even more worrying is the example of greece. a sudden loss of confidence and a sharp increase in interest. that me be clear. we are not as bad as greece. our underlying position is much stronger than theirs. are week -- we now have a government, that are would argue, that has the ability to deal with the problem. let greece stand as a warning of what happens to countries that lose their credibility. thankfully, this is a warning to focus the into it -- the focus of the international community. we need to take immediate and decisive action. we have completed a spending review to save 6 billion pounds of public spending. we have a new independent office of budget responsibility. it will send out independent forecasts so that never again can this country slip into another massive debt crisis. our actions have already been noticed around the world. i am a glassg-de20 -- i am glad the g-20 endorsed this. this is the sober reality i have to set out for the country today. the legacy left by the last government is terrible. the private

providing help to greece has proved to be a difficult proposition. nevertheless, europeans are committed to avoiding default increase and in other countries on the so-called periphery because they fear that the default of agrees, even though it is a small economy, might lead to defaults and other countries if investors got spooked by the first default that in turn could put pressure on the banking system which holds lots of securities from those countries and the banks and other businesses in those countries. it has been a relatively slow process. the europeans have put together a program, a special purpose vehicle with 500 billion bureaus in which is being partially match by the international monetary fund. >> is that enough? >> it is quite a bit. 500 billion here and there and you are talking real money sent. oon. [laughter] >> not what we have been spending. >> it is a lot of money and covers the obligations of portugal and spain and greece for a couple of years. the imf is there and more european money might be necessary. there needs to be worked

we talk about greece and their challenges, we are the next greece if we don't balance the budget and get serious about our national debt and our deficit. mr. by can nan -- mr. buchanan: last year $1.4 trillion in deficit. this year we are expected to exceed $1.5 trillion. we need to balance the budget now. my first year 3 1/2 years ago i introduced a balanced budget amendment that just says we don't spend more than we take in. we need to do that or we are going to be the next greece. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from florida rise? without objection, the gentlewoman is recognized for one minute. ms. ros-lehtinen: thank you, madam speaker. in the last 50 days approximately 35 million gallons of oil have spewed into the gulf, resulting in the worst environmental disaster in american history. the oil spill has destroyed wildlife, wreaked havoc on our marine echo system, and debilitated thousands of families who depend on fishing and tourism for their way of life. and while b.p. has stated it

on other occasions, and greece have not when we may be thought they have been prompted. we look to israel to cede to the international calls for such an inquiry and investigation. it would not be logged -- belongs if they refuse to that we would add our voices in that case for one conducted under international auspices. he is right to say urgent workings should be taken on providing the mechanism for access to aid into gaza and trade in and out of gaza while ensuring israel that will not be used for the smuggling of arms. that is the urgent work we are kicking forward with our partners in the eu and u.s. and it is something we will have to come back to the house on. >> it is easy to beat contemporary -- to condemn israel. the questions we must ask ourselves is that these things taken by themselves will bring about the solution that we all seek. drawing on our own colonial experience and lso on our recent experience in northern ireland, is it not clear that sooner or later, however controversial it may be, that hamas have to be brought into the circle of discussions? >> i

worried are you about identifying those minorities who want to know about chopin, schopenhauer, einstein, greece, rome -- even if they are not in those fields? what are you doing about that? >> liberal education. you want students to study history, literature, philosophy, and to ask the big questions about life and what kind of empathy they have appeared the best education has to be abroad. but it is not about training. >> it task to be broad. -- . >> it is not about training. >> it has to be broad. >> we have to have our students take more courses in the arts and sciences. >> let's thank our panel. [applause] i hope everyone sees that there are some fantastic agents or changed sitting here. being the optimist that i am, i think we can expect a tremendous improvement as we move forward in this very technically complicated business of education. thank you for being here. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> pulitzer prize winners today on prime time. he talks about the final decade of the cold war. we also l

debt that meets or exceeds that that we see in countries like greece or spain or ireland or italy. the european union threatens to collapse under the financial stress that they have because they have loaned money -- it's almost like they're sitting at a poker table playing for chipping that are writing each our i.o.u.'s around the table. at some time you have to pay fo- the drinks and the food that's coming along. those chickens are coming home to roost in europe. we don't need to be there in america. we're a different kind of people. we have a unique vitality in our character, in our soul. one of the things that is part of that vitality is that we've skimmed the cream off of the crop of every civilization in the world. everybody that were immigrants to the united states, they didn't get people who were sitting out there on the porch that didn't go to work. these were the entrepreneurs, the creative ones, the ones that had a dream, that were frustrated because they had the shackles of a dictator that kept them from using freedom to grow their own lifetime success. can you imagine i