the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is political games. i completely disagree with what charles said. these people are inherently as a group corrupt. i don't think that's fair. if you want to say they're not doing their jobs well, not making the tough political decisions, that's different from correct. and dagen hit the nail on the head. we support them in these things. we don't want them to cut these programs. we, the people. that's the political problem. >> although, adam, in the election process, we are-- they do make several promises to do the right thing. and when they go there, whether they are he' pressu're us, they don't do the right thing and hence the corruption. >> maybe my definition of corrupt-- that doesn't describe law breaking, things punishable by going to prison so he we may be talking past each other on this. it's difficult to define, charles, what the right thing is. >> the right thing, the right thing? >> should they cut medicare? >> are you serious? we've got-- yes, cut it

they sent me the cbo's report. i just spent four hours going through it. here is the report right here. if mr. barack obama and mr. boehner want to cut spending and they don't want to use an ax and use a scapel they want to have bipartisan, the cbo has laid it out line by line. you cited some of the instances. i came up with another $96 billion just doing very minor simple little things. it would be like you saying to me, i spent hundred dollars a week on gasoline and my budget is out of balance. okay, you are only allowed to spend $99 on gasoline and within ten years we'll be okay. that is how small they are. you watch this thing get demagogued to debt. you are going to raise social security and do it on the backs of old people. >> neil: ten years out and youngest age, no one would be close to retirement age now. leaving aside that, this is incremental efforts to save money and i think a lot of people when they hear the tax thing demagogued, when you three to slow the growth of entitlements you are throwing granny off the cliff, but the fact of the matter

the cbo said that would save $862 billion.y age for social security? that would save another $144 billion. just those cuts we have mentioned and that is a small fraction of them, $2 trillion would be saved. you could get $4.6 trillion worth of savings if the cbos proposals were put in place. mike reagan joins us now. what i just described, government bean counters's bonet ideas. know where are they cutting spending, they are trimming a little bit here and there and yet we are not going to get anything done. your analysis? >> absolutely right. we won't get anything done because where do we put the $50 million for out the subsidies, where do we put the bridge to nowhere, where we put all those things i put into this piece of legislation in the first place. washington knows what needs to be done. the fact is they refuse to do a on a regular basis. that concept about the cbo, would you agree that the american public would say yes, but those we elect to represent us have to go to case street to get permission to do their job. it is

we have submitted to you over 30 letters of support with the majority coming from anchor tenant cbos in the mission, and you will be hearing from many of them today. the aggregate community benefits is in excess of $1,850,000. this is unprecedented for any development project in the mission district, and it will set a new bar for future projects to be responsive to the local community. after 700 of that will be used foreign v-8ing and saving the new mission district which is a treasury you hader community asset. * a unique component of the community benefits package, which has been put in place by the project sponsors, is a community fund bnc of $200,000 that would help support local cbo and community initiated programs. a commercial stabilization fund will also be seeded with 200,000 to help stabilize local small businesses with technical support so that they can remain in the mission district. both of these funds will be augmented through a transfer tax in the future, sales of the condominiums as well as with annual contributions from the theater operation. also a unique component

such that it's, you know, accessible and it's meaningful, and i think that -- that is where a lot of cbo's and people that work in the community were successful doing the outreach with land use and we had to break down the language -- i'm not suggesting people don't have the capacity to understand language that is more lofty and for any person regardless of educational background sometimes it's a turn off and there has to be a way to be sensitive to that because we fail in our attempts to do effective outreach to communities who i think are disenfranchised. that's all. >> supervisor, just to highlight the point that we do have davis and associates, but as we look at the makeup of the team if there is additional -- >> they're brilliant and great and everything but they're land use. seems to me -- i don't associate them working directly with low income communities of color certainly. >> what resources they don't have under their contract what we will have them do is supplement and add resources to their team to accomplish that. >> it will be interesting to see how that works. >> yes. we will

such that it's, you know, accessible and it's meaningful, and i think that -- that is where a lot of cbo's and people that work in the community were successful doing the outreach with land use and we had to break down the language -- i'm not suggesting people don't have the capacity to understand language that is more lofty and for any person regardless of educational background sometimes it's a turn off and there has to be a way to be sensitive to that because we fail in our attempts to do effective outreach to communities who i think are disenfranchised. that's all.

the cbo has a menu for things like defense. with 1% annually there's a hundred $61 billion saved over 10 years. to 1% for all agencies that is 931 billion over the same 10 years and converting the medicare payments

how is it possible and no spending cuts, none, zero, cbo estimate 4 trillion dollar price tag? >> well, it's because the promise that was made by minority leader john boehner two and a half years ago that we would follow regular order if we were given the majority, that we would not bring a bill to the floor that had not gone through committee, been amended, been debated, gone to the floor and been amended and debated and gone to the senate, if it didn't match ours, go to conference. we didn't do that process and as a result we got a deal that ended up not cutting any money and we're still going to spend over a trillion dollars and when we spend a trillion dollars over what we're bringing in, then spending left for our children. i've got two days to see all three of my daughters this year. and i look in their faces and i just think, until we get this right, we're failing the future generations. this is abysmal. we should be making the cuts instead of engorging this generation with money we don't have. >> sean: you know, congressman, i look at this and i'm thinking to myself, fo

there's a wonderful and go to an episode in the book for the cbo, congressional budget office in the mid-90s decides to do the capable, decides to try to calculate the amount of the subsidy, to calculate what fannie mae and freddie mac got in terms of the government said city, lower cost of capital, lower costs of debt they had. it had never been done. the company did nobody to be done because they didn't want anybody having any inkling of billions of dollars in subsidies every year that they were reaping. they also was told to they passed nickel to the borrower, which bpo wanted to test. some are bad, a research analyst has cbo took this on as a study, came up with the figure a kind of calculation of how much the subsidy, $6 billion are sent me in one year fannie and freddie. this is in the 90s one was real money. and so, he's going to deliver this through june o'neill, head of cbo is going to deliver this research to congress. there's a wonderful moment for after they've done all the work and all the analysis can the fannie mae asks for a meeting with june o'neill. so she invites t

neil: i think wall street looking at the consideration b ocean's ideat -- cbo's ideas,trd run to thees if this were approved. >> i agree. this is common sense what you articulated. look an american business when they spend more money when they bringn, in terms of revenue is a burn rate, our burn rate, u.s., is the deficit. so that is where you start. what do we do about the burn rate? how do we slow it down? stop it? how do we get fiscally responsible. >> you could start with discretionary spending. and the subsidies they are talk otalking about years ago, they have no place, but our elected officials are only focused as your other guest told you, reelection. neil: but if you think they were open to what seemed simple fixes, rather than, 88 slowing growth of medicare as with you know giving grandma alpo, smart minds would say ha is not true. >> aircraft agree, i think that a lot of the rhetoric that gets the american people excited is misinformation and positioning by one ideology versus anoth. if you can't to the american public and told them the facts, whether it be social security

the nonpartisan cbo says it adds $4 trillion to the national debt over ten years.ou break it down on deficit, $300 billion per year. how is that possible? >> the president was only off by $4 trillion. well, what he is pretending that this is an isolated increase in taxes. nothing else happens. if that were true, you could say he reduced the debt. of course, it didn't. this is a huge increase in debt and deficit. keeping the taxes the way it were for a decade costs money. part of that is paying for that. >> the cbo says last night we would have had expiration of the bush tax cut and replenished the treasury by money. piece is reduceded. if you exempt population from the increase of taxes then you vastly increase the debt because the treasury is now starved. so obama wants to say the tax cut and he has all kind of new language, which explains everything. in fact, last night he said in the victory lap he said oh,be yes, we may have to cut spending but we have to increase our invest in the education, r&d and road and bridges. investment is the liberal world for spendin

the cbo estimates fiscal year 2013 deficit will be, well,lionf $104 trillion fofiscal year a rl 2013.it's so we get up to 2014, it is going to be about $19.billion -- excuse me, trillion dollars.f $20.3 trillion. we do nothing. amat is if we do nothing aboutpb this runaway spending. responsible government. let's take a look at what1.6 happens. way $1.64 trillion in taxes. $82 billion per year from the top 2%. senates the n same amount of net tax hikes in the president's 2013 budget that the senate rejected unanimously. byl the tax hikes that he is requesting, the national debt by it'll instead of 25.8%, that's where you get cut down. it will amount toll $25.4 trillion.that's we will call at obama wins. a r the national media waiting forii that one. that is what will be. it will be a really dramaticis s scene. i want to show you exactly how anges. speaker boehner wants, oh, yeah? he isgoing to kick some ail. we are going to get to point you leally in dollars and the spending of this country.that'l let me rephrase that. total a $2.2 trillion reduction in thf total plan spending. we are

it is important for us to understand what the cbos are doing. it is important for them to have specific training for their individuals. they should also have some guidelines and some criteria to evaluate their successes, on a quarterly and yearly basis. >> thank you. last question. what are the types of job opportunities that are available for at risk youth? what are the funding opportunities? >> there are not many job opportunities right now. with the way that funding is currently, it is only being reduced. what we try to do is think creative. we try to create an internship programs, where we try to confuse -- infuse youth. we utilize a lot of non-western ways of trying to have youth identified. we infuse political education so they can make a good choice. there are other programs like oasis. there are not many opportunities, not everybody could work -- all the work permits required. it also requires a social security number. alternative pathways are a good way to go, such as those internship opportunities. use these venues as an opportunity to

according to the cbo today the debt level went from -- i'm going to use round numbers, a little underion to a little over $16 trillion. that's 2012 over 2011. this will make the fourth straight trillion dollar budget deficit and the largest increase in debt. it's not being talked about right now. but it is all on president obama's watch at some point he's going to be culpable. >> well, here's the problem, larry. you know, the suggestion put forward by paul ryan really plays right into something you mentioned, but also the broader problem that republicans have right now and that is that at this point, public opinion is on the side of the president. they don't see republicans coming to the table with serious proposals. i think there's a bigger problem with coming forward with short term ideas. i think both a political problem, because that continues to erode confidence that these guys can actually come together and get a deal done. and number two, i think it's ultimately bad for our economy. so i think on both of those fronts that doesn't show a level of seriousness i think that is goin

with unions and companies and cbos we needed to develop a more cohesive hiring process and that is what we worked on. we had a success story working closely with the carpenter's union, where we have two returning veterans, i think from afghanistan, to essentially pre-screened through a community-based organization -- out of a group of 75 possible veterans through a craigslist ad and got them in for an interview. liked their attitude, their demeanor, their work ethic. they are both former marines and hired them into -- actually sponsored them and they went into the carpenter training pre-apprenticeship program and they could have skipped that and gone right in as an apprentice, but they wanted to see if they really liked the carpenter program. so this is a replicable hiring program that we're going to try to push out and we ha

if you look at obamacare, the costs have risen dramatically according to the cbo. in the past year as it started to be implemented. >> for example, we got into wind power. after $20 billion of subsidee it costs more to get energy from wind power than it did. or let's go back to medicine itself, medicare. look at medicare. the biggest government invasion in the health care program we have had in our lifetimes and they lose $60 billion a year on waste and fraud. you call that efficient? >> it depends on what your philosophy is here. >> wait a minute. wait a minute. >> mark, hold on a second. mark, just answer the question. is $60 billion of loss in medicare a year to waste and fraud efficient? >> if your figure is correct, no. >> the figure is -- by the way the figure comes from the hard right conservatives. >> let me answer the question. let me answer the question. look, it depends on what your philosophy is here. no government is as efficient as the private sector. but the private sector is rationing care. it is only available to people who have lots of money and p

and cbo is going to revise these.ally per month, we're looking at $250 billion worth of revenues per month. if you take out debt expense, medicaid, medicare, and social security, you have already absorbed, let's see, 65% of those revenues. and i haven't even put in, veterans benefits, smaller entitlements, and politically sensitive programs. >> right. >> to me, that's an unnecessary explosion and the numbers just don't work. >> well, but larry, again, you have to compare this to the alternative. the president's saying just give me an unlimited debt ceiling increase and we're not even going to have a conversation about spending. remember, this president hasn't been willing to address any kind of meaningful spending reforms except once in the context of the last time we addressed the debt ceiling. i just think it's so important we have to do this. i'm certainly hoping that it doesn't come to actually having some partial government shutdown and a scenario you described where some bills get paid and some don't. that's not

but my concern is when funds are given out to so-called cbo's or the same people, it do not reach in my community where it need to be reached. i requested that i would like to see when funds are distributed to so-called groups that are doing something in my community. including the health department, i talked to dr. garcia and learned of 49 groups dealing with the healthy department, then bay view hunter's point should be the healthier community in the world. but people are sick and dying in that area. i asked that when funds are distributed into my community. i would like somebody from your staff to come before the black human rights council of san francisco, which i founded. to make sure that the funds are going to the right groups to help in my community. and that includes the health department. i talked to dr. garcia about the same thing. our people in the area they don't have just one problem. they may have cancer in the brain and breast cancer and they may have mental ill businessnni one is treating the entire body in bayview hunter's point. i want to thank you for allowing me

with unions and companies and cbos we needed to develop a more cohesive hiring process and that is what we worked on. we had a success story working closely with the carpenter's union, where we have two returning veterans, i think from

saying we're talking about millions jobs saved or created and other estimates range from 1 to 4 million cbo estimates. so i'm glad we agree that stimulus spending does stimulate the economy. >> i'm not in agreement with that, i'm sorry, there's no agreement on that. the bottom line, when you -- when government spends there's no profits, they're not making any money out of it, it comes out taxpayer dollar and we are he doing deficit spending here and guess what, that has to be paid back eventually. >> brenda: right, gary k. but the stock market isn't agreeing with you, wall street isn't agreeing with you, had an incredible week. i think the best week for stocks since december of 2011. >> right, but remember, that was, you know, that was relief rally off in the fiscal cliff. if you're going back to the big story here, you know,ary b, in this particular round of pork, which is a gigantic round about 65 billion dollars, you realize that corporations in the united states, all the taxes they paid in 2012 was about 150 billion dollars. so, on a big scale here, what we're seeing is, that we're givi