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Transcripts For CSPAN Capitol Hill Hearings 20121205

Here are the figures, when you look at it. Oecd started after world war ii. You could at least tell what the revenue was. We did know what the gdp was. No. And we are now, all governments, spending 42 of the gdp. And we want to make any effort to stop that . Or are we discussing to say it has never stopped before . I think the earlier Social Security, not fully implemented. There was no medicare. It has been pretty stable since 1980. It goes up and down with the business cycle, but it is pretty stable. This is the division between the right and left. Who will continue to fight about bigger government and smaller government. We will not do it by refusing to pay for the government we have, thinking the economy in the process. That would be a good start, as a backdrop. I want to touch on your question about corporate and individual taxes. The third piece is small businesses. We work out how develop a tax code that is good for competitiveness. You need to think about how those play into it

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