because people will then haveless time to plan how they will react to these various changes. there's no substantive advantage to waiting, to making changes. on issue how quickly those should take effect, to change, that's a more complicated questions. doing it very quickly slows the economy down. if you wait too long, you end up with debt that's much, much harder to manage. and so there are number of ways in which the congress could put off the expiration of the tax revisions set to expire. but not put those off indefinitely. or if put those things off indefinitely, then other very large changes need to be made in the deficit. it's not our place to recommend any specifics. >> comments of doug elmendorf earlier in the day. according to cbo forecast, the deficit will begin to drop between 20123 and 2022, deficits that would drop down from the current 2% of the current gdp to the 1%. it will be an issue that the republicans will be using against the president and the democrats in this election year. the washington post asking jay carney about all of this including the unemployme

their energy bills will be $100 billion lower over the next decade and america will haveless pollution, more manufacturing, more jobs for construction workers who need it. send me a bill that creates these jobs. building this new e future should be just one part of a broader agenda to repair america's infrastructure. so much of america needs to be rebuilt. we have crumbling roads and bridges, a power grid that wastes too much energy, an incomplete high-speed broadband network that prevents a small business owner from selling her products all over the world. during the great depression, america built the hoover dam and the golden gate bridge. after world war ii, we connected our states with a system of highways. democratic and republican administrations invested in great projects that benefited everybody from the workers who built them to the businesses that still use them today. in the next few weeks, i will sign an executive order clearing the way the red tape that slows down too many construction projects, but you need to fund these projects, take the money we are no longer spending