on the question of whether raising taxes or cutting spend something more effective. kevin hasset studies at aei and joins us. tell us about your study. >> we looked at something that economists rarely looks at to see what works. they've gathered by the campfire, sung kumbaya and we went back to the last 37 years after people said they are going to do it which succeeded. if the u.s. would copy the countries that succeed wad would we do? you to reduce spending. if you try do it through raising taxes it doesn't work. >> dana: a lot of skeptics have argued we can't pay for everything if we don't raise taxes is >> it depends on how much you expand. the typical successful fiscal consolidation or deficit reduction measure had spending as a reduction of 85% of the