up a balanced budget amendment which conservatives believe would help the government live within its means. i m for a balanced budget amendment because i think it would be tremendous improvement to the current situation where in the last 50 years they only balanced the budget six times and we had $15 trillion national debt. today, some lawmakers affiliated with the tea party unveiled their plan to seek to cut $9.7 trillion over ten years through deep cuts. slinking the federal government from 24% of gdp to 16%. it would also salvage our ability to fund everything from defense to entitlements if we reform it. we have to start the process of reforming it now and take bold aggressive steps to do that. while all here on capitol hill, wait to see if the super committee reach a deal. the members do not seem overly optimistic. they are already speaking openly about plans for weekend sessions of the panel. bret? here we go again. mike, thank you. the man suspected of firing at the wh
good morning to you. it is thursday, november 17. ali velshi has the day off. i m carol costello along with christine romans. happy one last day until friday. welcome to american morning. up first this morning, new developments in the penn state child sex scandal. jerry sandusky s tv sbrir this week where he said his behavior with young boys was not sexual abuse, just horse play, may have been the last straw for some of his alleged victims. sandusky s words led new people to come forward. sandusky charged with 40 counts of sexual abuse involving eight boys he met through the charity, on 360 last night, anderson cooper spoke to the mother of one alleged victim, victim number one in the indictment. she says it was hard for they are son to watch the sandusky interview. he was very upset about it. he said i watched it after that. he said he cried. i said, why with s he crying? he said because i m afraid he might go free. he is afraid sandusky might go free? yes. the
9.7 trillion unredeemed airline miles out there. it s unbelievable! 90% of airline miles are never redeemed. no, do not pay $300 to redeem them because jupiter has to be aligned with mars to get on the plane. not a chance. karen from idaho. dave, i m trying to pay off my credit card. anyway to get the company to settle up for the principal balance owed and no interesting. are they in for making the deal? where you ve gone into default because you haven t been able to pay your bills, they ll start to settle with them then. your credit is pretty tagged at that point. thanks for the spirited discussion. credit card points vs. cash. see where i end up on that one. thanks very much. thank you. the new show the defenders and meet the real lawyers famous for taking on the toughest cases in the country. that s next. today is august 18th. on this date in history in 1982, survivor had the number one hit. eye of the tiger . remember that one? interesting grooming.
12 democrats made it possible for the tax cuts to be put on the books and as a result, the country had 52 months the consecutive job growth, the longest period in history. neil: i wish we had more time but i always urge we try to remind folks where we were then versus the sort of political spin on where we were then. i covered this intimately and exhaustively at the time and i remember what you were dealing with and the horse trading back and forth to make sure you got it. if we do nothing more than that for our viewers, we re doing our job. thank you very much. you bet. and neil, remember, our economy was $9.7 trillion in size. by the end of 2008, $14.2 trillion in size, tax cuts matter. neil: it becomes a footnote. did the treasury secretary of the united states say hire unemployment is good news? where is the stimulus dough google in try coked up monkeys.
imminent danger to the chicago area. nasa clearing the space shuttle discovery for launch. the agency saying the shuttle is scheduled to blast off april 5th from the kennedy space center one of four remaining flights before the fleet is retired. the mission is slated to last 13 days. the crew will haul spare parts and extra supplies to the international space station. the president will head to florida next month to discuss post shuttle plans for nasa. now back to on the record. get tkpwhraet s another 1.2 trillion dollars greta: what s another 1.2 trillion dollars. the latest budget will generate 9.7 trillion in deficits over the next 10 years that is 1.2 trillion dollars more than president obama s administration projected steve moore joins us