the situation. he would have to get a bailout through congress and congress is highly unlikely to provide this money because, gretchen, you are right, you provide money to the retirees in detroit and you're on the hook for retirees all across the country. i don't know how many billions that is but it's a lot. >>brian: this could be good for the president politically. locally they're making tough decisions. he could say what do you want me to do. get mad at your local politician, don't get mad at the president of the united states. >> if he doesn't bail them out, does he alienate a big part of his base? he's already in trouble with the unions over obamacare, in trouble with seniors over obamacare and medicare. >>gretchen: what happens to new contracts? >> new contracts will be different. detroit has reached the end of the line. you cannot go on like this. >>steve: i've got a feeling he'll be talking about this over on varney