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That much in spending cuts if we're going to raise the debt ceiling by that amount. where do you find $2.4 trillion? >> well, it's got to be over a long term, but we have to address entitlements. we had a significant discussion about addressing entitlements, generally and philosophically. i think we do agree without addressing into it elements, we can't get to those kind of cuts. the president said he had put his offer on the table, his proposal is $2 trillion in cuts and $1 trillion he would find in revenue generation by closing loopholes on the current tax law. you know, i think we've reject...

An opportunity to express concerns that we had surrounding the current situation in the economy, adp issued a report today estimating that private sector job creation amounted to 38,000 new jobs in may. woefully short of the amount needed for us to see this economy get back on track and people get back to work. you know, i said to the president today, it's really important for us to focus on growth in this economy. the fiscal house in order surrounding the debt limit vote, very, very important for us to look at growth as part of the fix. we can bring the deficit down through added jobs, but we...

Americans has been proud to pass on a better country to the next generation, and yet for a lot of americans right now there's a question in their gut as to whether or not our children and our grandchildren are going to have more opportunities. and the foundation that we lay for them is so important, and we can't take for granted that we're just going to continue to have that strong foundation from which opportunity and innovation and ingenuity take place. our tax policy matters, our debt matters, our energy policy matters. and whether it was our vote last night on the debt ceiling or the conve...

We know what the problems is. let's not you kick the can downe road one more time. now's the time to deal with it. >> [inaudible] jenna: members of the house leadership team and others speaking about the meeting that just happened with the president and the house republican conference. you might have just heard that that final question, what's the point of this meeting, was asked john boehner, and he said it's so we can communicate directly with the president. senator evan bayh was with husband just moments ago. unfortunately, he had to leave without being able to react to some of this news co...

So it almost takes that sense of crisis -- it should not take a sense of crisis, but it almost takes that for them to go back to the two bases and say we didn't want to give an inch but the economy is about to creator if we don't do something so, what do you expect, in the meantime, the vast majority of viewers who are independent are throwing up their hands and say neither party knows what they're doing. jenna: some democrats have said that the president hasn't taken a strong enough role and without knowing the white house's position on the spending cuts, there's no hope of a compromise. what...