Deficit Mess News Today

Interesting there you said your father drives the prius to the challenger. which is a private jet. do you want to expound on that a little bit? >> well, you know, his take is, he owns a lot of trees so his carbon footprint is pretty minimal. >> bill: that sounds like a rationalization to me. [ laughter ] >> well, it may be that its like catholic indulgences are well in mitigation. we can say a lot of the things. when it comes right down to it, we need to have clean air and clean water but we can...

Interesting there you said your father drives the prius to the challenger. which is a private jet. do you want to expound on that a little bit? >> well, you know, his take is, he owns a lot of trees so his carbon footprint is pretty minimal. >> bill: that sounds like a rationalization to me. [ laughter ] >> well, it may be that its like catholic indulgences are well in mitigation. we can say a lot of the things. when it comes right down to it, we need to have clean air and clean water but we can...

Theyre going to come up with. >> heather: don, what about you? now that these republicans want off the list? >> they implement add doomsday machine. with that looming, there is really no way you can cut your way out of this, regardless of the pledge they made. we cant be like greece and thely. weve got to get our way out of this deficit mess and theyre going to have to agree to some sort of revenue increase, whether its considered a tax or not. there has got to be some increases. >> heather: rev...

Remotely comparable. right now 20% of income in greece is unreported. its 7 in fact the u.s. when you talk to that initial fact you gave about the number of tax returns that didnt pay taxes its largely because of benefit and credit, not because theyre underreporting or misreporting income. thats a huge difference in the culture of greece where avoiding taxes is something you brag about at cocktail parties. thats not the way our culture works. im not minimizing the deficit mess were in, but keep ...