Deficit Reduction Panel News Today

Tied it at 105-105. five seconds left. johnson again. no. at the buzzer. joe johnson sends it to o.t. and then wins the game there. 113-111. brooklyn owns the number four seed in the east. as we sit here today. coming up next, alan simpson, the co-chair of the presidents 2010 deficit reduction panel, offers a little tough love, pitching his new plan to get the countrys fiscal house in order. >> i want to say to people, before you, you know, begin to drool at the mouth and go crazy and scratch ...

Becoming law because they would not get through the united states senate. what they allow is for both parties to posture and say what they are for. interesting thing to look at, though, for political junkies like you and i, the last time around the republican budget was almost passed universally by house republicans. this time around they may have some defections. one guy to keep an eye on who voted against it last time, denny rayberg in montana, what will he do today. will he be on board with w...

Highest earners, bush tax cuts, republican refused to trem rarely extend and increase for working americans next year and came down to the bush tax points, that was the sticking point. >> clayton: and like the teacher in the peanuts, wa, wa, wa. this drives americans nuts. the bickering back and forth they cant stand. the super committee was bound to fail from the beginning. >> dave: it was. >> clayton: senators simpson from simpson-bowles says you had individuals on the deficit reduction panel,...

Fiscal responsibility, its not about independents per se. its about not letting the elk tre extremes lead the way. it leads to no progress. everythings god to object the table to move forward. its about entitlement reform. >> but the problem is that the center right is being challenged by the tea party. theyre talking about taking out senators, theyre -- taking out their speaker in primaries. theyve got to get that under control. they have to get it under -- >> it tom coburn and dick durbin coul...

Those top two brackets, and bring them back up to the clinton rate. i believe theres no supply side effect there. we did it in 1993 people said we were going to destroy the economy, in fact we had the longest expansion, economic expansion in american history. i would leave the middle-class tax cuts intact for a limited period because i do think that the probability is higher that were going to have slow and bumpy growth than vigorous growth, and i think given the vulnerability, the high unemploy...

Together, the republican senators who created the deficit reduction panel voted against it because obama supported it. >> almost any long-term political system will say that its deteriorated substantially in terms of the willingness to work across party lines and the willingness to make tough decisions. >> how worried are you about this issue of republicans and democrats finding it impossible to come together? >> you know, in a perverse way it could be a blessing because if they could agree on s...

Economic time. we need to put limits on spending. we need to get the deficit down. we need to get economic growth going again. the problem with this administration is they like jobs, but they hate job creators. thats what put us in this situation. >> you know frank, i wish that the republicans in the senate would be listening to you. there was a chance, earlier this year, to create a deficit reduction panel. the republicans in the senate killed that. and the president then created one by executi...

Friend. in the meantime, as the government doubles down on spending the next guest says it has to double your taxes to pay for it. scott hodge joins me with high-popping numbers. i was looking at the report from the foundation saying that if we want to hypothetically get it in balance, they are not cutting spending. to do it with taxes, theyd tax a lot. how much? >> 242% in this year alone just to close the $1.5 trillion deficit that this administration has run up. as you know, the administratio...

Were going to ask ohio congress woman marci captor. and also black republican activist hayes carll smith why he believes african-americans who traditionally voted for democrats ought to be voting like him and former apprentice wannabe on why she quit her job as a prosecutor and what it felt like being fired by the donald. plus, former colombian president uribe took on drug trafficking and violence in his country and well ask him how we can stop the drug trafficking and violence at the u.s. borde...