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Foreclose, if prices go down significantly from here. >> let me move on. i want to talk about the deficit and i also want to talk about taxes. here are the deficit projections from the president's 2011 budget and the numbers are, frankly, staggering. if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? >> oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic ...

How serious is this secretary paulson, assuming also the ten-year projections are often wrong? >> i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues, areminor compared to that. and it's a generational issue because there's no way we're going to deal effectively with the deficit without reforming the entitlement programs, medicare, medicaid, social security. and it doesn't have to be a crisis. this is something that can be handled, but one of the things that i talk about in my book, one of the lessons that jus...