romina boccia and thomas hungerford joining us.ou have seen the outlines of this budget proposal, it is just that, a proposal. what is your reaction? guest: i think the budget proposal failed of several accounts everyone is it continues the short run austerity measures from the budget control act, and it does have some negative consequences for the economy over the next three fiscal years. i think it shortchanges the economy in the long run. cutting back on public investments in the insurance and on the government, and just drive down any street in washington dc and any other place, we need some more public investments, especially on basically, roads bridges. we need to be spending a little bit more money on railroads -- host: higher taxes? guest: in the short-term, no. i do not think we need to raise taxes in the short run, but in the long run, yes. guest: i would say that what is really key about this budget is that with spending on a path. it reduces the debt and the percentage of gdp to about 55% of the economy. it balances and