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The election was all about. john boehner, if he is serious, will have to find out, but he certainly isn't very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying...

A time when our national debt already exceeds the size of our country's entire economy. we can't afford pinpoint and we can't afford to leave it intact. that's why i've been clear that the law has to stay on the table, as both parties discuss ways to solve our nation's massive debt challenge." mr. boehner, this is not what the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn't very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn't make a lot of sense to get rid...

The austerity measures, it's given pause to how we handle our own fiscal issues. and why there is this sense of -- that the united states is afraid of doing -- being as astere as you guys were. basically you went back into recession. >> we now emerged from it. we cross our fingers we will stay out of it. you have advantages. you have the reserve currency. you're the biggest economy in the world. we did not have that. we're not part of the eurozone. if we had not stuck with the deficit reduction program our borrowing cost for sterling would have gone through the roof whereas partly because, lar...

Press. but let me start with sort of where things are. give me an assessment of where the uk's economy is right now. you guys have done different measures on the financial choice sis than the u.s. >> our economy is still in a decision. we had three consecutive quarters of negative growth. we just had encouraging news. we grew out just over 1% in the last quarter. on the back offed a jurgsmentes from the olympics and so on but good news. we've gotten rid now of one-third of the deficit which our deficit reduction program was designed toe get rid of me with have austerity program which is tough ...

Dramatic change and that is what they say they want why odd. they go to one of our rivals instead of you? >> well, my plan is a popsible plan and i have the specifics that show how i will cut $500 billion out of the federal budget and take federal spending from 25% of the gdp down to 20% of the gdp which is in my view closer to the long-range average and makes sense. those that have said look, we are going to get rid of double that amount, i want to see the specifics and look to see whether that would in fact hurt the economy and make it harder for us to put people back to work. my highest pri...