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Tax cuts increase deficits. no one is disagreeing with that. >>stuart: we can disagree on that in another way. >>guest: the point you are making, what you are saying --. >>stuart: do you think this is a good thing to offer $105 billion in a payroll tax cut for next year? in other words, the possibility of creating jobs with that tax cut versus the certainty of adding to our deficit. is it a go thing? >>guest: do i i think that tax cuts for the middle-class in a time of recession are --. >>stuart: do you think it is good? >>guest: yes, yes, yes, yes i do, i think that tax cuts to the middle cla...

i'm "outfront." erwinerin burnet. the dow down 276 points. europe i don't know crisis took a bit out of the u.s. markets and former goldman sachs chief and new jersey governor jon corzine's company, mf global filed for bankruptcy today. after more than $6 billion in bets on europe gone bad. the spook, though, only went so far, because when you look at it over the past month, the dow industrials up more than 1,000 points for the month of october. that's 9.6%, and it's the best since 2002. the s&p 500 up almost 11%. its best gain since december of 1991. stocks were spooked, fitting, ...

Late, and that is from a democrat. california congressman dennis cardoza, a long time critic of the administration, says this, it's far too a little, it's just baby steps. they're still not getting it. cardoza said the housing collapse is a leading cause of the recession but the last issue to be addressed by washington. more on that coming up in a great fair and balanced debate with bob and andrea on deck on that. martha: debt is such a burden to some states in this country that they are digging a deal hope to try to stay above water. how deep? look at this report that came out this morning. i...

We had ron paul on earlier saying look, the problem isn't what you can do with taxes but what you've got to do is spending. he said perry's plan to try to address getting the budget in balance for the year 2020 is too late. he says he will do it in his third year. what about you? >> i'm wrobel not as confident as ron paul is. it's possible in five to seven years to balance the budget. we did it fastener the '90s. and i remain the only speaker of the house in the lifetime to balance the budget and paid off $405 billion in debt. we did it in part by controlling spending. in part reforming big en...

Assistance. there are missions that only we can to. the iraqis were in my view open minded to this. this was a failure by the obama administration to close the deal. the military commander said we needed 15 to 18,000. we have none. so that is the bottom line here. at a time when we need troops in iraq to secure the place against intervention by iran and the bad actors in the region we are going to go into 2012 with none. it was his job, the obama administration's job to end this well. they failed. >> chris: let's turn to libya. you were a loud critic of the obama administration decision to wor...