tation says ifyou buy a house have you to put 20% down. >> charlie: right. i always thought you did anyway. >> no. people were getting no money down. no documentation on your loa because someone's idea of social justice was that the government just knew what the right percentage of home ownership in this country was. so many problems, charlie, stemmed from the fact that this government thinks it knows things it does not know, and cannot know. >> crlie: the previous government, george w. bush, left to barack obama on huge deficit. >> what we used to call a huge deficit. >> charlie: there you go. you had a prescription drug program, you had two wars, unfounded wars. >> i think the prescription drug entitlement, grafted on to medicare may be a large entitlement program without a dedicating funding. an act of congress -- >> charlie: it began -- >> absolutely. first, the first wave election 2006 we're now going through was a repudiation of the republican party and the republican party earned it. >> chare: what about bush 412 and his presence that seems to be risi