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usually say it is this debate about what's the right path to fiscal sustainability it really began with boles-simpson and that's where it's going to end. the framework the president laid out, although it differs in small respects from the basic framework is very close to that basic design. that's the neighborhood in which we've planned to govern. we think that's the only path to resolution politically. that's where it's going to end up. what that requires is tax reforms that raise a modest amount of revenue tied to spending savings across the government, but still preserving some room to invest in things that matter to how we grow and move forward. i think it would be -- it would be helpful to confidence to have both sides say, and we've done it that we're willing to negotiate a framework that moves in that direction. again, that's this is where this has to go. there's no i think plausible way to get there economically or politically without that type of balanced framework. again, it marries tax reform with broader spending reforms to reduce the rate of growth and long-term commitments on health care

senator doe menchy, the simple son boles commission, every one of them has said we cannot get our budget in balance without new revenues. in many contrast, republican presidential candidates when offered the choice of $1 of new revenue for $10 of reduced spending said they wouldn't agree to a bipartisan agreement like that. would you? >> ten to one? >> yes, sir. >> yeah, this will prove i'm not running for anything. let me finish. >> i appreciate your candor. basically we cannot close the budget gap without addressing both spending and revenue as all of those bipartisan commissions have recommended. wouldn't you agree? >> if you could bring to me a majority of people to say that we're going to have $10 of spending cuts for $1 of revenue enhancement, put me in, coach. >> problem is the ten never materializes. mr. langford. >> i've never seen a $10 -- that would be wonderful. let's see it. that would be spectacular. >> thank you. thanks all of you. it is interesting when you talk about targeted tax cuts we seem to go back to the same areas that all the problems in america seem to reside ar

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. >> romney: simpson boles went through a process in how they could reach a setting in how they endedsal, even more revenue for the government with lower rates. mathematically it's been proved to be possible. >> cenk: so, in other words, no, i'm not going to tell you any of the deductions. will you tell me if you'll take away the deduction from your dressage horse. he's lying. >> forget lying. it seems like he doesn't even know. it seems watching that he has no depth of knowledge. like he's one of the farm animals. >> cenk: he doesn't want to know. in reality his tax cuts for the rich create $2.5 trillion hole in our budget. $2.5 trillion going to the rich. the average 1 percenter under romney's tax plan would have a savings of $725,000 that blows my mind. all this horse stuff as it goes to the summer olympics. does that hurt him or help him. >> i don't understand why dressage doesn't hurt but windsurfing hurt john kerry. i don't under how that works. our country is made up of people who watched the queen's jubilee like me, at the expense of american politics. we watch the real house

. >> norm, last week when we had amy gutman on she referred to the simpson boles commission.ns were looking for compromise on tackling america's debt and deficit and took some hope in they by partisan simpson boels commission and they faded away when president obama refused to back his own commission's recommendations. other presidents have faced opposition from congress before. how much of this republican/democratic not getting together, not doichk the tan goe thing, how much needs to be reflected on the president is this. >> i think the president made a big mistake in not endorsing simpson boels in the state of union message a year and a half ago. let me mention this, allen simpson himself said that he understands in a way what the president did because as he said, if he supported it they would have opposed it. when the president said very positive things about the gang of six plan in the senate, this shows it's not about conservatism, this is tom koeb ran mike crepe poe, hard carrying conservatives supporting a plan that supported rev nus top aide to the praub leader in th

that one that was headed bier skin boles. that envision, $2 billion in increases in revenues.ly tax rates would go down. but the tax code would be so simplified that there would be a surge of new revenues into the federal government. you know, americans with tax reform, and that group are saying, no. that is a tax increase. we're not going to accept that. but i think a lot of republicans are starting to say, you know, we may have to make some changes in that philosophy to head off these kinds of defense cuts. >> from the new york time, great to see you today. thank you. >> we're going to take you down to florida where george zimmerman is back in jail and his wife could also be in some legal trouble after prosecutors say the couple misled the court about zimmerman's finances. the 28-year-old surrendered yesterday. two days after the judge revoked his bail. with his wife's assistance, prosecutors say that zimmerman deceived the court about $135,000 that was raised for his defense through a website. zimmerman's own lawyer admits this is a new challenge for the defense. >> it's a

he's accusing the republicans of running up the dinner tab and then trying to bole the check.t the president will be going back to that message up in cleveland later today. it will be interesting to watch these two go head to head right around the same time, 1:45 or so this afternoon, carol. >> we'll be listen. jim acosta live in cincinnati. you heard jim mention it. while obama is in cleveland he'll be fighting romney's economic plan and outlining a plan of his own. mr. obama's expected talking points according to a campaign official, the president will say the economy grows from the middle class up, not from the top down. he wants to focus on education, energy, and infrastructure, and that the president will head to new york city for a fund-raiser dinner co-hosted by sarah jessica parker and anna winter, editor of "vogue." $30,000 per plate. and obama goes to another manhattan fund-raiser where mariah carey will sing. ♪ this one is co-hosted by newark mayor corey booker. one reason the president is doing so many celebrity fund-raisers, he's trying to compete with gop super p

>> well, it has only become really a ripe issue in the last year or so sense the simpson boles commissioninto office and people were talking. we have all known that social security and medicare were ticking time bombs. >> we have all known that but the republicans haven't had a plan until recently either. >> he is the president. >> he had other things more urgent. the stimulus act. >> meantime, democrats are urging congress to pass the president's jobs initiatives that would put more construction workers and teachers back on the job. shannon? >> shannon: steve centanni with the latest. thank you, steve. tuesday's recall election is the most expensive in wisconsin history. candidates and groups are spending more than $63 million. some view the race as the future of public sector unions. the race is too close to call. wiz's republican lieutenant governor rebecca kleefisch is facing a recall challenge from madison firefighter malan mitchell. she joins us live. thanks for joining us today. >> thanks for having me, shannon. >> shannon: this is the the second round of recalls that wisconsin is

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with support and assistance from the heinrich bole foundation, we've brought together a very distinguishedset of speakers from all around the world. our panels this morning will address two of the most pressing arms control challenges that we face today. our first advancing further progress to reduce the role, the number of the world's global stockpiles of nuclear weapons and second and perhaps more urgently, advancing effect bive dip romatic -- diplomatic solutions to prevent the spread of weapons to states such as iran. to close out the conference over lunch, we're honored to have undersecretary of state for arms control and international security, rose cut muller -- cut miller. she'll bius the obama administration's view on recent progress and the next steps ahead. and then let me also just note you'll see in your program members of the arms control association are welcome to join us at 3:45 in the afternoon for an informal discussion of program priorities. and then at 5 p.m. we invite friends and colleagues of the late stanley -- [inaudible] to join us in honoring the former army secre