business new orleans doens to create jobs. banks need confidence to go out and spend.hat we've got the worst of the debt crisis behind us, not all of us, but the worst of it, there is an opportunity for the economy to grow. >> some have suggested that if you cut federal spending, that isn't going to exactly spur economic growth or job growth. what do you think about that? >> well, the question is where would the money go? if we're borrowing the money or printing the money in today spend it, that's not good for the economy. take a look at gold today. a new high of $1,645 an ounce. that's the fear. that's not good for confidence in the future. so, yes, you're concerned about the fact that some government employees will be laid off, there will be some cutbacks in spending. but the real economy, not the government economy, could likely pick up the slack. there's a lot of money already out there waiting for that spark of here's going to be the tax law, here will be the new regulations. what we don't need now is this new committee of 12 arguing the same argument that we just