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When the company gets below 15%, it becomes attractive for u.s. manufacturers to bring some of that production back to the u.s. which is great news for america and great news for american workers. >> when you look at chinese's inability to keep prices low as the catalyst, meantime, the american government is very good at maintaining tax codes that benefit offshoring, very good at maintaining things like the rig currency relationship. how is it that the chinese government is actually, in some ways, more effective at helping bring jobs back to america than our own? >> well, it's a good question ...

outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we'll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair ...

outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching me, all of us are hurtling full bore into a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. if we hit this cliff, fellow lemmings, we'll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair paul ryan, hous...

outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we'll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair ...

number two, the cost of the wars in iraq and afghanistan. $1.3 trillion at this moment. a distant third, the president's stimulus plan, $831 billion. never thought $831 billion would look cheap. well, here's another powerful number. right now this country is paying $224 billion a year in interest on our debt and that number is mushrooming. it becomes an exponential problem. by 2020 we will be paying $544 billion in interest alone. if you want to see something really scary, let's compare that $544 billion to medicare. by 2020 in the year we're paying $544 billion in interest, medicare...