Deficit Dropping News Today

>> lets work on that. >> but let me get back to policy with you, joan. extending unemployment benefits, you talked about how we have the deficit dropping. but the other part of this is that it actually would help the economy. >> yeah. >> it would create 200,000 jobs this year by boosting consumer demand. and not extending benefits really weakens the economy and costs 300,000 jobs. >> right. it actually does in the end more than pay for itself with its stimulative effects on the economy, reverend...

As a percentage of gdp -- i was looking at the numbers yesterday, his budget drops it from 9% to 4% by 2013. isnt he doing what he promised? >> he is, though the picture is worse since he took office. town the road, if things go well short term you have the deficit dropping until 2015, 16 or 17 and is goes back up as baby boomers retire and the ratio of workers putting into social security and medicare and people taking out, gets out of whack. the long term picture is bleak and that needs to be ...