this week, pat toomey, a club of rome republican, proposed an increase in tax revenues. if you or a republican and conservative, a cloud of -- club of rome conservative, even proposed raising revenues as long as marginal rates go down. the way he square that is closing loopholes, which is what he proposed. this is not history, it is not hypothetical, israel. > -- it is real. >> club for growth is what pat toomey -- >> i retract that and i want to amend and extend my remarks -- >> rome was people who argue for scarcity. grover norquist argues that this was a play by the republicans. we are now paying 15% of gross domestic product in taxes. that is the lowest percentage in 60 years. 60 years ago, there was no medicare, 60 years ago there was no medicaid, 60 years ago there were no cost-of-living increases under social security. 60 years ago we did not have a $700 billion defense budget. the reality is that anybody -- no rational person believes that we can do anything about this debt without tax increases -- >> but i just said to you -- >> of a substantial nature. >> >> th

this week, pat toomey, club for growth republican, proposed an increase in tax revenues. i am trying to explain that if you are a republican and conservative, you can propose raising revenues as long as the marginal rates stay the same and go down. the way that you square that is by eliminating loopholes, which is what he proposed. this is not history, it is not hypothetical here it is real. the democrats have said now. >> club for growth is what pat toomey -- >> i retract and amend -- rome with the people who spoke about scarcity. >> i'm wondering if we're done with the capitals. >> grover norquist acknowledged this was a ploy on the part of the republicans. two facts that ought to be borne in mind. we are paying 15% of gross domestic product in taxes. that is the lowest percentage in 60 years. 60 years ago, there was no medicare. 60 years ago, there was no medicaid. 60 years ago, there were no cost-of-living increases under social security did 60 years ago, we did not have a $700 billion defense budget. the reality is that anybody -- no rational person believes that we

first republican senator pat toomey who offered a compromise . nator toomey welcome back to fox news. >> guest: thanks for having me . >> chris: where do things stand 10 days out? what do you think of the realistic chances of making a deal by wednesday? >> guest: the clock is running out. we have no time to waste. i stay here this weekend as most of my colleagues did and we'll continue the various discussions. i intend it work hard as i can. >> chris: where would you say the talks are right now. >> guest: it is a difficult point. we have a ways to go. >> chris: what are the stakes if you fail to make a deal and on december 23rd. automatic triggers come in. what is the impact on the markets and economy and u.s. credit rating? >> guest: i think there will be further erosion of what little confidence that -- of our government. this is an attempt to try to make important progress. it would only be the first of many steps . we have dug a deep hole for ourselves. it is important to be successful. >> chris: you offered a plan that breaks with the republi

pat toomey and james clyburn. a fox news sunday exclusive z rick perry's 53 second oops moment during a presidential debate. we'll ask our sunday panel about a g.o.p. race that's now wide open. and our power player of the week, turned a new kind of t-shirt in a billion dollars a year business, all right now on "fox news sunday." >> chris: hello again from fox news in washington. this weekend the penn state football team took the field without joe paterno for the first time in 46 years. he was fired after a scandal about a former assistant coach allegedly abusing young boys, some on campus. in the stadium thousands wore blue instead of white to express sympathy for the victims. we'll talk with former penn state football great frank owe harris and the student body president. as governor, you're a member of the board of trustees at penn state that voted to fire joe paterno but never gave a reason why other than to say you're going a new direction. why did the board vote to fire joe paterno? >> chris, i believe the bo

. >> pennsylvania republican senator pat toomey is a member of the debt reduction super committee. the super committee was created by congress in august with one task -- cut the u.s. national debt now at $15 trillion over the next 10 years by at least $1.2 trillion. 12 members sit on the murray. house democrats becerra, kleberg, van hollen. a circle. majority of this 12-member super committee, seven out of 12, must vote yes on the super- committee bill by november 23rd, this coming wednesday! so it can reach the full congress for a final vote. but even if congress fails to pass the bill, get this, it makes no difference because an automatic trigger will will go effect. that means if congress votes no, the national debt will still be reduced to automatic cuts worth $1.2 trillion. half of those cuts would come from defense, half from domestic programs, including medicare. many believincluding medicare. many believe the super- committee will not reach its thanksgiving eve deadline. why? taxes. democrats don't want to deal that doesn't include tax increases. they want to boost governme

. >> the democrat you heard from at the end there, co-chair of the super committee and then pat toomey from the super committee republican at the top. i think you get what i'm saying. both of them say, hey, i'm ready, i'll keep talking as long as you come to me. the problem is, they're both saying that and no one's moving and the truth is that behind the scenes, staff is admitting that this is over, at least barring any unexpected development. >> right. let's be honest, lisa, a lot of americans will say, oh, they failed. what a huge surprise. people weren't expecting anything out of -- they don't expect anything out of washington. did these specific lawmakers go in with an attitude that this wasn't just an exercise in futility, that they did think they were going to accomplish something here? >> i'll tell you from standing outside these meetings, watching these lawmakers go in and out, and they've spent sometimes as long as six, seven, eight hours day, a few months ago, working out these problems, i really believe these lawmakers were serious. i've talked to staff behind the scenes. i

we agree on, doesn't make a lot of sense to me or senator coops either. >> where do you see on pat toomeylleague from pennsylvania who is a fellow republican, tried to come up with some way around the no tax pledge, and now we hear from luke russert that 72 house republicans have signed a letter saying they won't go for any of that. >> first of all, i think pat toomey deserves a lot of credit. he has credentials that are unquestionable. i'm glad he's in that room. i object to the whole process of the super committee, i voted against it and thought it was a bad idea and i continue to think it was a bad idea. this is major public policy. some of the biggest things we'll do around here and it's all being done in secret behind closed doors without any public input or deliberation and it's going to come out at the last minute and we'll get an up or down vote. that's really bad. with respect to 12 members of the committee who are working hard and trying to get a result good for our country, you ask about the no tax pledge. i'll tell you where i come. it's about simple belief that i have that ra

then senator john kerry came on "fox & friends" yesterday with an offer for senator pat toomey to endff. today senator toomey here to respond. what really happened behind cled doors? looking good! you lost some weight. you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announc ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. how do you know which ones to follow? the equity summary score consolidates the ratings up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >> gretchen: top of the morning to you. it's tuesday, before thanksgiving, it's november 22. i'm gretchen carlson. thanks for sharing your time with us today. the super committee couldn't cut it. the potenti

particularly from someone like pat toomey. matt's point, people are looking at this, i think, they're going to see two things. one is, this feels like greece two years ago. a country that's not able -- even in a small way, 1.2 trillion out of 42, to make a little step forward. it makes the government look bad. it's just not a good thing. >> the president loses in this. democrats in congress loses in this. the republicans in congress loses in this and the people in the country. >> this was just a terrible idea. >> a horribly tragic thing. >> because it's a political issue, it's not a technical issue. not a small compromise. we have to make a decision of what kind of country we're going to be. >> we'll have at least some direction, at least way the republic wants to go. >> we thought we had some direction ten years ago. the country goes back, the congress goes back to this poll rad poll raised atmosphere. >> this is a transaction cost of democracy. the congress far from being dysfunctional is functioning as a representative inst

we came up with taxes -- pat toomey. the only thing -- the fact is the only thing they said that would be contingent on keeping the bush tax cuts for rich people. >> eric: where is obama? where is obama? asia, hawaii playing golf. should about he be involved in this process? >> kimberly: he wasn't anywhere and phoned it in from hawaii. he wants failure because that's what he will run against. last week they said yeah, we're hands off because it's a congressional issue. this is the deal they cut to get the debt ceiling deal. now, today, the spokesperson says of course, the president has been very involved. of course, we are urging congress to get a deal done. this is leading from behind domestically. i think the white house takes blame. >> kimberly: you associate it with failure again. >> eric: he knows they never buck from the -- >> kimberly: he knew the outcome. >> greg: he is calling from hawaii, which isn't part of america. >> greg: thank you. >> greg: who benefits politically from this? is everybody tarred? >> kimber

and it is that expiration date that has allowed pat toomey to outsmart grover norquist.nia's junior senator but tonight, i regard the senator and his staff with nothing short of awe for unlocking the norquist pledge. it's over, grover. you're expiration date has arrived. [ male announcer ] in his eyes...a race needs no finish line. ♪ in her eyes... the world is never too big. in his...the weather should never keep you inside. ♪ because they see no limits, there's eukanuba nutrition designed to help their body go as far as their mind wants to. eukanuba. extraordinary nutrition for extraordinary beings. see the difference in 28 days or your money back. ♪ ♪ [ male announcer ] everyone deserves the gift of a pain free holiday. this season, discover aleve. all day pain relief with just two pills. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll

and it is that expiration date that has allowed pat toomey to outsmart grover norquist.l have many disagreements with pennsylvania's junior senator but tonight, i regard the senator and his staff with nothing short of awe for unlocking the norquist pledge. it's over, grover. you're expiration date has arrived. ♪ ♪ ♪ when the things that you need ♪ ♪ come at just the right speed, that's logistics. ♪ ♪ medicine that can't wait legal briefs there by eight, ♪ ♪ that's logistics. ♪ ♪ freight for you, box for me box that keeps you healthy, ♪ ♪ that's logistics. ♪ ♪ saving time, cutting stress, when you use ups ♪ ♪ that's logistics. ♪ >>> she's had to miss 98% of the votes in the congress she loves. so today, does she think she can go back to washington? >> no, better. >> it's better? >> i -- oh -- >> she wants to get better. >> better. >> you want to get better. >> better. >> and so you think to yourself, i'll go back to congress if i get better. >> yes. yes. yes. yes. >> and that's where you are right now. >> yes, yes, yes. >> that was arizona congresswoman gabrielle giffords

. >> but with failure, real possibility super committee senator pat toomey said there has been a concertedort to reconfigure the automatic cuts which suggest to some they were never really a serious threat. >> the cuts weren't even going to encourage until january 2013. one congress can't bind the hands of future congress. >> super committee member jon kyl says the group has until sunday night to produce legislation for the congressional budget office to evaluate, but there are already signs this panel of 12 is on life support already. shannon? >> shannon: mike emanuel live on the hill. thank you, mike. >>> president obama has signed legislation to keep the government running through december 16. the president used what is called an auto pen to mechanically recreate the actual signature and sign the bill from indonesia. now to the folks trying to replace the president. one of them enjoying a good run lately. chief political correspondent carl cameron reports on the latest bit of good news for a former speaker of the house. >> newt gingrich has become the first candidate in more than a year

you had key members today. >> we did, rep pat toomey, democrat jim clyburn.e this and i can't say signs were positive. republicans have agreed to $250 billion in revenue but also some dramatic tax rate cuts. and the democrats say that's a nonstarter. the democrats are doing things like calling for i think 800 or $900 billion savings by not spending on the wars in iraq and afghanistan. i have to say, maybe there's something going on behind the scenes but listening to them, i had no sense they were far off their original talking points. >> what i thought was interesting they expressed hope and belief something could come together. >> it was interesting because i said so clyburn, you don't have much time. he said we have ten days, a lot of time. having covered congressional negotiations and labor talks, they only get done at the last minute. under the threat of going off the cliff, whether a strike or in this case, automatic triggers of $1.2 trillion in cuts. is there room? yeah but what truck struck me is to the degree they're having the same conversation, demo

joining me now is former supercommittee member pat toomey, republican of pennsylvania. thank you very much for joining us. >> good morning. thanks for having me. >> i just wanted to ask you, you know, the ranking republican on the supercommittee said that he really worries for the country and wonders how long this country has to actually put itself back on a sustainable plate. do you think anything is going to happen? before the 2012 elections in this regard. >> i certainly hope so. i'm terribly disappointed. i think our country would have benefited enormously from a constructive agreement by this committee. the silver lining is the $1.2 trillion in deficit reduction. which was the goal of the legislation that created our committee. it will still go in effect. it's important that some configuration of those cuts, happen, and i do think that that we republicans put a very reasonable plan on the table that will have broader support. i hope that we'll be able to advance at least parts of it, sub components. i'm hopeful that we'll make some progress there. >> you said that

supercommittee mabe member pat toomey on what it will take to break the logjam. >>> also today -- the immigration wedge. gingrich calls for a humane policy and mitt romney pounces. >> i don't see how the party that says it's the party of the family is going to an immigration policy that destroys family. >> amnesty is the magnet. >> our powerhouse roundtable. the last crucial month on the trail before voters get their say. >>> bbc takes us to syria, where we get an exclusive look at the uprisings. >>> and our thanksgiving interviews this weekend. colin powell called to service. how americans can give back. >> the issue here isn't the 1% that are in military it's the 99% that are not. how to make sure they find it to be a call to serve. >> and matt damon, gift of hope for the world's poorest. >> you see what happens when people finally have clean water. you see how life changes. >>> good morning. welcome to the program. we have a big show for you this holiday weekend. >>> but first, some news since your morning papers. newt gingrich snagged a major prize of this campaign season today, a

the recor yes, tom coburn to suppo t on simpson-bowles and he was excludedrom the committee did pat toomey was on the committee. he endorsed $300 billion in revenues over thet 10 years, $30 billion a year, under e condition, that the bush tax cuts nimply be retnened, but at the highest rate be cut to 28%. democrats think they have a winner polititically on this. they didn't -- juslet me finish if f i could, charles before you i interrupt. this discredits government it discredits congrs, and it helps repupublicans in 2012. >> what i don't understand is how you n sayay oh, yes, the republicans would have increased revenues, butecause the rates were lowered, it is not a good idea. who cares? do y think the chinese who ow our debt, caree about the rates? what they care about is the net revenues and the deb per you can do it with lower rates, and it is a win-n-win. >> that is a big if. >> is tha -- is there a silver linining here? >> that is the other thing the and not going to let the automatic cuts take place. that is the further damning thing about our system. we have no way of straightening

. >> republicans, including senator pat toomey, blamed democrats, saying they refused to get serious about cuts to entitlement programs like medicare and medicaid. >> there was an unwillingness to cut any spending at all unless there because hunting tax increase. >> towards the end of the process, the divide was clear with six republicans and six democrats typically meeting in separate rooms. proposals and offers were passed back and forth but non-gained any traction. >> the super committee is not so super. >> dave walker, former u.s. comptroller general, says the automatic cuts that will take effect if the committee fails aren't threatening enough to get a deal. >> they're not supposed to happen until 2013, so there's always a risk that they could try to repeal all or part of it next year. >> reporter: some republicans, like senator jon kyl, say they're already planning on it, hoping to dodge painful cuts to defense spending. >> we'll find ways to work around that. >> if there were last-minute efforts to strike a deal, you wouldn't know it walking around the capitol today. there wer

pat toomey, last guy i expected to do it, is responsible for some of it.et's see where we're going. europe's debt crisis is partially america's problem. what it means specifically for your investments and job search. coming up next, stay with us. state farm. this is jessica. hey, jessica, jerry neumann with a policy question. jerry, how are you doing? fine, i just got a little fender bender. oh, jerry, i'm so sorry. i would love to help but remember, you dropped us last month. yeah, you know it's funny. it only took 15 minutes to sign up for that new auto insurance company but it's taken a lot longer to hear back. is your car up a pole again? [ crying ] i miss you, jessica! jerry, are you crying? no, i just, i bit my tongue. [ male announcer ] get to a better state. state farm. real, objective investing help? that's a little harder to find. but here's what i know -- td ameritrade doesn't manage mutual funds... or underwrite stocks and bonds. or even publish their own research. so, guidance from td ameritrade isn't about their priorities. it's about mine. s

and pat toomey and the republicans did take a deal to the democrats that would raise 250 billion dollars in revenue. it would lichlt deductions, but lower tax rates even further and the democrats won't touch it, they don't want to reform the tax code. they want to raise taxes, pure and simple and they're trying to back the republicans, they're trying to back republicans, let me finish my sentence. back republicans in the corner, the republicans the only deal to a budget, the only barrier are the republicans and they're not willing to raise taxes. >> neil: all right, charlie. >> politics. >> i don't think, i mean, look it, herman cain is still leading, the leading republican right now. why is that? there's something going on in the republican party. if you raise taxes and you're a republican, you are dead meat. i don't think any republican could go along with tax increases right now. i think it's totally-- >> you know, i do agree that everyone is-- >> everyone's looking at the political talking point and suzie, my problem with locking yourself into the talking points then even republicans

pat toomey was on the committee. he endorsed $300 billion in revenues over the next 10 years, $30 billion a year, under one condition, that the bush tax cuts not simply be retained, but at the highest rate be cut to 28%. i would say this -- the democrats think they got a winner politically on this. they didn't. just let me finish, if i could, charles, before you interrupt. this discredits washington, this discredit congress, and the more it does that, it helps republicans in 2012. >> what i don't understand is how you can say oh, yes, the republicans would have increased revenues, but because the rates were lowered, it is not a good idea. who cares? do you think the chinese, who own our debt, care about the rates? what they care about is the net revenues and get. if you lowered the debt and can do it with lower rates, it is win-win-win. >> that is a big if. >> is there a silver lining here? >> that is the other thing, they are not going to let the automatic cuts to take place. that is the further damning thing about

i, pat toomey, but i didn't put in enough revenues.hom? >> senator shumer. >> he's on "meet the press" today. >> yes. the question now is to leadership. the supercommittee was a product of leadership, it didn't work out. what are they going to do next? we can't sit back for a year and do nothing. we need to take action. proactive action. it needs to go to leadership, what are they going to put in place to make sure plans are considered and move forward. >> i'll play chuck schumer. that's what we come back to. >> he says we should only raise taxes on millionaires and above, not even $250. two parties agree on much more than they disagree. in terms of taxes. >> perfect. >> that's the point. you just don't have that much leverage. what democrats have leverage on is we want to let the upper income tax cuts expire. they are $800 billion. that's the kind of number we should be talking about. it's a more rational starting point, i think. >> maria, what would you ask? >> i would like to have a sit-down with colin powell and give a brief of wha