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simpson bowles proposal. >> simpson bowles. >> the bowles simpson commission. >> simpson bowles commission. >> the simpson bowles commission did that. why can't they? >> everyone was talking about the commission that heralded the arrival of the recommendations of the commission. but unfortunately, the simpson bol commission couldn't actually agree on a final set of recommendations. however, to be fair, the new supercommittee may have a better chance. that's because if it can't agree, this new supercommittee, if they can't agree on that 1.5 trillion in debt reductions, the new law call for $1.2 trillion in automatic cuts designed to be painful for both sides. on the other hand, one or both side may try to stack the deck with committee members who simply will not compromise. house speaker boehner says he won't approve anyone who'll even consider raising taxes. wall street -- dow plunged 2865 points today. the only bright spot is moody's which had threaten today downgrade america's credit rating keeping it steady at aaa. that may change if the new supercommittee lays an egg. i talked with glo
simpson bowles proposal. >> simpson bowles. >> the bowles simpson commission. >> simpson bowles commission. >> the simpson bowles commission did that. why can't they? >> everyone was talking about the commission that heralded the arrival of the recommendations of the commission. but unfortunately, the simpson bol commission couldn't actually agree on a final set of recommendations. however, to be fair, the new supercommittee may have a better chance. that's because...
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what was involved in simpson-bowles? 18 of us appointed by the president and by the leaders in congress, pretty evenly divided in terms of democrats and republicans, business sector as well as people who work in government. and we sat and considered all the options. at the end of it, and i thought erskine bowles did a masterful job, they said, here it is. and when i looked at it, i thought, at the end of the day, there aren't many options. you have basically three things -- spending, general spending, the entitlement programs and revenue or taxes. and if you don't put them all on the table, you're going to take too much out of one or the other. i voted for it. 11 out of 18 of us voted for it. >> jon: this did not make it to congress. >> no. >> jon: they never got a chance to do anything with it because the group that was formed to make it rejected it. >> 11 out of 18 did. and we were supposed to get 14, but the clock had run out on us to be honest. that's how the gang of six came about. >> jon: that's next step. >> saxby
what was involved in simpson-bowles? 18 of us appointed by the president and by the leaders in congress, pretty evenly divided in terms of democrats and republicans, business sector as well as people who work in government. and we sat and considered all the options. at the end of it, and i thought erskine bowles did a masterful job, they said, here it is. and when i looked at it, i thought, at the end of the day, there aren't many options. you have basically three things -- spending, general...
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but then moved on to a protege of alan simpson of the simpson bowles commission. just bej director but trade commission so he know it. close with ben carden of the house. sow knows bipartisanship but he is a loyalist and he is a real key player. >> warner: now the house democrats, norm i will begin with you but maybe combine it. do we see any mavericks here? javier was era, james clyburn and chris van holden. >> all key people in the leadership close cho-- chosen by pelosi because of their persons, van holden is the ranking democrat on the budget committee at the talks. clyburn also at the talks. becara almost became trade representative. smart shall savvy pros, leaders, they're to the going to diverge very much from what pelosi wants or what the caucus wants but they've all indicated a willingness to cut a deal. >> warner: becera was on simpson bowles also. and yes, these are all people-- . >> warner: so he voted no. >> he voted no, you about he was there. and when it am cans down to a deal like this, when you have such a compact time frame, knowing the landscape
but then moved on to a protege of alan simpson of the simpson bowles commission. just bej director but trade commission so he know it. close with ben carden of the house. sow knows bipartisanship but he is a loyalist and he is a real key player. >> warner: now the house democrats, norm i will begin with you but maybe combine it. do we see any mavericks here? javier was era, james clyburn and chris van holden. >> all key people in the leadership close cho-- chosen by pelosi because...
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not going to put anybody on this super committee that participated in the gang of six on the simpson bowles commission, the only group that's really tried to roll up their sleeves and have real discussions about what we need to get the nation's financial picture and economy under control, when you hear that, you know that the next 16 months are going to be wasted. wasted. i'm not sure we can afford to waste those next 16 months. >> let me ask you a question, though. assume by political analysis, history information, you're more or less correct. let me introduce a new variable, however. the stock market was down 500 points today. the bond, absolutely, was a safe haven. the movement and decline in the bond, ten-year bond to 2.5%, because everybody was getting out of commodities, getting out of stocks. getting out of anything that was perceived to have any risk because they're concerned about the forward prosperity of this country? i get a few more days like this, i know it will snap back a little tomorrow, but if you start to get a financial market that is leaning on the economy. people's 401
not going to put anybody on this super committee that participated in the gang of six on the simpson bowles commission, the only group that's really tried to roll up their sleeves and have real discussions about what we need to get the nation's financial picture and economy under control, when you hear that, you know that the next 16 months are going to be wasted. wasted. i'm not sure we can afford to waste those next 16 months. >> let me ask you a question, though. assume by political...
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simpson-bowles should gain momentum. when you get peopleho work like crazy, many months, person reputations at stake and everything else and you get coburn and durbin, that's... i give credit to both of them, equal credit. i think... i may not agree with tom coburn but think he's a statesman. >> rose: he was prepared to take reductions in... >> absolutely. absolutely. >> rose: in corporate income tax. there is also this. the president's leadership. you have said on most social issues and on distribution of twelfth president and i are in sync. yes? >> yes. >> rose: what do you mean by that? >> i mean in terms of a woman's right to choose, in terms of not having the rich get by with lower taxes than the people in their office, there are a bunch of things that i agree with. there's limits to how much you can do in that. >> rose: what about distribution of wealth? >> i think in the last 25 years, the "forbes 400" has gone from a couple hundred billion of wealth to a trillion two or something like that. i mean you've had the
simpson-bowles should gain momentum. when you get peopleho work like crazy, many months, person reputations at stake and everything else and you get coburn and durbin, that's... i give credit to both of them, equal credit. i think... i may not agree with tom coburn but think he's a statesman. >> rose: he was prepared to take reductions in... >> absolutely. absolutely. >> rose: in corporate income tax. there is also this. the president's leadership. you have said on most social...
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you effectively get simpson bowls. you get about $2.5 trillion in spending cuts -- >> that's why some of the, if i may, hysteria around this conversation coming from my friends on the left of center is notable because again this deal is part of a larger architecture. it's not just one decision ander go everything is decided oopsz. the president has considerable leverage. also, after a presidential election, were he to be re-elected. returning to clinton era tax rates might sound more reasonable -- >> he's still got to be re-elected. this makes what happened last week has made it much more difficult. the political argument has moved on to the tea party territory. they might consider themselves victorious because they haven't got all the bits and pieces they're interested in. many of those are conflicting in any case. they have moved the national conversation onto the fact that you may not raise taxes in any circumstances and you may not do all the measures that the president needs to get himself re-elected which would b
you effectively get simpson bowls. you get about $2.5 trillion in spending cuts -- >> that's why some of the, if i may, hysteria around this conversation coming from my friends on the left of center is notable because again this deal is part of a larger architecture. it's not just one decision ander go everything is decided oopsz. the president has considerable leverage. also, after a presidential election, were he to be re-elected. returning to clinton era tax rates might sound more...
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>> i think if the supercommittee were to be as bold as the simpson/bowles proposal and come up with aipartisan comprehensive grand bargain, i think that would be a shot of adrenaline for the markets and the economy and, then, that could lead to long-term economic growth. you know, our corporations have a lot of cash. they've become very profitable, big companies. they're holding back. they want to invest, but they're afraid. if washington could come together and show real bipartisan, structural leadership, i believe our businesses are ready to do their part, ready to invest, ready to create jobs and get our economy growing again. but the world, not just america, the world is screaming for american leadership. >> neel kashkari, appreciate your help tonight. >> thank you, john. >> thank you. >>> and as the president plots his next move on the economy it's worth noting he has a gif and a smaller economic team than at the beginning. dr. christina romer, she was with us last night, she was a top economic adviser, she's back in academia, and she was replaced by austan goolsbee, he left the
>> i think if the supercommittee were to be as bold as the simpson/bowles proposal and come up with aipartisan comprehensive grand bargain, i think that would be a shot of adrenaline for the markets and the economy and, then, that could lead to long-term economic growth. you know, our corporations have a lot of cash. they've become very profitable, big companies. they're holding back. they want to invest, but they're afraid. if washington could come together and show real bipartisan,...
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and the simpson/bowles commission. another republican senator walked out of the conversations with joe biden about trying to come up with some big compromise, show, john, i think it will be very tough with what they've got. the issue is going to be if six members of one party hang together, can they pick off a seventh from the other side? and people will be looking at who is the potential break point, who is the potential person who could form a compromise, otherwise you come out 6-6 in the committee and it's a nonstarter and you don't have something to vote on. >> you start on the senate side, who might be the compromise, you have senator kerry, he was a presidential nominee. patty morey, the knocks at the same time she chairs the democratic senatorial campaign committee, she's raising money for the democratic candidates and saying the republicans are killing medicare while she's serving on the committee that medicare cuts might be on the table. and liberals don't like max baucus, and here's an interesting part, you m
and the simpson/bowles commission. another republican senator walked out of the conversations with joe biden about trying to come up with some big compromise, show, john, i think it will be very tough with what they've got. the issue is going to be if six members of one party hang together, can they pick off a seventh from the other side? and people will be looking at who is the potential break point, who is the potential person who could form a compromise, otherwise you come out 6-6 in the...
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that would adversely affect confidence or possibly markets. >> rose: you were supportive oft bowles-simpsonhad it about right? >> i thought bowles-simpson's framework was right. they reduced the rates. i would increase them. in other words, i would have had some of the ecifics quite different. i'd goack to the clinton rates for people earning over $250,000. >> rose: they eliminated --dedud reduced the top rate to 25%. i don't remember. i would take the top rate to where president clinton had it. when president clinton raised rates at those levels, he was criticized, and i remember one republican lder went on television and said, we'll have a recession, every single job that's lost is president clinton's responsibily. instead we had massive job creation, as well as increasing incomes and the rest. i would raise the rates. the general framework of doing it n, deferring effective date for a uple of years, robust public investment in areas that we need, yeah, i think that framework is -- and the $4 trillion over 10 years, getting to where the debt-to-gdp ratio goes down. i think that's right. >
that would adversely affect confidence or possibly markets. >> rose: you were supportive oft bowles-simpsonhad it about right? >> i thought bowles-simpson's framework was right. they reduced the rates. i would increase them. in other words, i would have had some of the ecifics quite different. i'd goack to the clinton rates for people earning over $250,000. >> rose: they eliminated --dedud reduced the top rate to 25%. i don't remember. i would take the top rate to where...
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the simpson-bowles commission talked about the need for raising the gas tax.e've got to do things to put people back to work. they've got to get to work on that issue now. >> do you think that there'd be support? generally there's been a lot of opposition to raising the gas tax particularly out west. >> well, you know, the u.s. conference of mayors has joined the afl-cio and interesting enough the u.s. chamber of commerce in support of increasing the gas tax. but if they don't want to do that, they can do innovative financing programs. bonding, and loan programs and incentivize us to put up the money. what we can't do is continue to diter in the way that they've done around the debt and the deficit. what we can't do is put our head in the sand and not acknowledge the fact that the economy -- the best way to give a shot in the arm to the economy is to put people back to work to pay taxes and generate the revenues that we need right now. in our cities we don't have the luxury to engage in the kind of debates that you've seen where democrats won't address entitle
the simpson-bowles commission talked about the need for raising the gas tax.e've got to do things to put people back to work. they've got to get to work on that issue now. >> do you think that there'd be support? generally there's been a lot of opposition to raising the gas tax particularly out west. >> well, you know, the u.s. conference of mayors has joined the afl-cio and interesting enough the u.s. chamber of commerce in support of increasing the gas tax. but if they don't want...
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agree on that broad framework on fixes to taxes and entitlements, and it is the same thing in the simpson/bowles that was approved by bipartisan senators. and of course, the sticking debate is president obama and john boehner and the house majority, and that is the real battleground, but the triggers could extract compromises on both sides. >> all right. mark, thank you very much. we appreciate it. >>> we have breaking news involving on "newsnation" which involves the case of a missing 11-year-old girl from new hampshire. investiga investigators look forrer celina cass have found a female body near a hydraulic dam a quarter mile from her home, and the body has not been identified yet which comes right after her father was taken to the hospital this morning. we have this video which says that he was acting strange outside of the home and face down on the pavement and falling to his knees and he has a history of schizophrenia, but not named a suspect in the case. michelle franzen joins me live by phone at stewartsville, and again, we are looking at the video, and this man is not a person of intere
agree on that broad framework on fixes to taxes and entitlements, and it is the same thing in the simpson/bowles that was approved by bipartisan senators. and of course, the sticking debate is president obama and john boehner and the house majority, and that is the real battleground, but the triggers could extract compromises on both sides. >> all right. mark, thank you very much. we appreciate it. >>> we have breaking news involving on "newsnation" which involves the...
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he didn't follow up quickly on the simpson-bowles suggestion. not all this debt was all -- the downgrade is happening on the president's watch. not all the debt was piled up on his watch. when he took office he had things handed off from a republican president who fought two wars without paying, had the medicare prescription drug benefit that wasn't paid for. both parties have been piling up spending for several this has lead to this point. but the commander in chief is the one who is largely going to get the focus of this. that's why they are going to be watching the markets monday closely. >> you mentioned this has occurred unboth parties' watch, true enough. under this president -- under this president it happens, unfortunate for him. there's growing calls for geithner, the team is not doing that great. it is like you are starting off the season 0 and 8 you go for the easy target that would appear to be geithner. is he gone? >> reporter: i think they want to keep him. geithner may the guy cheering on the republicans, i'm joking of course, che
he didn't follow up quickly on the simpson-bowles suggestion. not all this debt was all -- the downgrade is happening on the president's watch. not all the debt was piled up on his watch. when he took office he had things handed off from a republican president who fought two wars without paying, had the medicare prescription drug benefit that wasn't paid for. both parties have been piling up spending for several this has lead to this point. but the commander in chief is the one who is largely...
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and point number two is they could have come up with a fiscal plan, for example, to the bowles simpson commission, which was bipartisan. it had the majority vote and came up with a number of sensible recommendations. you can envision other recommendations but that would have been a start. >> i want to bring in two folks who are a lot smarter than i am, ali velshi and david walker. i know they would like to ask you a couple of questions. david, let's start with you. >> john, thanks for coming on. obviously s&p said back in april that you were looking for something meaningful to happen and up to $4 trillion in deficit reduction over the next ten years, that didn't happen. you know, what are you looking for with regard to the committee that is being established? and if it would get to the $4 trillion target that you were talking about back in april? might that do it as far as being able to regain aaa status? >> it's going to take a lot to get back to aaa because once you lose your aaa it doesn't bounce back in that way. but a key debate will be coming up regarding the extension of the 201
and point number two is they could have come up with a fiscal plan, for example, to the bowles simpson commission, which was bipartisan. it had the majority vote and came up with a number of sensible recommendations. you can envision other recommendations but that would have been a start. >> i want to bring in two folks who are a lot smarter than i am, ali velshi and david walker. i know they would like to ask you a couple of questions. david, let's start with you. >> john, thanks...
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remember his first fiscal responsibility commission, that was the simpson/bowles thing.ed it to force a vote. they wanted congress to set it up and approve it and have an up or down vote in congress on its findings. but all of these approaches have failed and the grand bargain he was trying to negotiate with john boehner failed. why does this white house think that whatever the super committee is going to come up with will work when the triggers, we don't actually know the precise details of them, but those triggers don't imply or at least according to the reporting we've seen, that much pain for republicans. it doesn't include the threat of tax increases which they'd want to avoid. it's just more kinds of spending cuts and there are many members even of the tea party. people like alan west from florida who would say, yes, there should be some defense cuts in there. we've got to see what the details are on this one. but the idea this committee will succeed where everyone else has failed in recent years is a bit of a stretch. >> and without jumping the gun on this, jonath
remember his first fiscal responsibility commission, that was the simpson/bowles thing.ed it to force a vote. they wanted congress to set it up and approve it and have an up or down vote in congress on its findings. but all of these approaches have failed and the grand bargain he was trying to negotiate with john boehner failed. why does this white house think that whatever the super committee is going to come up with will work when the triggers, we don't actually know the precise details of...
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. >> i think the president may well have from my view offered the bowles simpson alternative much earlier. i think the bowles simpson or the gang of six are balanced approaches, would be more effective in the long-term and would create a fair balance so the wealthiest and best off in america would help, that we wouldn't be giving big tax breaks to big oil and other taxpayers making extraordinary sums of money as we see the disparity between the middle class and the wealthiest in america continue to grow. so if i could look back and say, look, let's focus on bowles simpson more than we did. >> and let me ask you this, how many votes do republicans in your mind need to provide for this deal in the house? >> i certainly think that republicans need to provide certainly 150 plus range for this deal. this obviously fgets them a lot of what they wanted. i think that the leadership is going to be tested to see whether or not they can deliver. they haven't been very good at it on the house side. delivering for what they believe was the best way forward. the speaker had to walk away from two deals
. >> i think the president may well have from my view offered the bowles simpson alternative much earlier. i think the bowles simpson or the gang of six are balanced approaches, would be more effective in the long-term and would create a fair balance so the wealthiest and best off in america would help, that we wouldn't be giving big tax breaks to big oil and other taxpayers making extraordinary sums of money as we see the disparity between the middle class and the wealthiest in america...
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in the simpson-bowles commission and in the gang of six, i thought we came up with an honest answer to that question. it was a balanced approach that put everything on the table. well, this bill makes a serious and significant down payment in spending cuts. now a joint committee is created to take the next step. i will say this, if the next step is to be fair, if the next step is to be serious, it has to go beyond spending cuts. it has to look at serious questions about how we can save money in entitlement programs without compromising our commitment and how we can ask those who have profited so well in america, who live so comfortably to join us in this effort by paying more in taxes. that is the stark reality. if we continue to move toward more and more spending cuts, we will literally disadvantage the poor and working families of america to the advantage of those who are well off. that isn't fair and it isn't right. many of us -- many people who criticize us say, you know, you don't even read these bills that you vote on. so yesterday i sat down to read this bill. it's not that long
in the simpson-bowles commission and in the gang of six, i thought we came up with an honest answer to that question. it was a balanced approach that put everything on the table. well, this bill makes a serious and significant down payment in spending cuts. now a joint committee is created to take the next step. i will say this, if the next step is to be fair, if the next step is to be serious, it has to go beyond spending cuts. it has to look at serious questions about how we can save money in...
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>>guest: if the world looked at the 67-page report, not about simpson-bowles, and everyone had skin in the game. you cannot get this done unless much has skin in the game. the president didn't dip into defense or social security reform, and ryan, a splendid thing, he went after medicare. that is where it is. automatic pilot. but he didn't touch social security reform. unless you touch them all and everyone has skin in the game it will fail. >>neil: senator, the question has been raised and among those who oppose the nominal cuts we got in the deal this past week in washington, the argument was now is not the time to be cutting anything, in fact, now is the time to be priming the pump. and not holding back. when i reminded folks, well, you dent have to worry boughts cuts upfront are not that onerous, i think $28 million in the first year in a $2.4 trillion commitment own 10 years what do make of the argument that cuts of any sort in an environment like this are not wise? >>guest: that is what we put in the report. we said ... in 20 13 or 2012 and do the heavy lifting now. i am gasnating
>>guest: if the world looked at the 67-page report, not about simpson-bowles, and everyone had skin in the game. you cannot get this done unless much has skin in the game. the president didn't dip into defense or social security reform, and ryan, a splendid thing, he went after medicare. that is where it is. automatic pilot. but he didn't touch social security reform. unless you touch them all and everyone has skin in the game it will fail. >>neil: senator, the question has been...
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the simpson-bowles debt commission, the bipartisan policy center, the senate's gang of six, and even the grand bargain president obama and house speaker boehner were reportedly crafting provide credible, long-term solutions to our nation's debt problem without kicking the legs out from under the feeble economy. each of these proposals was heavily weighted toward spending cuts, though revenue increases were also included. what's standing in the way of these sound policies? a small but influential group of legislators that senator mccain has labeled "tea party hobbits." federal receipts will account for less than 15% of g.d.p. this year-- the lowest percentage since 1950-- but the hobbits still firmly opposed to any tax increases. even closing egregious tax loopholes in exchange for a cut in the corporate tax rate has been ruled out. fortunately, there's a second chance. congress has three months to put together a real debt solution. and if it comes up short again, we should expect more of the same. i am richard dekaser. within we are getting word that president obama will put forth a
the simpson-bowles debt commission, the bipartisan policy center, the senate's gang of six, and even the grand bargain president obama and house speaker boehner were reportedly crafting provide credible, long-term solutions to our nation's debt problem without kicking the legs out from under the feeble economy. each of these proposals was heavily weighted toward spending cuts, though revenue increases were also included. what's standing in the way of these sound policies? a small but...
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who works so hard here, coming close to the kind of grand bargain that i think we needed that simpson-bowles commission adopted, that the gang of six, our six colleagues recommended to us which i support, and that the president and the speaker, president obama, speaker boehner were close to but unfortunately fell apart, there is disappointment that a lot of us feel in this. but perhaps to set it in a broader context, i want to quote from an op-ed piece in "the wall street journal" today written by david rifkin and lee casey, two lawyers whose work i have long admired, and here's what they say, to take us back and perhaps remind us that we fill these seats for a short period of time. we act within a system created by our framers and we do our best. rifkin and casey write today -- "the debt ceiling crisis has prompted predictable media laments about how partisan and dysfunctional our political system has become, but if the process leading to the current deal was a spectacle and a three-ring circus, as someone put it, the show's impressarios are none other than james madison and alexander hamil
who works so hard here, coming close to the kind of grand bargain that i think we needed that simpson-bowles commission adopted, that the gang of six, our six colleagues recommended to us which i support, and that the president and the speaker, president obama, speaker boehner were close to but unfortunately fell apart, there is disappointment that a lot of us feel in this. but perhaps to set it in a broader context, i want to quote from an op-ed piece in "the wall street journal"...
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. >> and i have to ask you simpson/bowles, the gang of six, they failed and so the odds are not in their yes, they are heavily stacked against them, because when you think about it, these folks have a tough, tough job in front of them and they have to grapple with the notion they are not working in the vacuum, and they are going to be picked by party leaders as we pointed out, and then prodded by the parties to toe the party line, and for democrats that is going to be pushing the tax increases they didn't get this time around and for the republicans it will be furiously resisting the increases all amid the rapidly growing tension of the upcoming presidential election, don. >> and you sit in this chair, and i need a dwik answquick ans this, and with this job you will tick off a lot off people, and who will want this job? >> well, there are ambitious people on capitol hill who will want this job, but it is tough to walk through the mine-field to do it, but if you do it, you are a hero and if not, you keep walking and it is a tough time just in time for the holidays, don. >> it is a thankle
. >> and i have to ask you simpson/bowles, the gang of six, they failed and so the odds are not in their yes, they are heavily stacked against them, because when you think about it, these folks have a tough, tough job in front of them and they have to grapple with the notion they are not working in the vacuum, and they are going to be picked by party leaders as we pointed out, and then prodded by the parties to toe the party line, and for democrats that is going to be pushing the tax...
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he didn't follow up quickly on the simpson bowls commission which he had set up in the first place tory to tackle. this on the other side of the ledger it has to be pointed out that not all this debt was -- while the default -- not the default but the downgrade happened on the president's watch. not all the debt was piled up on his watch. when he took office, he had things handed off from a republican president as you know who fought two wars cut paying for it medicare prescription drug benefit that wasn't paid for. both parties on capitol hill have been piling up the spending for several years. this has led to this point. but the commander and chief is the one who is largely going to get the focus of this. and i think that's why they are going to be watching the markets on monday morning very, very closely. >> neil: you know, ed, you mentioned this has occurred under both parties' watch. you also pointed out under this president that it technically happens and that's unfortunate enough for him. he has got every -- there is growing callings now for tim geithner as economic coach. the
he didn't follow up quickly on the simpson bowls commission which he had set up in the first place tory to tackle. this on the other side of the ledger it has to be pointed out that not all this debt was -- while the default -- not the default but the downgrade happened on the president's watch. not all the debt was piled up on his watch. when he took office, he had things handed off from a republican president as you know who fought two wars cut paying for it medicare prescription drug benefit...
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except the republicans are turning it into a democratic republican fight and because unlike the simpson bowles you know cat food commission one which required twelve out of twelve and therefore they never issued a formal report this commission out of twelve people only need seven is majority vote so if one democrat caves and says ok we'll give you cuts with no taxes then we're screwed and it's. and i'm kind of curious given that context it's been announced today not officially but political is reporting that harry reid has settled on patty murray who is pretty solid john kerry who's very solid or more solid and max baucus which. gives me some concern the other the other nine of not that announced any any quick thoughts on that or not you know here's a what i think you know frankly we're we're just concerned about this is the moment of vulnerability you have a couple things at play here is does this commission do something really be completely divided in the trigger goes right in the administration hopes that the threat of these defense cuts will actually force people to think hard and move on
except the republicans are turning it into a democratic republican fight and because unlike the simpson bowles you know cat food commission one which required twelve out of twelve and therefore they never issued a formal report this commission out of twelve people only need seven is majority vote so if one democrat caves and says ok we'll give you cuts with no taxes then we're screwed and it's. and i'm kind of curious given that context it's been announced today not officially but political is...
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the one fault i would have with the president is he should have embraced simpson-bowles in january. > he could have made it his own plan. the only place tonight the plan, you have to go to a website called whitehouse.gov. >> he chose not to do so, in retrospect i think that was a mistake. what we're dependent on if there's going to be agreement in this committee of 12 there's going to have to be one rogue senate elephant. if you don't have any senators that break from the pack -- >> you're not going to have it on the house side. >> you're not going to get to seven votes unless there's one rogue elephant. we'll see who gets appointed. >> it looks tough enough that it seems to be a motivator or else we wouldn't have been held up at the end. everybody thinks the trigger is going to get pulled. is it tough enough? or is this going to be a cuts only? i guess my sense is -- they've already found the $2.5 that they're negotiating with. it's been sitting in the biden committee. the white house wasn't going to agree unless revenues came in. maybe they'll get the oil subsidy and that's it. >> t
the one fault i would have with the president is he should have embraced simpson-bowles in january. > he could have made it his own plan. the only place tonight the plan, you have to go to a website called whitehouse.gov. >> he chose not to do so, in retrospect i think that was a mistake. what we're dependent on if there's going to be agreement in this committee of 12 there's going to have to be one rogue senate elephant. if you don't have any senators that break from the pack --...
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maybe we should have listened to simpson bowles. have put their own budget out. we'll take 50% of the blame. republicans, you take 50% of the blame. let's come back together. let's look forward instead of looking past. if the president didn't show up, it makes it republicans look bad. everyone loves to say he's a law professor. you know what they do? they get a distinct world view and beat the hell out of you until you adopt your world view. and believe you me, if you're writing the three-hour exams at the end of the semester, you adopt a world view. >> answer every question with a question. >> he's more like -- i think harold ford said that, that's the editor of "the law review." that's a great idea. let's put this -- this is a great idea. we're going to put it in the review and then answer questions about it. professor persson taught me towards who would bear down on you. we need that sort of focus. i don't think he's shown it yet. >> but there's a broader context, though. because a lot of what's happened in the market as far as i
maybe we should have listened to simpson bowles. have put their own budget out. we'll take 50% of the blame. republicans, you take 50% of the blame. let's come back together. let's look forward instead of looking past. if the president didn't show up, it makes it republicans look bad. everyone loves to say he's a law professor. you know what they do? they get a distinct world view and beat the hell out of you until you adopt your world view. and believe you me, if you're writing the three-hour...
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we have go done that with a gamf 6 and simpson bowls committee. >> we can guess where they are going to get hung up. tax increases for the rich, this is where the if there were easy answers if any committee could come up with it we would be there already. they will do some things they may not want to do. you could decide not to take the committee's recommendations. those are fred pretty far out. >> i suspect the american people are sick of the new words we get see queststration. americans think like how much money do you have coming in how much do you need and if those aren't a little bit in sync you need to fix them. >> i am a little amuzed by some of the congratulatory statements i am reading in my e-mail. >> i think washington looks very bad. you do your job cut some kind of a deal here. >> september 30th coming up with continued resolution expires. >> you thought it was a last fight. we will do it all over again. >> there are so many americans unemployed it makes me crazy there are so many hurting and whatever. >> super committees and ribbon commissions you can do the tires in bl
we have go done that with a gamf 6 and simpson bowls committee. >> we can guess where they are going to get hung up. tax increases for the rich, this is where the if there were easy answers if any committee could come up with it we would be there already. they will do some things they may not want to do. you could decide not to take the committee's recommendations. those are fred pretty far out. >> i suspect the american people are sick of the new words we get see queststration....
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we have go done that with a gamf 6 and simpson bowls committee. >> we can guess where they are going to get hung up. tax increases for the rich, this is where the if there were easy answers if any committee could come up with it we would be there already. they will do some things they may not want to do. you could decide not to take the committee's recommendations. those are fred pretty far out. >> i suspect the american people are sick of the new words we get see queststration. americans think like how much money do you have coming in how much do you need and if those aren't a little bit in sync you need to fix them. >> i am a little amuzed by some of the congratulatory statements i am reading in my e-mail. >> i think washington looks very bad. you do your job cut some kind of a deal here. >> september 30th coming up with continued resolution expires. >> you thought it was a last fight. we will do it all over again. >> there are so many americans unemployed it makes me crazy there are so many hurting and whatever. >> super committees and ribbon commissions you can do the tires in bl
we have go done that with a gamf 6 and simpson bowls committee. >> we can guess where they are going to get hung up. tax increases for the rich, this is where the if there were easy answers if any committee could come up with it we would be there already. they will do some things they may not want to do. you could decide not to take the committee's recommendations. those are fred pretty far out. >> i suspect the american people are sick of the new words we get see queststration....
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and we haven't had a convention right we had a plan that was put forward and you know what the simpson bowles plan it wasn't perfect i don't like everything and it you didn't like everything in it but you know almost everybody across the spectrum said you know this is actually a place that we can start but here's the thing we had that plan even if it had been put to a vote in congress you know there wasn't going to be a legitimate discussion is going to have on both sides we're going to vote and pass that specific bill even if you know even when you have a committee that works that actually comes up with something then once it goes to actually be voted on you still have all becoming and i just wonder do we really want what they come up with because on one hand you have to ask is congress smart and they just you know like i mentioned they're always using all these distraction techniques so they can collect all the money at the end of the day do everything as one party even though they're pretending like they're two separate parties even though they're in my opinion definitely only favoring cor
and we haven't had a convention right we had a plan that was put forward and you know what the simpson bowles plan it wasn't perfect i don't like everything and it you didn't like everything in it but you know almost everybody across the spectrum said you know this is actually a place that we can start but here's the thing we had that plan even if it had been put to a vote in congress you know there wasn't going to be a legitimate discussion is going to have on both sides we're going to vote...
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he's touting simpson bowles and dimitri-rivlin with substantial forms of the medicare system.prised if this plan didn't go ahead and own something like this. he's already -- i did have a couple of aides acknowledge to me a few weeks ago at this point, there's no more pain on the left to fear. they've already received it, right? the ones upset. the folks on the left that are upset of what he's talked about on social security and medicare, you know, it's not like you're going to make a more -- they already believed he's willing to do some -- willing to do some things that they don't like. so go ahead and own a specific plan. and make the middle believe you're the reasonable guy in the room. >> neil diamond. >> blue jeans. >> if you hang out on the mississippi, willie. you find any old cabinet secretary hanging around. >> look at that, chuck. >> they sort of hang out here at the river. chuck, we'll see you at 9:00. [ male announcer ] members of the american postal workers union handle more than 165 billion letters and packages a year. that's about 34 million pounds of mail every
he's touting simpson bowles and dimitri-rivlin with substantial forms of the medicare system.prised if this plan didn't go ahead and own something like this. he's already -- i did have a couple of aides acknowledge to me a few weeks ago at this point, there's no more pain on the left to fear. they've already received it, right? the ones upset. the folks on the left that are upset of what he's talked about on social security and medicare, you know, it's not like you're going to make a more --...
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caller: you said it it was difficult for you to support bowles-simpson. i am a republican. we need solutions. we have to create jobs. you do not want calls let the lady who just called. why is it politically difficult for democrats to support bowles- simpson, when it was a committee formed by the president, and it seems to offer solutions? guest: it was not just politically difficult for democrats. none of the republican congressman who were on the bowles-simpson commission voted for it either. why is it politically difficult? first, everything we do to balance our checkbooks is politically difficult. you can do two things -- you can cut spending, which means we have fewer teachers, policemen on the street, cutting defense, which some people hate, where you can raise taxes, and we know how people feel about that. anything you do, and all of this was in one big package with bowles-simpson, is politically difficult. it is politically difficult to say, and i am one of the very few members of congress that said this, but i would have voted for bowles-simpson, not because i like
caller: you said it it was difficult for you to support bowles-simpson. i am a republican. we need solutions. we have to create jobs. you do not want calls let the lady who just called. why is it politically difficult for democrats to support bowles- simpson, when it was a committee formed by the president, and it seems to offer solutions? guest: it was not just politically difficult for democrats. none of the republican congressman who were on the bowles-simpson commission voted for it either....