuts from going into effect. he said the cuts would hurt the economy and cost people their jobs. he called the cuts dumb and arbitrary. and pretty much right after he got done calling them dumb and ash arbitrary, he had to go sign this presidential order ordering them into law. president obama was not saying these cuts are dumb and arbitrary because he does not like them. these cuts are dumb and arbitrary by design. both sides agree they are dumb and arbitrary, the whole point of the sequester is that they would be dumb and arbitrary. the cuts are dumb a...

To try to stop the $85 billion worth of cuts from going into effect. he said the cuts would hurt the economy and cost people their jobs. he called the cuts dumb and arbitrary. and pretty much right after he got done calling them dumb and arbitrary, he had to go sign this presidential order ordering them into law. president obama was not saying these cuts are dumb and arbitrary because he does not like them. these cuts are dumb and arbitrary by design. both sides agree they are dumb and arbitrary, the whole point of the sequester is that they would be dumb and arbitrary. the cuts are dumb and a...