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Appropriately for the fact we had big def sitsz. but his deficits are three times larger. bit end of his first term, his only term [ cheers and applause ] he is on track to amass almost as much public debt as all of prior presidents combined. this is a failed presidency. i remember after he got inaugurated and he said to the commentator, look, if i can t get this economy turned around in three years, i will look at a one-term proposition. well, i m here to collect. we re taking it back. [ cheers and applause ] i happen to think if you want to create jobs, it helps to have had a job. and i have. and i want to use that ....
than 50 cars set ablaze since friday. los angeles police announce arrests. i m wolf blitzer, you re in the situation room. we re counting down the hours to the first voting of the 2012 presidential campaign. 28 hours to be precise, until iowa republicans gather at more than 1700 locations for their party caucuses and start picking their favorites. candidates have spent millions of dollars, logged many thousands of miles in this long iowa marathon. now it s a sprint. as they dash across the state looking for the last few votes. mitt romney is at the head of the pack trying to hold back ron paul and a hard charging rick santorum. let s go live to cnn joe johns joining us from marion iowa right now with the latest. joe? wolf, mitt romney is pushing across the state traveling hundreds of miles. certainly one of the busiest days of his entire campaign. he is trying to get his supporters to go out and caucus for him. on the final day of campaigning, energy is everything ....
you re looking at live picture from the united nations. where all eyes right now are on this year s general assembly. president obama and the first lady, michele bachmann, expected to arrive in new york only minutes from now. at issue for the united states and much of the world this week, a showdown over the middle east. the palestinian authority president vowing to submit a formal application for statehood to the united nation s security council. it could have serious implications for the u.s. relationships with iz real and the arab world. much more on this part of the story coming up. let s get to the president s plan it slash trillions of dollars through the national debt. a plan he says will do the right thing. either we ask the wealthiest americanes it pay their fair share of taxes or asking seniors to pay more thor medicare. we can t afford do both. either we gut education and medical research or we ve got to reform the tax code so that most profitable corpora ....
Middle of crisis? are we going to play this kind of political game? well, i listened to the tape that you showed your audience. and i didn t hear eric say some sort of dollar for dollar. what i did hear him say is this aught to be done in the context of getting the huge trillion dollar deficits under control so we have money not only for disaster relief but for all kinds worth while programs. and if we don t have some accountability on def sitsz, over time we can get it, at some point in the near future we won t have money for anything. i think we definitely got to deal with the deficits and you know there s a lot of ways to deal with it. we can start by letting the bush tax cuts expire. but by will get to that. let me ask you this, congressman lance, who is a fellow republican of yours from connecticut says he disagrees. he says we must spend the money, whatever is necessary for the emergency. ....