relation to the annual gdp, the gross domestic product, is about the same, about 11 percent of the gdp. and while republicans to some extent democrats and to some extent democrats have talked about decifit cutting nobody has been asked specific as the u.k. guys have about where to cut and also taking it all into action. i asked one government insider why the u.k. is taking this choice and they say stimulus for them, they don t feel, will work, they feel that if they can reduce the debt, they can reduce debt payments, they can keep interest rates down and in that way stimulate an economy which here too is still recovering from a recession. we ll see if that works jenna. jenna: certainly will. tough times, tough measures. thank you, greg palkot, on axe wednesday today, thanks greg. jon: wait until you see this video, an arm, smash and grab robbery, the whole thing caught on tape. harris is working at the story at the breaking news desk, she has more of this dramatic video. and the late
more doctrine dollars position against second amendment rights. professor smith brings up the point that in this economy with the jobs situation, the budget decifit, all those sorts of things that many voters will be voting on in the second amendment may take a back seat but there are voters where gun rights are their primary concern and regardless of if you re a democrat or republican, they re going to vote right down that line, whoever supports their right to bear arms. jenna. jenna: interesting trend, interesting partnership, molly. thank you for bringing us that story, molly line. jon: major revelations about the war in afghanistan. the pentagon, just a few moments ago, saying those leaked documents appear to be at secret and not secret level of classification. but could sharing these secrets with the world put our troops in danger? we ll get into that. after weeks of searching for missing seven-year-old kyron horman, investigators now say they have made significant progress in
next ten years with an option they hope will bring in billions of dollars for infrastructure and public safety improvements, and maybe even a little left over to reduce the budget decifit. as you say, the details will be announced in a speech here in washington by the head of the president s national economic council, larry summers, after president obama signs a presidential memorandum that frees up spectrum space now controlled both by the government and by some private companies. congress will have to give its approval, but there doesn t to be appear to be major opposition. broadcast and cable television companies will be asked to give up some space. they may not be happy about it but officials say there will be more space for police and fire and other public safety agencies which has an goal since communications problems were revealed in the response to the 9/11 attacks. jon. jon: so why do we need the space? many words: i phones, ipad, blackberries, wi-fi,
really been asked of democrats across the country in many of these races. but they re going to have to start answering them as we get closer to the election. so when that occurs, we re going to see these numbers tighten up and i think you re going to see a lot of democrat incumbents in serious trouble come this fall, and especially in races that people hadn t anticipated. jon: one guy who s not running this fall hang on a second, michael. one who is not running this fall, obviously, president obama. these are mid-term elections after all. and when asked who do you trust to do a better job on issues like the economy, mr. obama wins over congressional republicans 49-38 percent, regulation of financial industry, he comes out on top, 52-35 percent. budget decifit, 45 percent for the president, gops in congress, 41 percent, and health care reform, even on that issue, mr. obama wins 49 percent-39 percent. michael, it looks like awfully good news for
is absolutely essential. history makes clear the failure to achieve fiscal sustainability will over time sap the nation s economic vitality, reduce our living standards, and greatly increase the risk of economic and financial instability. the federal budget appears set to remain on an unsustainable path. bill: so what do we do now and what was talked about that room on day one? congressman david kamp out of michigan was there, he s here now, the ranking republican on the house ways and means committee. sir, welcome to america s newsroom . you put out a statement yesterday of strong language, and one of the things you said, we have not one decifit to close but two, a budget decifit and a public trust decifit. that s saying a lot. what was the primary suggestion that was in that room yesterday? well, it was the first meeting, and so what was i think good is there was a large agreement on the severity of the problem and the fact that we need to act now. i think that was pretty