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Tax revenues plummet. people are out of jobs since world war ii the average 3.2%. in ronald reagan we grew 7.2%. if we get up to 3.5% that will be dramatically more revenue but the way is through progrowth policies not new and additional taxes. >> are you willing to risk default on the debt by taking the debt ceiling battle right to the limit? >> no and let me be clear about this. i do not support default on the debt. we should never default on the debt and the only players in washington who are...

Nearly 40% in the last three years which enable us to reduce unemployment and create even more jobs than before. so this is, on the one hand. on the other hand, of course, we are still facing the europe, part of our export is to europe. our export to europe is slowing down and we have to handle the situation. still even if you get some success by handling this global crisis it is still a very great situation and we have to be very careful and very responsible in order to defend the israeli econo...

People are out of jobs since world war ii the average 3.2%. in ronald reagan we grew 7.2%. if we get up to 3.5% that will be dramatically more revenue but the way is through progrowth policies not new and additional taxes. >> are you willing to risk default on the debt by taking the debt ceiling battle right to the limit? >> no and let me be clear about this. i do not support default on the debt. we should never default on the debt and the only players in washington who are are threatening to de...

Polling in the combine. what was your conclusion when you found out far off the romney campaign got it. >> well you have to understand that it is so much worse than public polling. obama is shown 5.2 points worse than he did. the public poll shows obama performing 2 points worse. so they are showing 3.2 points worse than public polls, not paid by the romney campaign to produce the right answers. the second thing, is their explanation doesnt really line up. they didnt show diverse states like flo...

Expiration date is coming due again. but there is really nothing changed between the unemployment rate and slow economic growth. its like 1.83% or something like that. mexico is 3.2%, for crying out loud. yet the fundamentals havent changed. the politics changed. >> steve: the democrats were for them before they were against them. >> thats right. for me, i would just like really good policy to come out of washington. i think political revenge is not a good way to make good policy for all of us g...

The rate of return is more like 8 percent. in reality its nothing like that. >> with this new study they have roughly $1.2 trillion in a gap between what they promised to pay future retirees and what they will have on hand to cover those benefits. that is about 300 million more than the firm itself. it shows pensions are accurate with the short fall estimate. the study also estimated median return to be 8 percent when the returns dropped to 3.2 percent over the last five years. unfunded liabilit...

Some of them conflicting. we have a poll one day that says, for example, obama is up two in ohio. we will get a poll the next day that says he is up nine. which is it? that is where the average comes in. they have been useful and effective tool for gaming where the race stands. >> we saw a full screen of your real clear average poll between the two nationally you have president obama up by about a little over 2 percent; that right? 3.2 percent difference. that is from 9-25 to 10-4. do you expect...

Deficits. he didnt really inherit it. he helped create it. 2009 was the first year in office and especially something he doesnt seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that presiden...

Deficits. he didnt really inherit it. he helped create it. 2009 was the first year in office and especially something he doesnt seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that presiden...

President truman. >> steve: what is interesting george bush 3.2. spending up 3.2. over lap bush and obama 10 percent . the cure obama years. 10-13. that is 23 percent increase. >> steve: why didnt you make that available to people of 60 minutes. >> would they have use today? i dont think so. >> brian: it was carried over with interest. and hes only responsible for 10 percent of the deficit that is being pened on him. >> you can juggle around the numbers all you like. he said it was the bush tax ...