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Was 9.5 in july. is the stimulus really helping to create jobs and boost the economy. we'll have a fair and balanced debate. >> with us is the chief analyst for money press and connecticut independent candidate warep moser. >> thank you. >> warren. let me start wu. you support federal spending programs despite the deficit and believe they create jobs, why? >> my first proposal is for a full pay roll tax holiday which is a tax cut for individual and businesses that restore spending power. someone making 50,000 a year would see. >> you want federal spend cutting taxes? >> we need a larger defici...

But the big message is this is a huge bill, democrats scrambled to pass this, they did get republican senators' support, including the main senators, to back it. that's why the house has come back and this is going to be a big balance, a hodgist -- logistical nightmare because republicans in the house will vote no. bill: it's aid for teacher, money for teachers and medicaid but you said it's paid for, that must mean they're cutting something else out. like what? >> food stamps. this was a stimulus provision that will be cut. it hasn't gone into effect yet as far as what they are cuting in this...

What they say are endless spending programs and failure to create more jobs. steve, who are the two senators and what are their main concerns here. >> reporter: senator coburn of oklahoma and john mccain releasing summertime blues. it's a report that talks about a hundred different sometime plus projects that were either wasteful, unnecessary or poorly managed. the bottom line for these senators is that the stimulus package was supposed to recrate jobs, here is john mccain on that. >> it does not create jobs. the stimulus package was supposed to create jobs. >> reporter: well that was short ok...

And congressman. they don't want to use to pay back for the treasury, they want it for new spending programs. >> neil: you said as soon as the money spigot opened it was not going for what it was intended. right. >> neil: here we are with a lot of money that could could best wasted and a bait and switch on tax cuts but republicans want to do something on the small business thing. they want to strike a deal. where will they find the common ground? there. they will probably pass the nickel and dime tax cut and the president will have a signing ceremony and say look what i've done for small busin...

Leaders of the global nations that aspire like iran to human perfectiones oh, paul. and the house of representatives has just passed the war spending bill with a tally of 308-114 so troops in iraq and afghanistan will soon receive their long awaited money and there is funding for the 30,000 troop surge in afghanistan. both the house of representatives and the senate approved early versions of the legislation but after the first senate bill the house tacked on dozens of extra domestic spending programs that hiked the final price. we told you yesterday the website wikileaks spoked pakistan's aid...