it was because of this program that beven brothers manufacturing in east hamplen was able to rebuild after a fire ravaged their factory. they purchased new equipment and got their employees back to work because of that program. just a few months ago, i announced the third plank of our economic development strategy, an innovation eco system. the program has one goal, and that is connecting people with good and great ideas with capital investors. twill create new high-skilled jobs, jobs with good wages and jobs with good benefits in our state of connecticut. now, we're off to a good start but it is only a start. the key is making government an actedive partner rather than a bice stander who watches markets develop elsewhere. by investing in instris, by recruiting companies and by standing with our small businesses and our startups. we are taking steps to make connecticut make sure that connecticut leads again. i am proud that after a long and hard debate, we were able to say with one voice that the status quo was no longer acceptable. that when it comes to public education, we can't ke

some mild negatives that come from the higher taxes, especially the payroll tax holiday we talked beven higher income tax rates ray negative for growth. that said, this economy has been plugging along. what steve is talking about are some really dangerous things. we're heading into another standoff over the debt ceiling. we all remember how that worked out in august 2011. it hurt business confidence. it floated the possibility of a federal government default. we had a credit downgrade of the u.s. credit rating. those were all things that undermind business confidence and made 2011 a worse year than it might have been. the next round of brinksmanship of negotiations we might see that again. let's hope this is a crisper series of negotiations that aren't quite as scary for business and the economy. >> woodruff: in a word, steve own, is that something members are prepared to do? >> i see a lot more brinksmanship. i think it could get very, vur ugly. we might get-- thaeft theor they it's going to take the markets freaking out again before they come up with another deal. >> woodruff: we'll o