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You're absolutely right. this is why we need to have a legislative ban. the american people get this. they don't send people to congress anymore to see how much you can spend. they want to see how much we can save. people get we're in a bad place fiscally, and wasting money on these indefensible projects has to end. >> are you troubled that message didn't get through to the president? only mentioned deficit once in his speech. never mention edit at -- debt at all. >> there wasn't enough message about economic growth. certainly nationalment over the overspending. this president doesn't think we...

really? and maybe a bunch of billionaires as well. what many people are asking is to buy or not to buy? that is the question today. ali velshi and christine romans have very, very different opinions on whether you should buy in or not. i'm curious. do you buy? i'm on facebook. love facebook. is this going to be apple or not? >> remember, apple went sideways for a long time and almost went out of business first, right? it's more like google maybe. google went up. >> both were game changers. >> that's right. >> this is going to be history one way or the other. the way i see it, this is...

President clinton said, yes, we absolutely need to plot a course towards a stable fiscal path, but that course should be triggered by an improving economy. so you say deficit reduction doesn't kick in until the economy is generally back on its feet, generating better growth. to put an economic trigger so we don't pre-emptively start cutting and end up with the austerity kinds of problems you see in europe. >> the president has invited the leadership of the congress, both republican and democrat to come to the white house for lunch. do you expect any conversation about the economy to be product...

Think that we have to recognize that what we have fundamentally, first, is a spending problem, we are spending more as a percentage of our entire committee today, almost 25 percent, than we spent at any time since the end of world war ii and this is a spending problem, we have to built that, and we have to recognize it was driving spending, medicare, kid, social security, food stamp overstamps and if we are going to save social security and medicare we have to reform them and get them in a direction that puts us on a sustainable fiscal path. that is how we get the economy and the country back ...

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