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I wouldn't do a major second stimulus because i think we run a risk it could be counter productive in creating a lot of additional uncertainty and undermining confidence. but at the same time, and what i'm about to say is easy to say and very hard to do, at the same time i would try over the next six months to put in place a very serious beginning of deficit reduction that would take effect at some specified time in the future. and i would guess something like two years. so it wouldn't take effect right now, when the economy is still so vulnerable, but if you could do it and it was credible an...

Character in this trial. didn't governor blagojevich say something about you in this trial? >> you know, is vanna, on the incredible audio tapes, he denounced a lot of people from barack obama to u.s. senate candidates to some reporters and, yes, i was included in that list. >> congratulations. great. >> well, we did have -- i was curious about that and talk about the defense and gets started this week and it sounds like as much as a risk it may be, the former governor intends to take the stand. >> he has no choice. he has no choice. these tapes that the government have played, these expletive...

You know. i just felt my life was in danger. >> larry: okay. on october 13th, 2007, you're arrested by federal agents after purchasing three machine guns, two silencers, they weren't registered to you. you were already a convicted felon. didn't you realize then, i could be in big trouble for this? >> oh, absolutely. absolutely. >> larry: so why risk it, t.? >> well, to be perfectly honest with you, at the time when i felt the need to have all of these things, i never took into consideration the legalities. i only took it into consideration the protection of my life, my family's life and my >> ...

You know. i just felt my life was in danger. >> larry: okay. on october 13th, 2007, you're arrested by federal agents after purchasing three machine guns, two silencers, they weren't registered to you. you were already a convicted felon. didn't you realize then, i could be in big trouble for this? >> oh, absolutely. absolutely. >> larry: why risk it, t.? >> to be perfectly honest with you, at the time when i felt the need to have all of these things, i never took into consideration the legalities. i only took it into consideration the protection of my life, my family's life and my home. >> lar...

And that kind of caused a state of depression, paranoia. and my judgment was jaded. you know. i just felt my life was in danger. >> larry: okay. on october 13th, 2007, you're arrested by federal agents after purchasing three machine guns, two silencers, they weren't registered to you. you were already a convicted felon. didn't you realize then, i could be in big trouble for this? >> oh, absolutely. absolutely. >> larry: why risk it, t.? >> to be perfectly honest with you, at the time when i felt the need to have all of these things, i never took into consideration the legalities. i only took i...