. >> stephen moore is nodding his head in agreement with you. stephen, you're a died in the wool fiscal conservative who is not running for anything. do you think it's reasonable for somebody who's running in the general election, forget the primaries, for a conservative republican in the general election to say, maybe we shouldn't be as drastic as we're suggesting being right now? >> you know, first of all, john, i think you nailed it. i think you're exactly right. the republicans are going to be talking about which one can cut spending the most and which one can cut taxes the most. that will be the most appealing candidate, i think, in this republican primary. i just think that this model of spending, spending, spending hasn't worked very well. i think if the president and this congress could come forward with a credible plan to bring this enormous debt down and these $1.5 trillion deficits down, i think that would unleash the animal spirits of this economy and we would get growth. i'm making the case the debt and the deficits are holding back

and stephen moore is the founder of the conservative club for growth and senior economics writer for street journal". welcome to both of you. heather, first, how worries are you and how do he define the problem that we face now? >> well, we've had some bad news this week. but we had seen the labor market improving over the past few months. the rate of growth of jobs over the past few months have been twice as much as over the prior three months. so i think that we should be very concerned especially about the decline in manufacturing. we should be very wary but i personally am very anxious to see what those employment numbers are tomorrow because that's really going to tell us are we the fork in the road? are we going to see employment start pulling back or are we going to see the kind of trends we've seen over the past few months. but importantly even over the past few months when we were creating over 200,000 jobs that wasn't enough. i was worried before. a little more anxious now but we need more data to know exactly what is going on. >> brown: how worried and how do you define th

as stephen moore wrote in the wall street journal, we used to be a nation of makers. we now are a nation of takers. more americans work for government today and for manufacturing, mining, utilities, farming, fishing, forestry, construction combined. made in america, not anymore. we must take bold actions commen. [applause] scrubbing the budget is good. revising the tax code is necessary, but it is not enough for any nation at risk. number one, i am are ronald reagan tax cut guy. i was in congress voting with him as a conservative democrat from 1981 to 1988 when i became governor of louisiana. you see those same principles in milo, marginal rate proposal. however, we need to do more. number one, the you know what the new taxes are? regulations. the democrats cannot pass a tax, so they passed regulation. and did you know that we had 81,405 pages of regulatory comments printed in 2010 alone? 81,000. there are store -- 4000 new regulations in the pipeline at present. only 16 at a cost benefit analysis. and large business does not care. they have tax lawyers. they have lob