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State-wide 11 dollar an hour minimum wage, because that would be good economically for the state of massachusetts. and this week in the united states senate, senator elizabeth warren of massachusetts made a widely circulated senate floor speech, making the case that the era of fighting about cutting social security is over. and now it is time to talk about expanding social security. at the very least, that used to be beltway heresy. senator warren now joins us, senator, thank you for joining us, nice to have you. >> it is good to be here. >> so why now? why do you think now is the time to talk...

State-wide 11 dollar an hour minimum wage, because that would be good economically for the state of massachusetts. and this week in the united states senate, senator elizabeth warren of massachusetts made a widely circulated senate floor speech, making the case that the era of fighting about cutting social security is over. and now it is time to talk about expanding social security. at the very least, that used to be beltway heresy. senator warren now joins us, senator, thank you for joining us, nice to have you. >> it is good to be here. >> so why now? why do you think now is the time to talk...

The currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn't a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. >> it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let's go back to the rome

Cuts in spending. for every $40 of tax it was 1 dollar of spending is that what it comes down to. >> they should get one tkhaoe one cheer for note causing a recession and imposing great harm on americans. this didn't address the debt which is larger than our economy economy, it's costing us a million jobs. we are growing slowly. we need an aggressive strategy which is about cutting spending to address that debt. bill: tell me what you believe would have been the best possible outcome? >> i never thought that we'd get a large agreement on the debt in such a short time period as the lame duck. f...

5 million instf 35%. unemployment benefit remain at one year instead of six months. >> steve: keep in mind, john boehner brought up his plan b a week or two ago and it was -- it set the limit at a million. that was voted down. so now there are a lot of conservatives who say, wait a minute. you're still at 450. they probably should have taken the million, but that ship has sailed. but a lot of conservatives are looking at the gigantic amount of tax increases compared to the number of cuts if you look at it, it raises new revenues and $15 billion in spending cuts, that is a ratio of 41 to 1. in ...