mr. bowles. you certainly created some excitement with the press, i think. i would say don't necessarily believe everything you read and hear about the proceedings of this committee. i do want to thank every single member of the panel on behalf of the joint select committee for deficit reduction, not just for your presence here today away from your businesses and families, but more important, everything have lent to the body -- the entirety of what to have lent to the body -- of what you have lent to the body of work to try to address a very real crisis that we face. i do thank you for that. your testimony was certainly sobering and helpful, not the least of which is timely. i want to remind all members to have three business days to submit questions for the record and i would ask our witnesses to respond promptly to the questions. member should submit their questions by the close of business on thursday, november 3, with no other business before the committee, without objection, the joint committee stands adjourned. [captioning performed by national caption

mr. bowles that that refers to the gdp plus one. that is what that would mean. $500 billion given this enormous growth or to use your words, unsustainable growth in health care expenses. let me ask you about a couple ways to get there that we haven't talked about yet. one is means testing. seems to me this is one where republicans and democrats alike ought to be able to come together. i give you interesting statistics. the couple retires he'll pay $1,900,000 in medicare taxes and receive about $357,000 in lifetime medicare benefits. that is 119 in taxes for 357 benefits, which goes to the advertisement you talked about. so that is about three bucks and benefits for every dollar in taxes. a few multiplied this by 77 million retiring baby boomers, it's not hard to see what we have an unsustainable program. now we can talk about this in terms of being sure as dr. rivlin just said that those at the lower end of the income scale are taking care, but at the same time it is difficult to justify giving up income seniors benefits that far ex

mr. bowles. senator simpson, you are now recognized. >> senator murray and representative, it's a pleasure to be here. i look at this panel, and i, too, know many of you, but at this age of life, i've been around the track for awhile in this game, never worked with finner people than erskine bowles and alan and pete. it is -- we don't need charts when we go out. we don't use powerpoints. we just say if you spend more than you earn, you lose your buck, and if you spend a buck and borrow 42 cents of it is stay tuned. people hear that, and then you see it today, your country is borrowing $4.6 billion, and we'll borrow that tomorrow and the next day and the next day. if that has any common sense to the american people, it's certainly escaped us. now, my dad was a governor and u.s. senator. i know the game of inside baseball, and i know many of you do. as we wandered through this place a year ago, people came up and said save us from ourselves. that's not a very smart thing to say in the duties you ha

mr. bowles was the chief of staff to president clinton.nt on to propose a debt reduction package that combined many of the rumored elements said to be in the democrat and republican plan. his proposal would reduce the deficit by $2.6 trillion over the next ten years calling for $600 billion in health care savings, in part accomplished by raising the ir age of medicare eligibility. $300 billion in cuts to other entitlements. $200 billion saved by changing calculations of inflation made in social security and medicare benefits. and $800 billion in new tax revenues. committee members declined to comment on whether or not ç bowles' numbers mirrored any proposal currently being worked on by that committee. >>> still ahead here on "way too early," welcome to life after baseball with the nba locked out, big stories about an nba star playing the feud. we'll show you the clip and fill you in on the sale of the dodgers ahead in sports. plus, condi rice on "the daily show" addressing kngadhafi's creepy obsession with her. >>> how do you feel today?

mr. bowles and everybody else, yes, there's a chance to fail. but there's also a chance to succeed. and i am the eternal optimist. i believe, as my state's motto, as i breathe, i hope, i believe that we are going to get to where we need to be with time to spare. >> your colleague, jan schakowsky of illinois, is worried about the clashing of entitlement benefits. and she told the hill, a bad deal is worse than no deal. would you rather let cuts go into effect than, say, raise the age for medicare? >> i'm not a member of the committee that says we ought to raise the age for medicare. i've spoken out against it time and again. i do believe that people working in coal mines and other kind of laborious, hazardous jobs ought not be judged for retirement on the same line of people up here working in air-conditioned offices are. unless we're going to use the dictionary to classify jobs for retirement ages, i'm not for that. i do believe we can reform entitlements in such a way that we would not hurt beneficiaries. we read the stories all the time about how much medicare fraud is taking plac

mr. bowles and everybody else, there is a chance to fail but also a chance to succeed. and tim eternal optimism. i believe as my state's motto, as i breathe, i hope. i believe that we are going to get to where we need to be with time to spare. >> nbc news capitol hill correspondent kelly o'donnell joins us. so is he one of the few that believes thing are looking optimistic right now? >> reporter: he is always bringing a cheerful spirit to capitol hill and everybody appreciates that. what you do get is a sign today of some movement. there were more than 100 members of congress in both parties who signed a letter encouraging this super committee, a group of 12, to go big, as they say. to go for bigger cuts. many interpret that as a positive sign. at the same time, there is a certain malaise that has taken hold here with doubts about what the super committee can really accomplish as the deadline gets closer. and even a sense that democrats are telling us they've done all they can do. they want republicans to move toward them. republicans feeling like they've got lines in t

mr. bowles, let me start with you.ou know, people don't know this, you actually have to go to whitehouse.gov to see your report, right? >> yeah. >> so it's on the white house website if he does not sell this. how frustrating has it been that the president didn't own this and just sell it, even though he asked you guys to do this? >> it's been really frustrating, and i think it's been a shame, because i think the people want to see the country come together, to pull together, rather than pull apart. i think they want to see something real, something of substance. i think they want to see something that makes sense. we propose $4 trillion in deficit reduction. we didn't propose that because the number four bus went down the road. we proposed it because that's the minimum amount you have to reduce the deficit over ten years in order to stabilize the debt and get it on a downward path as a percent of gdp. he knows that and he knows it's what we have to do for the country and that's what we're going to talk to this super co

mr. bowles. each witness will be recognized for five minutes.have 10 minutes for questions. mr. bowles, we're now prepared to receive your testimony. >> thank you. i am delighted to be in the company of these three great americans. thank you for inviting me to come. we thought long and hard about what wanted to say today. we have submitted something in writing to you. i would like to speak to you from a few notes i have made. i know most of. i have worked closely with almost all of you on both sides of the aisle. i have great respect for each of you individually, but collectively, i am worried you are going to fail the country. when we first got into this, we thought we were doing it for our 15 grandkids. i have nine. he has six. the closer look at to the numbers, the more we realized we were not doing it for our grandkids or our kids. we were doing it for us. that is how dire the situation is. we face the most predictable economic crisis in history. i know the fiscal path we're on is not sustainable. i know that each of you know it and see it b

mr. bowles. he certainly created some excitement with the president, i think. do not necessarily believe everything you read and hear about the proceedings of this committee. i want to thank every single member of the panel on behalf of the committee your presence and more importantly for the entirety of what you have lent to the body of work to try to address a very real crisis we face. thank you for that. your testimony was sobering and helpful. it was also timely. all members have three business days to submit questions for the record. i would ask our witnesses to respond promptly to the questions. members should submit their questions by the close of business on thursday, november 3. with no other business before the committee, without objection, the joint committee stands adjourned. [captions copyright national cable satellite corp. 2011] [captioning performed by national captioning institute] >> steny hoyer on the efforts to reduce the deficit and the 2012 presidential campaign. >> reading the right books is helpful. reading the wrong books can be an educ

mr. bowles. each person will be recognized for five minutes, at the end of which time there will be 10 minutes for questions. >> i am delighted to be here in the company of these three great americans. and i want to thank you for inviting me to come. i thought long and hard about what we wanted to say. we submitted something in writing to you. but instead, i would like to speak to you from a few notes i made. i know most of you. i have worked closely with almost all of you on both sides of the aisle. i have great respect for each of you individually, but collectively, i am worried you are going to fail, fail the country. when alan and i first got into this we thought we were doing it for our 15 grandkids. i have nine and he has six. but the closer we got to the numbers the more we realized we were not doing it for our grandkids. we were not even doing it for kids. we were doing it for us. that is how dire the situation is today. i think we face the most predictable economic crisis in history. i k

mr. bowles. senator simpson, you are now recognized. >> senator murray and representative hensarling, it's a pleasure to be here. i look at this panel, and i, too, know many of you. but at this age of life i've been around the track a while in this game. never worked with finer people than erskine and alice and pete and been working through years. it is -- we don't need charts when we go out. we don't use powerpoints, we just say if you spend more than you earn, you lose your butt. and if you spend a buck and borrow 42 cents of it, you've got to be stupid. now, people do hear that, it's a rather wretched thing to say. and then you say today your country is borrowing 4,600,000,000, and we'll borrow that tomorrow and the next day and the next day. if that has any common sense to the american people, it certainly has escaped us. now, my dad was a golf and u.s. senator -- a governor and u.s. senator. i know the game of inside baseball, and i know many of you well. as we wandered through this place a

mr. bowles put out the proposal in his plan yesterday of raising the eligibility age for medicare.e supercommittee's bold enough to do that. what's the next step after november 23rd? >> well, there's -- the supercommittee legislation lets it go straight to the floor. so it doesn't have to wind through the committee process, get watered down. and this is where if the supercommittee is close, this is where i can see the leadership giving them an extension. extending that special status for their legislation so it can be acted on quickly. we saw speaker boehner the other day appearing with the senate republican leader also saying this is personal, he said. comparing it to welfare reform legislation that president clinton achieved. so the leaders have a stake in it, the supercommittee members have a stake in it. this looks like progress. >> how is this for motivation? the quote from simpson yesterday to the supercommittee. you don't need charts, if you spend more than you earn, you lose your butt, if you spend a buck and borrow 42 cents of it, you've got to be stupid, the word of alan

mr. bowles?" and he answers the people of the human eye. you did not do your homework, you have a dirty mind, and you are doomed to live a life of unfulfilled expectations. to anyone who deals with these kinds of issues, we are doomed to live lifetimes of unfulfilled expectations. in this case, i was not quite where alex brill was, but i was cautiously optimistic we would get somewhere. part of the reason was because rob portman was on it. he has an unparalleled blend of experiences in his professional lifetime that includes working as either an internal or a lowly assistant to alan simpson on the immigration issue but moving forward to being a member of the house known for his bipartisan efforts, budget director, trade representative, before moving on to the senate. he understands as well as anyone that, given the shakiness in europe, the troubles in the global economy, that we are no longer just plan with -- playing with fire, but atomic weapons. there would be an urgency to act and a recognition and come up as much as the super-committee

mr. bowles says the human eye. to anyone who deals with these kinds of issues, we are doomed to live lifetimes of unfulfilled expectations. i was not where alex was, but i was optimistic that we would get somewhere with the supercommittee, and a part of the reason was because rob portman was on it. robb has an unparalleled blend of experiences in his professional lifetime that includes starting working as an n assistant to alan simpson, but being a member of the house known for his bipartisan efforts to be both budget director and trade representative before moving to the senate. he understands as well as anybody given the shakiness in europe, the troubles in the global economy, that we are not just playing with fire or even playing with live ammunition. we may be playing with atomic weapons in terms of the economic future. there is an urgency to act and a recognition that as much as the supercommittee leaves many of us who believe in the regular order of the legislative process and easy, these extra and unusual ac

simpson bowles wanted 12.2. mr. obama ignored that what we have is a citing president who does not want to cut back, it seems. just today the nation spent another $4 billion it doesn't have. just today. in 2012, the president and the democrats will put forth that rich americans, and corporate greed heads are responsible for the economic mess, including the massive debt and sadly millions of americans will buy that. failing to understand that another four years of wild spending will pretty much doom the country. talking points isn't a partisan. i think you know that i recognize the republic party is in disarray. divide between the moderates who will compromise and zealots who will not. the republicans do have an advantage. every poll shows the americans have lost confidence in mr. obama's economic leadership and if the republic candidate can show a plan of fiscal responsibility, and ward off the class warfare attacks, he will win. it will be nasty getting to next november. that's the memo. now for the top story tonig

so he introduced a friend of his, edith bowling galt to the president. mrs. galt was a widow. she was the proproprietor of galt jewelers which we old timers in washington remember fondly. it was known as the tiffany's of washington. she was 15 years younger than woodrow. she was vivacious, cheerful, flirtatious. the first night she came to dine in the white house in a long black velvet gown, woodrow wilson's secret serviceman said to his valet, oh, she's a looker. and the valet said, yeah, he's a goner. [laughter] >> and he was. he proposed marriage to her just two months after they met. she refused. she said they hadn't known each other long enough and in any case it, hadn't been a year, the minimum amount of time before a remarriage. woodrow didn't give up. in july, he invited edith to vacation with him and his three grown daughters in new hampshire. and he proposed again. this time, she accepted. but they kept the engagement secret because it still had not been a year since ellen's death. there was another wrinkle to this romantic saga and that was mary. woodrow confessed t

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mrs. miller, can you recall my number-one? >> item number one, the ordinance for bowling alleys and theaters to provide alcoholic beverages. supervisor kim: there is a conversation today about making an amendment to the legislation in the mission and i believe this project may be moved forward in the mission, but i don't know if we can ask a question to the city attorney about whether there would be a deferral to the planning commission. >> after consulting with miss hayward, it sounds like planning did not really contemplate or consider the idea of having this theatre. they considered the idea of a single-screen theater for this legislation. and the modification to the planning code amendments, they have to be referred back to planning for reconsideration. >> i have to say i do support this amendment, however, we did start this process early in the summer and many businesses we work with are working on a specific time line. i would prefer that we pass this out of committee today, with legislation that i am happy to co-sponsor. >> thank you. supervisor? >> i move that we eat for this with a positive recommendation. >> do w

mr. will selva. >> good morning. and with one win, florida state would become bowl-eligible. but standing in their way was boston college. florida state came out pumped up. b.c., oh, boy. this isn't good. calvin smith all over it, as florida state takes possession. then, they take full advantage. e.j. manuel, to reed. later in the second, same score now. manuel. nick o'leary. o'leary has it. and he goes 56 yards. the ball pops loose. it's on the floor. but o'leary's ruled down. evidence inconclusive. so, the 'noles end up keeping the ball. next play. devoevonte freeman, rushed for yards and 2 touchdowns. here's one of them. he scored there. first game with multile the touchdowns. florida state, now bowl-eligible. >>> to the ice. henrik sedin over 800 career games for him. the canucks taking on the wild. max cullen, one of his two gulls here. the wild is up 4-1. then, things get a little interesting as maxim lapierre, and kyle clutterbuck along the boards. you see the refs trying to be a peacemaker. the ref, oh, right in the kisser. and then, gets an even harder punch. oh, clu

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bowl. please, the icons of the game, mr. angelo moscow. [ applause ] take a seat by angelo.aybe you can relive those moments. [ laughter ] >> sportsmanship. let him go. let it go. i'm trying to let it go. >> well, joe capp tried to hand him flowers, but, of course, that was rejected. this grudge goes back 40 years. capp is 73, moscow 74. right jab, follows up with the left hook. right there. eat that for lunch. hard to believe, isn't it? how come joe capp didn't play that aggressive when he played for the vikings in the super bowl? it's a different story. the luncheon, by the way, was held to benefit work of the cfl alumni association. the work they've done for athletes with lingering side effects from concussions. joe capp almost gave him one there on stage. >>> up next, scott walker's policies are destroying health care, education and the middle class in the state of wisconsin. but the working folks aren't taking it lying down. chairman of the wisconsin democratic party joins me next with a major update on the effort to recall this radical governor. i stepped on the machin

mr. president. what is wrong with this? >> bret: there are calls today, brit, to have an up-or-down vote on the bowles-simpson plan.ebt deficit reduction commission that the president commissioned and the plan he did not really embrace at all. there are lawmakers on both sides of the ail calling for vote on that. >> the steps that were outlined, are the political gestures. the ryan budget, passed the house. the senate passed no budget of any kind which is a strike against them. in barack obama's washington, there isn't a senate. there is only republican house. that is what the congress consists of now days. an effort to up-or-down vote on bowles-simpson. in a minor way embarrass the president. this is an issue that goes to country as part of the fabric of the congressional electio elections. the public will decide who it can trust and what to do about this crisis of debt and spending. >> bret: mitch mcconnell put out a statement saying for those of us who hoped the committee could make tough decisions, president obama continues to avoid the democrat rejection of not one but two good faith republican proposals is di

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mr. speaker, i rise today to congratulate the illinois bowling brook high school football team on winning the class 8-a championship on november 25. the coach led the team to a record breaking season of 13 wins and one loss. this accomplishment by the raiders marks the first state football championship for bowling brook high school. despite the absence of their star linebacker, the raiders overcame five turnovers and won the championship game by a score of 21-17 against the top-rated loyola academy. each player demonstrated a tremendous level of dedication and hard work, including seniors antonio morrison and robby bain. other stars was junior aaron bailey who scored the game-winning touchdown and senior darryon rhodes who sealed the game with an interception. mr. speaker, our community is very proud of niece accomplished young athletes. once again, i'd like to congratulate the bowling brook high school raiders on their win and wish them continued success in all of their future endeavors. i yield back. the speaker pro tempore: for what purpose does the gentlewoman from north carolina rise

agreed to mr bush years as the president they offered the same cuts that the plan included so they but one hundred percent of the public were harman's for cuts and the offered more cuts simpson bowles was wrong to want they are for one for i hope it's not a product that because you know as one commentator brought up today if you know that washington keeps on having this mentality that we keep on doing the same thing over and over again we'll get a different result and that's not the way well i'm very commissions are not working and i agree i agree. sticks and should not exist how how can the republican party claim boiled tea to america when it seems that they're only defending the interests of the very wealthy i think that is an unfair characterization and i don't think the republicans are defending just the wealthy i think republicans are actually going where they're bending the american dream i think. what they are they are trying to communicate is that they want is less government i want to matter how is he going to access on people who make over one million dollars a year on their one million first dollars raising that from thirty five percent to thirty nine percent how is that

mr. shapiro, the consumer electronics show is well known in vegas every january. can you give us a preview? >> guest: well, the international ces attracts 140,000 people from around the world. it is the super bowl of innovation. we are going to have a larger show than we've had last year, lots of people, and more things introduced and great things whether in cars or in applications or in tablets or you name it. and this is, it gives you hope and excitement about the innovation which is occurring which is making the difference in our lives. it will be spectacular. hope you're there. >> host: gary shapiro's group is the consumer electronics association. several other groups signed on to this letter to the deficit reduction committee. we are going to put that on our web site. you can read it at c-span.org/communicators. gary shapiro is chairman and ceo of the consumer electronics association. brendan sasso is a technology reporter with "the hill" newspaper, thehill.com. thank you, gentlemen. >> guest: thank you. >> "the communicators" also airs each monday night. if you missed any of this program with consumer electronics association ceo gary shapiro about his group's recommendations to the congre

bowl race and it will be theirs to lose. >> okay. >> see it right here. >> yeah. >> keep run in those alabama highlights, i am fine with it. i am absolutely fine with it. that's right, mrrichardson taking it to the house. >> big doings. >> ron matz, how are you? temperatures in the low 60s today, low 40s right now. you excited about the game? >> oh, yes, they are calling it survivor tuscaloosa by the way. >> oh, isn't that the truth? >> isn't that the truth? what a big football weekend -- >> -- i -- >> -- go -- >> -- i -- >> -- interrupt -- >> -- no, no, of course ravens- steelers -- >> yes -- >> -- off the map tuscaloosa was over half wiped off the map. >> yeah. >> -- hundreds of injuries and many dead and that city has been living and breathing, that football team more than ever before, because -- and i know this for a fact, my daughter was on -- was two blocks away from that tornado. in the midst of their greatest despair what they had was the crimson tide so there is many levels to what is going to happen on saturday night. >>> now speaking of humanity, this is one of my favorite live shots of the year. >> uh-huh. >> don and i both have -- >> -- yes -- >> -- away p

this tracks with the proposals of the bipartisan bowles/simpson commission and others for a flatter, more efficient tax system. mrly better than what we've seen from the front runners. perhaps mr. huntsman should be asked to give the republican response to the president. the two views of what makes an economy grow could not be more different. and then there's "forbes" magazine which asks, could jon huntsman's 15 minutes as gop front-runner be next? he's a staunch fiscal conservative. now that fiscal conservativism is in and neoconservativism is out, his views on our foreign wars will also work to his advantage. the president believes that we can tax and spend and regulate our way to prosperity, huntsman said at a campaign stop in new hampshire recently. we cannot. we must compete our way to prosperity. and joining us now is the former republican governor of utah, former u.s. ambassador to china, and republican presidential candidate, jon huntsman. so there we go, mr. huntsman. "the wall street journal", "forbes" magazine, two conservative publications well known and respected talking about your economic policies