toomey, proposes an amendment number 8. mr. toomey: so, mr.president, i -- the presiding officer: the senator from pennsylvania. mr. toomey: thank you. i'd like to address the substance of this amendment but let me start with a little context on this underlying bill. the underlying bill, of course, suspends the debt ceiling from now until may 18. what that means is that in the meantime, the administration will be able to borrow as much money as it wants, within certain constraints, but a very, very large sum of money over the next three and a half months, at which point the debt ceiling will be reinstituted at a higher level. we expect the government will probably borrow something on the order of $400 billion between now and such time as the debt ceiling is re-established. we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount

we are pleased to welcome back pennsylvania republican senator pat toomey, senator toomey as always,. firstly, can you clarify your thought that government shutdown should be on the table? >> well, sure, larry. first of all, thanks for having me. and let me be very clear, i certainly hope we don't have even a partial temporary government shutdown. because if you do, it's disruptive, it is not optimal, it is really not the right way to run the government. but i will tell you, i think there's one thing that's worse. and what is worse is continuing down this road that we're on which is going to end in a fiscal catastrophe. i think you know that, larry. when a government is running deficits of 7%, 8%, 9% of gdp, accumulated debt that's now 100% of gdp while the central bank is monetizing most of that debt and keeping interest rates artificially low, this is a terribly dangerous combination. and i think we're living on borrowed time. so i want to start to see meaningful adjustments in the big entitlement programs, spending discipline that will get us on the road to a sustainable budget, b

>> well, i think pat toomey is a little confused, mike. it's a continuing resolution. if they didn't fund the continuing resolution, the government would shut down. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy, and the consequences are drastic. look, the bottom line on this, michael, and you know this, is nobody should be threatening or rattling sabers. everyone, president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. but spending cuts we need. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion of revenue, and we've got to go about finding a way to do that as well. >> congressman, do you agree with that sentiment? i constantly in my role as a talk radio host hear from people who say the spending is out of control, and if this is spun

failing that, toomey and ryan said it's the only available course. >> bret: is it tough to do?you have the law in place is it tough for budget folks to implement it? >> very tough. no president wants to give up flexibility. president wants the white house back. they don't want the hands tied by congress if the shoe is on other foot. >> bret: thank you. >> some people brought you obamacare want to control what you hear about it on the news. up next, obamacare was intended to get more people on health insurance. is it already costing you money this or even your job in that's next. fficiently absorbedl continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on tnkorswim from td ameritrade. ♪ >> bret: if you work in the retail or fast food industry or for municipality gov

senator pat toomey, thank you.or having me, guys. >> you and dan and paul ryan go off and figure out -- >> he's got blue chip club for growth predictions. >> and they were shattered last night in a sad, hastily written -- i'm joking, pat. i love you. i'm just bitter -- >> thanks for coming on. >>> up next, how the markets will respond to the deal in washington. cnbc's brian sullivan next on "morning joe." >>> let's get to business before the bell with cnbc's brian sullivan. brian, how's this going to shape out for the markets? >> happy new year. looks like we were going out like a lion and in like a lion. futures predicting a pretty solid open for the s&p and nasdaq. the markets like that a deal was done. was it perfect? far from it, but uncertainty is the hobgoblin of stocks. so enjoy the next couple of months, but it should be a higher open for the u.s. equity markets today, guys. >> all right, brian, thank you so much. >> brian, happy new year. do you have a resolution, brian? >> be nicer to mika. >> that's a go

and later, senators kelly ayotte and pat toomey wanted relief money for hurricane sandy victims until they had to vote for it. we'll look at more republican hypocrisy on disaster relief of the past with salon's joan walsh. you can listen to my radio show on sirius xm radio monday through friday noon to 3:00 p.m. share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. >>> welcome back to "the ed show." thanks for staying with us tonight. president obama has not taken a breather since inauguration a week ago. house of representatives, well, they're on vacation. and yet here is what the national republican congressional committee tweeted today. sign the petition to tell the president to get to work? the job isn't done. house speaker john boehner retweeted the same message. it's time for a brief recap of what president obama has been doing on the job. today, of course, it was the immigration speech in las vegas. and if you look like a man with wind at his back, yeah, i would say there is a pretty good reason. yesterday the president and v

toomey. mr. toomey: madam president? the presiding officer: the senate will be in order. mr. toomey: thank you, madam president. the underlying bill that we're going to vote on in a little while suspends the debt ceiling for a period of time, as we all know. my amendment doesn't change that fact, but it addresses one of the consequences of that fact. the fact is, this bill suspends the debt ceiling, but it doesn't resolve the underlying problem. and so we're going to be back here in a few months with the same impasse that we've had in the past. what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take their conversations out of chamber. mr. t

. >> cenk: yes republican senator pat toomey from pennsylvania.nator from texas, he writes it play be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than plod along the path of greece, italy and spain. and the republicans are off to their old tricks threatening to blow up the government unless they get things their way. we're going to hold our breath, we're going to take the ball, go home, shut down the government, all these things because they think that president obama doesn't have the nerve to fight back and that he will concede when those threats are issued. are they right? well that is an epic question. in order to answer that epic question, i think we need political correspondent just an epic. [ ♪ music ♪ ] >> cenk: all right, michael shure, we haven't run that animation for a while. >> no, for a long time. we had to come up with some dopey epic scene. >> cenk: all right, what do you think here. do the republicans mean it? >> it's pure politics. in the past when the go

pat toomey has the same ones. pat toomey was running the show at club for growth for years.5, corporations paid 33% of the federal government taxes. today, it is 9%. pat toomey and club for growth wanted 0%. also, on these shutdowns and this is for bills that we already incurred. it is like not paying your credit card bill. it is a bill that congress voted for to raise the debt ceiling. host: we will get a response. chris chocola. the club for growth -- guest: we do not support many of the tax loopholes that the corporations enjoy. we think the government should not write into the tax code winners and losers. we wanted to get rid of the ethanol credit. as far as corporate tax rates, there is an argument that corporates do not pay taxes, consumers do. they pay the embedded cost of the tax. we compete in a global economy. you have to compete with other countries and the total cost of doing business in those countries. it is not an ideological thing. it is a competitiveness and math thing. how do u.s. corporations compete in the global market? there is more wealth created in am

toomey it gets at the question of the more obscure, neurotic, eventual, appropriating motives that draw a rider to write about -- about another rider. i would love to know about it. secondly the more i hear about riders writers in this group i thinking there are others who are conscious of the heroes but architects have their own hierarchy is. he was a fraud, he was an undiscovered genius, he was this, he was ruined by drink or whatever. a saxophonist definitely has a sense of inheritance and relationship, center fielders have it. i asked carol bloom the difference between wallace stevens's relationship to walt whitman, johnny damon's relationship to mickey mantle in the new york yankees center field or mickey mantle's relationship to joe dimaggio in center field. talk about anxieties of influence. no difference at all. the question is what is it about writers to think about these professions? plumbers think about joe on ninth street could really, really make that fitting, etc.. or so and so couldn't. but i wanted to begin with my touchstone hear, he was teasing me the other day, she sa

it's disruptive, but it's a hell of a lot better than the path that we're on. >> senator toomey wants to pretend only a government shutdown would occur if the debt ceiling isn't raised. it's far worse, and president obama has vowed not let republicans use this tactic again. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they already passed. >> all right. so the line in the sand is drawn. let's turn to karen finney, msnbc contributor, former dnc communications director. and also with us tonight michael steele, former rnc chairman and an msnbc contributor. great to have both of you with us. michael, you first. going forward, the line in the sand is set. how is president obama going to keep the budget cut negotiations separate from any kind of debt ceiling vote? your thoughts. >> that's a very good question, ed. and i think that's one of the challenges the president is actually going to face. so i appreciate his comment when he said i will no lon

>> i think that pat toomey is confused. it's a continuing resolution. if they don't fund the continuing resolution, the government will shut down. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. dme, maybe the world economy, and the consequences are drastic. bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers, everyone, president obama, harry reid, everyone knows we need significant spending cuts. it's about time be act maturely, find out the spending cuts we need to make are done in the least onerous way. we also need to raise more revenue. the fiscal cliff raised 600 billion in revenue. we need to raise another $600 billion in revenue and need to find a way to dos that as well. >> do you agree with that sentiment? constantly hear from people who say the spending is out of control and if this is spun as republicans standing up to all of the spending and saying enough is enough, i think the wind could be at the gop's back. >> well, i don't know if the wind is at their back. gove

that is what toomey is trying to say would be a good way to go for the last year-and-a-half, jon. jon: what is the reaction to the administration, or the administration's reaction i should say to what senator toomey is proposing? >> reporter: somewhere between dismissive and ridicule. the treasury department dump all over this the administration official position legislation to quote, prioritize payments would amount to default and bring the same sort of catastrophic economic consequences they have been warning about. the president this week in his news conference had a laundry list of terrible things if there was to be some sort of prioritization what they consider to be a default. watch. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controlsers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united st

are you going to push to get some of the people you tried to push in in 2010 out to get out of toomeyet out of john yn. you loved paul ryan. do you want him out now? are you going to push for the primaries? >> honestly i think that every person has to look -- tea party express we haven't decided anything at this point but i live in the state of georgia and saxby chambliss will be primaried. our own senator who votes with the democrats more than they do with the conservatives and he has proven time and time again he's all about the spending and we're a red state, with he deserve a conservative senator, a conservative senator that would stand with marco rubio and rand paul who all voted no for this bill. >> let's talk about that. you brought up marco rubio and paul ryan, marco rubio voted against it and paul ryan voted for it. if this vote will be for republicans what the war vote was to the obama and clinton race for 2008. do you think that line will be as bright and sharp as the war vote was? >> well you know, i don't know, victor. we are still far away from 2016. we have 2014 to worr

republicans have a new scheme hit the debt ceiling and then prioritize who gets paid as republican pat toomey said we should pass a bill out of the house saying there will be certain priorities attached to certain things namely payment of debt services and payment of our military so military gets paid and so too do foreign investors and banks toure's and seniors and working people who rely on government services don't really mark well i you know i think the one thing we can see here by the president coming in saying there's this whole tomato he's getting into the blame game early and easy playing preemptive ball the one thing we can say is i think he has pretty much in the white house pretty much taken the things like the platinum coin the fourteenth amendment i think he has geared into the fact that this is going to come down to what congress does you know is there prioritization this idea this is a lot of fear mongering that the minute this happens we can't pay we can't satisfy any of our i actually have to just take three prioritization and there were i know it's exactly right you know you

frankie: are you jamesie toomey? yeah. why?d a report that you were seen driving dangerously. what, in majorca? we're only back from santa ponsa this minute. ( horn blaring ) who's that, then? that's me granddad. what does he think he's doing?! that's the way he always drives. he hates driving the roads-- feels safer in the fields. i'll put an end to his field trips. i've got to get to this wedding! i'll get you there don't worry! you're open? yeah, what can i get you? i'll just go and get them. and no cracks about women drivers. do you think i'm in the humor for jokes right now? i am late for a wedding. could you try the radio again, please? there's no point-- there's no signal. that's it, then. i'm walking. aiden, just relax, okay? that'll be eight-eighty, please. can i have another pint for my grandson? has he got proof of his age? ( chuckling ) go and see where your grandma is. another four pints on the way. excuse me. yeah? can i help ya? are there any adults here? yeah. could i speak to one of them, please? well, you see-

republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> sure. bill: would you back house idea or senate idea or neither? >> i think both are part of the negotiation strategy. i think john boehner's plan to bring down spending dollar for dollar makes a lot of sense and i think pat toomey's does. you don't want to cut very things most critical to the u.s. there is lot of garbage spending in government, believe me, bill, when i say that. why would you make the critical spending the first things you're going to cut except just to hold the country hostage. that is what the democrats are threatening. it doesn't make sense. bill: do you think republicans can win on either option? >> if they do it carefully, slowly and comfortably, yes i do think they can win. i think we can get major reform using the debt ceiling, slowly but surely. don't make it a battle all at once. raise the debt ceiling two, three, four months and come back to see what things we can do to make america a better coun

claire mccaskill and republican pat toomey introducing a bill that would ban pork permanently. the move is got knot getting widespread support in this latest session. senator? >> good afternoon, neil. >> what do you make of the resistance here in congress? >> well, you know, it's going to be a battle. always is. but we have made a lot of progress. last congress, senate republicans adopted a moratorium and the democratic senators responded in kind. for this congress the senate republicans have a moratorium. we haven't heard from the democrats yet. so i'm worried about backsliding. earmarks are an abuse of -- avoidance of the way taxpayer dollars ought to be protected. and then, of course, they've just escalated totally out of control. so, we're going to have to keep working. we have some new members who will be supportive of this. ted cruz from texas. i'm cautiously optimistic. >> they call them something else. >> that happens sometimes but there's no question the number of ear marks dropped enormously in the last come with the moratorium in place. there wasn't a single ear mark

and inspector toomey told me that they have other leads that they are following which made kelly the prime suspect. vic lee, abc 7 news. now, kevin's family has been desperately waiting for answers ever since he first disappeared in 1984. his mother ann colins learned search yesterday afternoon. while it has not produced any clues about her son she says it has still been emotional. >> still that little thing just to actually find him is going to devastate me. and when jaycee was found i was thrown for a loop. i thought all of these years i desserted kevin and didn't think he was alive and maybe he is alive out there. i just really went through hell over that. >> ann does not know what sparked new interest in the case but is encouraged by any development that may finally after all of these years provide some answers. >> cal osha fin sherred its investigation into the massive fire at the chevron refinery last august and that report is slamming the company with the largest penalty in the agency history. heather ishimaru tonight with the full story. >> reporter: cal osha say says sheb ra

>> i've cosponsored pat toomey's legislation, it is a temporary measure because we have to get the spending that is the big problem here in this country right now, bill. we are burying our children and grandchildren under a mountain of debt. and the credit agencies say they are going to lower our ratings but not because of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in

and finally, pat toomey voiced the same sentiment earlier this week on morning joe. >> our opportunity here is on the debt ceiling. the president has made it very clear. he doesn't even want to have a discussion about it because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean. >> governor, i don't doubt that 72% want to see the spending cuts. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion in r

let me play what pat toomey said to you about it. >> the president is clear. he doesn't want to have a discussion about it. he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece. >> i don't know if i call that a positive sign, nia. what do you make of that? >> it certainly isn't a positive sign but it's certainly a sign of where the republicans are right now. you heard lindsay graham even before the ink was dry on the fiscal cliff deal saying keep your powder dry on that deal and rev for the debt ceiling negotiations. they're going in claiming they have a mandate. the problem is we're going to see another big dust-up, the brinksmanship that we saw from the miss fiscal cliff deal and boehner saying he won't have any one-on-one meetings with president obama and president obama saying he won't have any meetings either. i think we're in for another big showdown. >> the republicans are saying revenue is done, no more

please take a look at what republican senator pat toomey said yesterday on "morning joe" about republicanbstructionism over the debt ceiling. >> our opportunity here is on the debt ceiling. the president's made it very clear, he doesn't even want to have a discussion about it because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean. >> so jared bernstein, if the president stands his ground and his ground thus far has been i'm not negotiating on that issue, where are we going? >> well, unless -- when the president says i'm not negotiating, what i very, very deeply hope he means is that i will override by dint of my constitutional authority those crazies who would default not only damaging our economy and defaulting on debt that's held around the world but really, you know, hurting the global economy. and so when he says i won't negotiate, i take that to mean i'm not going to play that game, i'm not going to let them hold us hostage. listen, i got to make one quick point. all of this

and finally, pat toomey voiced the same sentiment earlier this week on morning joe. >> our opportunity here is on the debt ceiling. the president has made it very clear. he doesn't even want to have a discussion about it because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean. >> governor, i don't doubt that 72% want to see the spending cuts. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion in r

dependent upon some form of welfare are not looking far excuse to join forces with paul ryan and pat toomey. meantime, senator rubio scheduled to address a business convention in washington in the past hour where he was expected to find a friendly audience for his full court press on immigration reform. joining me live now, senior political editor of nbc news, mark murray. you guys quote "the national review," as well and follow up with a wow. i guess in reaction to those words with "the national review" regarding marco rubio's role. >> the totality of that editorial seemed to be diss missing a lot of people. maybe, yes, they're demographically democratic voters and probably don't want to be discarding any type of future voters in presidential contests. especially among the fast-growing demographic of latino voters and editorial seemed to ignore some recent history. george w. bush won 40% of the latino vote in 2004. while that wasn't a majority, it was higher than what mccain got, 31% in 2008 and mitt romney's 27% in 2012. tamron, that could be the difference between losing and winning an e

some form of welfare are not looking for an excuse or action to join forces with paul ryan and poot toomeyer words, they'll never be republicans. there's lou bar let that, here is what he said about the immigrants that would be affected by the senator's plan. quote, they will be democrats. i hope politics is not at the root of why we're rushing to pass a bill. anyone who believes that they're going to win over the latino vote is grossly mistaken. the majority that are here illegally are low skilled or may not even have a high school diploma. the republican party is not going to compete over who can give more social programs out. they will become democrats because of the social programs they will depend on. in other words, latinos are democrats endemically. they will vote -- my belief, by the way, this is a case of the republicans, i think as more latinos make it into the middle class, more become upper middle class, more become entrepreneurs as inevitably is happening already, more will become republicans. that's the bottom line. >> sure, absolutely. >> they come from countries have that l

and pat toomey is willing to shut down the government over it. are you willing to shut down the government over this? >> well, chuck, let me go back and say, i wanted us to pivot from revenues about five weeks ago, and sort of laid a bread crumb trail towards the end that we achieved. but i would hope that we would pivot immediately to entitlement reforms. the president showed he just really doesn't want to deal with that now, and unfortunately, the next line in the sand is the debt ceiling. and so when you look at us, the president voted against the dead ceiling increase, and we had a 62% debt to gdp. we're now at 105, and we're red lining that. it's rising dramatically. and so i don't know how you get this president to look at spending reductions. you know, he said in the negotiations with speaker boehner that he had offered $1 trillion in cuts. and i think you do a great job, chuck. but nobody in the media has ever pressed him for the actually specific list of cuts. so here we have a situation where we've never received -- >> let me stop you t

. >> and here's the response he got the next day from republican senator pat toomey of pennsylvania.unity here is on the debt ceiling. the president's made it very clear; he doesn't even want to have a discussion about it, because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece, because that's the road we're on right now. we only can solve this problem by getting spending under control and restructuring the entitlement programs. there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that they're willing to do it. but

pat toomey says our interest charges are $300 billion a year, our tax revenues are ten times that.them if we prioritize and don't pay something else. >> meanwhile, jon karl, some democrats on capitol hill, the president says he won't do it, go to the 14th amendment and not allow the united states to default and keep on borrowing. >> it's hard to imagine that they're not going to be tempted to look at that again given -- >> even though -- >> -- how adamant they have ruled it out and white house said they will not and congress must act and saying no negotiations on this. standard & poor's, what their guidance is now saying the risk is not that congress won't act to raise the debt limit they're saying the risk is congress may undermine what little deficit reduction is already put in place. their worried about the underlying problem which is that we have been an exploding deficit problem. >> american people are worried about an underlying problem too. we just heard mitch mcconnell say something everyone can agree with, which is it's beyond me how we got to this point where we were righ

. >>> and senator pat toomey and a others here to talking about how to get out of the debt threat of hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick with joe kernen. andrew is in davos covering the world economic forum. we'll check with him very quick. let's look at this stock, united tech. the revenue looks a little ligh light. >> they're looking for $16.6 billion and the number, 16.fo$1 billion. >> almost in line. >> close enough for government work, right? ani fiscal 2000 sales at $64 billion for the company and 6.04 for 2013. that is exactly where the estimate is right now for the guidance. >> the company's ceo saying they closed the year better than they had been anticipating. they also talk about strong cash generation in the quarter and said they delivered on their commitment to pay down about a third of the goodrich acquisition debt. keep an eye on that. otis elevator, the equipment, up 12% over a year ago and now saying for 2013 they expect earnings per share of 5.85 to $6.15. the full year -- >> $6.04.

toomey it is a shame.ed the potential they have, the god-given ability inside of them but sometimes you're pressed against the wall, triggers put it out there. sometimes not having a job is when you start your own business, sometimes -- if you make poverty too comfortable people can't escape it. the eagle built his nest with thorns and a lot of feathers and everything and as the chicken gets bigger moves up so the only thing left are the floor and you eventually have to leave the nest. we are doing the opposite with people in poverty. we are making it so close she is harder to leave. stuart: all apologist. that was good. fine analogy if ever i heard one. some members of france's socialist party are having second thoughts about the 75% tax on incomes over a million euros. joining us from washington, senior research fellow with the mercator center at george mason university. born and educated in paris, raised in normandy. welcome to the program. >> thank you for having me. stuart: we find it hard to believe