Transcripts for CNN AC 360 Later 20131015 02:08:00 : vimarsa

CNN AC 360 Later October 15, 2013 02:08:00

deficits and adding $7 trillion of debt and they wanted the president to provide leadership. simpson bowles turned his back on. that it is insanity we don't have agreement on entitlement reform. >> i'm for tax reform too. i'm for a grand bargain. but it has to raise revenues so the democrats have one side of the bargain. what the republicans are opposed it's not a grand bargain. it's their way or they will destroy the economy of the united states. >> you got $600 billion of new revenue the last go around. >> a sequester level. >> and if you look at the -- >> the deficit from the last three years have been going up or down? >> the debt has been going down. and the deficit -- >> for the third year in a row the fastest decline in the

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