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Well in your district. so what is your position on it? >> from the very beginning, i've been against any changing of the medicare. i don't want anything cut there, and i didn't cut enough in the spending side. what we have to do is put men and women back to work. if we had everybody working. we could solve the social security problem, and we could solve the budget problem. put people back to work. get us out of the free trade agreements and wto and get balanced trade. if we had balanced trade, people would be working, manufacturers would be hiring people and buying plants, inventory and equipm...

That alone won't solve the problem. >> the social security problem would alone be solved essentially by bringing up the payroll tax cut. you can say it's a bad idea. it's not like i'm making up the numbers here, this is basically what it says, you can do other things and do it by means testing. i would like social security reform and fine to means test it. i'm not saying payroll tax is what you want to do. shortfall is 0.7% of gdp not unmanageable and thereç are wa to handle it. we don't need to blow this out of proportion. >> kelly, wrap it up on the hill. what's john boehner expecting toda...

Tracy byrnes, the president says we need modest adjustments to shore up social security. you say? >> ♪ tax hikes are coming ♪ and big ones this is what the dems do when there is a problem, raise taxes. the problem is when they collect the tax money, nobody knows what they do with it. we know social security is the biggest ponzi scheme ever. they rob from it. the right thing to do is pay it back. but they won't do that. they i'll collect taxes and say they are using it to fund social security. who knows where it will go? they came out and said they won't increase retirement age because they...

One of things they were asking about is raising the retirement age and social security benefits age to 63. what would be wrong with that? >> first of all, i love ruth, but her column is a very simplistic and very, very shallow analysis of that whole conversation that we had. it was an in our and a half long. >> we both love ruth, but her point is that you are not looking at the deficit side and you want to put the burden on the rich. >> in short term, we don't have a deficit problem. it's the long-term that we have to look at. and the social security problem is not contributing in naj maker wa...

Liability to fantastic asset for the nation. >> david: hope one of the sound insurers wasn't aig, by the way. >> no. they are all getting the benefits. >> david: rich, like other places in small localities like chile and so forth but ever tried in a big economy, nothing is big as the u.s., but something more like the u.s.? no reason it couldn't scale. e-mac is right. you have to force people to save and save them in a safe investment. they will choose to do that because pay-out are higher than the 12 grand a year on average. the other issue, earlier in week, the president gave a very dull, uni...