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Automatic cuts, $1.2 trillion, shannon, and now you are here and everybody talked about how terrible it is, right? >> let me ask you this. there are a lot of unfinished things because of what happened in this committee that will roll out over the next few months that will start concern. things like the payroll holiday. >> and extending jobless benefits. a lot of cabooses were kind of locked on to this train and now that that is gone what are they going to do? that's a problem, they will have to figure it out because that's obama's top priority is keeping the payroll tax cut in place makes him ...

Automatic cuts, $1.2 trillion, shannon, and now you are here and everybody talked about how terrible it is, right? >> let me ask you this. there are a lot of unfinished things because of what happened in this committee that will roll out over the next few months that will start concern. things like the payroll holiday. >> and extending jobless benefits. a lot of cabooses were kind of locked on to this train and now that that is gone what are they going to do? that's a problem, they will have to figure it out because that's obama's top priority is keeping the payroll tax cut in place makes him ...

I like math on this program. as you remember, nay just had an $858 billion in tax cuts over the next two years. when you subtract the $200 billion they just cut to the $858 billion in tax cuts, you still have $658 billion to go and you still haven't made it up. these cuts, whether it's obama or the republicans, it's not putting a dent in the budget because of the giant tax cuts. we keep focussing on the wrong problem. let me prove it to you without a shadow of a doubt. the projected deficit in 2011 is $1.6 trillion. the whole nondefense discreti discretionary spending budget in 2010 was $477 b...

Understand. what do you mean, cadillac and social security. bottom line that in language we get. >> the fact of the matter is they have double count in here. they have spending that will never occur -- savings that will never occur. they are taking money from the so-called social security trust fund, we all know there isn't one. it's coming out of social security which is already in difficulty. they are taking $500 billion out of medicare. they are going to increase taxes $658 billion. they are going to mandate that if people can't afford to buy this insurance, you are going to have to get 2 1...