Transcripts For MSNBCW The Cycle 20121204 : vimarsana.com

0 historically, so the idea you raise them back to what people considered in the clinton era a reasonable rate is just a reasonable thing to do. it s not outrageous. really defaulting on the fact that tax rates have to go down, ultimately it falls on deaf ears. nobody likes to pay taxes, but we got to close the gap somehow. sure. could not agree with you more on that last point. if he we go back to the sort of origins of the self-inflicted fiscal whatever it is, you know, this all came out basically of the debt ceiling crisis of 2011 where republicans said, we are not going to do what we ve done repeatedly for the past 30 years and just automatically raise the debt ceiling. we re going to hold the country hostage over that. one thing we keep hearing over and over is markets and businesses hate uncertainty. bruce bar let put this debt limit debate into context better than i could today. he wrote the debt limit is nuts and serves no useful purpose to allow members of congress to vote for vast cuts in taxation and increases in spending and telling the truzary it s not permitted to sell bonds to cover the deficits that congress created. to my knowledge no other nation has such a screwy system. given the uncertainty that the debt ceiling injects into the legislative process, wouldn t businesses prefer it go away entirely? everyone should prefer that, because it s a rid lus construct. congress has the ability to vote for a budget, spending. you have control there. the idea one side or another can basically throw the country to the edge of crisis, which is where we were, default on our debt. are we kidding? what kind of government do we have? the idea you can allow that to happen when the congress already has control over spending is ridiculous. it doesn t serve any purpose. yes, we should do away with that. still have congress have the ability to block it, if they want to vote to do it, but not incremental increases when they don t serve a purpose. okay, henry bloj jet. thanks very much. thank you for having me. straight ahead, boehner lays down the smackdown on gop-ers who dare to challenge the status quo. later, i go hunting with doug dynasty. i m so excited for this show. the cycle rolls on for tuesday, december 4th. male anno] when a major hospital wanted to provide better employee benefits while balancing the company s bottom line, their very first word was. [ to the tune of lullaby and good night ] af-lac aflac [ male announcer ] find out more at. [ duck ] aflac! [ male announcer ] .forbusiness.com. [ yawning sound ] a new way to save on your prescriptions. it s the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens where you ll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.