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Full story of how we got into this debt position at a town hall in reno, nevada, today. >> we had a surplus a decade ago. but we cut taxes. including for millionaires and billionaires. we fought two wars. we created new prescription drug plan, and we didn't pay for any of it. a lot of folks promised us a free lunch. >> as the bush administration was running up the debt, vice president dick cheney actually said, quote, reagan taught us deficits don't matter. joining me now is dr. alice riff rivlin, the founding director of the congressional budget office, and a winner of both the mcarthur prize...