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Thanks reader with reaction to secretary Geithner comments as well as joblessness and the general state of the economy.
We are proud to welcome senator Dick Durbin Democrat from Illinois along with assistant senate majority leader.
And also from Illinois congressman Don -- zillow senator Durbin will speak to -- first about the situation.
Obviously of the average American and anybody -- they're very concerned about unemployment when you hear that not only is secretary Geithner.
And any kind of positive aspect of it along with the Congressional Budget Office what goes through your mind and argue on par with what the government's doing to hopefully put it tap on the brakes to the -- Well I can tell you that the unemployment situation troubles me more than anything because I know that these are the casualties of recession.
These are families without paychecks without health insurance.
Some of them facing the loss of their homes that they save for for a lifetime.
So what the president has done is put into this recovery and reinvestment program and investment back in the United States.
To build roads and to build bridges and railroads and airports to make investment and infrastructure that creates good jobs today and a stronger economy in the future.
It hasn't reached a full -- that -- it didn't take some time to do it.
The alternative was to do nothing in the situation today would be -- worse.
But senator Durbin this does come at a tremendous cost and as I'm sure you saw today that the British pound was downgraded primarily because they're spending.
Way beyond their means the countries taking a huge hit a lot of people wonder whether.
We have overspent as well and we might take the same kind of hit.
If you don't infuse money into the economy.
To make up for the loss and consumer demand.
You're not going to be able to maintain employment.
As more and more people face unemployment they pay less in taxes and our deficit situation goes it gets even worse.
So we had no choice we can -- stand by the sidelines and say a little prayer or we can actively go on the field and try to address the problem the president did that.
I think it was right approach.
Okay so let's talk about what's going on right now and what we can do to make sure that it doesn't happen again I was moderating a panel yesterday at Columbia University with.
The law school dean of UC Berkeley and David -- Christina -- Sussman who is an economics professor.
Both of them said.
That they are very concerned and they do feel that the administration is making at least efforts and gains but again.
You've got Americans who -- looking at their taxpayer dollars and that budget deficit going forward.
That is just this gigantic bought a huge mouth.
That looks like more money is being pushed into it helps us feel better about them.
Well let me tell you why should feel better this president's getting down to basics he understands we're gonna turn this economy around and our deficit around.
We have to address health care cost.
That's the highest article on his agenda.
In terms of congressional election.
He's calling for change when it comes to energy's future in America so we can create good clean energy jobs reduce our dependence on foreign oil.
And reduce the problems of global warming.
These are long term investments that will bring down the cost of our dependence on foreign oil.
And health care costs out of control.
The administration is focused on those as our highest priorities for the rest of the year.
Well senator -- -- Californians.
Had a chance this week to vote for either more spending or at least increase in taxes.
Or to cut the taxes and tell the politicians get off your Duff and start saving money -- Tim Geithner said today.
As we begin work -- the budget for 2011 treasury has prepared itself for more rigorous assessment of its spending.
Where is the evidence that there is really significant not the hundred million that were talking about the billions and billions of dollars of savings.
That that voters are depending on you people to cut.
Well I can tell you that not only the size of government.
But also the function of government is going to change as the president reaches its goal of cutting this deficit in half during his first four years.
And I really get back to the bottom line here.
We've got to go after health care cost when you look at that ramp up and health care cost if we can start to did that -- just a little bit.
Dramatic positive savings come our way that's what we have to do and we need to engage everybody business labor.
People in the government to try to find the right solution to guarantee quality affordable health care in America.
Senator Dick Durbin Democrat from Illinois thank you for coming on the program great perspective we appreciated we must come back.
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