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Template for across the board reductions of long-term spending along with tax increases. that would obviously be ideal. right now we're talking about $2 trillion of spending decreases plus tax cuts, which even though running a trillion dollars of deficits a year, that's over a ten-year period. we're not talking a huge dent in the situation here. granted, any progress is probably better than no progress. but what we are talking about versus the ten-year horizon that we're facing, there is still a huge gap between washington in general and those economic realities. >> meanwhile, timothy geithner...

You're saying. no one wants taxes to go up at the end of the year. is it more important to boost the economy in the short-term or to take steps to reduce deficit in long-term because the deal that the president has made with republicans may not do anything or much to reduce the deficit in the long-term. >> the number one issue to the american people, myself, you, everyone watching this show right now is jobs. how do we get 15 million people without jobs back into the workforce. that's got to be priority number one. to my friend, roland, i would say this. we have a new congress that's coming in...