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We're scheduled to spend $640 billion on these programs over the next ten years. clearly this is excessive. clearly this can be cut back. this is the gap in the president's program. there's been a gap between his policies, which seek to reduce and eliminate these weapons. and the procurement for the systems which continue to go upwards. the policy has not caught up with the procurement. that's why it's urgent he act soon in his new term to bridge that gap, to want to gain control of the policy apparatus, to slow the contracts down before we lock in the building of an entire new generation of m...

We're stuck with the cost in the nuclear weapons complex. we spend $56 billion on nuclear weapons and related programs. we're scheduled to spend $640 billion on these programs over the next ten years. clearly this is excessive. clearly this can be cut back. this is the gap in the president's program. there's been a gap between his policies, which seek to reduce and eliminate these weapons. and the procurement for the systems which continue to go upwards. the policy has not caught up with the procurement. that's why it's urgent he act soon in his new term to bridge that gap, to want to gain con...

Office saying all this could put the brakes on a fragile recovery, bringing you peter barnes. peter, them are some strong words. >> reporter: that's right. the cbo sees the deficit falling to about $640 billion next year from more than a trillion dollars this year in this new report released yesterday, but that's mainly because it assumes that we will fall off the fiscal cliff, that the bush tax cuts will expire for everyone on schedule at the end of the year and that the tough spending cuts you talked about will kick in at the same time. that will cut deficits by with about $500 billion for t...

Entrepreneurs we need to get out of this economy will soon be facing combined state and local tax rates of 50%, when people think the federal government, together with federal and state governments will take half of a person's earnings, they will reconsider whether we need to go going in that direction. i don't think they do. when presented with the option, you know we put a deal on the table with the least possibly controversial items. things like a very modest savings of some of the least defense i believe agricultural subsidies that democrats and republicans on the committee said they could...

Entrepreneurs we need to get out of this economy will soon be facing combined state and local tax rates of 50%, when people think the federal government, together with federal and state governments will take half of a person's earnings, they will reconsider whether we need to go going in that direction. i don't think they do. when presented with the option, you know we put a deal on the table with the least possibly controversial items. things like a very modest savings of some of the least defense i believe agricultural subsidies that democrats and republicans on the committee said they could...