fiscally conservative, but if you re dealing with a budget deficit, cutting revenue is bad for the deficit. it is not good for the deficit, it is bad for the deficit. it is not addition, it is subtraction. if we had full transparency about this, full understanding of all this, what s being done by the republican governors and legs tours in the states now would not be described in beltway media as fiscal conservatism. it would be described as provely gassy. as madness that could even get canadians excited enough to stand up and throw paper about. in michigan, faced with a $2 billion budget $1.8 billion to give tax breaks. in new jersey, they were faced with a $10.7 billion gauft. chris christie proposed $200 million in corporate tax breaks. in florida, faced with $4.7
expect it to be threatened the way libya and egypt were. but saudi arabia is taking notice of unrest. the $10.7 billion package of proposals yesterday i think is a direct attempt by the saudi leadership to in essence say to its own population, we can provide we the saudi leadership for the needs of this kingdom. we will react and respond to this crisis taking place around saudi arabia in the wider middle east. reporter: and saudi officials are responding to the crisis in another way. on friday the financial times quoted the international energy agency saying saudi arabia began producing more oil to make up any short falls in supply from libya. mary snow in new york. piecing together the final moments for four americans murdered by pirates off the coast of africa. we re looking at what happened aboard their yacht that led to the tragedy. and jeanne moos on the most
will he see a wisconsin take place there? tennessee $2.7 billion debt. $2.7 billion unfunded pensions. and the list goes on with other states. look at michigan. look at that, $11.5 billion unfunded pensions. this is crazy. this is what they admit to. kelly: illinois and who else? one other state, virginia real quickly. governor bob mcdonald talking to us in the last hour stating that he had a $2.3 billion shortfall and look at the unfunded pension there. $10.7 billion. looks pretty bad. kelly: it looks pretty bad. it s inch, much, much worse. kelly: you re saying it s worse? there is so much smoke and mirrors going on with the pension accounting throughout the united states, it would make bernie madoff proud. the pugh research center, i think people know who they are, they had a major study and they went through all 50 states and
concluded that it was. so talk turkey with me. how much money are they collectively possibly responsible for ripping off? the gao found these people owe the government $10.7 billion in these overpayments, as of 2008. and it looks like a lot of them are federal employees. they found at least 1,500 federal employees who are collecting disability even as they were holding down these government jobs. that s crazy. so they re on the federal payroll, they re collecting these checks. you would think a computer or something would alert you that they re working for the tsa or the post office. yeah. one actually worked at social security while she was allegedly defrauding social security. but what the gao said is social security is not checking the federal payroll to make sure these people aren t earning more than the limit they re allowed to work and it s a kut computer, database fix that needs to be done here. that s a crazy story. that video is compelling as
budget and policy priorities, right now, new york is not the worst offender. new jersey has a $10.7 billion budget gap and illinois is $13.5 billion and california holds the number one spot with $19.1 billion. the new york state senate is still in session at this hour with a vote expected on the extender bill by midnight. we re standing by. bret: we ll keep an eye on it. thank you. stocks were mixed today. the dow lost 20 1/5. the s&p gave back nearly two. nasdaq added a third of a point. if you think thinks are bad now in if gulf, wait until you hear the latest problem brought on by the oil spill. as the hunt for terrorists continues, we ll tell you what the u.s. is finding in the mountains of afghanistan. [ male announcer ] everyone deserves to be safe.