large budget deficits. then it s only right that we ask everyone to pay their fair share. last week, speaker of the house, john boehner, gave a speech about the economy and to his credit, made the point we can t afford the kind of politics that says it s my way or the highway. i was encouraged by that. here s the problem. in the same speech, he also came out against any plan to cut the deficit that includes any additional revenues whatsoever. he said, i m quoting him, there is only one option. and that option and only option relies entirely on cuts. that means slashing education, surrendvey rendering the researo keep america s technology edge and allows our highway, bridges and airports to get worse. it would cripple our come
of deficit and debt reduction. there was a little bit. but what he opened up with is what america wants us to focus on right now is the jobs deficit. with great urgency. that doesn t mean that you don t plot a path to fiscal sustainability in the medium and long-term. but here is an important point, reverend. i want to get this on the record. if you eliminate temporary jobs programs, whether it is a tax hol hol day, unemployment insurance, and i have a lot of ideas that could help a place like new york city, if you make these programs temporary that last a year or two, no impact at all on the median deficit. anyone who says other wileyes doesn t know the numbers. that s what the economy so urgently needs right now. that s what is important for people to understand. you re not talking about increasing the deficit to give some kind of immediate short term jobs program.
votes. there s still a long way to go on this, matt. luke russert dissecting the three dem mentiimensional hill. let s turn to chad bernstein and peter morici, former chief economist, he s now a professor at the university of maryland smith school of business. welcome, gentlemen. jared, let me start with you. you ve been in the room. you were at the white house. this is a terrible, terrible report. i know you blogged on that today. don t jobs need to be the overwhelming priority. absolutely. i think one of the things i said is i think a lot of americans are probably looking at washington right now saying, glad you guys are really focused on something, but i m not sure it s the right thing. obviously, we need to have a path to a sustainable, fiscal budget, but right now what looms so large for so many americans in the broad middle class is the jobs deficit. it s paychecks and it s jobs,
obama s birth certificate to talk about jobs with my colleague savannah guthrie. take a look. would you raise taxes to attack the deficit? i don t think you have to. let me just tell you. if we get this economy going again, and we can do it by getting jobs, by bringing our jobs back. bringing them back. worry about themselves. wow. did you hear that? i mean, i haven t heard a republican candidate even mention bringing jobs back to america. now we re not job creation. there s a difference here. bringing jobs back to america. the trumpster laid out his plan to squeeze china. my policy is very, very simple. i would tell china very nicely, fellas, you re my friend. i like you very much. i ve made a lot of money with china, by the way. a lot of money with china. i would say we are going to put a 25% tax on all your products coming in and that s going to do a number of things. number one, as soon as they
consumer confidence fell. first time home buyer tax credit. you look out across the thing that is we touch and feel as consumers and all started to deteriorate over the past quarter. you have to remember the big new thing that has happened is we ve seen anxiety in europe. we have seen the sovereign debt concerns and the european governments responding with extreme measures. i think that is part of the reason you see the stock market anxiety. and that is right. you are not adding a lot of jobs if you think your biggest customer is not going to be doing well next year. and i was in a meeting with speaker of the house and her chairs of committees a couple of months ago, and they were focused on the jobs deficit. we have to address the ten