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The short term. most people went away from that over time realizing thats not such a good idea. whats surprising is there is a basic point that if you borrow, you have to repay. the congressional budget office really an important document, of course, a kind of nerdy one, says that right now this year well spend 1.4% of our national income on servicing the public debt. by 2023, before krugman says we have a problem, they estimate it will be 3.3%. in other words, two percentage points more just to...

Back to 2007. in other words, they looked at 2009, they said the housing markets collapsed, the market for consumer goods has collapsed. we just need to boost back where we were. it was kind of unimaginative to say that lets just to back as opposed to saying that didnt work, we need something longer term, more serious, something thats going to take us out of these cycles. the truth is, they havent recreated the bubble, at least yet. it didnt work. they couldnt recreate it. young people are sayin...

Now, you can say it would be desirable to do something in the next ten years what will happen later on, but whats the desire to do this? wheres the evidence we have to do something, that we have to be focused on this as opposed to the clear and present problem of high unemployment? you know, where is this coming from? bowles and simpson said -- i mean, i like this because they gave us a date. they said two years well have a fiscal crisis unless we deal with this. that was two years ago. >> youve...

Ahead. its uncon shenable not to plan ahead. for my 4-year-old child, for my 9-year-old child. at some point, were going to have to tell beneficiaries whether you cut it off at 50 or earlier or whether its 55 or earlier. were going to have to say, the rules of the game are going to change for medicare recipients at some point. i dont think we can wait. you say you didnt say wait until 2025, but i dont think we can wait another decade before we start addressing medicare. >> jeffrey sachs, does be...

>> i think hes fully -- >> i think hes going to run. >> thats the point. this, to me, just by him saying im not ruling it out is something weve never heard from jeb bush before. he has, for a decade, in some form or another, been recruited by some in the party. big donors, whoever you want to say. raise your hand, be the leader of this party. hes always attacked back for reasons, maybe they were personal. this time hes saying no, im in. i want to have the conversation. hes using the book. what i...

Come up, if not hillary. >> yeah, we got to go really quickly. eugene, you write about the sequester, a stupid idea whose time has not come. >> i hate it. i hate the name. i hate the way everybody has handled it. i hate the way it bolsters the stupid both sides are at fault argument. thats rarely the case. it drive mess ks me crazy. in this case, the both siders point. >> were going to take a quick sequester here. chuck todd, thank you. well see you on "t he daily rundown." joe klein, thank you ...

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