Douglas Holtz-Eakin

James Parrott, deputy director and chief economist at the Fiscal Policy Institute, and Douglas Holtz-Eakin, president of the American Action Forum, a member of the Financial Crisis Inquiry Commission, and former director of the Congressional Budget Office, discuss national and local job numbers for August.

The passage of the health care reform bill is controversial for many reasons, but a main argument among critics is that it will cost more money than it will save. If signed into law as expected, the legislation would cost about $938 billion dollars. But, the Congressional Budget Office has said the bill will reduce federal deficits by an estimated $138 billion dollars in the next decade. We hear from one critic, Douglas Holtz-Eakin, former director of the Congressional Budget Office and former economic advisor for Sen. John McCain when he was the Republican presidential candidate.