Final Last Ditch News Today

Made public 48 hours in advance? >>guest: if it does, i suspect we could put out there what would be the ouines of the plan. i dont think we will try to give up on an opportunity to get it done, it is better than letting automatic triggers to decide where we make the cuts. >>chris: but, to be honest, it sounds more to me from what you and my previous guest are saying you do not want to admit pressure because you would like it blamed on the republicans rather than the democrats but it is still fa...

Expire that would provide $800 billion in added revenue but republicans are demanding the tax cuts be extended as part of any deal. joining us now is the key democrat on the supercommittee, congressman xavier becerra. you just heard congressman hensarling, it sounds like this thing is dead. >> we are deep into the fourth quarter but there is still time on the clock. i dont think any of us wants to let the time run out without trying everything possible to get there. >> chris: you say he fourth q...

Of blame. but it is a matter of fact we believe that is bad for the economy. >>chris: let me pick up on that and we will talk with a democrat congressman about entitlements on what they were willing and not willing to do. the fact is republicans, they say, republicans would not grow to a sizable increase in taxes especially on the wealthy because even the toomey plan, yes, it would do away with deductions but it was going to have a 20 percent reduction if the tax rate, not only would the bush ta...

Made public 48 hours in advance? >> it f. it would have to be made public in advance i suspect we would put out there would eceptionly would be the outlines of the plan. i dont think we will try to give up on an opportunity to get this done because it is better than ling automatic triggers. it is better to have a smart plan than not a plan that you can live with. >> chris: to be honest, it sounds nor me from what you you and congressman hensarling are saying that you dont want to admit failure b...

Stating that. unfortunately, what we havent seen in the talks from the other are side is any democrat willing to put a proposal on the table that actually solves the problem. and so unfortunately what we have particularly in medicare is a program where seniors are going to start seeing forms of rationing, seniors like my parents. it is not going to be around for my 9-year-old daughter and 8-year-old son and driving the country bankrupt. the republicans put forth a plan that was in our budget. it...

Going and the government going and the budget. you guys want to protect entitlements. they want to protect their tax cuts. the bush tax cuts. you have had three months. we have a $44 trillion that is going to be spent over the next decade. a $15 trillion debt. why couldnt you make a deal? >> chris, every plan that democrats have put forward has included cuts to entitlement programs. some deeper the bigger the deal. some smaller. >> chris: why couldnt you make a deal? >> i think for democrats we ...

Not a matter of blame worthiness, just a matter of fact we believe that is bad for the economy. we dont want to do that. >> chris: let me pick up on th and we will talk with congressman becerra in a moment about entitlements and what they were willing and not willing to do. the fact is republicans at least they say republicans wouldnt agree to a sizeable increase in taxes especially on the wealthy because even the twomey plan was going to do away with reductions but have a 20% reduction in the t...

Kick the can down the road and part of the rob was on your show last week, where congressman clyburn said the democrats have not coalesced around a position so it is hard for us when they are negotiating themselves. >>chris: but i want to make it clear at this point is there any effort, is there going to be a final last ditch republican plan? a new offer? >>guest: chris, there are multiple offers. >>chris: a new offer? >>guest: if, there are frameworks out there now, and know we have an opportun...

For courage. but we have not seen in the talks from the other side, any democrat willing to put a proposal on the technology that actually solves the problem. so, unfortunately, what we have particularly in medicare, a program where seniors are going to start seeing forms of rationing, seen yours leak my -- seniors like my parents. here was an opportunity, republicans put forth a plan in our budget and it was rejected by democrats and we gave them a bipartisan plan, and that was drafted by democ...

Road. and frankly, part of the challenge we had, i think it was on your show last week where congressman jim clyburn said the democrats hadnt coalesced around a position. hard to negotiate with them when they are still negotiating with themselves. >> chris: i want to get to the follow-up on what you said in a minute but i just want to make it clear. at this point is there any effort, is there going to be a final last ditch republican plan? a new offer? >> chris, there are multiple offers on the ...