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Jon. economists are first alert forecasting that the economy created about 200,000 new jobs in march but that is still not enough to push the unemployment rate down quickly. so, as a result, they see the unemployment rate unchanged at 7.7% from february. now, this is in line with a moderate economic recovery there are still 3 million fewer people employed now than before the start of the recession. a lot of people have dropped out of the job market as you know. and a lot are still working part time when they want full-time work 8 million people, jon. >> jon: but it's not just jobs. >> yeah. th...

Doubling since they hit bottom in 2009. that is likely helped retail sales, which hit $420 billion in february. adjusted for inflation. that's about 18% off the bottom. housing is recovering. but sales are not back to normal levels in february. we saw existing home sales clocking in at an annual pace of about five million units, five and a half is considered healthy. prices 29% low, and auto sales are almost back to their prerecession time. >> shepard: there is break news now on fox news channel. legendary roger ebert has died. the word came from the "chicago sun times" newspaper. he had taken...

Trying to convince the american people that everything is a.o.k. and new york times economist paul krugman. >> it's a remarkable document that came out yesterday. about the budget and what it said it is projecting a deficit of $845 billion this year. with a fully recovered economy the budget would be down to $420 billion which is a level that is consistent with stable situation. >> it's adjusted. >> it's back to what it was back in 2006, that is what it was during the height of the housing bubble. so we have basically brought the budget under control but nobody noticed. >> eric: sorry pablo,...

I guess you need a noble prize to figure it out. i was watching that live. he went from $845 billion to $420 billion and where did it go? >> greg: i thought matrix was an alternate universe. but what is it with nancy pelosi and krugman, this iser crazy eyed. that drug is our money. anybody that can think they can have 850 -- on whatever is the deficit is like telling a junkie well done for doing one less speed ball. it's still an addiction. dirty secret. they are saying deficits don't matter. why do we have taxes? >> bob: i want to know what drug you are taking to get yourself oh soe depressed...

If you look at -- the overriding problem is our debt. we all know deep down we can't go on spending and spending and borrowing and borrowing. we know we can't do that. but we can't get -- look at that. $16.42 trillion. >>steve: i want to come in here and look at that thing some days and i want to see the numbers go the other way. up and up and up. >> on september 4, 2012, we crossed $16 trillion. we're now january 3, we're now $16.4. we put $420 billion on that clock since september 4. we know deep down, the country knows deep down that you can't go on like this. but that problem is not being ...