is absolutely essential. history makes clear the failure to achieve fiscal sustainability will over time sap the nation's economic vitality, reduce our living standards, and greatly increase the risk of economic and financial instability. the federal budget appears set to remain on an unsustainable path. bill: so what do we do now and what was talked about that room on day one? congressman david kamp out of michigan was there, he's here now, the ranking republican on the house ways and means committee. sir, welcome to "america's newsroom". you put out a statement yesterday of strong language, and one of the things you said, we have not one decifit to close but two, a budget decifit and a public trust decifit. that's saying a lot. what was the primary suggestion that was in that room yesterday? >> well, it was the first meeting, and so what was i think good is there was a large agreement on the severity of the problem and the fact that we need to act now. i think that was pretty