latest upset and from your open experiences with santorum are interesting here. we d love to bring you back on this. unfortunately with the breaking news situation, we have to go now. to recap, the latest breaking news is eric cantor will step down as house majority leader. we re going to keep you posted on that, as the hour unfolds. and we re going to be talking to chris van holland involved in the fight on immigration reform of what that means for that very important unfolding battle. don t go away. we asked people a question, how much money do you think you ll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i m going to have to rethink this thing. it s hard to imagine how much we ll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement.
more voters in that district are going to be open to a conversation with the democratic candidate. we ll have to see how that plays out. it certainly is focusing national attention on this. we ll see if part of the reaction is frustration with what you re describing. congressman chris van holland, thank you for being with us. it s good to be with you. in the sergeant bergdahl transfer, is that just the tip of the iceberg in the post-war messes. the defense secretary is going on the defensive. that s ahead. ups is a global company, but most of our employees live in the same communities that we serve. people here know that our operations have an impact locally. we re using more natural gas vehicles than ever before. the trucks are reliable, that s good for business. but they also reduce emissions, and that s good for everyone. it makes me feel very good about the future of our company.
serious challenges. more from the series, fighting chance american steel. later, reince priebus takes aim at obamacare. congressman chris van holland weighs in. next i will take your questions, ask ed live ahead. [ girl ] my mom, she makes underwater fans that are powered by the moon.
million jobs in 2024 and as a result that lower work force participation rate, less labor supply lowers economic growth. yes, that s right, mr. chairman. so when you boost demand for labor in this kind of economy, you actually reduce the unemployment rate because those people who were looking for work can find more work, right? yes, that s right. both things are right. huh. joining me, congressman chris van holland. you saw him there. congressman, great to see you as always. i m so excited you came on because i know you know so much about this. so obviously great to see you and welcome back. thank you. it s great to be back. great to talk about stuff like this. so, all right. you obviously heard, you know, paul ryan there asking the cbo director about lowering economic growth. he said it would lower economic growth. in that report the cbo says the amount of work done would drop 2%. that s not saying the same thing as economic output would drop
massive jobs killer? today, the man that said obamacare could cut the labor fost by 2.5 million jobs. the director of the congressional budget office actually seemed to hit a home run for the republicans and the democrats. just to understand this. it s not that employers are laying people off, it s that people aren t working in the workforce, aren t supplying labor to the equivalent of 2.5 million jobs in 2024 and as a result that lower workforce participation rate, less labor supply lowers economic growth. yes, that s right, mr. chairman. so when you boost demand for labor in this kind of economy, you actually reduce the unemployment rate because those people who were looking for work can find more work, right? yes, that s right. both things are right. huh. joining me, congressman chris van holland. he s the top democrat on the budget committee. you saw him there.