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Billion stimulus package. we are not heading in the right direction financially. jon: we heard the president a little more than an hour ago talking about this budget, and he made the point that some of these are problems he inherited. how do you respond that to that? >> well, he did inherit an economy in trouble, but it was his $800 billion stimulus package that has not worked. every penny of that adding to our debt, that was the largest expenditure in the history of the republic. and he can't blame that on somebody else. we supposed, republicans did, a bill that would cost half as much and cr...

Say, wendell, about this huge decifit that this budget calls for? >> reporter: jon, they say the president inherited a trillion dollars budget decifit so the projected decifit for 2011 is much higher, representing about 40 percent of the budget, they say it would have been worse without the spending freeze the president is calling for, though that only amounts to about $25 billion a year, another 65 billion or so would come from canceling the tax cuts the bush administration passed for families making more than $250,000 a year. still the national debt expected to rise an additional 8 1/2 trill...

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