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>> no, no. i think they have made a good-faith effort. there are a lot of colleagues who put a good amount of work into this. but there are a lot of details that we don't know. many of us who have looked at their proposal think a couple of things about it. one is it freezes spending at 2011 level, which enshrines the huge spending increases we have seen in the last two years. >> you want to go back to what, 2008? >> 2008 or cap and cut goes back to 2006. but we have been spending like drunken sailors. on the revenue, it is unclear which baseline you are using and we all agree it cons states a ...

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This is what they can pass. an approach. we now have an alternative throughout that puts the president and the senate democrats in a position they have to answer with something. so far, the president hasn't put a plan out. the senate democrats haven't put a plan out. we haven't had a budget in over 8 hyundais. they have to react to this and they will get on the record and get a chance to go on the record on saturday on cut, cap and balance. >> greta: after the cut, cap and balance vote. i assume that is not symbolic. when you do get the gang of six proposal unless the things we talked about, f...

Debt if we are going to raise the debt limit. there isn't another plan out that there that does that. if it doesn't pass, what is the next step? i am not sure i know the answer at this point, but it has to include meaningful reductions in spending or it's going to be very, very hard to get any republicans in the house and the senate to vote for it. >> i know you said no. have you made the announcement no. a lot of things have happened with different candidates. have you reconsidered it just a little bit about running for president? is there part of you that thinks maybe there is a chance you w...