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All in the short run. in the long term, yes, we want to balance the budget and get rid of the deficit. right now, when you have 13.5 million americans unemployed, the last thing you want to do is fire more americans, get rid of more american jobs by cutting the deficit. that means there are fewer people who have money in their pockets to turn around and buy things from other people who need to sell them in order to skeep their jobs. >> it's not that we're focussing on the short term. in different times you need different remedies. if you have massive unemployment, you need to stimulate the eco...

Thousand dollars on 14 months of catering. republicans spend $216,000 on the same thing in a meeting in hawaii. $700,000 on unspecified expenses labeled office supplies. with us to explain what this means shall the cofounder and executive editor of real clear politics.com. hello, tom. that's fancy office supplies. >> yes. >> shepard: you know, for one thing michael steele recently and often and loudly been criticized for the sense he's spending too much money. this isn't new. >> no, it's not. it's another big sort of pr disaster for him. the flap that happened a few weeks ago over the $2,000 s...

Pension it's $46,000 a year. and in addition, he has about $216,000 in a 401(k) style savings account that congressman have access to. so that all comes out to been 1.2 million over the rest of his life. >> bill: i know what people are thinking across the country. they are thinking okay, i'm scrambling in my life to keep above water. my house is worth less than when i bought it we are not going on vacations. politicians seem to live this lifestyle that is so far beyond anything most people imagine. and even if it is technically okay, i mean, it's allowed by the rules. it just doesn't seem righ...

If he takes it at 62, which is the retirement age for their pension it's $46,000 a year. and in addition, he has about $216,000 in a 401(k) style savings account that congressman have access to. so that all comes out to been 1.2 million over the rest of his life. >> bill: i know what people are thinking across the country. they are thinking okay, i'm scrambling in my life to keep above water. my house is worth less than when i bought it we are not going on vacations. politicians seem to live this lifestyle that is so far beyond anything most people imagine. and even if it is technically okay, ...

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