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Today where someone responded in the crowd when the president was talking about health care, they said, my daughter has health care now. in terms of cyclical issues, where we are in the recovery right now. we have the deficit falling at a record rate. i've been confused on whether the white house thinks that's a good thing or a bad thing. is it good the deficit's falling or is the fact the deficit is falling largely because of austerity opposed to full employment and recovery? >> when we came into office, we had historic deficits. almost 10% of gdp over $10 trillion. it is good that we have br...

Today where someone responded in the crowd when the president was talking about health care, they said, my daughter has health care now. in terms of cyclical issues, where we are in the recovery right now. we have the deficit falling at a record rate. i've been confused on whether the white house thinks that's a good thing or a bad thing. is it good the deficit's falling or is the fact the deficit is falling largely because of austerity opposed to full employment and recovery? >> when we came into office, we had historic deficits. almost 10% of gdp over $10 trillion. it is good that we have br...

Term when your addressing our long term challenges. in the immediate term, you invest more in infrastructure, in fixing deferred marnt nens. and you, of course, make sure we have room to invest in things that matter. what the house republicans are doing is they turn all of that on its head. they do nothing with the sequester to deal with the long term. they freeze the investments we need in education and research that are critical to our future. and then at the same time, they do a contraction airy policy that the independent cvo believes is costing our economy 750,000 jobs. so -- >> gene, let...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.