global influence despite decades of erratic and even terrorist behavior. tonight the united states and its allies are searching for tens of billions of dollars in libyan assets spread around the world. in all i m told tonight by an obama administration official that libya holds more than $70 billion in foreign assets. will freezing those assets influence a dictator who often appears less than stable? let s continue our conversation with david gergen, general wesley clark, and arm wendy sherman. ambassador, let me start with you first. this is one of the wikileaks cables that was leaked out. in this one of the u.s. diplomats says 300 to 500 million dollars just in u.s. bank accounts. i assume that would be easy to find. but is this search for the money, it s important, but is it likely to bring about the desired result? it is a very essential tool. we know that moammar gadhafi wants to hold on to that money, hold on to that control, hold on to that power. today we took unilateral sanc
change their lives. reporter: he left school at 15. now he sells juices. i don t think i have much future, he says. i would like to leave the country. in recent years jordan has enjoyed healthy growth. now low income jordanians are hurting as inflation and unemployment rises, despite subsidie subsidies, gasoline and other basics are expensive here. translator: people are under pressure. on the one hand they adapt frp, but on the other the economic crisis is tough on them. reporter: after trying to reduce subsidies the government restored many of them and raised salaries at a cost of more than 500 million dollars. for a country that imports more than wait consumes. so we started to have inflation. that meant modern difficulties which were mainly reflected on
you re not setting priorities, it doesn t look like you re setting priorities and also, you re just going to take the pain from all of those cuts without any up side. one of the things i want to add in here, when we were talking about the 100 billion dollars, we were talking about nondefense discretionary spending, which is at least about 500 million dollars part of the government. so what paul ryan is cutting, 100 billion dollars, you re talking about 20 to 25% of the current government. now, one of the arguments here, you wait until 2012, and do those budgets, then, you ve got a wider scope out there and talk about defense spending and you can talk about entitlement spending and discretionary spending and then start talking big numbers. thanks, kim. when we come back, david cameron s wakeup call. the british prime minister says multi-culturism has failed in the u.k. and [ male announcer ] this is lara. her morng begins with arthritis pain. that s a coffee and two pills. the afterno
you re not setting priorities, it doesn t look like you re setting priorities and also, you re just going to take the pain from all of those cuts without any up side. one of the things i want to add in here, when we were talking about the 100 billion dollars, we were talking about nondefense discretionary spending, which is at least about 500 million dollars part of the government. so what paul ryan is cutting, 100 billion dollars, you re talking about 20 to 25% of the current government. now, one of the arguments here, you wait until 2012, and do those budgets, then, you ve got a wider scope out there and talk about defense spending and you can talk about entitlement spending and discretionary spending and then start talking big numbers. thanks, kim. when we come back, david cameron s wakeup call. the british prime minister says multi-culturism has failed in the u.k. and fostered muslim extremism. what america can learn from his warning next. yea? we mail documents all over the coun
forward. they could be something that s very positive. when it comes to things like social security, medicare, we re looking at 500 million dollars a year right now. by 2020, we re talking about nearly a trillion dollars and one thing people don t like in this country although we like innovation and they don t like to give up things and don t want to hear the retirement age raised from 65 to 68, but people have to sacrifice something, don t they? absolutely, listen, again, in that spirit of america, you know, i think that we re extremely charitable, we do what we ve got to do. if lately you see in the last three years, everybody cinching up their belt and conserving and doing the right thing, hey, let s look at one response to the attitude i m suggesting right now, a billion more dollars were spent this year during christmas than last year, even though it s rough, we do what we need to do to survive and get through. yeah, we do. sure. we re counting on that. we saw some pos