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The budget package that governor romney has put forward, and by the way, and by the way, president obama in almost four years now has failed to present a single budget that could be passed. he presented bulge thaets wer that were such jokes it got a 414 to vote in the house. he has absolutely made no effort to meet his legal responsibility to get a budget forth. when you don't have a budget you can't have an economy that functions well. megyn: how should governor romney have responded? even some rerps coming out an republicans are coming out and saying, to demand an apology, over he may have c...

Cut the corporate tax. you listen to bill clinton talking now, he's -- he believes that america is competitive globally by having low tax rates. >> and by having fair tax rates. so, for example, he would want corporate tax reform and eliminating a lot of the loopholes that have -- >> but he -- >> sprung up over the last 15 years. >> he has come out and said lower the corporate tax rate. >> but he also is, i believe, in favor of simpson-bowles the deficit reduction plan which has about $1 trillion of revenue increases in it because you cannot make the numbers work without revenue from is somewh...

Party that will brook no compromise, and this is not just my assertion. we had presidential candidates who stood on stage and were asked, would you accept a budget package, a deficit reduction plan, that involved $10 of cuts for every dollar in revenue increases? 10-1 ratio of spending cuts to revenue. not one of them raised their hand. think about that. ronald reagan, who, as i recall, is not accused of being a tax and spend socialist, understood

Economic activity but also say we've got to address the long-term responsible path to fiscal discipline. where is that in this budget? where is that on capitol hill? this is not just you the democrats but i haven't heard it from the republicans either. where are the guts from any members of congress to really tackle social security, medicare or medicaid? or is it still true that everybody is worried about getting reelected. >> well, you'll see some changes in medicaid. there are some changes in medicaid in this budget. for example, there are some cuts that put an end to some of the gains that ...

Budget package passed through congress, that top-line number needs to stay firm. and i'm serious about it. we have initiate a whole host of measures to cut programs that aren't working. including by the way, in the defense area. bob gates has been, i think, as successful as any secretary of defense in recent memory, in actually killing programs which i think anybody who follows washington knows is very tough, very difficult. we've instituted paygo, and although there were baselines built in that took into account the fact that some of the stuff was not going to be solved overnight, it is start...