now everybody's going nuts about the fiscal clip all wiped out with
so that i was a little more producer did some research on this about that
uh... who created the words fiscal clint because that didn't exist before it was
also memories are talking about
transat better data that september or risk of work the make sure that you know
raises taxes
so uh... here we are and of course both sides i suppose to create that term
nambiar doubles at nearly riversdale at what we know that you're with us for
success it's made out to see a political operative what's right and i think about
that the way that is positive difficult they're going off of it and i think one
must do something you must make sure that we do not increase taxes
this is that this will clear the way they've written a budget i would argue
says that there's going to be five hundred billion dollars out of the
budget next year unless they've fixed up
right now don't look at your freight
i know there's a new pics i want balance the budget yet the way i would balance
the budget
is by raising taxes include everybody by the way right
so i have a problem with that i would prefer a matte as not a fiscal clip but
i want your fix on in terms of what evidence is coming let me tell you who's
not by the defense is going to revert level that what they're saying is that
it doesn't come their their consequences to be anoka the budget fakes is if we do
a lot of the do-nothing ko mail but i but that's true i was in it
well not entirely but yes our balance of three so please always all the frame
and and that's one of the republicans friend about where wall street people
dot that it's over that way
but of course the democrats play-along so and that's why the media goes well
both sides agree so it must be a fiscal clip
so now juga came out yesterday and said
of hell no aware and i work with uh... hopeful bomb a on taxes
as we should be on the show ah... last night he dropped all then
solar still the tax increase for the rich non-negotiable and and the
essentially mitch mcconnell said the bb
the basically powerless
metropole
that's right and so-called president while my failure etcetera
family has moved up the definition yet when he was was a big of a lot of seats
in the senate
you losses in the senate
that would be a failure mitch and that's your leadership in the senate for the
republicans
so president obama going to be given speech today on the first group
and is he going to play along with a framing or if he had to draw a line in
the sense that we have a lot about one oh seven
out the guy who won the election
well got mixed back today
uh... so first
uh... he said hellis remember
who'd like to vote for
and i just want to point out this was a central question during the election
it was debated over and over again
and on tuesday night
we found out that the majority of americans agree with my approach
and that includes democrats independents and
a lot of republicans across the country as well as
independent economists and budget experts that's how you reduce
the deficit
with a balanced approach
so our job now is to get a majority in congress to reflect the will of the
american people
on tuesday they said loud and clear
that they won't tolerate dysfunction
they want tolerate politicians who've you compromise as a dirty word
attended lover for them in my second tour and i expect to find one partners
in both parties to make that happen
nasa in my view of the things that's
mixed news but let's start with a really good news for studies so
he says very clearly i got elected
and i've said it will raise taxes on the on the rich arguing over two hundred
thousand dollars
and ask the will the people
i'm glad that he affirmatively stated that
uh... it was nice a strong and afterwards news came out that he would
veto any plan that does not
re state the rates that we had under clinton
get rid of the bush tax cuts for the rich and let's not sweep this under the
carpet i mean this is
exactly
this is a gift to the liberals this is a gift to the union's this is exactly what
they needed to hear you know there's no no way to even look skeptically ethnic
that is a good did exactly that was exactly what this does the skeptical of
his that it he's coming out strong and saying look by uh... i got elected obama
have you know what i want
the province but for a long time and liked what he thinks the white house has
approached this like he's invited so that's what i want that works so we set
so i was so the positive
italian some possible accepted if if he sees that i was initially the cigarette
break
i thought this some chance egos awaited new tax reform
and what it's all subjects but looks a lot less likely after today
while a lot less light because
he could not set tax reform are we took away some exemptions and deductions so
if you are looking for the red please why do you walk down where the burden
will be in where the birdman won't be
in the immediate over except that standards with the solar system
callers now
and uh... the party like in that was because the pros and you know and we're
going to compromise and we got elected for companies that
doesn't confine things and you should compromise is not the obvious in every
one of the bounce approach
but one side is saying even though they'd just lost
worse so our position
and out of sight and saying we're sticking to our position so that
eventually you can have compromise but this i say already compromise so when
somebody says of a rehab when other guys as i've moved image that's where the
actual government is going to be it's going to be even further towards the
republicans
so except it support negotiation stance
or palm oil while one
but it wasn't what i was most concerned about
here's what i'm most concerned about
or because ur
i'm not wedded to every detail of my plan
i'm open a couple months
i'm open to new ideas
uncommitted
to solving our fiscal challenges
i refuse to accept any approach that isn't balanced
i'm not going to ask students and seniors
and middle-class families
to pay down the entire deficit while people like me making over two hundred
fifty thousand dollars are asked to pay a dime more in taxes
so the parts i did not like him
number one
my whole agendas open for negotiation
no but you just want over one and a treaty at can you drop some lines in the
sand can you say hey you know what
i got elected for this and this is a my whole woods and the recoveries doy
opening identified our heart what it is is that i'm not wedded to every single
thing in the year
we're not a nurse said that's not come by tonight might not have severely hires
the young man i mean it's a list of ten things that i'm not you know
and i've been out six and eight or over conducted a part to what i did like the
cake
on wall descent into the cato institute in balance and
i'm not gonna let you take just receive citizens that but what he actually said
was
i'm not going to put you fell sick be tiger budget on the backs of senior
citizens the for the middle class
in other words and there are a few
bells
use of the budget on their backs
and that's not to say inference that i'm reading into it arrives i need to know
us
the senate over and over again his proposal is four trillion in impulse
overall three dollars for every one dollar comes from spending cuts
seventy five percent come from spending cuts analytic workup in suppose that tax
increases okay now
even the great debate he gets up twenty five-cent tax increase
which i don't believe
'cause that the devil's in the big tax right
the seventy five y which is what
and by the way the first go collected at some point i don't like
the increased use of the circle of because what the school challenges
legally agrees completely lock stock and barrel with their framing
which is nonsense
but right now
the night so what does that work
we have one point two trillion dollars
in custom
but have the discovered from defense
which i don't want a dollar defense which is below it is inefficient his
wasteful oftentimes
fraudulent defense contract workers so it so
instead
when they do the new spending cuts is thirty th almost three times as much as
spending cuts
and almost none of it as they come from defense well that's six times worse for
us
and saw what you're asking about
that's thanked his sasser that's right job skepticism
well i i i would say that i'd been looking more into this because generally
i would agree with you that make it looks like if we simply don't do
anything it it it benefits us but
we do have to look at the possible facts and so
we do want the budget to be balanced that's one of jected but there are other
objectives like continued economic growth and but we can't just take c_b_o_
analysis when it favors us with the against us we also have to trust them to
be intellectually honest in
with they came out with data today that that part of its good parts bad they
said that look if you're going to let any parts of the six fire part is going
to hurt the economy leases letting
the uh... the tax reductions for the the milk the most wealthy people but you
cannot that expired it will hurt the economy much which is good for us but
they're also saying that if you have other parts of expire could mean
possibly hundreds of thousands or millions of jobs and so we do have to
weigh that against her desire to balance the budget quickly
issue so
that's where i disagree with economist you can feel free to ignore my
views on that disease he looked at your opinion but your guys who crunching
numbers itself
so obvious
fair honest as i can about that
article believed that packs cuts
stimulate the economy
and in fact
they will tell you the spending
at
actually service economy style more overspending also has always has
historically
in modern history and and middle american history early american official
municipal not done in an american radio
anything when you look at that did you see that
incredible you rationality
even if you don't agree with me and you think the middle-class tax to stimulate
the economy
everybody agrees based on those numbers
the spending certainly support so why would we do three times as much spending
cuts hurt the economy three times as much
as tax increases that makes no sense media budget block
i wouldn't do tax cuts for anybody but on the minority ellam nalla obviously
luzon that democrats and republicans overwhelmingly to middle class tax cuts
but business spending cuts especially the medicare and medicaid
on necessary counterproductive
innkeeper aggressive anti american because the american people
overwhelmingly over seventy percent say do not put those programs
in the middle school about uh... and you're writing a book one of the
students is that most of its kind of on the back of these people i'd we don't
know what it's going to look like
now and and actually i i've said this and said this earlier today in a few
words on i don't think i think they're gonna kick the ball down the road to
march i don't think he's going to work this would belinda congress and i think
that it's it's his intention
to do something cities that that pushes this down between now since he did today
that uh... that he's going to keeping tax for the remainder get rid of the
fact that for the wealthy one thing that really disappointed me about the
president today said it into a press conference
uh... the winning president always does a press conference uh... comes back to
the white house it's a press conference at the place for him to answer directly
the questions that were asking hearing uh... and that was a disappointment to
me that means
spotlight so to be two things about that