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Plus, colin powell fights back against comments from dick cheney in his memoir. and a shocking new report about what new students are taught at one indiana college. it's another outrageous example of indoctrination in our schools. we have all that and a lot more. "the five" starts right now. ♪ ♪ >> eric: the death toll and damage figures from hurricane katrina are skyrocketing. the latest, at least 34 dead and damage totals could hit $10 billion. making irene the fourth most deadly and fifth most destructive hurricane in history and that will put pressure on depleted fema coffers but the i...

>> the way bush has done it in the last eight years is take out a credit card from the bank of china in the name of our children, driving up our national debt. from $5 trillion for the first 42 , number 43 added $4 trillion by his lonesome. so we have $9 trillion of debt to pay back. $30,000 for every man, woman and child. that is irresponsible. >> eric: to add insult up to jury, the cbo expects the unemployment rate to remain above 8.5% through the fourth quarter of 2012. maybe mr. obama should take his open advice and balance that budget. or take his chances next november when we go to the v...

If it means we'll have to add on supplemental, when we will put on a supplemental. tragedy. that's wrong with that? that is what the government is for. >> eric: do you agree with cantor? >> dana: i don't. what he is doing is a step too far. this is an emergency situation. not entitlement reform which we need or tax reform, which we need. in the middle of this emergency, we can't continue to every step along the way nickel and dime the federal spending problem. i do think he is right we have to do something. we'll find a way to pay for it at some point. but when people are in an emergency situa...

>> bob: i understand that, eric. [ laughter ] >> greg: amazing impression, bob. >> bob: pretty good. >> eric: one more thing, under obama he has doubled the price of gasoline. >> bob: not the oil companies. >> eric: stepping up rhetoric against anyone who disagrees with president obama has reach an all-time high or low depending how you look at it. five of us will discuss it next. also, don't forget -- i love this song -- e-mail us. thefive@foxnews.com. >> bob: did you know that eric was an oil trader? ♪ ♪ [ male announcer ] everywhere your pet goes

Uttered by the then candidate barack obama are coming back to haunt the president. plus, the vicious attack against the tea party reach a fever pitch. incivility has left washington, folks. and kentucky public schools stop all pre-game prayers in high school football games. who forced them in to that decision? and why? "the five" starts right now. ♪ ♪ >> eric: another day, another ugly report on the economy and jobs. the nonpartisan congressional budget office today said obama's budget will tack on another $1.3 trillion to the national debt this year alone. wait a minute. i'm having a weir...