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Very important. no new construction jobs whatsoever. that's a big problem 'cause the housing industry is kind of the engine for growth in america. >> brian: when it collapsed, we collapsed. >> it collapse, we collapse and it hadn't rebounded yet. when the construction jobs spark up, that means sales are going. unfortunately, no new construction jobs. you break it down by race, 14.4% unemployment rate among blacks and that's an uptick on their number there. hispanics, 11% stayed the same. this one, teens unemployed at 23.7%. not a lot of good news in the jobs report. >> brian: the president alw...

Villaraigosa has to face these questions in california, where you see the economy up close and the difficult slowdown. when we look at these numbers, we look at the numbers, 11% unemployment for hispanic americans. the black unemployment, 14%. 14.4%. teenagers, 23.7%. all those kids coming out of school. what can you do? i know we will talk about this transportation bill the president's going to sign which was your big proposal today, but there has to also be a broader lift to this economy. >> no question about it. we've got to do everything we can and i say when i was president of the confere...

We're not too far off from being greece, if we need a warning sign, we just have to look over at the newspapers in europe to see and how it played back in our markets. if we do not do something to rein in our debt, if we do not do something rein in our spending we'll see greece happen on our streets. >> mark: you say that and other people say it. there are millions of americans this doesn't matter. it has no reality. >> but it does. >> mark: $16.2 trillion, what $18.3 trillion or 23.7? >> there is a lot of consequences for taxpayers and americans as a whole. consequences of inflation and conse...

We're not too far off from being greece, if we need a warning sign, we just have to look over at the newspapers in europe to see and how it played back in our markets. if we do not do something to rein in our debt, if we do not do something rein in our spending we'll see greece happen on our streets. >> mark: you say that and other people say it. there are millions of americans this doesn't matter. it has no reality. >> but it does. >> mark: $16.2 trillion, what $18.3 trillion or 23.7? >> there is a lot of consequences for taxpayers and americans as a whole. consequences of inflation and conse...

We're not too far off from being greece, if we need a warning sign, we just have to look over at the newspapers in europe to see and how it played back in our markets. if we do not do something to rein in our debt, if we do not do something rein in our spending we'll see greece happen on our streets. >> mark: you say that and other people say it. there are millions of americans this doesn't matter. it has no reality. >> but it does. >> mark: $16.2 trillion, what $18.3 trillion or 23.7? >> there is a lot of consequences for taxpayers and americans as a whole. consequences of inflation and conse...