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>>neil: i guess back in the days of 90 percent top rate everything was puts in the caribbean. so you cannot tax enough from the rich, you have to go down the foot chain. or, you have to aggressively cut spending to boot. we have little appear tight for the latter. >>guest: you saw the president s reaction attacking paul ryan but it should be noted i know the obama versus ryan battle is described in various ways but there is the battle between the presidents budget and the scorekeepers of the con...

>> its a big part, the core part, but not the whole part. a lot of paul ryans balancing of the budget is based on tax increases, and hes not repealing. it turns out its really hard to balance a budget if youre not going to increase taxes, but one broader point here, we get into a trap in budget season, which as you know, i love, which we just sort of rate everything but how much debt reduction it achieves. you see these graphs, murrays budget has half as much deficit reduction, and i think someo...