wall street person. you're taxing the engine of economic growth, small businesses. if you took all of the income from every millionaire in america today it would run the government for about four months. second i had a better idea. in stead of tax increases why don't we stop subsidizing wealthy people. let's go off the corporate welfare in the tax code, in the spending, and why don't we income adjust our spending programs so we don't subsidize wealthy people as much. i think that's a better idea, get more savings in the budget,

congressman from wisconsin, chairman of the house budget committee, paul ryan, who was good enough to drive down from southern wisconsin, in your district, to here in chicago. making it a big day for us. thank you. >> welcome. >> thank you very much. let's talk about news now. the state of this economy is such that the fed chairman this week, bernanke, warned that the recovery is, quote, close to faltering. bottom line here, all the argument in washington, what of this jobs bill the president wants can actually become law? >> well, what's concerning about it is he put ideas in this jobs bill that have already proven to fail. instead of trying to get compromise, he's embracing conflict. he's running around the country campaigning on a bill that he knows won't pass. can't even get it out of the senate right now. rather than working with us on ideas that we agree on that will actually pep >> so like what? >> in his speech he said let's do business tax reform and trade agreements. great,...