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An all-time high, more than $14 trillion, $45300 per person. and in spite of raising the debt limit, and at a g.o.p. retreat house speaker boehner made it clear that any attempt to increase borrow wog have to be tied to major spending cuts saying washington has an illness, the illness spending. american want it scored. >> and costly pension programs for public employees are now in the spotlight. california congressman is proposing a ban on federal bailouts of public pension programs, he joins us live to talk about it. congressman thanks for coming in today. so first of all very a question. pub...

Responsibilities. we're grateful for that right. congressman thank you for your time. we'll look for new mixes seating in the state of the union if that is where it go autos take care. >> shannon: you, too. >> shannon: a new miss america is starting her reign today. >> miss neb! -- nebraska. >>. >> shannon: miss nebraska is just 17, the youngest win winner since the pageant was instituted. she played piano for talent and answered a question about wikileaks. she plans to go to law school. watch out, washington she has aspirations of becoming a politician or a supreme court justice. >> tensions ...

States when they should pay their own bills? where does washington get the money? from the people in the states and it sends it back. >> they say this is paid for. you may see it different but it is money paid for and some already accounted for. >> it's phony money. what i find interesting, i don't know if you saw the piece i did, but the way to deal with to crisis and i don't want to see teachers laid off and neither do you but there is a good way for the states and cities to deal with this, why not go after the oversight pensions rather than laying off workers and in wisconsin they had to la...

Pension programs for the public employees. add it together between we are speaking -- >> sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your mind? >> well, we need to think about reducing the large budget deficits. we need something of a sti...

Pension programs for the public employees. add it together between we are speaking -- >> sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your mind? >> well, we need to think about reducing the large budget deficits. we need something of a sti...