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President. >> we are used to these verbal tantrums from the president. >> that was a verbal tantrum? >> i would think so. look at it this way. we propose to increase spending from $3.6 trillion a year to $4.9 trillion a year instead of the president's $5 trillion. we are saying don't increase spending as fast as he is but bring it to a more sustainable level. we have a debt crisis coming. the people who get hurt the worst are those who need it the most. if we have a debt crisis, we have an ugly episode. we are putting solutions on the table to prevent this to get back to prosperity to grow the...

It's psychologically important. when you look at the other countries, greece, ice land, italy, ireland, do they sound familiar? they should. greece, ice land, ireland, italy, they all got bailed out and are dragging down europe. >> so i have this sinking suspicion that the candidates are going to jump all over this. >> what got it to this point, some of it is habit, too much spending, circumstance, the recession. when you look at what happened in the early part of the decade, they reduced revenue while war on terrorism, those increase spending and it was all financed

Somebody has to point out your record. >>y in, i think i have an opportunity to respond here. i've convinced a lot of people of it because my record is actually pretty darn good. i supported and voted official a balanced budget amendment, the line item veto. i used to keep track when i was in the united states senate of all the democratic amendments. and all amendments that increase spending. i put on the board something called a spendometer. if you look at my spending record and take a look at the spending groups iwas rated at the top or near the top every single year. i go back to the point....

Spending. there's only been a couple of appropriations bills i've voted for in the past 24, 26 years i've been in washington. so you are a big spender. that's all there is to it. you are a big government conservative. and you don't vote for right to work and these very important things, and that's what weakens the economy. so to say you are a conservative, i think is a stretch but you've convinced a lot of people of it. somebody has to point out your record. >>y in, i think i have an opportunity to respond here. i've convinced a lot of people of it because my record is actually pretty darn goo...

>> i have decided to sand aside. >> and now, everything is different. >> what do we need to do as a country to get back on the right track? >> can anyone overtake mitt romney as he tries to close in and seal the nomination. can rick santorum build on his stunning iowa success? is time running out for these candidates to catch the front-runner? save their campaigns? >> we've got some tough decisions to make. >> we are going to take america back. >> believe me, this moment sum going to continue. >> the voting has begun. the stakes couldn't be any higher. n tonight, we put them all to t...