. >> colby? >> they hope they can grow their way out by getting the economy growing. if the economy grows, it will have some impact on the deficit. the problem is reform, entitlement reform. that is what they cannot manage to get their arms are rounded they tried last week with the commission that had the job of coming up with recommendations which would be binding. they cannot get it passed through the senate. there is a lack of political will to deal with this crucial problem. >> any light at end of this tunnel, mark? >> you talk about the president blaming the previous administration. the only president that did not do that was george washington. [laughter] note, there is a light at the end of the tunnel, but there is a light coming through that tunnel, and that is china. we cannot go on indefinitely borrowing without some imposition of policy from china. we have a double in the past eight years for and borrowers. the past eight years, and president obama is right on this, we spent on average 20% of the gross domestic product annually of the federal government, and

colby, he said, they can't get you for what you don't say. i also learned from my hero that there were other moments where words would simply fail. times when we just can't make things happen. when nothing can be done, when halla places cannot be filled, when things must come to an end. sometimes when that happens, senator mathias told me, the only thing left to do is to put your leg up on the wagon wheel and weep right along with them. when the celebration is over, when the songs have ended, the joy has subsided, the day slips into night, when the sorrow and the pain and the quiet suffering of our loss sinks in, the only thing left to be done is to lean against the wagon wheel and weep. >> i would like to add my thanks to each of you for coming today. it is a true honor to us, and to dad. i know how much it would have meant to him to see everybody here. robin colby have done a lovely job of painting a picture of dad that stands for itself. as they have noted, dad lived a large. but he also knew the importance of detail. so, i would like to f

colby, they cannot get you for what you do not say. i learned from my hero that there were other moments when words would simply fail, times when we cannot make things happen, when nothing can be done, when hollow places cannot be built, and things must come to an end. sometimes when that happens, he told me, the only thing left to do is put your leg up on the wagon wheel and weep right along with them. when the celebration is over, when the songs have ended, the joy has subsided, the date slips into night, the sorrow and pain and the cry of suffering sink in, the only thing left to be done is to lean against the wagon wheel and weep. >> i would like to add my thanks to each of you for coming today. it is a true honor to us and to dad. i know how much it would have meant to him to see everybody here. rob and colby done a lovely picture of painting thought -- done a lovely job of painting a picture of data. i would love to share some words that i came to understand work pictures -- windows into the type of person dad was an wanted to be

senator mathias said wistfully, colby, shammy's up there running through fields of clover chasing the rabbits. perhaps so. but my imagination, i too could see shammy up there romping, but i imagined him romping over to peter's place and paul's and luke's and john's, romping all over the lilies of the field. i could see him venturing into the older parts of heaven, stomping on the gardens of moses and isaiah and jeremiah, and i could imagine the emergency town hall meeting called by the saints. their conclusion? that shammy needed a place to stay, and despite the mercy shown to all god's creatures at all times, no one in the celestial palace volunteered to take shammy. thus it was decided that the time had come to call home the blue bomber. a show of hands if you know the blue bomber. a show of hands if you ever rode in the blue bomber. a show of hands if you ever requested a ride in the blue bomber. [laughter] of course you didn't. the senator just told you to get in, and you got in. for the uninformed, the blue bomber was the means by which the senator transported himself from his ho

to the left is former arizona congressman jim colby who's with the jail term marshall fund and a former member of the u.s. house. one of the speakers in the later panels. there's former congressman stenholm sitting down. and again, this event should start shortly. we'll have it for you live on c-span2. [inaudible conversations] [inaudible conversations] >> waiting for the start of the discussion on government debt and the influence of politics in the federal budget process. charlie stenholm former congressman and now the cochair for the committee for responsible federal budget. he'll start the proceedings. and we'll also hear from former comptroller general david walker, a former congressional budget director, douglas holtz aiken and others as well. the associated press is reporting that president obama defending his economic stimulus plan on its first anniversary which is this week is dispatching his cabinet across the country to try and calm anxious -- the anxious public as democrats head into potentially devastating midterm elections. president obama today will be talking about job c

jamie: thanks so much for joining us, i'm jamie colby in for jane. jon: america live with megyn kelly starts right now. melissa: thanks, guys. president obama is getting ready to talk about the economy at a town hall event out in green valley high school, henderson, nevada, is the location. discussing a new $1.5 billion initiative unveiled today aimed at helping homeowners and states hit especially hard by sharp drops in home values. part of a multistop tour as the president helps cam pay for several democratic senators, senator harry reid introducing the president moments ago. let's take a quick listen to what the president is saying. >> you know, let's face it, you know -- [laughter] but i can personally attest that harry reid is one of the toughest people i know. he does not give up, he knows what he cares about, he knows what he believes in, and he's willing to fight for it. and sometimes he takes his licks. but he gets back up. harry reid has never stopped fighting. he hasn't stopped fighting for henderson, he hasn't stopped fighting for nevada,

. >> tiger woods about to break his silence, i'm jon scott along with jamie colby in for jane skinnerspeaking out for the first time, since the sex scandal that broke wide open, thanksgiving weekend. all began with that bizarre car crash, outside of his florida home, and reports a multiple -- of multiple extramarital affairs that forced him to step away from professional golf at least until now and the pga commissioner said he chose to spoke because he's taking a week off from therapy but comes when the match play championship is in arizona, sponsored by accenture, the first company to drop him as a pitch man and security is tight