Detailed text transcripts for TV channel - CNN - 20100202:03

Detailed text transcripts for TV channel - CNN - 20100202:03:27:00

others do not necessarily subscribe to that point. david, you look at this budget, david walker, what do you think? the average american is totally confused. you must recognize that. >> well, there's a difference between the short term and the structural. the short term it's understandable to have deficits. we're in a recession. we have two undeclared and unfinanced wars. a number of bailouts engaged in. the president is wanting to help try to stimulate the economy and help get unemployment down. the real problem is even after the economy starts growing, unemployment goes down and we get out of iraq and afghanistan, we have huge deficits that we're not making progress on that threaten the future of the country. >> well, i guess the question to david gergen, there are plenty of critics, liberal critics who say we need to cut deficit spending but not at the expense of programs that help the poor and middle class. many of whom are already struggling to stay afloat, david, in these tough times. here's the question. can president obama realistically accomplish both of these goals? helping the middle class and poor at the same time, reducing

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