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ask them to do the tough thing but the right thing. i think it has proven difficult for speaker boehner to do that. i've been left at the all are now a couple of times. >> dealing with the white house is like dealing with a bowl of jell-o. let me just say that the white house moved the goal post. they refused to get serious about cutting spending and making the tough choices that are facing our country on entitlement reform. so that's the bottom line. >> president obama has asked congressional leaders to come to the white house tomorrow to tell him how they plan to avoid defaulting o...

>> that's the house tonight passing h.r. 2560, better known as cut, cap and balance. now it's a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they'll defeat it. if somehow they fail, president obama says he'll veto it. in other words, it's doa which is why a lot of democrats are calling it a stunt and a waste of time. earlier today a ...

reconsiders laying on the table. >> that's the house tonight passing h.r. 2560, better known as cut, cap and balance. now it's a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they'll defeat it. if somehow they fail, president obama says he'll veto it. in other words, it's doa which is why a lot of democrats are calling it a stunt and ...

It is rather disingenuous to use that statistic. by my colleague's logic we ought to double taxes on everybody that makes more than $250,000 a year, take that money and distribute it to teenagers bau we know they will spend every last nickel. >> i want to let check respond to that notion that this 2% really doesn't tell the whole story. chuck? >> i think if you look at it, kiran, obviously most people realize that most small businesses are small. peter mentioned the luncheonette. your neighborhood cleaners, your local plumber and local diner, these people aren't in the top tax brackets. they'l...

>> they go to these institutions for money because that's where money is. that's where you can get a lot of money. republicans can make the argument and do make the argument that their approach is better for free market economy than increased regulation. >> here's the smoking gun. i'm trying to figure this out. these are the documents which leaked from goldman sachs. here's one internal goldman sachs e-mail that came out of ceo lloyd blankfein, new head of goldman. of course we didn't dodge the mortgage mess. we lost money. then made more than we lost because of shorts. short selling. another ...