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Are the jobs that communities depend on. anyone with a kid in public school, i have two, knows how important it is to have teachers in front of that classroom so you don't have to keep kicking up the class size to deal with the layoffs. that would have made a ton of sense. i just want to the say a word about the idea of compromise. i appreciate what allen simpson said there. i think what would help the economy is if republicans and democrats get together and figure out this issue with the fiscal cliff, the increase in taxes and automatic spending cutting, the debt ceiling will all hurt the eco...

Might be president. >> erin, let me ask you this -- you have been on the road, through the whole primary season, just about, and the move to the right has been so extreme, president obama said yesterday this about ronald reagan and this present party. look at this. >> ronald reagan, who, as i recall, is is not accused of being a tax and spend socialist, understood repeatedly that when the deficit started to get out of control, that for him to make a deal, he would have to propose both spending cutting and tax increases. did it multiple times. he could not get through a republican primary today...

Whether it should break the log jam isn't clear but he offered broader range of choices than before. >> bret: more on this with the panel. thank you. a new cbs news poll shows that 71% of people polled disapproval of republican handling of the debt crisis negotiations. president obama received the most generous rating yet. 48%. still disapprove of his effort. 58% disapprove of congressional democratic efforts. joining me now with historical perspective on this, senior political analyst brit hume. >> hello, bret. 16 years ago, newly elected republican house went toe-to-toe with democratic presi...

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These numbers are unheard of when you look at it historically. there was so much talk about how much needed to be cut, line by line, we were supposed to be a tightening of belts and here we are. bill: now questions where all that money is spent. stuart varney, first the report, what does it say? >> we spent 3 trillion, $600 billion in the financial year just ended, unfortunately, we only took in $2,300,000,000,000, that means we had a decifit, again, second year running, of 1 trillion, 300 billion-dollars. now, what we do not -- there was no spending cutting, okay? spending cuts overall did no...