about moral hazard. >> right. megyn: put it in perspective. has that been realized? >> absolutely not. except for those 25 million americans i'm speaking of. the private sector has lost millions and millions of jobs. megyn: but what i'm going after is they talked about how if you did this with states, if you bailed them out, no one wants to blame the firefighters. but the states that were irresponsible with their investments and spendings, if you bail them out once, what's to stop them from coming back to the till again and again and again? is. >> not only coming back, but remaining dependent on the federal government. the state of california, for example, we're talking about $80 billion in so-called hope bonds, stimulus money that has moved from the federal government to the state of california. they still cannot balance a budget and refuse to do so. while taking on some of the most absurdly irresponsible initiatives imaginable. megyn: then what's the answer, lou? because, you know, the president probably does tap into something people really feel which is we