. >>> judd gregg is the man who turned down a job as obama's secretary of commerce.an who says thanks, but no thanks, to the president of the united states is clearly not a man who's afraid to speak his mind. and judd gregg nouns me now. let me ask you about your reaction first to what's happening in libya? >> the people of libya deserve a free government and hopefully that he can proceed on to an orderly path of democracy. it's just a positive thing to have occur for the world. >> obviously there are several schools of thought here about a post-gadhafi libya. one is that these kinds of dictators keep a lid on what's trouble in their countries as well as causing it, of course, and there is a danger without them controlling the worst elements of society in this country, things could suddenly explode. are you concerned about that? >> i think we have to be in any arab country. obviously the most cohesive groups in some of these nations, are the most radical groups. you see that with the muslim brotherhood in egypt. and you have to be concerned that they take control and

i give senator judd gregg, my predecessor, a great deal of credit for the two years of work that he spent with senator wyden in putting this together, and senator wyden and i have worked together this last seven months to make additional changes and improvements we think to that product. if we're going to have a growth component to help grow our way through a more prosperous economy out of the debt problem we have, it has to include not only spending cuts but it has to include real tax reform. those special interests out there that are receiving exemptions and special breaks, credits, subsidies are going to have to -- those are going to have to be closed out in a rational basis. we can retain some of the legitimate deductions, such as mortgage interest and charitable deductions, but most have to be eliminated and those funds and revenues generated from elimination of those special interests have to be used to reduce rates, to make our businesses more competitive

you deal with cutting social security and medicare that's something that people like jim cooper judd gregg can't conrad have been trying to put forward for a long time ever since the president came into office in fact congress actually took this act in two thousand and nine and the president endorsed it congress didn't pass it and that's when the president empowered his cat food commission but the cat food commission didn't have the extra parliamentary powers that this commission has so we know they've wanted this ever since they got into office that white house has and now they've got it and they are tasked with hiding some of the charity in medicare that is what they are supposedly going to change is twenty seconds to go here how badly as you burn his base really recover from i mean i don't think that it's just his they think an eighty two percent of the country does not want to see social security and medicare benefits cut and that is what we're looking at we are manifestly looking at got is what will come out of this capture commission and if it doesn't there are going to be penalties

judd gregg, he was the one, the super committee, first person i heard of it was from you. so, i think that idea is judd's -- the way i look at it is this. of course, congress took an underwhelming step in terms of the first cut. but it was a step, right? it was a step. now we've got a super committee, and wait and hope they undertake reforms. i, for one -- i, for one, think it is unlikely we will get reform until there is a new election. but i could hold. -- can hope. but even if we don't get reform. if they get their objective, $1.50 trillion, which is an easy lead over a $40 trillion pace over five years -- actually, 10 years. excuse me. i can't make it worse than it really is. thank you for catching me. over 10 years, it isn't easy lift. but let me tell you, you've got to start someplace. but you can't get reform unless -- that can only be done on a bipartisan basis. that can only be done when both parties want to compromise and cooperate and i don't think we can do that with the players we've got in washington and i think we need a new election. i hope i am wrong. but

this is money -- moderated by youth of this senator judd gregg. robert reich at the following questions. >> there is one last question, the question you get to pose to our next speaker. i looked up to our next speaker would be. maybe this question is a set with your question. but our next beaker is your dartmouth classmate and former treasury secretary hank paulson. [laughter] so, when he is sitting in that chair, what would you like him to have to answer? >> hank, two related questions. number one, why in the wall street bailout did you not condition those funds on wall street doing several things that it needed to do -- particularly with regard to mortgage and mitigation and also making money available to main street through small regional banks, and also, putting some constraints on lobbying by wall street for our -- firms, principally during the period of time congress was trying to reform the financial system. [applause] and secondly, hank, after you've explained all of that, i would like you to tell us whether the social benefits of wall str

look at judd gregg from new hampshire. he stepped down as a senator and has now been hired by goldman sachs and they're giving him a lot of money and they are taking a thousand jobs from our economy and moving them overseas. he helped to write the bill that gave goldman sachs millions of dollars and now they are rewarding him. we are not seeing what they are really doing. i had my fingers crossed that the commission would have some reasonable, moderate individuals on there because our country was once run by moderates individuals. republicans and democrats both. host: is the obama white house planning an october surprise for next year to give the president's reelection campaign a boost? right below that is this item. and in "the hill" -- deirdre tweets -- cincinnati, ronald on our independent line. can or should washington do more to help the economy? caller: yes, they should. don't you think it's about time to put money back into the country by getting jobs for people? host: how would you like to see that happen? caller:

senator judd gregg. [applause] >> the first question to each speaker comes in the previous secretary. last week we welcome robert rice to have the following questions ch.-- robert reischau >> you get to pose a question to our next speaker and the next speaker -- maybe this is a site with your next question -- but our next speaker is your dartmouth classmate and former treasury secretary henry paulson when. is sitting in that chair, what would you like him to answer? [laughter] >> i have two related questions. why in the wall street bailout did you got condition those funds on wall street doing several things it needed to do, the delay with regard to mortgage mitigation and making money available to main street through small regional banks? also, putting some constraints on lobbying by wall street firms, particularly during the time congress was trying to reform the financial system? [applause] secondly, after you explain all of that -- [laughter] i would like you to tell us whether the social benefits of