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Human capital laying idle -- >> medicare and medicaid are structural. >> i agree, medicare and medicaid are structural. i agree. that doesn't mean the entirety of new jersey's fiscal gap is a structural problem. a huge part of it is cyclical. let me just say, when the banks were in trouble in a cyclical sense we came in and lent them trillions of dollars of money at 0%. because we said, you can get through this. right? we said you are so important to our economy, we will not let you fail. if we looked at the states the way we look at the banks, think about what we'd be doing. if new jersey, il...

When you sit in that seat giving a response, it's a friend, you're crossing your fingers and going, god, please, no bobby jindal moments. i think paul did okay. how was his message different than the president's? >> it was substantially different. i mean the two pressing questions at our time is how are we going to create more jobs, what are we going to do about the huge fiscal gap, which is spending driven. paul ryan put a solution the table. you may not like his solution. but at least he's led. we all know america is frankly in a spending trajectory that will bankrupt the next generation, th...

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