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Or the young don't get shortchanged. it's going be tough, though. >> i'm concerned, al, forever the president's not willing to take care of the entitlement programs, to really reform those and cut back over the next generation we won't have the money to invest in the future. that is an either/or proposition. if you keep entitlements as they are moving forward, you won't have the money to invest in the future. >> long term, you're absolutely right. i think every indication, including public pronouncements is obama is willing to do that, willing to do at least some of that. willing to do means t...

Otherwise we're going broke. they say don't cut my social security. don't cut my medicare. that is the issue here. >> arthel: brenda, as a business expert, would you if you were going into books and looking at those systems, would you go in there and look at some of the unnecessary expenses, perhaps the administrative costs or make adjustments to make it fit where the public doesn't sort of freak out thinking their benefits will be cut? >> administrative costs, that is on the edge. that is not going to take care of what we need to do. what needs to be done, raising retirement age, or doing mea...

Bill: you deal in money every day, right. >> right. bill: you know with a real estate deduction people sometimes are tempted to buy a home. >> right. bill: do you think that is ever going to change when the market is on the floor the way it is? >> till be means-tested. at some point the baby steps will be means-tested. do you have to give someone a millionaire same sort of tax breaks, legitimate millionaire, not one of these 200, $300,000 millionaires. do you give them same tax break as household making 80,000 or 40,000 dollars a year? ultimately you will see means testing as baby steps toward...

Kind of means testing. you're going to have to look at age. you're going to have to look at lowering the price we pay the drug companies for drugs. look at paying for quality instead of quantity. you're going to have to have some kind of tort reform. and we've got to do something about the whole end of life scenario without talking about death panels. we do these kinds of things, we can bring down the cost of health care. >> senator simpson, tactics and strategy are part of this. to achieve goals, you heard leader mcconnell, he is not ruling out a government shutdown. he wouldn't do that in th...

Kind of means testing. you're going to have to look at age. you're going to have to look at lowering the price we pay the drug companies for drugs. look at paying for quality instead of quantity. you're going to have to have some kind of tort reform. and we've got to do something about the whole end of life scenario without talking about death panels. we do these kinds of things, we can bring down the cost of health care. >> senator simpson, tactics and strategy are part of this. to achieve goals, you heard leader mcconnell, he is not ruling out a government shutdown. he wouldn't do that in th...