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Taxes on somebody? >> i think you have to restructure federal programs that have been around for 50 or 60 or 75 years to update them to the 21st century. mindless taxing -- look, geraldo, the real problem is right now you have two political parties that will argue and bicker the next 18 months and i think we don't have that much time. i think we are only two or three years away from a debt crisis similar to what portugal and greece and ireland have gone through and i think we need the american people to rise up and say the time to act is now. let's not wait until the 2012 election. >> geraldo:...

Spending. you have to show a path forward. he writes still danger lurks for republicans if they focus only on austerity and neglect to offer a progrowth message. cuting is not good enough, he says, show you can create jobs. that's the next factor in this equation that has to be proven. >> yeah, i think as a general proposition he's right. i think republicans, the presidential primary, 2012, cutting and austerity is going to go a long way and candidates who talk about entitlement reform in particular with the seriousness we haven't seen before, with the level of specificity that will be new to ...

But the big message is this is a huge bill, democrats scrambled to pass this, they did get republican senators' support, including the main senators, to back it. that's why the house has come back and this is going to be a big balance, a hodgist -- logistical nightmare because republicans in the house will vote no. bill: it's aid for teacher, money for teachers and medicaid but you said it's paid for, that must mean they're cutting something else out. like what? >> food stamps. this was a stimulus provision that will be cut. it hasn't gone into effect yet as far as what they are cuting in this...

You don't spend money then we will take it from you. >> it is easy for tim geithner to suggest, who cares about letting these expire? he doesn't pay taxes anyway. >> he is still learning how to triple tax. >> why not show the world by cutting taxes instead of raising taxes? >> it hasn't worked. cuting is what got us into the deficit we had. we had a surplus with clinton. bush did this to us. you always talk about sacrifices and what about our grandchildren? no one cares about the grandchildren. they don't want to do anything. they want to talk about it and it is another s cee wer into the obam...

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