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$19 billion in january and turn around and about $23 billion back in over the next two years. and the third is it changes the focus. not dramatically, but in a tiny way from the annual spending by congress to the permanent programs that are really driving the spending and the budget problems, that's a step in the right direction. >> so in other words to deal with medicare, to deal with medicaid, to deal with social security, which many people say that's what's really driving our long-term problems. they now have sort of put aside the short-term problems which is what is the budget going to be ...

The third is, it changes the focus, not in a dramatic way, but in a tiny way to the annual spending by congress to the permanent programs that are driving the spending and the budget problems. that's a step in the right direction. >> in other words, to deal with medicare, to deal with medicaid, to deal with social security which many people say that's what's really driving our long-term problems. they've put aside the short term problems which is what's the budget going to be for the next year and have room in their schedules to deal with the long-term problems. >> absolutely. among those prob...

Quite frankly, penalize them for the larger structural things that are happening within our economy. even though it's not their fault like steve rattner said. i think that is a bigger, critical question and like a soul searching moment we should be having around this. >> the mayor did say over the weekend that he had not said no, nor had he said yes for a federal bailout so we will see what happens there. chip, you heard how congressman conyers was worried that this bankruptcy results in slashing pension payments to people those who may not be making a lot. are republicans perhaps teeing this ...

Was established only on the back of social security's constitutionality, which ultimately became francis perkins' biggest challenge in writing that law. she and her team of lawyers and legislative experts couldn't come up with a constitutional justification for a national government administered pension program. in that same speech you heard, which was given when she was 82 years old, she told the story, the amazing story, of how she personal secured the constitutionality of social security. this for me is the stuff of absolutely delicious washington oral history. it takes place at a social ri...

After all he's done nothing conservative over the last four years, nothing other than declaring war over extreme government bosses, fighting for education reform and spending less on this year's budget than corzine spent on his budget. and keeping afloat the pension program, health program by eliminating colas, increasing employee contributions. the guy has done everything. he also cut business taxes by $2.6 billion. over 100,000 new jobs in his one state over the past year or two. he's the first pro-life governor. that's important to a lot of people at cpac, in new jersey, since roe v. wade w...