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>> look, we have to cut down on our spending and we have to move ourselves to a balanced budget. we have put ourselves if a whole and we cannot do it overnight so who do you hurt overnight and what do you to? you try to reduce the pain. i don't how we can fight two wars, not pay for em, i don't know how we can have an expansion of medicaid or medicare part d and not par for it, we need to get together and balance our budget. but overnight to pull out many of the programs will be very difficult. we have to work on it. >> i hate to interrupt. you could take every red cent over $3 50,000 that any...

After the last bite. that's what we have going on here. it's going to depend on that contract term. i think they should be fight being this not in new york, in california where that contractor, the divorce was drafted. not here. >> that that's right. megyn: the new york law has to be better for her. she is not a dummy. she would have filed in california if she thought the law helped her. what jury is going to give her one red cent? >> she is not a sympathetic character. she is not married to a producer of "wall street." then there would be an argument. the producers have no obligation to her a...

Well, we understand. so 20 billion goes into the pot, not to be administered by the company, not to be overseen by the government, but actually a third party that will sift through the claims and figure out who gets what in the end. also, the president made it clear yesterday that 20 billion is not a cap. so we'll see how that moves. now, keep in mind, exxon valdez, 1989, the courts agreed to force exxon to pay $2.5 billion to those affected in alaska's valdez spill. after a series of court battles that took years, that $2.5 billion payout was reduced to $500 million. a significant markdown. i...

Let me finish with a joke and a tragedy. robert kleinbeck told a woman at the straurt, speaking to a waiter, i'll have my coffee now, my coffee. when precisely did the comedian ask, did it become my coffee? when she thought of it, when she ordered it, when she was ready for it. when did the oil become our oil. when did it cisse to be the property of the company that was drilling or the coast guard or the american people who don't own a red cent of it becoming cleanup. when did it become our oil. when we have the rare teaching moment when you see precisely how private money making can cost our ...

Let me finish tonight with a joke, and a tragedy. comedian robert cline once told a woman at the restaurant speaking to a waiter, i'll have my coffee now. my coffee. when precisely the comedian asked it became my coffee, when she thought of it, ordered it, when ready for it? when did this oil become our oil? when did it cease to be the property of the oil company that it was drilling and become the responsibility of the coast guard or the american people who don't own a red cent of it to handle the cleanup? when did it become our oil ruining our national habitat. good question. while we have t...