is absolutely essential. history makes clear the failure to achieve fiscal sustainability will over time sap the nation s economic vitality, reduce our living standards, and greatly increase the risk of economic and financial instability. the federal budget appears set to remain on an unsustainable path. bill: so what do we do now and what was talked about that room on day one? congressman david kamp out of michigan was there, he s here now, the ranking republican on the house ways and means committee. sir, welcome to america s newsroom . you put out a statement yesterday of strong language, and one of the things you said, we have not one decifit to close but two, a budget decifit and a public trust decifit. that s saying a lot. what was the primary suggestion that was in that room yesterday? well, it was the first meeting, and so what was i think good is there was a large agreement on the severity of the problem and the fact that we need to act now. i think that was pretty