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Situation and inflation. neil: and i had a chance to talk to sam zelle, i'm a name dropper. buys cheap real estate and makes money on it. even with the impacts of the higher rates, he thinks they should go higher. he's fishing around and doesn't see much going on in this environment. if that's right, real estate, to jason's point, has some hurt yet to come, what do you think? >> yeah, it has some hurt yet to come. the u.s. economy is two-thirds based on consumption. the u.s. consumer derives workout from two sources, home value and 401(k)'s, both are underwater and both have further to go. so ...

Retirement age in and do it over 25 years. one month a year for 25 years. when we're all living longer and living better lives. secondly, we would means test social security. for those making over $200,000 a year in retirement income and have $4 to $5 million in liquid assets saved, they don't need social security check. social security is meant to be to make sure that no one that's worked hard and played by the rules and paid into the system will grow old in poverty. if we don't deal with this, it will bankrupt our country or lead to massive tax increases. neither one do we want in this count...

Assets saved, they don't need social security check. that is meant for no one who has worked hard and played by the rules grows old in poverty. if we don't deal with this it will bankrupt our country or lead to massive. at a increases. neither one do we want in this country. >> governor huckabee you say the changing entitlements the kind of thing governor christie is talking about, would be breaking a promise to the american people. you say you can keep those programs save social security save medicare without those kinds of reforms through a fair tax. a broad tax on consumption. please explai...