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is what they see as their fundament toal problem. dona don t be surprised to see james spellering picking up larry summers job. you brought up rahm. i was going to say good segue. you ve got to watch these clips of rahm emanuel yesterday under fire on his residency from chicago from average citizens. it s let s just say, it s quite the demotion from what he was doing in the west wing. let s watch. that s your home, correct? correct. of course, that room is the kitchen? yes, very good, mr. olson. u.s. history for 200. we bought a mercury mariner. mercury what? a mercury mariner. mariner. okay. hybrid. i m a citizen of the united states. well, we all know the issue in chicago is, is he really a
you feel good about, but the big regret you sit here thinking about, boy, i hate walking away with that undone. i sort of feel like sifyus pushing the rock up the hill on our fiscal issue. we re looking at a debt-to-gdp ratio that will equal greece. we need outyear reform. i was very disappointed that the simpson/bowles proposal, which is a step in the right direction, won t solve the problem, but a major step in the right direction, was not immediately embraced by the administration and the leaders of congress and brought to the floor for passage before we left. that s what should have been done. on the upside, well, i have to be honest. i actually think doing t.a.r.p. was the most significant thing that s happened in the 5 to 10 years. we are on the verge of a cataclysmic event. and if we hadn t stepped forward as a government and done it in a bipartisan way in a short time frame, the trauma this country
it s my understanding, this really, actually handcuffs a lot of government projects to the point it actually ends up costing taxpayer money in the long run. how long n we afford to continue doing these continuing month to month budgeting? actually, we save money. because a continuing wez lue ii is based off last month s spending levels. so there s no policy, so you re continuing policy, and if the policy you spent the money under last year was not well thought, then that is a problem. but you re basically working off a freeze level, a hard freeze level. and as long as it s a clean continuing resolution, it actually saves money. senator gregg, it s obviously i know when i talked to you the other day, i thought it might be the last time i talked to you as a sitting senator, but you never know. but tell me this, give me the big regret you have in your 18 years. you know, the big accomplishment
well, it s shaping up to be a very busy day, particularly on the senate side in capitol hill. the final days of this lame-duck session upon us. the senate tries to juggle several major bills at the same time today. first, the passage of the tax cut extension. then a twofer. the s.t.a.r.t. treaty and a massive government spending bill. joining us now, republican senator, judd gregg. he s the ranking republican on the senate banking committee and he is retiring after this year. so senator gregg, i know you always are a straight talker, but i hope you re even more liberated to speak plainly this morning. let me start i should say, i m ranking on budget, not on banking. i don t want to insult richard shelby. yes, sorry. apologies for that. no problem. let s start with the s.t.a.r.t. treaty. will you vote yes for the s.t.a.r.t. treaty if it comes up this week, or will you stand with senator kyl and some who say there s not been enough time? i actually think the administratio