Alan Stinson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

host: the former governor of their york recently wrote that the congressional lame-duck session which begins tomorrow should be the last in history. she wrote, on november 2nd, the voters replaced the democratic majority in the house representatives with at least 61 new republican members who campaigned on lower spending and less government power, allowing members who are not reelected to legislate a national policy or set the federal budget for 2011 is like allowing a fired employee to run the office for another two months or now in your -- or allowing your ex- spouse to write your ...

Why he's been put on this commission. now, he could make -- he could solve this problem by saying some people think i'm there to raise taxes ain'ting with to happen. that would be impressive and i would say very good. all he keeps saying is everything's on the table. we know from this administration that they're looking at value added tax. all their advisories are talking about the value added tax on and off the record now. that's the goal of this operation. and there have been efforts before, to say let's cut taxes -- i'm sorry, raise taxes and cut spending. this was done in '82. reagan got f...

How much has he raised from poor old taxpayers to do his antitax stature. >> neil: alan stinson not holding back on the president's debt reduction commission with criticism, grover norquist her to respond. grover, mean words from him. what happened between you two? >> well, you're getting a little of the grumpiness there. look, obama, president obama, wants a commission that will come out and say we should raise taxes to pay for all of the massive spending he and reigned pelosi have done in the last year and he picked alan stinson to be the lead republican on a commission whose job is to say t...

You're never going to have the revenue to balance the budget. but it will take all three. as i have said -- >> neil: they raise -- we had alan stinson here yesterday and he didn't want to rule anything out but when i asked about a value added tax, again, i don't want to put words in his mouth, open to that but it cannot be a pile-on. it has to be greeted by a cut in income tax. are you of that mind or if we did a value added tax, you would favor it in place of the income tax system? >> at the end of the day, how they make their suggestions, i'm not for raising taxes on american people. i belie...

panicking. the dow jones industrial average careening, better than 213 points. back now under 11,000. but not a single congressmen saying so much as boo on that. less interested in getting answers to prevent another greece here to getting goldman, period, today. >> how much of that [ bleep ] deal did you sell to your clients? you knew it was a [ bleep ] deal. >> again, no answer my question. it's very clear. >> i guess mr. chairman that i'm not going to get an answer to my question. >> i'm wanting to know who is the driver here? who made the decision? >> neil: all right, the back and...