the product that was put together here, the proposal that s been put together here called moment of truth i guess is the title they put on it, is not a total solution. it has many items in it which i have great concerns about. but it is a very strong substantive and serious step down the road towards getting our fiscal house in order. if this type of package were passed by the congress and signed by the president, the american people, i think, would take great solace in the fact that we were back being fiscally responsible and there would be an explosion of economic activity which would lead to economic prosperity for us as a nation and americans would say once again america is great and america knows how to address its problems. so that s what this is about,
their bills on time and have gotten more control over their credit card situation. that was a great credit card pay down still happening according to transunion. keep pounding away at this topic, christine, because i think there s a real upside to this. we re out of time. but i want to ask you maybe tomorrow whether or not there s a risk of cutting up your cards and cancelling your accounts. we ll get that tomorrow. smart is the new rich in it you ll find all things to help your bottom line. we ll be right back. [ advisor 1 ] what do you see yourself doing one week, one month, five years after you do retire? client comes in and they have a box. and inside that box is their financial life. people wake up and realize i better start doing something. we open up that box. we organize it. and we make decisions. we really are here to help you.
the only person who care burst credit report sue. next question comes from dan in virginia who writes are what are the pros and cons of a resploerjs. i m over 62 and have a lot of equity in my house. when does the bank have to be paid back the loan in a resploerjs. reverse mortgages can be very expensive. the only cash they have is the equity in their home. up 20% you ll pay on what you borrow in terms of fees and penalties and interests. the better thing to do here for someone like this is to basically pull it out in a home equity loan or home equity line of credit. interest rates are tremendously low. you only need to pull out what you need as opposed to reverse mortgage which will pull out aflt. the key here, you don t want to pay it back. basically you want to live off of it until you pass away or you sell the home. right. that s the whole point of a reverse mortgage. thank you so much for helping
kind of seats they will sit in, let people see the quality of the food but we can do it in a fun way. is there real money to be made here, richard? you do delve into things that are unexpected like galactic. but you re a savvy businessman. you see this as a sustainable business? i hope it will pay the bills. if you create the best and if it s a really fun magazine, if it s one that people are telling their friends about, only costing $2.99 a month, i think word-of-mouth will get out. hopefully we ll get many people who want to subscribe to it. reporter: so clearly, tony, he s betting on it but says i have no idea if we ll make any money. interesting to note, rupert
murdoch is also belt on the ipad. he s launching the daily. an ipad only newspaper. the headlines are it s branson versus murdock. two major businessmen betting on the ipad. what branson did say he doesn t know fit will work. if the bloggers don t like it it will die quickly. check the blogs. very interesting and this is taking publishing in an entirely new direction. follow this for us, poppy. thank you. on this world aid days a new film documents the aids crisis in a major world capital. it is not in asia or africa. it is washington, d.c.. so who wants to learn ab? me, me, me!