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Federal government. >> really, where, where? >> manufacturing, housing. >> sean: housing, housing? most people are underwater. hang on a second. i need to add one other piece. he's given us 6 trillion dollars, 6 trillion dollars, caroline in new debt. do you know what he's done, if i use the same hyperbole, he stole that from future generation, stealing from children, those poor kids' money and breaking open the piggy bank, he's a thief. >> i can imagine him in the bedroom at night with a hammer, sean. the fact is the deficit problems started in early 2000's with two wars we couldn't afford an...

Federal government. >> really, where, where? >> manufacturing, housing. >> sean: housing, housing? most people are underwahang on i need to add one other piece. he's given us 6 trillion dollars, 6 trillion dollars, caroline in new debt. do you know what he's done, if i use the same hyperbole, he stole that from future generation, stealing from children, those poor kids' money and breaking open the piggy bank, he's a thief. >> i can imagine him in the bedroom at night with a hammer, sean. the fact is the deficit problems started in early 2000's with two wars we couldn't afford and tax cuts we c...

Earlier this morning, you said that well now may not be the time for tax increase. you said the idea of it being part of a package. as governor, you didn't raise taxes. how many times did you cut taxes? >> i cut taxes every year when i was governor. >> sean: every single year. >> yeah, and to me, growing the economy would create exponential revenue, much more than the effort to try to he redistribute well. the strategy for the president isn't to create revenue to deal with our structural deficits and it's to create a new america through redistribution of wealth, where success is penalized at t...

Earlier this morning, you said that well now may not be the time for tax increase. you said the idea of it being part of a package. as governor, you didn't raise taxes. how many times did you cut taxes? >> i cut taxes every year when i was governor. >> sean: every single year. >> yeah, and to me, growing the economy would create exponential revenue, much more than the effort to try to he redistribute well. the strategy for the president isn't to create revenue to deal with our structural deficits and it's to create a new america through redistribution of wealth, where success is penalized at t...

Defense are a backdoor thing. >> they have been in that argument. from the perspective that we still have 8% unemployment, what's so perverse is there is a broad consensus that we need a short-term counter cyclical policy and the deficit problems are genuinely mid-to long-term. what happened is the absolute reverse. nothing happened in any of these deals to do anything about the mid-to long-term. the affordable care act has been about short-term construction. austerity and none of the stuff that the. >> pete:ersons of the world do. it's a perverse out come. >> not only austerity, but we have a...