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And coal companies and impose a big tax on big banks to recoup costs from the bailout. this is fair. this is common sense. but the gop must not have seen the polling on this one. >> today president obama released a budget that isn't really a budget at all. it's a campaign document. so this is a charade. a charade. >> a charade? good luck with that argument. joining me now is congressman chris van holland, democrat from maryland. governor ed rendell, nbc news political analyst and former dnc chairman. thank you both for coming on the show tonight. >> good to be with you. >> congressman, let me ...

Spending. it's na gimmick, it will be a difference in priorities. what are the priorities and republicans will have to continue to fund those tax breaks for millionaires and oil companies. >> and now the buffett rule is front and center and the republican has to respond. >> the gop has to worry about what happened last summer and last december. the democrats in the senate are not going to do a budget. the congress is supposed to produce a blue print, the house will do it and the senate won't. we have flying blind, so this is of concern we want the process to be more on track rather than being ...

Deficit. so how -- and this is over the next decade, of course. how, on the one hand, they argue about the deficit and the debt and on the other hand argue about not receiving over the next $5.4 trillion while protecting millionaires? >> well, you're absolutely right, reverend sharpton. although that figure, i think, is for the entire bush tax cuts expiring, including the middle class. but regardless, what the president has done here, they -- the republicans can talk about it being a campaign document. he's done three basic things. number one, he's increased revenue. and increased revenue in a...

Agreed to as the debt deal in august. in any case. of the $3 trillion, half is in spending cuts. half in tax increases on the wealthy. if that sounds familiar, the fact is that the plan is basically what they offered last september. roundly rejected by the house and the senate. that raises a question is this really a serious plan to govern the country and reduce the deficit in 2012, this year, or a political document, a campaign document to get the president re-elected? >> thinking of campaign and politics. a busy week this week. you had former alaskan governor sarah palin as the next guest. >...

Makes you think he still kind of doesn't get it. david gergen says to him -- david plouffe from the white house says you have no core. what do you think about those critiqu critiques? at first he laughed and said i don't read them. then he says i wrote a book in 2010, all my beliefs are there. no, it's not a campaign document, what do you really think? >> well, he lives on the edge drinking yoohoo, that tells you a lot about him too. how concerned is mitt romney do you suspect about newt gingrich? we were talking about this in our last segment. is newt just the latest greatest? or are they loo...