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>> we're going to have a stronger economy because i'm going to be governor. i have experience in the private sector i know how jobs are created and lost. >> i'll work tirelessly as governor to bring more good jobs to massachusetts. i know how to solve a budget problem. >> i stand very clearly for lowering the taxes. >> there are times when i watch mitt romney saying the sack same things now that he said here in massachusetts in 2002 in a robotic way that is completely hollow. it doesn't work here so i'm not quite sure why he thinks it'll work nationally. >> the obama campaign senior strategist...

Huge budget problem here, right? >> you have the pension problem which causes that, it's $81 billion of long-term debt created over the years. we've got a $9 billion deficit in the budget which we can't make up this year alone, but we have reduced -- are trying to reduce this budget which we hope to pass in the next couple of days, which will reduce last year's spending by as much as $6 billion, as well as tied with that a medicaid reform that we just passed that reduces that budget by 2.5 billion. yeah there is a lot of issues that are out there. bill: i apologize for the interruption. a lot ...

You don't have. you know, government has got to stop growing so big. i've been trying to say that for years, and unfortunately this has just been kind of ram rodded for the last ten years spinning out of control. the pension problem has been a lot longer than that, but the actual budget problem that we have right now has been over the last ten or 11 years. bill: i don't know how you're going to solve it but we're going to follow it. we've seen stories, watched them in ohio and illinois. so many folks are going through this right now. when you go back to the state house today, what are you goin...

Return later this month. it will be former president's first public visit to the white house in more than two years. a huge fiscal deficit is threatening to sink california. the state budget is shored by nearly $16 billion. and governor jerry brown is proposing a recovery plan to include several spending cuts and tax increases. this comes as the governor proposes a $14 billion water project that has some scratching their heads. joining me is the former governor of california, gray davis. welcome, sir. glad to have you. >> my pleasure. nice to be with you. >> tell us why california has this c...

That is only about $30 million the biggest debtor in the world over the next five years, but if we're going to be even more immediate trouble. every single 435 members would i really do think we're at a do that, house and senate. tipping point. we've got a president who wants to take us in one direction >> greta: i think it would which basically is the european inspire the american taxpayers direction. to show you were least trying to they got a guy over in france, socialist leader that is leading pay attention what you are doing with the dollars. nicolas sarkozy in the polls it may be if we r...