economies of all of europe, shep. so it s really, really, really big number. shep: lot of money. gerri willis from fox business, thanks very much. live from the business news room in new york city. chris wallace is with us. that s a big number and both sides say they have a plan to fix it. but nobody gives specifics on either side. after the president says he will on thursday night, but i haven t heard anything really. no. it really is a failure on both sides. in fact, one of the questions i asked david axelrod on fox news sunday is when does the president, according to his budget plan, balance the budget? it was kind of a trick question because i knew the answer. never. and even paul ryan for all the talk about balancing the budget, he doesn t do it til 2030 or 2040. so nobody for all the talk about budget cutting, neither is really addressing this huge and growing problem with the country. shep: they re not because those questions require answers that people don t want to he
microphones now, getting ready for the big convention start tonight. in 2004, a little-known state senator started his climb to the top with a keynote address in boston. a political milestone recalled by his fellow illinois senator, dick durbin, when he nominated him in denver four years ago. four years ago in boston, i introduced a friend, an illinois state senator most people had never heard of, with a name most people couldn t pronounce. 30 minutes later, barack obama s keynote address had changed politics in america. touching the hearts and inspiring the dreams of a nation. tonight, barack obama will accept our nomination to be president of the united states of america. four years later, on thursday night, senator durbin will be introducing president obama one more time. joining me now, of course,
truth to everyone in the building and on tv that the mess in washington, dc, has been created, in part, by both parties. we are . you would imagine that is part of the reason he chose paul ryan? paul ryan goes to the heart of the federal budget mess. that s his strength. we still don t know totally whether that will turn out well. whether, in debating medicare, whether that is something we can win on, but we now are doing it. he has to sell that, too, on thursday night, that it all is part of a package. we fix the federal budget, fix the debt problem, and that will fix our economy and grow new jobs in our country. i have 45 seconds which means 15 seconds for each of you. pat, what you wrote do today is to control the definition of the election. how do you define that? pat: right now, the question is, whether, the obama campaign
agree with your politics and opened fire. i think that would have been a major news story. you mentioned the coverage thursday night or wednesday night. on thursday night, only abc followed up. cbs and nbc with the few seconds of coverage that wednesday were done with the story. they didn t see anything there. compare this to when you have incidents where like the gabby giffords shooting last year where conservatives were falsely implicated. you had a national conversation about how conservative rhetoric was out of control. even though that had nothing to do with anything. 55 stories on abc, cbs and nbc in the first five days. 80% of the discussion of that was blaming conservative rhetoric. this is a story where they don t see a theme to follow. they don t see something to follow up with. so it s a nonstory. juan: why don t they see something to follow up with? rich, i don t care if you are a liberal or conservative. the idea of people walking in with guns to attack people that
agree with your politics and opened fire. i think that would have been a major news story. you mentioned the coverage thursday night or wednesday night. on thursday night, only abc followed up. cbs and nbc with the few seconds of coverage that wednesday were done with the story. they didn t see anything there. compare this to when you have incidents where like the gabby giffords shooting last year where conservatives were falsely implicated. you had a national conversation about how conservative rhetoric was out of control. even though that had nothing to do with anything. 55 stories on abc, cbs and nbc in the first five days. 80% of the discussion of that was blaming conservative rhetoric. this is a story where they don t see a theme to follow. they don t see something to follow up with. so it s a nonstory. juan: why don t they see something to follow up with? rich, i don t care if you are a liberal or conservative. the idea of people walking in with guns to attack people that