. >> and john, what abouthis. we have a budget if you can call it a budget that includes tax increases and no cuts at all from our treasury security. >> the tax increase aspect is ridickulous. we have a spending problem . you look at entitlements. i think it is i i don't they should exist. we did make promises and so the idea should not be cutting entitlements and those nearing retirement you will be made but those of you who are not congentitally socialist you n opt out and don't have to participate in medicare and social security. that's how you cut enments. >> by the way, tt grole you heard when john said there was not a spending problem that came from rick and mark. rick, don't we have a spending problem at all. >> of course we do. i don't deny that. why is it not addressed by the president? >> it is this kind muchunging to get usver t fiscal cliff. we are two parts to the solution. focus on the correct entitlements to cut and reorganize medicare so it works but doesn't take us down the drain. >> there are no

neil: i know you work hard in your career, senator, to be bipartisan abouthis, served as a republicancrat in the administration, but many say republicans signed on to this, and, you know, as part of this fiscal backup to a backbo, this was going to be it, and they aggeed to it, and now they are whing about it. >> they signed up feeling the congress would be so concerned about the national security of the country they'd never let this happen, and so now we're in a situation where it's happening because -- neil: equally to plain though; right? >> absolutely. neil: so how do you think this is ultimately settled? >> it's only going to be settled when the reality sets in on all members of congress saying is this what you want for the military? these are the young men and women that you are sending out to fight the battle to protect e ited states ofmerica, our first oblation is to defend this country, and that means having to defriend it abroad, and you asking the men and women on the front lines so say, well, sorry, no agreement, and you have to take reductions even though they don't make

we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease 2013 gl50 for $399 a month at your local mercedes-benz dealer. me for citi price rewind. because your