had two wars he we didn t pay for. a prescription drug plan we didn t pay for. two tax cuts that we did not pay for. and the result was, a burgeoning debt. then what ended up happening was because of the recession and lack of regulation on wall street, this wrenching recession meant less tax revenues coming in and more going out because we were providing help it states to make sure that teachers and police officers and firefighters weren t laid off. and it make sure that we could help small businesses and put people back to work. so we ve got a genuine problem with deficits and debt. but here again is the good news if everybody is willing to make some modest sacrifices, this problem, he can could solve. we could solve it tomorrow. we could solve it next week, if the speaker of the house had taken the bargain that he and i were talking about, we would have had it solved last month.
bipartisan hire act which helps cut taxes for those that do add employees. we have expanded, we ve given states more money to insure that things like teachers and firefighters weren t laid off. we ve expanded and continued unemployment insurance, and the small business bill has passed the house. so i, you know, look, we will continue to look at and take steps that are, as i talked about on monday, that are targeted in nature to help continue the recovery and to help create an environment where the private sector is adding jobs. i think we are all aware of the steps that have been taken. what dr. romer seems to be saying here is that a lot more spending is to come to make this economic recovery again, i d point you to what the president said on monday. i don t, i don t think that is, i don t think that is i think, again, i d point you to what the president said as ideas that are being looked at.