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But i also believe that fears about debt and deficits are real. there is a danger that the stimulus will not be that effective, that it will be more about politics than economics, that temporary government programs quickly become eternal, that the deficit will grow and grow. so i have a proposal, a kind of grand bargain. have a second stimulus that is targeted, temporary, and effective, and most important, announce the second stimulus coupled with an announcement from the president of a ten-year plan to tackle the budget deficit. this would include significant reductions in entitlement spendin...

About debt and deficits are real. there is a danger that the stimulus will not be that effective, that it will be more about politics than economics, that temporary government programs quickly become eternal, that the deficit will grow and grow. so i have a proposal, a kind of grand bargain. have a second stimulus that is targeted, temporary, and effective, and most important, announce the second stimulus coupled with an announcement from the president of a ten-year plan to tackle the budget deficit. this would include significant reductions in entitlement spending, cuts in wasteful subsidies ...

Yesterday at a house hearing, we learned holder hasn't even read the bill. check out this exchange between the attorney general and texas congressman ted poe. >> have you read the arizona law? >> i have not had a chance -- i've glanced at it. i've not read it. >> it's ten pages, it's a lot shorter than the health care bill, which was 2000 pages long. i'll give you my copy of it, if you would like to have a copy. jon: holder says he's asking a team to review the law for him. in the next hour, we'll speak to the arizona legislator who drafted the bill and get his reaction to the attorney general...