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Infrastructure, you're a finance guy. you know that we need some infrastructure. you don't think that would help? >> look, i think $425 billion of infrastructure is good. the problem is all the other things that come along with it. and we basically have given the democrats a ton of their wish lists and i think not gotten a ton in response so for example, there's a new government bureaucracy created in this infrastructure package that basically is targeted at the problem of too many men driving big rigs. this is an actual provision in the legislation. why do we need to spend taxpayer money to t...

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,...

The argument that cyber espionage be consistent with the international rights. >> they have mo way to punish them but china tells $425 billion of products every year so there is leverage there. any action against china could hurt the u.s. >> paying the high prices. it's harm to feel the u.s. businesses who use chinese imports and input in their own production. strong words haven't had much effect in the 'on china so american officials and companies are trying to figure out how to stop this from happening in the first place. bret? >> bret: jim, thanks. former illinois democratic congressman jes...

Measures to enhance our cyber security. >> reporter: but aside from enhancing our own cyber security, what can the u.s. do? though we can't punish the chinese army unit we can punish chinese companies many of which are partly honed by the chinese government, even the chinese military. those companies sell more than $425 billion a year of goods inside the u.s. jon. jon: there is some leverage. anything else the u.s. can do? >> reporter: we are going to find out later today, probably with more specificity what the administration plans when attorney general eric holder talks this afternoon. what ...

2%? >> keep those. the whole shabang. what we need is more money to go to the economy to keep things afloat. and this is not the time to figure out how we're going to reduce that. it doesn't -- it's not quite that important right now. >> picking up on that point, you're very closely following that stuff in washington, it looks like, my interpretation of this and tell me if i'm wrong, the payroll tax is basically gone already? >> i totally agree. it's not even being mentioned and the reason is, obama's last offer -- we actually had obama and boehner still negotiating in good faith, passing deal...