insisting it's time for congress to finally do its job and you'll hear from senator rob portman and the news media telling president obama to go for the throat of the g.o.p. tonight he's fighting back and blaming his critics, all that and much more ahead. on the record starts right now. >> we should start with spending and debt. >> we haven't had a budget here for almost four years. >> in washington d.c., and i think we can agree on one thing that the worst-run institution in america is the united states congress. we need to do something different. >> i've never had this happen in my lifetime. i've never been alive where there is a genuine viceral fear of action by government against individuals. >> it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago. >> i'm very glad that they-- i want to congratulate the house for directing people's attention to the failure of the senate under leader reid to bring us a budget to the floor. >> we support the idea that that ought not to be a political footb

joining us now from new york is republican senator rob portman. et committee. rob, it's good to see you. >> thanks for having me on again, my friend. >> you're welcome. you saw the -- the press conference yesterday, i guess? >> i did. i was surprised. >> tell me why. >> because the president's ignoring the big issue. i mean, he is misleading folks about what's going on here. he's saying we ought to pay our ibms. of course we ought to pay our bills. that misses the point. the point is what are the bills going forward going to be? i mean look we're $130,000 now per family in debt, record levels as you guys have talked about already this morning. if we don't deal with this crushing debt we will not be able to get the kind of economic recovery we all hope for. it's generational theft for future generations. the president says let's extend it and give me a blank check. the point was made in the press confidence, which i thought was interesting q&a that the president himself voted against the debt limit saying it was unpatriotic to run up these huge debt

there was that level of illusion that broke past midnight and past 11:00 on eastern time when rob portmanthe senator from ohio said this is ridiculous. you are not going to pull out ohio. it was like flicking a switch. just as long as it took to do it. >> i heard this from other people and they behaved this way and the romney campaign believed they were going to win up to the end. they were delusional. it's hard to imagine they didn't know the race was slipping away. how did they see it was in that delusional bubble? >> it has to do with the campaigns and you buy in or you don't. for all of you guys, you can tell when people disinvest emotionally and they die. they have to keep swimming. to a certain extent it's understandable. it get itself garbage. the data they were receiving. you guys litigated this over and over and the notion that they were attacking all these mainstream posters for being skewed and biased. they were buying neal new house, the pollster and they were tied in the battle ground states and six of the seven states that were most intensely contested with the exception of

in the senate there are senators like rob portman, max baucus, they have different proposals and ideas on what to do with corporate taxes. on spending reform, to little different. >> and motion to reconsider is laid on the table. >> this thing passes, diane. diane: it's official, the house has passed a deal to avert the fiscal cliff pass by the senate earlier this morning. that deal, rich do you want to go through this for us? 400,000 for individuals, $450,000 for couples. just run through everything included in this. rich: what has does is deal with taxes. preserves the bush era raids for families earning less than four and a thousand dollars a year and individuals born to thousand dollars here but if you earn $10 million a year the rates stay the same for your first 400,000 or 480,000. on investment income, the same idea, 15% top rate capital gains and dividends for families make him less than $450,000 a year. amounts or the night your tax 20% on capital gains and dividends. permanently middle-class americans, tens of millions of fans won't have to pay the alternative minimum tax. th

and republican senator rob portman said that maybe there is a window of opportunity here in the nextr. take a listen. >> both parties need to figure out a way to work together to solve big problems. for democrats, frankly, they are going to need some help from the president laying out what the issues are to the american people and providing them the ability to do what they know needs to be done. >> so, everybody is playing nice, perhaps. but a reporter asked senator portman, who was obviously a key advisor to republican mitt romney back in the campaign how long do you think this niceness will last? portman looked down at his watch as if to say well, maybe a few minutes. the chances are after this pomp and circumstance. after the president and first lady have those dances tonight at the inaugural ball both sides will be going back at it. >> shepard: more clock than calendar for sure. ed henry our main man at the white house. after the streets are cleaned and cleared and the parties are all over we are back to the grind. among the first orders of business this week, an important house

he said he would have liked to hear more outreach while ohio republican rob portman tweeted this. my disappointment was in the speech i think the president missed an opportunity to talk about where we can find common ground. steve king tweeted this, awesome and shockingly liberal address. an epic realignment. so some people said not at all, other people said what i just read. what's your take? >> well, you know, the president won the election so he's certainly entitled to pursue his agenda. i thought it would have been more effective though if he had spoken more in thematic terms. by being as precise as he was is laying out a liberal agenda which is what's usually done in a state of the union. in going back to ronald regan's address, government is not the problem. those are general statements. i thought the way he got specific yesterday made it more of a, again, almost campaign type of address. he's an excellent speaker. even how he was distinguishing the issues, implying that democrats care more about disabled kids than republicans do. he's not going to turn his back on the sick

ohio senator rob portman is here.nd what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pay our bills. i think he's missing the poin

senator rob portman couldn't agree more.nate finance committee and former budget director for george w. bush. good morning to you, senator. when we hear this vulnerability, you agree with that; right? >> absolutely. the president yesterday said we need to raise the debt limit because we have to pay our bills. we're at historic levels, $130,000 per family right now, over $16.5 trillion. yes, we need to raise the debt limit at some point but we have to do it in the context of getting the spending under control. the president says we need to pay our bills. he misses the point. the point is we need to adjust what bills we're paying and how we're paying them. >>gretchen: when he was a senator in 2008 he said the opposite when president bush wanted to raise the debt ceiling. do you think his message about paying the bill resonates with the american public? do you think they delve into the details like you do and understand exactly what's going on? >> it is a compelling message saying we need to pay the bills we've racked up. it mi

decline with what you talked about, to wars, tax cuts, it was less than $200 billion a year that rob portman, now senator, was budget director and since i've gone over a trillion dollars for your said roque's. we had the largest financial crisis since the great depression, huge amount of revenue -- >> we're not going to -- i have another question for mr. hoagland. mr. hoagland, i notice you have some experience on budget issues in the senate to how many years did you work in the senate, and when you worked in the senate, on budget issues, if they passed budgets when you with there? how many times? or did they fail to pass a budget one year, two years, or maybe three years? >> i was with the senate budget, with the budget committee since 1982. and left the senate after majority leader's office in 2007. over the 33 years that we have budget resolutions, beginning in 1979, seven times we failed to get a conference agreement on the budget resolution. unfortunately, over the 33 years, three of those times have been in the last three years. there was one time, and i was staff director of the senat

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it was less than $200 billion, the year that rob portman was budget director. and it has gone over $4 trillion four years in a row. >> we lost huge amount of revenue -- >> we're not going to solve this. i have another question for mr. hoagland. i know you have experience on budget issues in the senate. when you worked in the senate did they pass budgets when you were there? how many times or did they fail to pass a budget one year, two years, maybe three years? >> i started in 1975. i left the senate after 2007. over the 33 years that we had budget resolutions, beginning in 1979. seven times have we failed to get a conference agreement on a budget resolution. unfortunately, over that 33 years three of those times have are been in the last three years. there was one time when i was staff direct over senate budget committee that we did not get a concurrent resolution on the budget. one time. >> time has expired. >> mr. doggett. >> thank you, mr. chairman. has mr. johnson's chart demonstrates, when we concluded the clinton administration we had a surplus, for the

national stage or -- and this was more of a consensus on the political community that they might pick rob portman the senator from ohio because he was so critical and he was a center-right conservative that could appeal may be more broadly, so i think a lot of people were surprised by the choice. >> de degette could have changed the outcome? >> you can say anything. the polling wasn't all that strong. he doesn't that big a presence, but i'm sure that there is a lot of reflection on that. >> this has to do with the point on the adjustment period that president obama felt he had to undergo to become a presidential candidate. help me understand. so you run for governor. what's different? >> the intent scrutiny everywhere he went. most candidates get to begin with very little press or no press. he came so it was like sometimes you start a plane in new haven and take it too broad broadway and he opened on broadway and they were in the front row from the first day said as he was developing as a presidential candidate they were already evaluating him and if you look at the press the first 45 months, it

rob portman from ohio, david gregory, this is part of the tradition, all of this. glued to our tv set here in the stud crow. but this is our business. >> this is our business. this is the president's business, too. this is part of the pageantry of the office and it's what makes the presidency so special. on days like today have you believing in these institutions at a time when they're under fire because of lack of efficiency, for lack of a better term. but the president will seize this moment. not only as a historic figure, two-term president, first avenue can americ african-american president, but somebody who uses the day to do the best he can as part of a restart of the conversation of the american people and with official washington about what he thinks is the people's business. and his ability to influence public opinion. you spoke of that about doris kearns goodwin. that matters a great deal. >> there's the first lady. there has been, to be perfectly honest, about as much talk about her new haircut on her 49th birthday this week as much as any other part of