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Most vulnerable in our society, we should not be asking them to make sacrifices we're not asking the most fortunate in our society to make as well. so i am still pushing for us to achieve a big deal. but what i also said to the group is, if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. and that we can actually accomplish without huge changes in revenue or significant changes in entitlements, but we could still send a signal that we are serious about this problem. the fallback position, the third option...

opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we'...

Overhaul hitting the legal speed bump and it may only get bigger. a federal judge ruling yesterday that virginia can move forward with their lawsuit over health care. and other states are planning similar lawsuits. we are right now joined by ken, attorney general of the commonwealth of virginia and bill mccullum, the attorney general of florida. good morning, guys. thanks for joining us today. >> good morning. >> good morning. >> ken, let's start with you. congratulations, you won round one against the administration. essentially, your argument is what regarding health care? >> well, first of ...

Perceived as sort of a bailout backup fund. >> because the banks pay into that fund. >> the banks, not the taxpayers but there is a sense it would give almost a fallback position, if you know it's there then it might. >> it's okay to fail. >> real quick. what is the truth? is this a bipartisan product? they've been at it more more than a year. there were some bipartisan negotiations. >> democrats would say we've negotiated enough now. let's get it to the floor. we've heard that. >> kelly o'donnell, thanks so much, covering capitol hill for us. >> well, the political world is buzzinging about f...

Secondly, you've got a candidate out there named mitt romney. mitt romney pushed through the biggest health care plan in the world up in massachusetts on which this bill was based. he's now leading in the polls to be your nominee to run against barack obama. how can you run a guy as your chief spear-carrier, your chief champion who has done already what barack obama has done and you say he's a socialist? i'm just asking. >> i'll let governor -- romney's not the nominee of our party. but i think if he were on this program right now, the first thing that he would talk about is the fact that as r...