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a way, this is who he has been all along. i think he rather find other ways to cut the deficit, but he is a person who campaigned on deficit cutting. and a lot of progressives didn't hear it. they didn't want to hear it or believe it. in 2008 he talked about it. his first month in the white house in 2009 he held a fiscally responsible summit. he said and he was deficit trimmer. does he want to change social security idea deally? >> no. does he think it's necessary. he does. it's not what progressives want to hear. >> jim, pretend we're in an alternative reality that this has a chance to become law. a harry potter world. if this did become law how would it affect the economy and unemployment? >> not a ton is the sort of sad answer here. this is not a big unemployment fighting budget. this is a budget about deficit
>> look, you have three presidents, president clinton, bush and obama have said explicitly that a nuclear iran is unacceptable. if the iranians are allowed to walk across the flesh hold with no opposition, that will demonstrate to other would t be aggressiveha regimes that there is no comp on the street. and that's what is happening. >> is this the year for the showdown on iran? >> simply is a matter of industrial mechanics, how much uranium you need to enrich. >> we humave been saying that for awhile though. and somehow there is a computer virusn that keeps kicking it down. >> it is not an ever receding horizon. and the international atomic agency takes iran's nuclear stockpiles and how much they have and how deally -- deeply it is spared. you saw benjamin netanyahu draw literally a red line. both american intelligence and israeli intelligence have come
experience. >> we great deally appreciate you talking to us. we'll ask her about points you brought up as well as goldman sachs. we appreciate it. continue coverage of nomination of elena kagan to supreme court. what roadblocks could there be. what's her tie to goldman sachs, her lack of experience. she was never a judge. talk with congressional quarterly seth stern who had her as a professor at harvard. what is she like. unsettling weather could be headed to the plains with severe thunderstorms possible. look at the latest on this developing story at the weather channel after this quick break. imagine being at thirty thousand feet with a plane full of kids.
>> neil: what do you think of ben stein's friends? man, i'm hanging out with my deally owner. be that as it may, some people are saying if we are giving this company this much money and it is still in a heap of trouble, stop. >> first of all, the comment that they may need additional bailouts of the was a boilerplate comment they made in a regulatory filing that they make every quarter. they are essentially saying. >> neil: i don't remember that boilerplate comment in prior quarters that we might need more money. >> read the comments and if we read the regulatory filings my understanding is it is language that has appeared before. >> neil: then i stand corrected because if i would have pickd that up or any enterprising journalist would have pickd that up in prior quarters they would have gone nuts! but go ahead. >> i think the analogy here is you invested all this money in a house and the toilet breaks you are going to fix it.