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Cut would have been spent in the future or you are retracting it from the past so it doesn't affect the baseline. >> greta: i dug into it and i understand what you're saying this is what the american people hear. 38 billion cut from spending whether it is promises in iou's in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billions. however, by september 30th, there will be only 352 million dollars in cuts from the baseline s...

Cut would have been spent in the future or you are retracting it from the past so it doesn't affect the baseline. >> greta: i dug into it and i understand what you're saying this is what the american people hear. 38 billion cut from spending whether it is promises in iou's in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billions. however, by september 30th, there will be only 352 million dollars in cuts from the baseline s...

Going to devastate america. the last two years when the democrats had both houses of congress and the presidency, spending went up 24% on baseline spending. not counting the stimulus. so we can reduce that level and it would have a significant impact in reduction of just the discretionary spending, but you are right, that we do have to go further. there's no doubt about it. >> so you agree that -- that social security is going to have to be looked at, the retirement age is going to have to be raised, medicare and medicaid spending is going to have to be slowed down. does everybody know that on...

Guys. if we're all getting the rich getting everything they want. all the republicans in your state say that would be swell. disenchantment in all quarters. i think it's because you guys don't get much done. >> well, you know, bill, there is a lot of republic voters who feel that they are locked out of the process, too. i mean, they have different solutions for the problems that i would propose but they still feel outside the system. i mean, i think that's part of what explained the whole tea party movement that people kind of felt like they, the average american regardless of party affiliatio...