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I think americans want to see us work together. he need to stop campaigning. >> one of the tricky things with the tax reform issue that i see is that early on in the process of trying to come in with a way to bring in more revenue republicans said we are willing to do it, we'd like tow do it through tax reform,ee lame nature some of the loopholes, talk about capital gains. they raised taxes initially as part of the fiscal cliff bargain, now they are coming back for more and saying we also want what you suggested the first time around. >> if you read the congressional budget office latest repor...

His party and to be honest republicans on the challenges that lay ahead many terms of spending, debt, how to get the unemployment rate down from 17.9%. which is the ultimate challenge of his second term, and i think how his legacy will begin to be shaped. that depends much on how the economy does or does not improve in his second term. >> mike allen, in talking to key democratic senators who have been talking to the president about all of this, they say that he is willing to commit to some entitlement cuts. that he is going to show some leg in terms of what he will do. he still wants a deal an...

Provided more federal money to keep those cops and fire fighters and teach others the job. without that money more states and cities are going to have to let those myle class workers go. so, you know, it is all -- it is sort of like it doesn't matter to mitt what he says. he can shrug it off and sthak the etch-a-sketch. he's not really talking about the real world of middle class families losing jobs and as we are talking about losing that net worth in an incredible tragic fashion. that's not where his head is at. >> when you look at the time report from the federal reserve shows how badly the...

Takes will come back, too. budget experts say get back to 17.9% of gdp if we keep the bush tax cuts and let the economy come back. if that happens our deficits will be huge. huge. so we have to do something. but mitt romney and president obama have very very very different ideas as to what to do and who should pay for it. obama's budget wants to raise taxes on the rich by $1.5 trillion. taxes rise to 19.2% of gdp. romney wants to cut taxes further, would extend the bush tax cuts and reduce taxes on the rich. taxes would fall to about 17% of gdp. but what is interesting in these two plan is is ...

Problem. >> reporter: the challenge for the u.s. is as we saw play out for bought parties with the failure of the super committee, the u.s. has serious debt problems of its own right now. megyn: let's compare what they got going on to what's happening near the united states. looking at unemployment we are at%. but look at these numbers from europe. 22.6% unemployment in spain. greece 17.9%. ireland and greece both in the double digits. france is almost there. these are from the international monetary fund numbers. the zone *'s combined debt is $11 trillion. >> the put together than that's