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Other president, president reagan: john f. kennedy and the reagan connection. you are not hearing this anywhere else but you will hear it here. conservative members of congress calling for the $2.5 trillion in spending cuts and my next guest is a republican congressman campbell. that would be big and bigger than the $50 billion and $60 billion your budget committee chairman and others have been bouncing around but how do you get to $2.5 trillion figure. >>guest: it is not just one thing. there are, i think, about 60 or 70 or 80 different line items and some are $20 million and some are $7 bill...

Cuts and republican all of the republican ideas that they want to, in this pledge, you would essentially have to get rid of national parks, no more small business administration loans, no more export subsidies and no no to everything. you have to get rid of everything else. aren't the tea party activists who are behind the current movement in the republican party, aren't they say no more to this stuff? >> well, right. this is what is so important politically right now is that the tea partiers and now the house republicans are saying we have to cut spending across the board. but then they do pu...

Everybody can talk about judy blume. everyone! disblie -- from resolutions to no solutions. he held a press conference to talk about his awesome abs. no, it was about the economy. you know what that means. that's right. it is time for another edition of hello barry. tonight's specialed sew barry learns something about deficits and love. >> a few weeks ago, peter told me that after more than a year and a half of tire less, around the clock service in what is one of the toughest jobs around, he was ready to move on to a job that offers a little more sanity and fewer line items. putting a budge...

That's mr. peter orszag. peter told me in around-the-clock snervice in on of the toughest jobs around, peter is ready to move into a job that offers more sanity and fewer line items. putting a budget together for the entire federal government is an enormously difficult task, no matter what the state of the economy. but peter's job was even tougher. when we walked through the doors of the white house, we not only faced the greatest economic recession, but a $1.4 trillion deficit. a deficit of nearly not page for key policies and programs. in light of these challenges, peter accomplishments as d...

Move onto a job that offered more san a tee and fewer line items. putting a budget together for the entire government is an enormous tax. when we walked through the doors of the white house we not only faced the worst economic crisis since the great depression, we also paced a $1.3 trillion deficit, a deficit that was caused both by the recession and nearly a decade of not paying for key policies and programs. in light of these challenges, peter's accomplishments as director of omb are even more impressive. he was instrumental in helping us pass an mechanic plan that helped prevent a second de...