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Trillion dollars. the federal employees have already taken $103 billion out of their salaries and contributed to the deficit. the economy is growing. the president has indicated we have an opportunity for innovation and growth. and i believe that that is our pathway forward. if the speaker does not want to come back to the table of compromise and address how we can both bring down the debt and grow the economy, then all we're going to be facing is a recession. >> sure. >> and that seems to be what their direction is, that they're willing to slash and burn as opposed to finding the right pathwa...

Increased tax on those assets. >> that's right. $503 billion in new taxes in here. one of them is the 3.8% tax on unearned income. that means the profit from selling something you own. now, that could include your home. some people won't have to pay it because even that profit won't push them up into the $200,000 or more income category. and first time homeowners get some explosion. but other than that, you may be socked with a big gain, a tax on your gain in addition to the capital gains tax you would already have to pay. >> going up at the beginning of next year as well. >> that's right. tha...

Weeds. we are tossing out phrases like, the vice-president said the republicans want to gut medicare. if you take a look at the republican house budget plan, which is the cheapskate of all budget plans out there, we are spending $503 billion today tcalls for spending $855 billion 10 years from now, 3% less than president obam a. so if that is gutting medicare, you know, i don't get. it the language on the in theic party is scare. don't engage on the substance. the president himself refuses to engage. you may not know this -- your viewers may not know this. there is a statutory responsibility f...

>> we are not down in the weeds. the vice-president said the republicans want to gut medicare, by cutting spending. if you take a look at the republican house budget plan, which is the cheapskate of all budget plans out there, today, we are spending $503 billion on medicare. it calls for a spending of $855 billion on medicare, 10 years from now. that's 3% less than president obama proposes. so if spending 3% less is gutting medicare, i just justin acri don't get it. the president himself refuses to engage on the substance. you may not know this -- your viewers may not know is a statutory respo...

>> good morning martha. how are you? martha: i'm fine, thanks. how do you think the budget debate is shaping up and the challenge paul ryan has to overcome people's fears about what they're being told he is all about? >> i thought that was a great response from governor romney yesterday. short, pit think, direct the and flipped the issue back on the president in ways ordinary people can understand. i have the whiteboard, martha. medicare, this is how he is supposed to be extreme? today, this year the budget will spend $503 billion on medicare. under the ryan plan, notion alley endorsed by gove...