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Won't that help us? >> well, immigration is a big part of any solution. you look, there are no industrialized countries which have gotten close to the replacement rate without massive immigration. the problem is you wind up needing more and more immigrants, what immigrants don't do they help the fertility rate for complicated mathematical reasons he i won't go into on tv, the rejuvination-- you need immigrants, but people having a reasonable number of babies. >> paul: and obviously having children requires personal sacrifice. so somebody. >> yes. >> one of the parents might have to stay at hom...

Won't that help us? >> well, immigration is a big part of any solution. you look, there are no industrialized countries which have gotten close to the replacement rate without massive immigration. the problem is you wind up needing more and more immigrants, what immigrants don't do they help the fertility rate for complicated mathematical reasons he i won't go into on tv, the rejuvination-- you need immigrants, but people having a reasonable number of babies. >> paul: and obviously having children requires personal sacrifice. so somebody. >> yes. >> one of the parents might have to stay at hom...

One is expecting? america's coming demographic disaster. jonathan, welcome, good to see you again. >> good to see you. >> so we've been told for years, decades that the world had too many people. now you're saying the united states may have too few. explain that. >> yeah, well, hundreds of years, actually. it goes back to thomas malcolm and the danger of overpopulation around the corner and turns out the population has lots of good things, people live longer and with higher standards of living. declines in commodity prices, but what we've seen since 1968 is a marked decline in fertility rates ...

For real action on the nation's debt. one of the ceo's david cody, chairman and ceo of honeywell and on the ceo steering committee to fix the debt and a member of the simpson-bowles committee. thank you very much. i was fascinated what you said on "meet the press" on sunday. wanted to give you a chance to expand on that. what kind of money are you sitting on, that you would invest if you had certainty going forward, what the tax climate would be, spending climate would be and debt would look like in the future? >> here's the way i would look at it instead is, if you go back to june of this yea...

Morning. the headline number is one that has to make them very happy at the white house this morning. >> it has to make them happy, not very happy. 114 new jobs created, a thousand more than anticipated. that's also less than what is called the replacement rate. we need about 140, 150,000 new jobs a month just to stay even. that's how many new people enter the workforce each month, and so i think we're going to see a major response by the president. we won't see him doing black flips on the campaign trail, he will be very measured about this because you can't sort of puff this number up when t...