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At that time a look at the morning papers. according to the "the wall street journal" 60 major u.s. companies part to combine 166 billion dollars in profit in offshore accounts shielding more than 40% of their annual earnings from being taxed by the united states. u.s. law allows companies to not record or pay taxes on profits earned by subsidiaries load internationally so long as the money is not brought back to the u.s. >> makes sense, right? okay. we don't need to ask for reform. "usa today" the amount of homes for sales have dropped dramatically and driving up home prices in the rented w...

Year which is the path we are on which takes us away from ever balancing the budget which produces a debt crisis. that is the problem. the president has us on a path toward a debt crisis that hurts everybody. that brings us to a recession. gives us a european kind of experience we want to avoid. we want people going back to work. higher wages. more jobs. a growing economy. we get that by balancing the budget. >> chris: there are two sides to the argument. the president would say the spending cuts and sequester and cuts that you going to propose in the short-term could actually hurt this kind o...

America to fiscally sustainable path. how much would some of the most talked about solutions save? shutting down the post office on saturday would help save about $3 billion. changing medicare eligibility from 65 to 67 would bring back $6 billion. plan proposed by senator tom coburn that cuts non-semidefense programs, that would save $7 billion. capping deduction at $25,000 would keep $68 billion safe. propose additional taxes on the top 2% of income earners well, that would bring in $82 billion. so hypothetically if all of the proposed solutions two be enacted we would spend $166 billion less...

Some of the population f y. if you don't want to get rid of medicare there is stale red -- still a redistribution of wealth the there. >> annie there is always a redistribution of wealth in the picture ann picture. it seem there is a one-sided plan how to redistribute wealth in terms of ryan and his presidential candidate, mr. romney, because 62% of ryan's cuts come from low-income programs. $810 billion cut from medicaid you can $134 billion cut from food stamps, another $166 billion from pell grants. it looks like the cuts are all on the middle class and lower class americans. absolutely. ex...

That's another 15 million or so people who would have had insurance and aren't getting it. maybe the big way it saves money is 45 million people will lose health insurance they otherwise would have gotten or their coverage will become worse. and ryan's budget cuts $134 billion from food stamps, which is enough to kick about 8 million to 10 million people out of the program. ryan cuts $166 billion from the portion of the budget that houses our education training employment and social services. we don't know how he would apportion the cuts, but the documents he's released said a big chunk will h...