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number of ships we have. in each of those categories, we are now roughly at 50% of where we were 20 years ago. our navy today is the same size as our navy in 1916. so our military would not be what you would call vast by standards of 20 years ago. we are halfway. that being understood, i would happen no problems with that budget were we not dealing with an economic reality which is most austere and stern. it requires all of us to take a very solid look at our spending and deal with the fact that we are vastly over spending the revenues we can generate from within our own country. giv...

Will directly lead to kids becoming criminals later on. we know there's that direct proportional relationship. so we've got to make sure the cuts are the right cuts as well. >> all right. congresswoman deb beef wasserman shultz, thank you for your time. so let's not make those cuts, let's go back and put taxes back on the table. that's what i would suggest. but that would be strong. anyway, newt gingrich holds a press conference about his presidential run. announces absolutely nothing. and then fox news throws him under the bus. we'll tell you why. and rush limbaugh, well, he took me on in his...

>> i would love to know more, but what i know is troubling enough. and one thing that i do know is him having grown up in kenya, his view of the brits, for example, very different than the average american. >> all right, how many times do we have to go through this? he did not grow up in kenya. now, when he said that, i was a little skeptical that he meant it on purpose. richard wolffe said of course he did. it's politics, he's appealing to his base. it turns out richard wolffe was totally right and my skepticism was not warranted. yes, he totally meant to say it. he said kenya and h...

inaugural, i'll have some thoughts on the chain of violence from the kennedy assassination to the events of last week. but first, has tucson changed the debate on "face the nation"? captioning sponsored by cbs "face the nation" with cbs news chief washington correspondent bob schieffer. and now from washington, bob schieffer. >> schieffer: and good morning again. we're going to begin this morning with the wounded congresswoman, gabrielle giffords-- two of her closest friends in the congress, new york senator kristin gillibrand is with me here in the studio, and congresswoman debbie w...

we always do later in the show. the next 30 minutes will be your cram session for this thursday, january 13. we've got a complete roundup of the president's remarkable speech in tucson. if you missed it last night, you're going to want to see it now. plus, more detail on the troubled life and the warning signs of the shooter, jared loughner. let's begin with the speech. speaking at a memorial in tucson last night, president obama urged the country to honor those killed and wounded in the arizona shootings by coming together. arguably the most electrifying moment came when the p...