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Factor, the fear factor is what gets people out there to get a good job. >> it scared me just listening to him. i love this idea. i think it's great. finally a private college stepping up and saying, let's think about the american family. let's think about the students first. i wish other colleges would cut tuition first and not gouge american families. but i think this only works at the private level because we've got these public universities operating on the taxpayer nickel. i don't think the taxpayer will go for that. >> steve. >> a good experiment or not? >> they have a right to make that...

These investments and there is a wealth of data that shows that some of these investments have been very wasteful. going back to natural gas, there is a lot more the government can do. great example, we should be building out infrastructure with some of our green money to be ship to go places like china where demand is skyrocketing. >> a big battle over that right now. the question is, which side the president will come down on. but steve, the fact is that so often behar lip service given to things like natural gas. but look where they're spending the money and it's on these battery issues tha...

They have over $400 million in loan guarantees for the federal government. turns out, according to the "new york times," they don't deliver what they promise. >> yeah. i'm going to stay away electric that issue right now for a little bit. what i am gog say is, yes, we are seeing a lot of waste and i do think there is a lot of room to streamline that waste. but i don't think we should be cutting off all green spending. going back to president obama and what he pitched this week in his state of the union speech, he's talk being a $2 billion clean energy transportation fund. yes, he talks about e...

Off the debt, so maybe they'll say, i won't work for a $20,000 a year for a couple years and let the college pay off my debt. >> for this little private institution, it's a hail mary pass. steve put his finger on the issue. on-line technology will blow away 25 to 50% of colleges over the next ten or 20 years. so why not let them try? it's a private institution. it's a donor -- if the donor base doesn't like it, they'll let them know soon enough. draw the line. don't try it at a public university, but small liberal arts college, private college, why not? >> morgan, what about that? if it's kept...

Colleges just to step forward themselves? i understand the cause, government's role, et cetera. but just they've got all this new cash, apply it to tuition to keeping tuitions down. >> let's not be naive. let's understand prestigious universities for what they are, giant profit making businesses whose general partners happen to be tenured professors, state supported institutions like the university of virginia. businesses, if they're smart businesses, charge whatever the traffic will bear. >> steve, you got five girls. all went to college. wouldn't you have liked to have seen those tuition rat...