spending or existing entitlement programs. what we re saying is governors are actually proving with results that conservative policies work on the ground, we re doing education reform. on the ground we re creating private sector jobs, cutting government spending. we want to take back the republican brand. for too long we outsourced it to washington. we have 30 republican governors doing a great job across the country. the important discussions aren t happening in d.c. i would say the president hasn t shown real leadership. where is the debate about the changes we all know need to happen in entitlement programs? he hasn t even projected yet one budget where we stop spending more than we take in the short term, medium term, long term. this isn t sustainable. all they do it seems is fight about the symptoms, not the root causes. today it s the fiscal debate, tomorrow it will be the fiscal cliff, the debt cliff. there will be another crisis tomorrow. governor, let s talk about health car
idea, look at the data. this is about what this economy s doing right now and we need to be cognizant that this economy is running off a debt cliff. we are in an unsustainable spiral. you ll have to deal with that. if the president wants to talk about balance, start talking about balancing the budget so we re not running up more debt. this is the fundamental problem that plagues the economy over the next ten years. until he comes up with something to deal with that, we re not making real progress. i don t know how many nobel laureates are on your side but there are several who have been saying, we should be spending more money now, we can borrow at extremely low rates. paul krugman. i mean, name me nobel laureates. even if you look at the igm survey that comes out of the university of chicago, a conservative institution, they survey economists of all stripes and they all said that the stimulus worked. if you want to juice the economy now, i think it s time to consider a little more s
down the debt. that is what we have to do, get growth stimulated again and people back to work and spending restraint so that we can apply the money to paying government. that is the conversation that we need here, because the fear is that the debt cliff is doing to get loud and a lot of shouting and yelling and it is a distraction because the if we take it back to kitchen table economics, we are basically in some issues of economic crisis and still have 12 million people out of work, and we have to address that. you need a roof over your head and food on the table, and some form of transportation. you can find the money by cutting some spending, but you to make more money, and that you have to do before you can pay the credit card bills or managing the debt. so you have to bring in the growth, and the debt will go away are the that. and if we make the kitchen table analogy, it is true that the families don t take food out of the mouths of the elderly or the kids to pay the debt. t
we can start to make decisions. i don t see how a businessman would have any idea what is going to happen as a result of what is happening here or go what is going to happen to the debt ceiling. i think president obama outmaneuvered congressional republicans which maybe isn t that hard sometimes. he can t outmaneuver reality. this deal does nothing toimulad irresponsibly cuts defense. that is reality. we will pay a terrible price as a country. he is the only president we have. this is a terrible failure of leadership. he is the president and the truth is the speaker can t do it. the minority or majority leader of the senate can t do it. he has to be serious about dealing with reality and reality is the real cliff which is a debt cliff and monetary cliff and up worried a foreign policy cliff and not merely the little fiscal cliff we have to deal with january 1. chris: panel, we have to take a break here. we we come back, our panel dusts off the crystal ball and
are the chinese overtaking us? what s the debt cliff going to look like two, three months from now? is the dollar going to be trash? are we going to look like california? are we going to look like greece? there are so many questions in 2012 that we didn t have in 1980. we re in a recession in 1980, things were bleak, but the gun wasn t to our head like it is economically right now. and when that question is not being answered by the president of the united states, a lot of people go, well, i guess i ll try the other guy. well, the points we made a couple times this morning that romney did a lot of obama allowed romney to and he did a lot to make himself a more acceptable alternative in that first debate. one of the things the president s tale, in the earlier construct of this race, we had the romney team wanting this to