in 2008 and the transition with larry summers, peter orr said, the whole economic team was trying to figure out what the right fiscal zero was going to be an economically the decision was the right goal was to make sure that the death was falling as a share of the economy that required the deficit being below that 3% of gdp. that's the goal that we achieved and that is the goal that we need to take additional steps on taxes and healthcare and immigration to make sure that we continue to meet that goal over the next decade and beyond but it's one that is very consistent with what economics would tell you you need to do to be in a sustainable and a strong position to grow economically. >> that was also the one targeted on the simpson bowles commission. so it included the wisdom of the obama economic team that also included the stamp of approval for the commission. two other planes that are also relevant to this the first is that that for the president the president has also been clear about the fact that his approach dealing with the debt and deficit is we are not going to ask the elde