>> i don't think we can run deficits forever. that's where we disagree. where the president and i disagree. they think they can run deficits forever. tlafrs there's a component expe and grandchildren to pay back? if you want to raise that money, why should god, the democrats won't raise money for spending. republicans won't do that either. so this is a multi-party problem. >> in terms of where i come from i'm happy to see taxes go up. is it immoral or bad policy to borrow.? we have a $600 deficit with this? you got to come up with $600 billion in cuts. what do you want to cut that will come up to $600 billion? >> actually, if we cut 1% a year for the next six years we'd actually be in balance. it's a pity plan. the budgets we're talking about now are what they call this