according to the cbo the very same day he was wrong. taxpayers will lose $24 billion.released the same day that the president was making an incorrect declaration. you not hear him talk about it or mainstream media but last night obama listed one of his priorities if he wins a second term. >> i have been in favor of the assault weapons ban. have to make sure we do better job on background checks of fire arms to not get into the hands of people who are mentally ill or with criminal records. that is the continue priority for me as president. lou: talking with nickelodeon. another hard-hitting interview. erring on the children's channel and has been march since he is actually appeared for a news conference with the work being white house press corps. if you work for abc don't make jokes about obama's being a communist. they cut a line from his show where he calls the president a communist. he said he fought to keep it did that he thought it was funny but the network did not agree. did we say it was set to air four days before the election? maybe it is high and sensitivity.

donald mentioned the figure, i think it was $500 ,000. it comes what cbo said if the tax expire and stay expire if sequestration goes in affect and stays in affect. regoing to go no to a recession. it's really from an economic standpoint a slope rather than a cliff. if it's a cliff, wily kyoto style you go over the end and you're dead. the economy isn't dead or in a recession immediately on january 2nd. but the farther you go and the more demand comes out the bigger problem is. here's the key, look, the key is we need the only reason with have a fiscal cliff is the political -- you can spread blame around and both parties have to move. let's face it in the negotiations over the past year, the single, not the only, but the single biggest obstacle has been republican unwillingness to move significantly on taxes. if they will move on taxes, i think democrats number of them including the president will move significantly on spending and we is can have a framework agreement in the lament duck. if there isn't movement we go in to january. what happens if we do?

about mitt romney's plan to add 12 million jobs, but the economic forecast that's been projected by the cbo already says that 12 million jobs are going to be added over the next four years because of the current path we are on economically. so senators, i want to get you on the record about what came up about obama care last night and the arguments that were made back and forth on that front. who made the better argument about where we stand and what we need as a nation health care wise? >> we saw mr. romney as an etch-a-sketch. when he was running in the republican primary he moved to the right. yesterday he pretended to be somewhat of a centerist. but here's the point, let's be clear. romney won the performance debate last night, no question about it. but in terms of policy, let me ask senator hutchinson, romney will cut social security. and i believe senator hutchinson agrees with him. romney will convert medicare into a voucher program, which will be a disaster for senior citizens who are ill. romney -- let me finish please, he will make devastating cuts in medicare slowing millions and

in the conclusion, the cbo and the joint committee on taxes judgment is a sharp decline in employmentalth insurance as a result of affordable care act is unlikely. unlikely. so our verdict here, wolf, is simply it's false. paul ryan went out on a limb there. and during the last segment, i pointed out paul ryan was right when it said iran has enough material to make five nuclear bombs. it said iran had five bombs, that is obviously not the case. it should have said that iran had enough material for five bombs, we do fact checks, so we just wanted to clarify. >> thank you very much, john. >>> more results just in from our poll of debate watchers, 57% say biden is qualified to be president, if necessary. 42% say he's not. 60% say ryan would be qualified to be president. 38% say he's not. and 50% say paul ryan expressed himself more clearly. 41% say biden. 70% say biden spent more time attacking his opponent. 53% found ryan to be more likeable. jessica yellin has the vice president's son, attorney general of delaware. >> i am here with attorney general beau biden. you spoke to your dad sh

these banks are correct in consensus with the imf, the cbo, and 14 of the 17 major economists in the world say it's not only a recession, but a severe recession, and as you and i talked about before, neil, i'm concerned about another downgrade on our debt. we need to continue to borrow money no matter how you slice this fiscal cliff, neil, it's horrendous for the future of the nation and for mr. obama, during a campaign stop to see he'd veto legislation like this, it's just showing he has no concept how economics work, neil. neil: there's a lot of media attention today. it was not a fox alert to me in this sense craig that it's not new. he always said this would be his fiscal holy grail and would not extend the tax rates, lower tax rates for the rich for another year when he did so back in 2010, it was with an understanding it wouldn't be for so long, and the time has come for them to go up. is he just getting in a tough early negotiating point or do you fear something worse? >> i hope it's not for that reason, neil, for negotiation purposes because keep in mind when he went at it wi

i'm letting you know that i do the cbo forecast. he's over the cliff you have a recession in the short-term, and the longer-term they grow little bit. there is no time for five years from now, 10 years from now it's all over. >> so i think the example very clearly is the worst of the worst. other questions? you, sir. >> thank you here to appreciate the channel. this is a question for mr. reeves time. my name is tony coughlin. in the months after the senate finance committee, ultimately for senator orrin hatch of utah. and mr. greenstein, you said we won't go over a cliff, but just on a slope. but i think you also cited we get into january without any congressional action, the pressure to get a deal would be so great that he would be forged in congress quickly. but i can imagine one of those two things could be right, but it seems it would be unlikely that both of those, it is no fetal fiscal cliff, but just a delightful slope, why would the congress to act quick >> is not a contradiction here in the slightest. the notion of a slope i

you like the obama care numbers for the cbo? how'd you like those? ike that they're using the numbers from that partisan tax policy group where they made all the assumptions -- >> that is not as partisan as you think. >> and they made up, those are all assumptions and andrea mitchell who asked them to take it out of the campaign and i saw it again last night so they're running it repeatedly. >> by the way, i know an elderly couple, i'm elderly, too, so don't be offended. i know an elderly couple in their 80s who received notification from the federal government they better find a way to get insurance because their medicare is going to be stopped, from the government. now, the big problem was web he you look at this document you can't make sense of it. it's the most complicated thing and if anybody wants to challenge me, i have the documents to prove it. so this business that people aren't going to get binged -- let me say one more thing before i forget. romney said something the other night that none of you people caught or didn't care to comment abou

the cbo says we'll have a trillion dollar deficit each of the next four years. >> reporter: these two men, they are virtually strangers to each other personally. they've only met in person three times before tonight. most recently, in passing, on a debate stage in new hampshire way back in 2008, when republicans followed democrats in debate three days before the primaries. and there was this brief encounter on the campaign trail in 2007. >> good luck to you today. >> reporter: and while they have both reached the pinnacle of party politics, they are so different. their talents and their paths to power and their debate styles. so much at stake on that stage tonight. this showdown comes at what might be the critical moment in this campaign. a hinge of political history. polls show the race tightening, just 34 days left in this campaign. and you can already sense in the crowds the special energy of the home stretch. but tonight, surprisingly, and in contrast to the daily scrap on the trail, no zingers, no roundhouse punches. hardly any humor. instead, long answers, sometimes dense argume

that is something we call the baseline and the cbo analyzes about. at the cdo talks about how going over the fiscal closed at the end of this year would likely bring us back into recession. i think that is very important to hold onto because we have been in the habit of kicking the can down the road. i'm here to say we should not just kick the can down the road again. we should not just try to substitute with the simpson vols and other proposals. it is just too hard to do that. i am proposing that instead of substituting the fiscal cliff or ignoring it to that we recycle the fiscal can. all of those things go cans represent policies that we were willing to commit to in the past, that legislators passed. they committed to those things expiring. they chose to kick the can, whether come to entitlements are spending cuts. let's not just take them. let's not just ignore them. let's keep them. here is what i mean. recycle them. look at the competition in terms of our spending cuts. they are all very doable. the pile of the cans is not harmful as it stands l

i had a question, if we could go back to the slide that discusses partnerships with city and cbos. on the second bullet we've got back on track/naacp mou. can you please inform us what naacp mou? >> we have in our midst [speaker not understood] who can provide lots of detail. >> thank you. supervisor cohen, last year martin luther king had 200 suspensions, and there was a number of staff changes and meetings with the community. and one of the things that came out of that was a person by the name of bob ivory who had come out from ohio. and this summer we came up with an mou of the program. in fact, they've got a big open house tonight. and last year they had 30 suspensions the first month of school, this year it's down to one. so, there are activities that are going on. the academic programs are just getting started. students are being referred through the counseling office to him and, so -- and also this year we're going to probably this summer have program of freedom schools that will connect with that. >> thank you. thanks for describing to me the functions. could you talk to me

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

the cbo says we will have a trillion-dollar deficit the next four years. have you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar exe two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go to chris wallace, who is in wash wawash with his own take on how the night went. chris? >> reporter: hey. you know, i have been thinking and trying to put it in historical context, what tonight reminded me of more than any other debate, the first kerry/bush debate, where john kerry took the battle to george bush. and bush, the president, seemed very uneasy, didn't seem comfortable and like he wanted to be challenged. that's wha >>> look. i got five boys. i'm used to people saying something that is not always true but keep repeating it and hoping i'll believe it but that is notthink we have to talt the

when the cbo has said going over the fiscal cliff will plunge the u.s. economy back into recession.n days until the re-election, it doesn't look like we're going to get it, not out of washington, not out of congress, and certainly not on the campaign trail. what have you heard? have you heard anything that you need to hear to make your

. >> when the congressman had his first voucher program the cbo said it would cost $6400 a year more for every senior 55 and below, when they got there. folks, follow your instincts on this one. >> they got caught with their hands in the cookie jar, turning medicare into a piggy bank for obamacare. >> yes, what is ryan getting at? eleanor? >> this is the $716 billion that the administration took out of medicare advantage, which was going to insurance company -- companies, and they diverted in part to close the donut hole for prescriptions, to provide free, preventative care for seniors. no seniors have lost any benefits. what romney is saying is he would take that money and put it back into the insurance companies. it is a phony argument, and they are trying to pretend the democrats are going to hurt. >> but the republicans. >> are going to hurt medicare when the history of the republican party is medicare in the first place. >> eleanor, the republicans used the $716 billion out of medicare, using medicare as a pig guy bank and giving it to obamacare because they have tested it, they

and according to the cbo, three more scheduled. >> the american people are not that stupid to think that they're going to lay the whole debt on this president's doorstep because they know what he inherited, plus the bank bailout which is what irritated a lot of people, was begun under the bush administration. so i don't think this is an argument that romney can win. romney -- if romney is going to win, he's got to win on what he is going to do in the future, not about how bad obama has been. >> here's what the american people will say. we had the most sometime law active fiscal policy in our history by far, the most sometime law active monetary policy in history and we have not in four years been able to get out of this recession which is still plaguing the country. in part because the stimulus program was badly structured. you've seen that argued by many. >> are you talking about tarp? >> not just tarp. the whole fiscal stimulus was badly structured. >> by whom? >> by this administration. it didn't work. >> what about the fed? >> the fed did whatever they could. we have the lowest monet

the cbo says we will have a trillion-dollar deficit the next four years.e you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar deficits every year. that doesn't get the job done. >> that was the sound bite, talking about what the president has done with the debt. you saw the exchange between the two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go to chris wallace, who is in wash wawash with his own take on how the night went. chris? >> reporter: hey. you know, i have been thinking and trying to put it in historical context, what tonight reminded me of more than any other debate, the first kerry/bush debate, where john kerry took the battle to george bush. and bush, the president, seemed very uneasy, didn't seem comfortable and like he wanted to be challenged. that's what i felt tonigh

they are going through the cbos and getting tickets for this and tickets for that and not giving it to the residents that live there and pay rent. it's not fair. who are the people to decide where the money is going without us being at the table? we're asking you desperately, we have a right to be able to have connection with our services which they are not doing. if they are going to give it to somebody else, why are they here? i hope we can continue to work with mr. alvarez and he has given me time and patience working with the housing authority to work things out. but i want you guys to look into this about this right to return. if we can't return, than nobody can return. if we can't have these things -- [speaker not understood] we're being aced out of our own community and it's not fair. as you know huntersview is a housing family development. what about our children? you are telling us that our kids can't do that. our kids have to be in at 6:00. our kids have more say so and authority in our house. that is how they raised their kids, but not mine. i ask you to look into this matte

the cbo estimates that the budget for the year was about $1.1200.ary of james bond. the movie franchise is one of the longest of all time. it is the most second most successful behind "harry potter." that is your fox business brief. giving you the power to prosper. ♪ tracy: i am not complaining about the cost of gas. i am complaining about the cost of college. it is a whopping, there it is, $29,231. there apparently is some good news here. gerri willis hasn't. i cannot imagine what it is. gerri: that is what my parents paid for their house. think about it. it is crazy. good news -- not really. it is up 3.9%. that is the lowest move and for decades. that is what is passing for good news right here. ashley: it has just gone from ridiculous to awful. gerri: exactly. that is $116,000 for a four year degree. here is the thing. these kids get a lot of federal aid. that reduces the cost pretty substantially to about $12,000 compared to $8000 for a public institution. there is good news. twenty-four of these private institutions actually drove tuition and f

maybe the money is not there, but i think we need to find out, then, how to collaborate with some of the cbos and others around the after school stuff, around the mental health delivery services and that sort of thing. so, i think it's always important that when we engage in these conversations that we have a healthy dialogue and relationship with you all because you need to be part of this conversation as well. so, again, i'm not sure where we'll go. i think the idea of having a really concentrated conversation about this issue is not a bad one, but i do hope that when we do have that conversation that the young people that are directly affected and that face most of these challenges within the educational system are part of the conversation. so, if we have a task force we should have at least three student seats or something like that. >> thank you, supervisor olague. commissioner mendoza? >> thank you. this is a very, this is a very great and difficult conversation to have. and i just want to thank everyone for being here because this is a dialogue that we need to continue to have. and i j

solutions today about the partnerships that you've passed, that -- partnerships with the city and the cbos and i've heard about a through g requirementses. i agree like many other members, a through g should be the standard no matter what. i do remember when i came through, i graduated -- there were some students who did finish with a through g and some didn't but still were able to graduate. so, my original question is what are we doing about this? we'retion calling a hearing, sounding the alarm. look at all the people in the chamber. we care about this. this is important. this is not only important to the african-american community, but to the entire health and wellness of san francisco and i believe we compete as a world and global leader. so, how do we fix this? >> well, there are definitely some concrete examples of past efforts or current efforts that actually produced results. so, if you think of the consent decree, for example, and what it was able to bring to some of our racially isolated schools in the way of some strategies. so, the additional resources, a longer school day, add

the nonpartisan, cbo, analyzed this budget and concluded, and i'll quote them, over the 2013 to 2022 period, the cumulative deficit that would result from enacting the president's budget, $6.4 trillion, or more than 3% of gdp, would be $3.5 trillion larger than the cumulative deficit projected under current law. so that's $3.5 trillion in new borrowing they have to pay for before they start the $4 trillion in cuts. congressman chris van holland is a democrat of maryland and we appreciate you taking the time, sir. i want to talk about these loopholes. i know everyone wants to close them. it's part of any fair and balanced tax overhaul in this country. then, of course, you realize the special interests that will try to kill you when you try to close the loopholes. so when we looked at the loopholes and i added them up, we got $1 trillion and netted against the ones the president wants to extend, $400 million. it doesn't add up to much. doesn't the president need to go after popular deductions like mortgage interest and health care, just like mitt romney does, to make his math work? >>