advantage of the situation, that is a government that was providing more in benefits than it was taking in in money and did so year after year. decades after decades. that s not what caused neil: i want to finish. that s not what caused collapse. i mean there is a question how far you should go. neil: do you think there s a come to jesus moment here where governments, regardless of their relationship with u.s. brokerage houses, have spent more than they re taking in and are looking at the reaper? listen, i m not prepared to talk about coming to jesus at this point in time. i am able to say that one of the largest programs that we have that people attack is being a broaden entitlement is social security. no one can deny this program removed our older people from poverty and i think that we know that when you re old and you can t work, it costs a lot more
what if it happened here? what if we went after government workers or union workers or workers in general and said time to give back? democratic congressman peter welsh on that. what would happen? what do you think would happen? you know, it s just a totally different situation but actually, it shows the importance of us trying to work every day to get our economy as strong and possible and people back to work. that s why today i m delighted we passed in the house on a bipartisan basis legislation to help homeowners insulate theirs homes indiscreet jobs. you did that without the money to pay for that. no, this has to be paid for. there s total commitment to that. my preference is we do it with unallocated stimulus money but the absolute commitment with the pay as you go legislation. neil: isn t that the problem in greece, all well-intended
foundations of this country and the caliber of the people in this country will preserve what we have and people won t get to that level. through education and the greatness of this nation, i think that we re all smart enough and level-headed enough to rationalize our way through these situations. neil: admiral, besides kicking off what seemed to be a meltdown today for which i ll forgive you, do you look at there you are at the new york stock exchange, and there all of you heroes are there. and for all those guys and us and people like us who report on it obsessed with money and who is doing what, you guys just don t seem at all remotely into that. i don t think that s true, neil. the thing that makes america great is our economy. we have only be a super power
it says something about the cart. we ll talk to him about that of course, who supervised a lot of big market crashes himself. a republican south carolina senator on an agenda right now, jim demint is looking at what s been happening in greece. and senator, you know this bailout has been approved by the greek parliament. the protesters aren t happy but you re not happy because our money is involved through the international lending agencies for whom we play a big part, right? neil, this is another bailout. american taxpayer will pay to bail out greece. part of the jitter on wall street is everyone s expecting for the dominoes to fall. we re borrowing money to send to greece. there are other countries ready to fail. we ve got at the time with can t deal with. yet we keep spending money on new programs, whether it be
deficit, this with the fiscal crisis we re facing, you re trying to blame neil: i m not red or blue, i m green. i look at the green and i see it frittering away. find out. neil: what i raise with you is what i raised with republican counterparts before and both parties over many years, do you thing washington can continue going the way its going without someone realizing the well is running dry? can you put more money in the well by raising taxes or just cutting those benefits or do you think you re going to have to do both and dramatically and soon? well, i don t think that the president ever took taxes off the table. but what we are talking about is increased productivity, investment in education. neil: understood. what we are talking about is increasing trade. neil: investment is spending. what we re talking about is