deficit reduction policies are bush on steroids. romney's proposed tax cuts would cost more than $10.7 trillion, 8 trillion more than bush's tax cuts. it would be impossible to balance a budget. romney hasn't said how he plans to pay for the cuts. the current government just posted a budget surplus for the first time in 42 months. if republicans, seriously, if republicans are able to convince people in this country that president obama is entirely responsible for our national debt, it will be the biggest political hoodwink of modern political times. let's turn to richard wolffe. great to have you with us. it's a heavy lift. i guess you can give the republicans credit for trying to do. can mitt romney convince americans what happened in the bush years and what started to dig us in this hole.