rather than sell the properties at a really low price, go a renter in there who will pay a thousand dollars a month or whatever the rent might be so you re getting some income in for the properties. consider this, the federal reserve bank owns about a trillion dollars of bad mortgages right now, those are real properties that they own. a lot of people don t understand that you and i and the people watching the show, we actually own these properties. jenna: i didn t know i was a homeowner. we are homeowners, we just don t actually occupy the home. jon: we don t get any benefits. jenna: we won t get the rent, that is for sure. steve, it s an interesting idea. we ll continue to watch it. if there is any way this could help stabilize housing prices, some say that would be the key to stabilizing the economy and allowing it to grow. it might help bring rents down and that will make the housing problem a little more affordable for people. jenna: as a renter i can tell you it can t come so
$4 trillion worth of cuts. like it or no. you cannot let your borrowing requirement get out of hand. and your ratio to gdp to debt is just getting ridiculous. as many of the european countries are. i feel absolutely passionate about this, for the simple reason that i believe excessive debt could lead to the demise of democracy. i think it s that bad. jenna: we d like to talk to you more about that. we re going to have to save that for another time but that sounds like a topic a lot of our viewers would like to talk to you about as well, david, thank you very much, look forward to having you back on again. it looks like we might have news about who might step forward. jon: our chairman of the joint chiefs agrees with him, says our debt is a huge national security issue. in the meantime congress has appointed a committee to try to tackle that debt. we now know nine members of that committee. we ll have the name of those nine for you, straight ahead. is your representative or senator on t
financial houses in order when you look at places like italy, for example. how much of a role does that play? jenna, hank paulsen has a tremendous track record at goldman and the government but i have to take issue. purely and simply, it wouldn t have have happened if we had leadership in europe and we don t have it. we run around like headless chickens, trying to finger up or thumb up the dam and until they focus with a united approach with what has to happen with europe and that each country is responsible for its own decifit and for getting his own austerity measures put in, not being forced to do it, but they have to do it, and until europe says we are completely united on this and we will police and that we will stand four square behind each other, this is the same problem that you have in the united states. you have to agree, something, apart from no interest rate cuts for two years. you re going to have to come back to the table with
tomorrow night is going to be extremely important as people watch it and try to decide who they are really going for. and each candidate is trying to make a unique appeal. michelle bachmann, her energy and tim pawlenty s experience and all these things. people will be watching very closely because they haven t made up their minds. jon: some of those candidates could fall by the wayside as a result of what happens on thursday, we ll see. byron york has a front row seat. you can see all the action yourself. byron is in the washington examiner. thanks for being with us. the debate live, ames, iowa. it will be streaming live for you also on foxnews.com. byron will join in a discussion right now. jenna: the three sibling fugitives are finally captured
it will be hard for them to do so. whatever the democrats did on intensity. if you re against something you re always more intense, the republicans were able to more than offset it in four of these six races. as i say, local conditions in one look, if the republican candidate in the 18th had not been accused of having had an affair with a young staffer outside his marriage, my suspicion is that he would have won comfortably and not lost by 749 votes. so if i were a democrat i d like at this and say, we ve depended upon the unions and young vote, and they turned out, and why is it that the republicans were able to virtually offset that, and take seats that barack obama held four years ago. jenna: gulf coast forward to having you on again carl. jon: fiery riots are spreading in england. the britt i be prime minister