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Affordability health care, president obama signed the affordable health care act. the bill was designed to address the two biggest problems of the american health care system. its extraordinary costs and its lack of coverage. and to do so in a way that improves, not weakens, the quality of our health care. before the bill passed, just 84% of the american people had insurance coverage and we were spending almost 18% of our gdp, 17.9% of our gdp on health care and that is about $2.5 trillion. othe...

Are you ready for this? question number one, in the war of 1812, who prevailed, u.s. or canada? >> technically it was a draw, but we won, canada. >> which u.s. president got stuck in a bathtub? >> a u.s. president got stuck in a bathtub? which one didnt? i dont know. roosevelt. >> it was taft, you got to know that one. how many pounds of bacon does the average american consume every year? >> as a vegan i no longer know bacon statistics. how many pounds of bacon each year. god, if the answers mor...

Under no circumstances are taxes going up because the president is insisting on tax increases as part of any deal. are you going to-- can you tell the american people tonight 100% certainty, thats not going to happen in this case? >> thats not going to happen. no, no taxes are coming out of this house, ill tell you that as the majority whip. whats more important for the american people to know, theres not a need for more taxes. for the last 40 years, the percentage of what revenue came into gdp ...

Under no circumstances are taxes going up because the president is insisting on tax increases as part of any deal. are you going to-- can you tell the american people tonight 100% certainty, thats not going to happen in this case? >> thats not going to happen. no, no taxes are coming out of this house, ill tell you that as the majority whip. whats more important for the american people to know, theres not a need for more taxes. for the last 40 years, the percentage of what revenue came into gdp ...

Govern and lead. and were willing to work with him, but hes got to come back. is there any loophole you are willing to close or deduction youre willing to get rid of? >> if you want to talk about tax reform, were sitting and working on tax reform. you want to know the difference of what were doing here. dave camp has put together 11 working groups bipartisan, republican and democrat sitting on ways and means looking at the overhaul of a tax reform. so were willing to do everything, to grow the e...

I think americans want to see us work together. he need to stop campaigning. >> one of the tricky things with the tax reform issue that i see is that early on in the process of trying to come in with a way to bring in more revenue republicans said we are willing to do it, wed like tow do it through tax reform,ee lame nature some of the loopholes, talk about capital gains. they raised taxes initially as part of the fiscal cliff bargain, now they are coming back for more and saying we also want wh...

His party and to be honest republicans on the challenges that lay ahead many terms of spending, debt, how to get the unemployment rate down from 17.9%. which is the ultimate challenge of his second term, and i think how his legacy will begin to be shaped. that depends much on how the economy does or does not improve in his second term. >> mike allen, in talking to key democratic senators who have been talking to the president about all of this, they say that he is willing to commit to some entit...

Provided more federal money to keep those cops and fire fighters and teach others the job. without that money more states and cities are going to have to let those myle class workers go. so, you know, it is all -- it is sort of like it doesnt matter to mitt what he says. he can shrug it off and sthak the etch-a-sketch. hes not really talking about the real world of middle class families losing jobs and as we are talking about losing that net worth in an incredible tragic fashion. thats not where...

Takes will come back, too. budget experts say get back to 17.9% of gdp if we keep the bush tax cuts and let the economy come back. if that happens our deficits will be huge. huge. so we have to do something. but mitt romney and president obama have very very very different ideas as to what to do and who should pay for it. obamas budget wants to raise taxes on the rich by $1.5 trillion. taxes rise to 19.2% of gdp. romney wants to cut taxes further, would extend the bush tax cuts and reduce taxes ...

Problem. >> reporter: the challenge for the u.s. is as we saw play out for bought parties with the failure of the super committee, the u.s. has serious debt problems of its own right now. megyn: lets compare what they got going on to whats happening near the united states. looking at unemployment we are at%. but look at these numbers from europe. 22.6% unemployment in spain. greece 17.9%. ireland and greece both in the double digits. france is almost there. these are from the international monet...