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And you're now seeing on a whole bunch of state and local governments who were able to put off layoffs last year, as the recovery money is running out, having to make tough decisions. and we could potentially see layoffs happening this year because we haven't reupped with late and local governments. that's something we're watching and we're concerned about. now, the last third of the recovery act is what i want to talk a little more about today. that's the reason blake and doug are here. that third is about rebuilding our economy on a new and stronger foundation for growth. over the long term....

This is all under the president's economic policies. our argument is that the president's policies are bringing this about, this is why woo need to elect mitt romney president. this is why we need a senate republican majority so we can turn this stuff around and fix it before it's too late, before we become a net nation of takers instead of makers and have a debt crisis. we see two big tipping points, which will be very difficult to come from. the debt crisis, a european-like situation with a managed decline,gnant, lost decade. and a crisis of more and more people seeing the government as a pr...

He raised the debt $5 trillion in five years. they are proposing far more debt increases in the next five years. >> all right. your job, basically, you immerse yourself, day in and day out in numbers. we keep hearing that social security's going bankrupt and medicare is going bankrupt. you kind of scared me the last time you were on this program because you said that we have basically 2 to 3 years before the bond markets abandon us. meaning that they will not feel comfortable lending the u.s. money any longer. do you still stand by that? and what specifically did you mean? >> yeah. so this isn...

He raised the debt $5 trillion in five years. they are proposing far more debt increases in the next five years. >> all right. your job, basically, you immerse yourself, day in and day out in numbers. we keep hearing that social security's going bankrupt and medicare is going bankrupt. you kind of scared me the last time you were on this program because you said that we have basically 2 to 3 years before the bond markets abandon us. meaning that they will not feel comfortable lending the u.s. money any longer. do you still stand by that? and what specifically did you mean? >> yeah. so this isn...

The american people. they want to see government spending brought under control. they want to see job growth again. the way we do that, we stand for entrepreneurialism and free enterprise. look, let's face it, we are in control of the house. we're blocking things that would be harmful to business growth. trying to get going on an agenda, we need help in the senate and we need help in the white house. we are going to be embarking upon the next 10 weeks of rolling back regulations that the obama administration is putting into place that is going to harm job growth. we are also to be advocating f...