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Americans have had a tough time lately with spending and budget deficits. We should be careful not to spend more money than we have as a country, but we are. And Clark was even more stunned to see the results of a study done by two polar opposite groups – The Heritage Foundation and The Brookings Institution – in conjunction with the Concord Coalition. It showed that, regardless of people’s political leanings, both groups wanted to keep social security and Medicare. That includes even the most conservative folks involved. They could not come up with a single government program to cut. But the reality is that we don’t have to pay for all of these programs – unless we raise taxes. And again, in a strange turn of events, all of the participants thought we should raise taxes to pay for everything. Clark doesn’t get it. What are we thinking? We have to stop spending money and become self-reliant or we’ll become a third world country.

You may have noticed that your cell phone bill has declined in price of the years. And, cell phones continue to get more affordable as the years go by. Remember when you paid roaming charges? Before that, we had huge boxes that had to be installed in our cars. Both of those have been eliminated as cell phones got more sophisticated. Well, the next wave of change is upon us. Soon, you are going to be able to make a call on your cell phone without using your minutes. That’s right. Your cell phone is going to get even smarter. How? Depending on where you are in the country, cell phones will soon come equipped with wireless Internet service. Your phone will switch to built in Wi-Fi in your phone when you are in an area with a wireless network. Therefore, your phone will use Internet phone service instead of cell minutes when you’re in those areas or cities. Cell phone companies are fighting this move, of course, because it means less money for them. But it’s going to happen and companies better catch a clue. This move will pretty much eliminate the need for a home phone. Boston, Philadelphia and San Francisco are all moving to free wireless networks in their cities. So you’ll only use cell phone minutes when you’re on a trip or are “roaming,” as we used to say.

It’s Day 2 of Clark’s challenge to Bank of America customers to remove money from their BOA accounts in protest of how the bank treats its customers. The incident that prompted Clark’s challenge involved a San Francisco man who was arrested and jailed when he went into his BOA bank branch to verify a check that turned out to be a fake. The bank called police and Matthew was arrested on fraud charges. Clark found it appalling that BOA did not apologize or help pay for the Matthew's legal fees following the bank’s huge mistake. So, he asked customers to take out their money and cancel their accounts. Clark is overwhelmed by the response. Within a few hours of the segment airing, customers had removed more than $3 million. And today, that number is up to $7 million. How high does the BOA meter have to go before the bank does the right thing?