that we need to bring it down over the next ten years to 15 years. what s imperative at the moment is to get the economy out of the recession, and the reason it is still in recession is that we don t have enough spending. as we talked about before, the investors won t spend on investment. they ve already got more capacity than they need. consumers are still worried, they re not spending. government is the only actor on the scene with capacity to spend. and it has so many essential things it should be doing. roads are worn out, bridges collapsing, dikes about to collapse that will in undate cities below them. there are lots of things we should be spending on now. the deficit is a problem for months and years after the economy is back at full unemployment. what about the idea the republicans proposed about $61 billion worth of spending cuts. as you say, the deficit is not a made up problem, it is worth thinking about that for the long run.
it s a long run problem. the problem with the deficit is we need to bring it down over the next 10 years to 15 years. what s imperative at the moment is to get the economy out of the recession and the reason it s in the recession is we don t have enough spending women talked about this before. the investors won t spend on investment. they have more capacity than they need. consumers are worriyed. they are not spending. government is the only actor on the scene with the capacity to spend it has so many essential thing that is it should be doing. roads are worn out and dikes are about to collapse and they will inunidate cities below them. lots of things we should be spending on. the deficit is a problem for the months and years after the economy is back in full employment. what about the idea that the republicans in the house proposed about $61 billion worth of spending cuts. as you say the deficit is not a
those tanks. greta: how many tanks are there? 25 tanks over there. greta: do they have special protection? they got all kinds of leak preventer alarms. also dikes, you know containment, if one of those tanks ruptured it will stay inside this containment. there s enough containment to hold one of those tanks completely rupturing. greta: where are we? right now we are in valdez narrows. mid rock, that s middle rock this is the narrowest part of valdez narrow growth tanker has to go through this narrow part. to get out to sea, still another 65 miles to go. that s the glacier and that
from there pumped up into those tanks. greta: how many tanks are there? 25 tanks over there. greta: do they have special protection? they got all kinds of leak preventer alarms. also dikes, you know containment, if one of those tanks ruptured it will stay inside this containment. there s enough containment to hold one of those tanks completely rupturing. greta: where are we? right now we are in valdez narrows. mid rock, that s middle rock this is the narrowest part of valdez narrow growth tanker has to go through this narrow part. to get out to sea, still another 65 miles to go. that s the glacier and that
never had water this high. reporter: rural caladonia and nearby portage are shielded by a 14-mile levee system which includes several dikes built over 100 years ago, mainly of sand. as water began to bubble up, emergency workers began sandbagging though some portions of the levee are so saturated they re in danger of collapse. but there is some good news. the river is expected to hold steady through tuesday then slowly decline over the next few days. forecasters expect a dry week ahead though a flood warning remains in effect. alex stone, abc news. flooding has forced a south dakota farmer to carve out a unique way to harvest his crops. jerry ward s pumpkins are under water so he is using a jet ski to collect them. one by one they are put on dry ground. jerry said if he waited another day the whole crop would have rotted. thousands of people are without power this morning in southern california after a day