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Wholeheartedly. that will be interesting moving forward. the one group that could actually do something about reducing the nation's debt, the super-committee, this is the plan the president is putting forward to them, they have their first behind closed doors meeting today and they feel they will do some substantive work. jon kyl, the republican senator on that committee, which asked about the president's plan, said that was a campaign document. so that group starting the real work today. don't think they'll take too much of the president's plan into consideration, thomas. >> luke russert on c...

Credit except on very high terms of interest. in terms of the economy, republicans say they won't allow the vote to raise the legal limit $14.3 trillion, unless there's significant deficit reduction legislation attached to it. to that end the republicans passed the bill yesterday. you mentioned the president is going to veto it. the president puts out a framework of a plan earlier in the week. medicare, both sides agree that has to be reformed. taxes, both sides agree that has to be reformed. there's the starting point. there are people talking behind closed doors. in the initial stages, it ha...

What matters to me is we fix the country's problems. this is the debt the cbo says we're going to have. we're giving our children a lower standard of living. our plan pays the debt off. we believe we need to own up to the fact that the country is on an unsustainable path and we've got to do something to fix this. >> but you're the budget chairman and you have your charts, i understand -- >> i have more. >> i know you do. but you also have a reality. you heard david plouffe say this is not going to pass. it might pass the house, it won't pass the senate and certainly not become law. is this goi...

Country's problems. this is the debt the cbo says we're going to have. we're giving our children a lower standard of living. our plan pays the debt off. we believe we need to own up to the fact that the country is on an unsustainable path and we've got to do something to fix this. >> but you're the budget chairman and you have your charts, i understand -- >> i have more. >> i know you do. but you also have a reality. you heard david plouffe say this is not going to pass. it might pass the house, it won't pass the senate and certainly not become law. is this going to be a campaign document? >> ...

Bush and to john mccain, mark mckinnen, was quoted in "time" magazine saying the following about your budget outline. i want to put it on the screen. "it will completely transform the fiscal debate. it will either be the brilliant blaze that illuminates republican courage or roaring fire that immolate the party in a spectacular political suicide." how's that for choices? we've heard this before. >> i've heard this before. it didn't really matter to me. what matters to me is we fix the country's problems. this is the debt the cbo says we're going to have. we're giving our children a lower stand...