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Christie reaches out across the aisle and gets bipartisan compromise to pass a tough, accountable pension reform bill. no longer would it be the case that profligate liberals in new jersey would be stealing from the future to pay off the big public sector unions now. that was the thing that made chris christie a darling in the eyes of national republicans. made the wall street donor class swoon. that was his defining thing. but that was then. here's the news now. you'll never guess what's happening new jersey. mr. fiscal probity is overseeing more than $800 million budget shortfall. that's $80...

The deficit, added to unemployment. this is one of the things that is so frustrating, i think, about the rationale behind the economic deniers that in the name of fiscal probity, they are insisting that we engage in a process with unknowable consequences except that they are all severe and negative, that in all cases would add to our deficits. if the cost of borrowing goes up for the united states, it hits families across the country. it also hits the united states and that adds to our deficits. if economic growth slows or we go into a recession, revenues are down, unemployment goes up, more p...

United states third, 93.6%. richard quest, does the united states have the same underlying problem that is causing the crisis in greece and perhaps in portugal, spain and italy as well? >> that is a wonderful question, john, and it ranks along side when did you stop beating your wife? because as you will be acquire, question, the united states has exactly the same problem, but at the same time, it is a totally different scenario forth simple reason the debt is longer term, the economy is much more agile it is much greater deregulated. i think you have got to put it in perspective of being all ...