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They would come back and learn a lesson. we are seeing it now but the districts are so safe here it's very hard. the ship moves slowly in california. >> glenn, you can get institutionalized class warfa warfare. we saw it in oklahoma where they supported dramatic increase in personal income tax rate and corporate rate to pay for social programs. to them it was don't tax me, tax the guy behind the tree. as long as you have a system that allows that -- and california's referendum system allows that in spades. year in and year out. they've been able to pass massive spending programs. and pay for i...

Flat-out are not going to ever agree? >> mary, 95% of the american people, as the president said, no one has disputed this, 95% of the american people have already received a tax cut from this president with the stimulus package, something that the republicans, you know, support the president putting in the package and then voted against it. i think it's important we give the president some credit for some of the efforts he's already put forward on the table and see if republicans can meet him halfway on some of the other spending programs. >> guys, we'll leave it on that note and see if the p...

There. >> it's kind of like a runaway credit card, as you saw with lisa's numbers before. we were looking into this. in ten years, the number lisa was talking about, we will spend almost as much money as the interest on our debt as we do on our entire national security budget, wolf. imagine that? as much on the interest as we spend on national security. so something has to give here. this is completely unsustainable. i think people are realizing this as they see the numbers that lisa was pointing out, but you have to have the political will, and that's a big thing, to get something done on tho...

Because if the hard earned tax dollars can be treated like monopoly money. >> the president is going to have to be consistent and clear. he can't spend big part of his state of the union talking about more spending programs and then say that we're -- we have got a serious deficit problem. >> bret: the president, the administration submitted a 3. trillion-dollar budget proposal to congress today. that means the proposal has it at $1.6 trillion deficits for the following year. here is a quick breakdown of the numbers. the receipts are taxes are scheduled to rise from 14.8% of the gross domestic ...

Ready to start hiring. unemployment still in double digits and we find out on friday, the big number for the street, january unemployment, if it stays as expected little chance the buyers will get working soon. also next week, the president's budget is out with a nearly 4 billion dollars price tag, which could be another worry for wall street. especially since one of the biggest spending programs of late is getting a huge thumbs down from its top cop, the watch dog of tarp lashed out with harsh criticism, saying the 700 billion bucks bailout of failing banks, car companies and mortgage firms e...