the short term spending or deficit problems that we have. whether it s paul ryan s plan or the president s reduction commission, which, by the way, if anybody bothered to read, it s a document you can get on the internet, well thought-out. i think it s better than the ryan alternative. if the president would have adopted this we would be in a better place to discussion options. but the simpson plan is thought out and detailed and would be a great item that would be embraced by financial markets the world over if we were to adopt something like that. the president missed an opportunity to do that. ron, i think 12 or 14 former chairs have signed on and support the bowl-simpson plan. we could talk all morning. thank you. appreciate it. head to the website, msnbc.com for more.
deficit problems? we do. we have to juan what we need is not higher tax rates. we need higher revenues and how do you get them? higher revenues from and expanding economy. and that is where the big money comes from. i.e. paying no taxes for america, come on, you know that is not right, i want to say, i pay all my taxes. good man. chris: and if there is an irs agent out there. thank you, panel, see you next week, check out panel plus, our group will pick up with this discussion on our web site, foxnewssunday.com and will post the video before noon eastern time, up next our power player of the week.
deficit problems? we do. we have to juan what we need is not higher tax rates. we need higher revenues and how do you get them? higher revenues from and expanding economy. and that is where the big money comes from. i.e. paying no taxes for america, come on, you know that is not right, i want to say, i pay all my taxes. good man. chris: and if there is an irs agent out there. thank you, panel, see you next week, check out panel plus, our group will pick up with this discussion on our web site, foxnewssunday.com and will post the video before noon eastern time, up next our power player of the week.
comes to assessing individual policies. regardless of our differences confirms what we know. the current deficits unacceptbly high and stay on the current course and do nothing, the situation will hurt our recovery and hamstring future growth. it sounds like they re saying, what you re saying, peter, but they somehow came up with a different number. the president s never saw a dollar he didn t want to spend twice. they simply don t want to recognize that you cannot raise government spending by 1.1 trillion dollars in four years, when nancy pelosi became speaker of the house, and not have severe deficit problems in an economy that has 14 1/2 trillion dollars. it s just absurd what they ve done and now, essentially, they re preparing the country for a value added tax. oh, don t say that, that s what we need. tax on yeah and we also need strep throat. brian: okay, you re rolling. let s move onto the other topic. the president in brazil. why is he there, the budget
same period or four times what the president is proposing. and it did it by very aggressive action. not only on the discretionary side, where they suggested more significant savings than what the president has proposed, but also on the entitlement side which is where most of the spending occurs. 60% of federal spending is entitlement spending, only 50% is nondiscretionary. if you re going to fix the deficit problems, you ve got to go where the money is, and that s in the entitlement accounts. what are some of the viable options that this president, you know it s being reported there are going to be some meetings behind the scenes meetings with the gop to gauge the temperature for trying to do this politically unpopular thing. what would be some of the first steps they could do that would make a difference? well, they could just well, the first step they could do, they already have a memo or template for $4 trillion in