also tonight, ari fleischer and james carville get in a heated exchange. john mccain today snacking down fellow republicans. he's providing a reality check and so are the financial markets. the dow industrials today dropping nearly 200 points, making it four losing days in a row. the nasdaq and s & p down even more sharply. now, anyone with a 401 k has got to be worried at this point and watching this closely or should be. but assume for a minute that washington gets in gear and passes some kind of debt reductions deal before the treasury runs out of money and the markets react. will it be the kind of deal that most americans say they want? keeping them honest, the answer seems to be no. take a look at the latest cnn opinion research center polling. it shows 64% prefer a budget plan with a mix of spending cuts and tax increases. 34% say cuts only. that's consistent with other polling which is averaging nearly 2 to 1 in favor of what president obama and others call a balanced approach. he said on monday that's what he wants. you say that's what you want by

coming up next, ari fleischer and political writer for "the washington post."g "morning joe. boy, i'm glad we got aflac huh. aflac! oh, i've just got major medical... major medical. ...but it helps pay the doctors. pays the doctors, boyyy! [ quack ] oh yeah? what about your family? ♪ we added aflac, so we get cash! it's like our safety net... ♪ to help with the mortgage or whatever we need! so my family doesn't feel the pain too. ha! [ male announcer ] help protect your family at aflac.com. [ pigeons ] heyyy! hooo!!! ♪ ♪ [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. ♪ experience the summer of audi event and get over 130 channels of siriusxm satellite radio for three months at no charge. >>> the rupert murdoch communications empire is in a lot of trouble because "news of the world," the newspaper in london has been accused now of allegedly hacking in to phones, cell phones, of other people and listening to messages and conversations. so, tonight, ladies and gentlemen, even the royal family -- >> yep. >> even the r

ari fleischer, james carville, thanks so much.l, we're on facebook, you can follow me on twitter @ sanjay gupta. >>> rupert murdoch's testimony in the hacking scandal was part of the story today. a three-ring sir cuss accompanied it as well an attack on piers morgan and his stinging counter punch >>> japan's credibility gap getting wider. just a week ago the government said beef from nearby areas was safe in small portions. now it's saying don't even take a bite. we'll have details shortly. first let's check in with isha sesay >>> a stunning revelation in the casey anthony story. the 84 internet searches for chloroform she allegedly made? turns out the real number might be just one. says who? what about the prosecution's duty to tell the defense? answers coming up when 360 continues. my cream is what maks stouffer's fettuccini alfredo so delicious. i think you'll find it's the vegetables. deliciously rich. flavorful! [ female announcer ] together at last. introducing new stouffer's farmers' harvest with sides of lightly sauteed fa

bush press secretary ari fleischer. these days you can follow him at twitter.com/ari fleischer.8 gloria borger and my guests tonight. >> gloria borger, one reason we know there might be some progress, everybody is nervous. the democrats are nervous the president might be selling them out on social security and medicare. republicans are nervous, speaker talking about tax increases with the president of the united states. what are your sources telling you specifically about where they are? >> they're telling me the same thing. everybody is nervous and there is no deal until there's a deal. and a good sign, john, is that the president is now meeting with democrats separately. because it's very clear that he has to kind of tell them, this is what's really on the table. and he has to get their input. and then the republicans are meeting with members of their own caucuses. and that's also a good sign. so it's very clear they're running things by their own constituents in congress. but having said that, i think the big obstacles are still the big obstacles. the question is, will you ra

fleischer? >> i largely agree with that. my preference would be to limit on the interest side, limit interest deductions. the benefit their issue could reduce corporate tax rates, which reduces all sorts of incentives to tax planning. >> i think this is an opportunity that one should not squander. there is the possibility of more comprehensive a purchase. -- more comprehensive approaches. to try to fix this on the margin is not as viable. >> mr. johnson? >> my suggestion for the nonfinancial sector is to have an allowance for a corporate equity, or you are allowed to deduct some of the dividend payment based on the normal rate of return of capital. for the financial sector, i am proposing that you tax excessive leverage. that is what generates -- is a form of pollution. it is a bad form of pollution that does not hit every year, but every five, 10 years it has nasty consequences. you should use that as general revenue to reduce tax rates on other parts of the economy. it is those parts of the economy that will be hit hard wh

i talked about the impact the story not have with ari fleischer. we spoke earlier. >> paul, do you believe mr. bachmann's explanation that this isn't the focus of his clinic though he doesn't deny that he and his counselors would try reparative therapy and have tried it? do you buy that -- his explanation? because in the investigation that was done by that group with the hidden camera, i mean, in his lobby they are selling a book by somebody who claims to be ex-gay talking about getting out of being gay. >> well, his position seems to be, i will practice a crack pot theory if people ask me to practice a crack pot theory. what if somebody comes in and says, will you try santoria or voodoo or astrolly? would he adopt them? that's what this is. the notion -- first of all they call it reparative like your sexual identity is like a muffler or something. take it into the shop and repair it. it's a crack pot theory and bigotry. having said that, i do think democrats in the left have to be careful here. he's not the candidate. i never like going after peop

i talked with paul begala and ari fleischer. >> paul, both sides are trying to get in front of this. point does it look like the white house is making a dent in this battle? from your perspective how do you see it? >> certainly from the polling -- and i'm sorry to be so political but i'm a political hack. that's why i'm on. the president, there's a quinnipiac poll that says the president has a 14 point advantage right now over the republicans on this. i think it's impressive. because he's shown the most political courage. he has put medicare cuts on the table. 78% of americans oppose cuts in medicare. but he's put that on the table. he's apparently put social security on the table. the republicans won't even put low-hanging fruit like tax breaks for oil companies and for corporate jets on the table. so i think the american people are being fair. they're saying, look, if we have to take these cuts in programs we believe in, we should also ask wealthy americans to pay a little bit more, too. that's where the president is. i think he's definitely on the right side of this. >> ari, in te

fleischer i mean i mean is it isn't considered like normal in the radical islamists villages and communities are going to do such things to what i like to think of this more. domestic violence more than looking at it from the perspective of islam i don't connect that i don't connect would you call it an exception or things like that happen i would say things that there happened but i don't know how often to their extremity that you do for example when i was in kabul i went to the self immolation hospital where because women are suffering so much within their homes they has been soames they try and turn themselves poor petrol on themselves and their track and it's sad in that way so there's definitely violence against women. we started talking about this story you said you saw it all started when time magazine told you to go to kabul and take eighteen eighteen years of age eighteen people said so so you did all of them well eighteen you met only we did eighty stories eighteen portraits one of them success stories where they are the happy ends happy stories among mentally a photograph that opr

fleischer. we appreciate your involvement in this as well. the congressional research service has found that over the life of a loan, half the value of the interest deduction is now inflation. is that not another argument for limiting the deduction to which non inflation [unintelligible] >> i think it is. i think there are different ways to limit interest deductibility. i think you what to think about inflation as one possibility. my own personal opinion would be a comprehensive business income tax, which would be simpler along those lines. >> thank you mr. chairman. my time is up. >> thank you. mr. herger is recognized for three minutes. >> thank you, mr. chairman. several of you mentioned that the tax code bias towards debt investment may encourage some businesses to take on an excessively risky amount of debt, increasing the risk of bankruptcy and the associated costs to society. while the most serious of these consequences is the loss of jobs resulting from major bankruptcies. since one of the most important issues facing congress is the

and a very spirited exchange, a heated exchange between our james carville and ari fleischer. >>> alsol have the latest on the investigation, including what the prime minister of norway says now about how long this man could be behind bars if found guilty in a country where the maximum prison sentence is just 21 years. >>> plus polygamist leader warren jeffs on trial in texas for two counts of sexual assault of a child. jeffs is the head of the flds. tonight gary tuchman goes inside an flds community that one private investigator calls the most lawless town in america. that's tonight's "crime and punishment." those stories and tonight's "ridiculist" at the top of the hour. more "piers morgan" in a moment. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. ♪ ♪ i'll set you free ♪ oh, yeah ♪ i am in misery ♪ there ain't nobody who can comfort me ♪ ♪ oh, yeah ♪ why won't you answer