i didn't agree either but it's a lot better than doing nothing. >> vin weber, welcome. agree with howard dean. small business is going to dump into the exchanges. vin, congressional budget office numbers. 75% of the tax is going to fall on people less than 200,000 a year. that's middle class. and things will cost 2.5 trillion. because i agree with howard dean, more people are going to be dumped into the exchanges. the costs will be higher and may well bankrupt us. what's your take on this, vin weber? >> i think you're exactly right. the notion that we could ever spend this much money on a federal health care program and not have it raise taxes, not have it impact the deficit was always a fantasy land. it will be proven to be fantasy land. the cbo numbers will be proven wrong but we have to argue about it for a while. as far as people being dumped into the exchanges i think that will happen. maybe some small businessmen like it but the president promised no one would have health care coverage changed, nobody. as howard said, a bunch of people will be dumped into the excha

and we'll have vin weber when he gets strapped in. steve forbes, the key immigration, police now can search and ask for immigration papers. that was the key issue. obama lost that. citizens united, i don't want to let it go away. the unlimited pac money from the citizens united decision also went against obama. steve, i think most americans think this fast and furious executive decision to withhold information, whether there is contempt or not, there's something fishy about this. there's something that suggests obama is hiding. this is 0 for 3. what's your thinking? >> it is # 0 for 3. i think the montana thing was amazing montana would try to go against that law or supreme court ruling only a year or two after the supremes made it. that's no surprise. on the eric holder thing, fast and furious, that just reeks that they are hiding something. eventually it will come out. probably not before the election. people have rightly, very real suspicions of it. concerning what's going to happen with the supreme court, but this all under scores

bob schrum will try when he faces off against vin weber. box" this morning. he says managing a small business is no different from managing general electric. how with all this regulation and taxation can any business survive? good question. the house oversight committee back to contempt of congress resolution against holder this afternoon. it's headed for a full house vote presumably next week. we'll see. darrell isa said after the vote in his words there is still time for contempt of the house to be avoided if, in fact, the documents that we have asked for are delivered by the time that the house has scheduled for a contempt vote. joining us now are oversight committee peter welch, democrat from vermont and jason chafitz from utah. is this political or is it really the thing that makes the most sense at this point? >> we're trying to get to the bottom of what's an absolute disaster. the attorney general called fast and furious flawed. you have a dead border patrol agency. weapons missing, purposely give en to drug cartels. nearly 3 million

vin weber, i appreciate it.alking about jobs and the economy, as many as a million jobs are on the line because of cuts to the defense budget. this is orchestrated by capitol hill liberals. there are big ramifications. steve handelsman has the full story. good evening, steve. >> reporter: good evening from washington. the point of so-called sequestration, automatic spending cuts, was to force a bipartisan budget deal on congress but it didn't work. the so-called super committee punted and now with a trillion dollars in cuts over the next ten years looming at the end of this year it's a hot partisan issue. the cuts are supposed to be 50/50, defense and nondefense, but liberals got the best of that deal. defense is not half of our budget and the big entitlements are not included. so defense takes a disproportionate hit. defense contractors are warning of layoffs. boeing defense ceo says the impact on his industry already cutting back due to earlier defense cuts could be devastating, with layoffs mullenberg estimat

. >> vin weber, if the president extended all bush tax cuts for a year because of this precarious situation, take away some uncertainty, in return give me construction spending, keep the firefighters and police on the payroll, would that work or is that a bad idea. >> i think the governor thinks spending is a problem now, not a solution. certainly extending the tax cuts, bush obama tax cuts, because president obama signed them into extension once would be the right thing to do. coupling that with an increase in spending is not necessarily the right thing to do. >> governor o'malley, both of you have been incumbent politicians. sometimes life and politics isn't fair. you look at the president's predicament. some compare to 1992 to president hw bush. the economy was coming back, then goes back. two steps forward, one back. when you look at it historically, how steep is the hill for the president. forget he is a democrat. >> this is a tough part in america's history, but i think the president rises to that occasion and we all need to rise to that occasion as well. look, he has been responsible

it was originally going to be vin weber, but perhaps the number was so weak the team felt em boldened perhapsed to speak out directly. he did just talk to us. said the president made it harder for the economy to recover. said the fed is basically should not ease. that any further easing or qe would not do much good. and said that we can't change what happens to the economies in europe and in china. also talked about comparing today's jobs number to the original promises that the white house made when it began stimulus long ago. take a listen. >> the president's policies and his handling of the economy has been dealt a harsh indictment this morning. and it continues. we've had 40 straight months with unemployment over 8%. 40 straight months. and as you recall from the beginning of the obama administration they indicated that unemployment would be kept below 8% for this entire period. they predicted that by now we'd be in the 6s with our level of unemployment. >> clearly we're not in the 6s. 8.2% now. so we'll keep an eye on what the republicans continue to say about the number. again,

i wrote an op-ed with vin weber last summer saying it was a mistake not to introduce it after the commissionmed reported but nonetheless there have been times all along the way to introduce it. nothing has happened. >> and jeffery, when you have everybody from tom coburn to dick durbin, two guys who are as ideologically apart as possible saying we need to do something, and they actually locked arms together at a political risk to themselves, and then the president sat back and said i'm not going to touch that, there's a problem. >> we've been stuck on the basic budget issues for years and there is no compromise. the compromise is more taxes and cuts in spending. and we can't get that basic compromise. so what are we doing? we're at the lowest level of tax collections as a share of national income that we've been in decades. the budget continues to hedge raj. you can't solve this by cutting. what's going to happen? >> the fact of the matter is, the last thing that anybody needs or wants is higher taxes to chase ever increasing spending. you got to get spending under control and grow the econo

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