. , whye speed of the train there was no automatic braking system, which has since been installed, to form the focus of a long investigation. looks like good news, the unemployment rate has dropped to 7.3%. , many havee deeper simply stopped looking for work. the figures have added more uncertainty to the economic picture. i discussed it allith an economs reporter f t wall street journal. can you explain this paradox? rise before going flat again. >> the jobs numbers were clear indication that we have not really taken off in terms of economic growth. we are struggling for years into the recovery in creating a sustainably high number of jobs and expanding beyond this very poor pace we have been at. for the economy, it was not very good. the market responded a little better because it has been going through some convulsions in recent months about the federal reserve. this sent some people thinking that maybe the fed is not going to pull back just yet. out remains to be seen. -- that remains to be seen. >> do we want the fed to pull back? >> you want the fed to be pulling back in an unam

. >> and that's whye ran in june anjuly, we ran surpluses actually. we're bringing down our deficits, and as a percentage of gdp spending is at almost a record low of 15% of gdp. so we've been bringing spending down. but to john's pot, with regard to the credit card analogy, one thing a family knows is that if they don't pay the credit card bill that they used to spend money, then they lose that credit card or they get a lower credit rating. and congress authorized the spending that's going on. and we need for the full fai and credit of the united states to remain intact and to kee boowing costs low, we need to pay our bills. and the raising of the debt ceiling does not add a dime to deficit spending it onlyuthorizes what has already been gned into law by bills in congress appropriating those funds. >> well, but if we have raised the debt ceiling 100 times, as the president says, isn't that just proof, john, thate are spenng more money? >> good lord, yes. yes. you're giving these guys license. toay they spend like drunk sailors is an insult to drunk s

. , whye speed of the train there was no automatic braking system, which has since been installed, to form the focus of a long investigation. looks like good news, the unemployment rate has dropped to 7.3%. , many havee deeper simply stopped looking for work. the figures have added more uncertainty to the economic picture. i discussed it all with an economics reporter for the wall street journal. can you explain this paradox? rise before going flat again. >> the jobs numbers were clear indication that we have not really taken off in terms of economic growth. we are struggling for years into the recovery in creating a sustainably high number of jobs and expanding beyond this very poor pace we have been at. for the economy, it was not very good. the market responded a little better because it has been going through some convulsions in recent months about the federal reserve. this sent some people thinking that maybe the fed is not going to pull back just yet. out remains to be seen. -- that remains to be seen. >> do we want the fed to pull back? >> you want the fed to be pulling back in

. >> i'm sure he likes the soundth of that whye is he a good choic. >> he came to phoenix at the tough of the time possible. 2009, he was in the mid of the great recession. here helped to turn phoenix around. remember how bad their housing market was, now they have a $2 million surplus.on he has shown he can do the job. >>> back to the affordable caree act. it's the biggest overhaul of tha american healthcare system in decades. what does it mean to you. what is the deadline, who needs, to sign up? a lot of questions and we are getting answers as d.c. is about to roll out a radio and ad campaign to help you. and we are in the newsroom to break it all down for you.u. hi, karen. >> reporter: for starters as of january of next year, peoplee are required to have health insurance or pay a penalty. the district is seth up an online marketplace, for thoseac who don't have insurance or feel under insured can shop forr affordable healing care. despite the reports to the contrary, come foirveght there will befoctober firstthere will. >> you might be surprised who is walking around the nation's ca