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Director of the office of management and budget. the author of the great deformation. and michael, contributing editor to the american conservative, editor of the slur and david, i want to start with you. you are someone who has kind of been in and out of the conservative movement. you were kind of a purgee in certain ways. very famous profile of you in during your time in the reagan administration. you've also tangled with grover norquist. >> this isn't surprising. the republicans are no longer a political party. they're a gang. you have the neocans, tax, social and just. just cans are the fa...

Calculator? does her math add up? stuart varney might know the answer to that. he's here to explain. i thought the complete opposite occurred. i'm looking at numbers here. >> it was president obama who ran up the deficit. in his first full year in office, $1.4 trillion. and it's been above $1 trillion every year since then. look at that. $1.4 trillion first full year in office. so it is technically correct that, yes, the president has cut it in half, $650 billion this year. but put it in context, it was the president who ran it up in the first place. the only reason it's come down, or the main...

Night, the senate and president will never go along so obama care will kick in on october 1st. no matter what. but republicans aren't going down easily. on another front, the g.o.p. wants to cut the record spending on food stamps. 5% over the next 10 years. yesterday, the vote in the house was 217 to 210 to do that even though the cut is small, the senate and the president will not go along. when president obama took office, 40 million americans were living in poverty. four years later, 46 million are poor according to the u.s. census. this year, 2013, the feds will receive the most tax money ...

Common sense thing that most people around the country get. and they're at a loss as to why washington, d.c. doesn't get it. >> but not spending money you don't have, you don't give defense contracts out to defense contractors where you give an open checkbook and the sky is the limit. i mean, there is some sort of discipline in contracting. i'm talking about billions and billions, not even saying you don't need the stuff. but when you give them an open checkbook, let them do cost overruns, no accountability. that is not the way people do business at home. >> it sure is not. and the way we look...

They're at a loss as to why washington d.c. doesn't get it. >> not like don't spend money you don't have is that you don't give contracts out to defense contractors where you give an open checkbook and the sky's the limit. there's some sort of discipline in contracting. i'm talking billions and billions of dollars how we do defense contracting. not saying we don't need this stuff. when you give someone an open checkbook and let them do cost overruns and no accountability, that's not how people do business back home. >> it sure isn't. you look at the debt we're running up, $650 billion this yea...