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Challenges arising from our unsustainable debt structure and increasing lack of global competitiveness. issues including getting tough on china and other countries that are methodically and systematically taking advantage of the united states were seldom mentioned before i brought them to the forefront of the country's conversation. they are now being debated vigorously. i will also continue to push for job creation and initiative that should be this country's top priority and something that i know a lot about. i will not shy away from expr s expressing the opinions that so many of you share, ...

path through louisiana's cajun country. >> we're fortunate that were have what we have, we haven't an opportunity to get out. material things we can replace. our family and what we believe in daily, just can't put prices on that. >> did you put up the sign? >> yeah, i put it up, i'm proud of that sign. it's just what we say, we will be back. >> almost a week after the mississippi crested in memphis, the river remains 11 feet above flood stage. president obama is in memphis today to get a look at the flood damage. and to comfort families who have lost their homes. zero and liftoff f...

Which will probably hit around july they make clear through legislation, the first dollars spent will be spent toward servicing the debt, paying the interest on the debt. it is incredibly important our creditors around the world understand that those obligations will be honored but it's a bit of a red herring to say that simply because we stay within our current debt structure that the whole thing is going to fall apart. when i was in congress, i served on the budget committee. we passed a balanced budget. we balanced it in 1997. we didn't have to increase the debt ceiling again in 2002 so the...

>> canada, germany, other places have high homeownership rates without the tax deduction. but we've had this so long that people do factor that in. they think about how much they'll be able to deduct. if you take it away, there is evidence that the increased rates that we know we're getting could soften the housing market which we've seen recover a the recession. this is a dangerous place to be treading. john, part of the issue here, you heard corker saying to your point about growth, i'm worried that we do this we inherit this -- we implement this kind of a debt structure, we add to the natio...

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