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Income distribution than the 2001 and 2003 tax cuts. >> as for the fears that going off the cliff on new year's eve would result in economic disaster, the former budget director explained as we have on this program, that there is a big difference between going off the cliff and staying off the cliff. >> is that going to be enough to avoid a recession in 2013? even the concongressional budget office is saying we will see it because it's not being addressed. >> what they're saying is if you go over the clif and stay there, that is such a fiscal constraint that that will cause a rescissirecessio ...

By the way, where are those taxes? we're not going to get those, either. that's later in the show. for more, let's bring in robert reich, former labor secretary under president clinton. cn be, c contributor and author of the book "beyond outrage." lord forbid if the american people ask for detail on this. will cutting things like pbs balance the budget? >> no, ed, they will not. i mean, look, romney has studiously avoided any details with regard to how he's going to pay for these gigantic tax gives ways to the retch or how he's going to cut the budget. that's why paul ryan's budget, the budget...

He's running for president. his books always seem shrouded in secrecy, don't they? by the way, where are those taxes? we're not going to get those, either. that's later in the show. for more, let's bring in robert reich, former labor secretary under president clinton. cn be, c contributor and author of the book "beyond outrage." lord forbid if the american people ask for detail on this. will cutting things like pbs balance the budget? >> no, ed, they will not. i mean, look, romney has studiously avoided any details with regard to how he's going to pay for these gigantic tax gives ways to the r...

The romney/ryan plan protects medicare benefits for today's seniors and strengthens the plan for the next generation. >> i'm mitt romney and i approved this message. >> and so now the romney campaign is claiming to be the protector of medicare. but the romney campaign seems to realize that they have to protect medicare from medicare's worst enemy, romney's running mate, paul ryan. >> when obama gutted medicare by taking $717 billion out of it, the romney plan does not do that. the ryan plan mimicked part of the obama package there. the romney plan does not. that's a big difference. >> joining ...

it's a trip designed to make him look presidential, but the headlines mitt romney is generating in london would make any white house cringe. his campaign is doing damage control after british news media seized on a remark romney made questioning london's readiness for the olympics. cnn national correspondent jim acosta is in london for us. jim, what's happening now with mitt romney? >> reporter: candy, mitt romney woke up to headlines he did not anticipate when he embarked on this overseas trip. but his campaign is confident he can clear the next hurdles ahead. mitt romney hit the re...