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Mean you because i think you're fair. but the republicans and the conservative media have done such a great job spinning this, that people don't have a clue what's the truth of this bill. for example -- >> neil: i can't find two liberals who have the same consensus. >> republicans stand up at the tea party event and say this bill will explode the federal deficit. the republicans rely on the cbo for deficit projections. the cbo said it would reduce the deficit by almost a trillion dollars. if you quote the cbo -- >> neil: you're right but stepping back, i wish we had more time. the fact the of ...

Deficit projections while we're going to see increases in taxes. so that shows government spending at really unprecedented levels. that's the difference here. republicans need to step up. i absolutely agree. but democrats also are going to cost us more. >> glenn, what do you think? >> i think when this is over, we should talk about the family values party of mark sanford and half the guys who tried to impeach clinton. of course there is hypocrisy in this country. ronald reagan talked about fiscal. bush, he has wars he doesn't even put on his books. the democrats might spend, but at least they'...

Foreclose, if prices go down significantly from here. >> let me move on. i want to talk about the deficit and i also want to talk about taxes. here are the deficit projections from the president's 2011 budget and the numbers are, frankly, staggering. if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic ...

Foreclose, if prices go down significantly from here. >> let me move on. i want to talk about the deficit and i also want to talk about taxes. here are the deficit projections from the president's 2011 budget and the numbers are, frankly, staggering. if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic ...

Fortunately, the evidence suggests that the vast majority, as hank was implying, of these types of homeowners, that is those with the standard conventional mortgages, do continue to pay on their mortgages even if the value of the home is below the market pri price. what worries me particularly is that there is a very large bloc that will be thrown on the market, people starting to foreclosure if prices go down significantly from here. >> let me move on. i want to talk about the deficit and i also want to talk about taxes. here are the deficit projections from the president's 2011 budget and th...