Deficit Reduction Speech News Today

were talking about on wealthy americans. some of the taxes we have talked about before, limiting those itemized deductions that the wealthy take. closing loopholes on hedge fund managers, oil and gas companies, corporate jet owners and also letting the bush era tax cuts for the wealthiest americans expire when they are set to. also a little more than $1 trillion in war savings. of course, we do know that the wars in afghanistan and iraq are already going to be winding down. and thats s...

Deficit reduction speech, then be honest about what youre doing. dont pander to your audience. and thats what hes doing here. >> weve seen in the past, that some of the -- >> im so tired of it. >> were going to take a quick break and be back with our panel, be back to hear some of the question and answer at that town hall. somewhere in america, a city comes to life. it moves effortlessly, breathes easily. it flows with clean water. it makes its skyline greener and its population healthier. all t...

Saying about obama? >> on policy, he blew it. one example to see is when they did the whole big announcement. hes running for president. trying to tick off the big achievement. health care, which is good. but the other one is the repeal of dont ask, dont tell. which frankly they were asleep on for most of the first period of the midterms. what i will say about the audio clip you played though, thomas, is he sounds great. he says bring it, feisty, tough. i can tell you when i was on the road with...

Yes. joe biden appeared to nod off briefly during obamas deficit reduction speech today. it happened as the president tried to accuse republicans of trying to end medicare as we know it. theres been no response from the vice presidents office. take a look though, bidens eyes opened up as the president was saying tough luck, youre on your own. so jack cafferty is here. he is either sleeping, jack, or hes concentrating really hard on what the president is saying. or hes praying for that matter. co...

He hub. was joe biden sleeping during the presidents speech today? you can judge for yourself. interview with a man who couldnt put libyas glmoammar gadhafi in prison. thats coming up at the top of the hour.

End medicare as we know it. it is a powerful accusation. >> well, what the president has proposed is to allow medicare to go bankrupt. thats what the trustees to medicare say. we know that medicare and medicaid and social security, programs that have been of great benefit to our parents and grandparents are morphing into ponzi schemes for our grandchildren. i will set up artificial numbers and then im going to have rationing on steroids and price control on steroids. when it comes to medicaid th...

This fight right now. hes no longer on the side lines. >> no, not anymore. i think as we go through the 2012 campaign, we may look back at this speech as the first speech of the 2012 campaign. i dont know about you, but what i heard the president, he seemed almost emotional in a way that i hadnt heard him before, particularly over the issue of medicare. just listen to what he said and then listen to what the house budget chairman paul ryan said in response. >> i will not allow medicare to become...

Rationing is what will help our seniors. >> let me be precise. the president at the end of the speech was also addressing the liber liberals, progressives of his own democratic party and saying you know what, you guys -- i think he was talking directly to you and some of your colleagues. you guys have to grow up as well and you have to deal with medicare, medicaid and these entitlements. otherwise the country will go broke. >> 100% correc it is inning watch the schizophrenia of the republican pa...

That was excessively partisan, dramatically inaccurate, and hopelessly inadequate to addressing the pressing fiscal challenges. what we heard today was not fiscal leadership. >> reporter: demand is just on sharp on taxes where the president vowed to raise taxes on the rich even though he avoided that chance in december when he extended the bush tax rates. >> they want to give people like me a $200,000 tax cut thats paid for by asking 33 seniors each to pay $6 thousand more in health costs. thats...

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