Page 20 - The Automatic News Today

Ironically was a democratic plan when they called on congress to go ahead and pass the fax extension so you didnt have a tax increase on 98% of americans. theyre doing that. remember if we go down this plan b route, it gets messy. we sort out the tax thing up front. thats done. the spending cuts, the automatic spending cuts and sequestration goes into effect on january 1. thats kind of messy because theyre very ham-hanlded and theyre very across the board. then what the republicans would do woul...

This is why they are public servants. this is why first responders do what they do. you know, the -- this is who they are. they love kids, and they find a way instinctively to dig deep to create safe situations. now, the teacher, like victoria soto who actually put all her kids in a closet or a bathroom and stayed outside and that gunman killed her. the principal and the school psychologist who lunged for the automatic. these are stories that are more heroic than i know how to explain, but what ...

That changes every day economics? >> its a great point. i often wondered about this. a lot of republicans for the last few years have been extremely critical of any kind of government spending that has to do with job creation. theres a mantra mong republicans. government doesnt create jobs. all of a sudden now with the tax increases and the sequester, the automatic spending cuts you have republicans saying my goodness if we engage in this -- if we go over this fiscal cliff were hurting the job m...

Good morning to you. its very interesting when you watch what some would call market forces, changing the dynamic in a lot of the states. what is going on in the autostate, in michigan? >> this is the state that gave birth to the modern labor movement, it is of enormous symbolic importance to the union movement. i have relatives in michigan. my fathers family is from there, many have been union members. the economy has changed. its now competing on a whole range of areas that it didnt before. th...

And everybody knows that. 23 million jobs, balanced budgets, all the rest. its not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars, and stopping those automatic cuts. were off the cliff. and then we get together with goodwill, right in january with the new senate and the new house, and we hammer out the long-range solutions to all this. >> i want to y...

Chris, what we understand is theres two things causing this fiscal cliff. just two things. theyre very important things. one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. its not going to hurt anything. the second thing, the automatic spending cuts. so my...

Extent? it has to be a 60/40, something like that, deal. how is that going over with your colleagues in the senate? >> honestly, i believe everybody on my side of the aisle -- i havent talked to much to my colleagues, my republican friends, because theyre under a lot of pressure and im not going to put more pressure on them. but i think among the democrats, chris, what we understand is theres two things causing this fiscal cliff. just two things. theyre very important things. one is the bush tax...

Do than what you want to do. i agree with ruth, it will get done because it has to get done. and i think rate now were just waiting to see is last-second shot or a little sooner than that. >> bob, youre on the hill. you obviously hear the chatter like i do. when we talk about what can get done, it seems that getting something done is a blueprint to then work on something in 2013. >> yes. >> that cant necessarily inspire a ton of confidence in the process. >> with respect to the other members of ...

Dont. we dont even come close. its a mess. and if they dont fix something on the fiscal cliff, the tax rates, which are going to go up for everyone, the automatic spending cuts, which make absolutely no sense. if you and i sat down and devised it this way, we would have our head examined. >> bill: i think they are going to come to some kind of deal. i dont think they are going to lead that happen. >> lets hope not. because if they do its going to be an economic catastrophe. >> bill: stock market...

Dont. we dont even come close. its a mess. and if they dont fix something on the fiscal cliff, the tax rates, which are going to go up for everyone, the automatic spending cuts, which make absolutely no sense. if you and i sat down and devised it this way, we would have our head examined. >> bill: i think they are going to come to some kind of deal. i dont think they are going to lead that happen. >> lets hope not. because if they do its going to be an economic catastrophe. >> bill: stock market...