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We are working on a may know budget which will protect the american people which we'll do away with a lot of the loopholes which will be a real contrast to congressman ryan's disastrous budget which will make devastating cuts for working families, low-income families, while lowering taxes for the wealthiest people at a time which wl the rich are doing phenomenally well. one out of four major corporations is paying nothing in taxes. my hope is that we can in fact develop a strong budget which is based on revenue and judicious cut cuts. >> when i see her saying she is open to chain cpi, if she, ...

So they lost ground. the third worst in the nation. texas was tenth best, because there is no state tax. the agreement is they need to cut spending but they can't do it either. they can't seem to figure out they need to cut -- therein lies the problem. not a tax problem. spending problem. >> bob: it is, too, a tax problem and a spending problem as well. california has expansive welfare system and very expansive border interdirection program and expense i police force. it's got -- >> bob: why is it expensive? >> greg: because they control the till. that's why salaries were created in bell. decl...

Versus people needing jobs. so they lost ground. the third worst in the nation. texas was tenth best, because there is no state tax. the agreement is they need to cut spending but they can't do it either. they can't seem to figure out they need to cut -- therein lies the problem. not a tax problem. spending problem. >> bob: it is, too, a tax problem and a spending problem as well. california has expansive welfare system and very expansive border interdirection program and expense i police force. it's got -- >> bob: why is it expensive? >> greg: because they control the till. that's why salarie...

Gas prices, and that is what they want us worrying about and they are worrying abjobs, and that is what we should be focused on. they are worrying about what is happening in the middle east, and what does that mean for them. that is certainly what i am spending my time worrying about, and i shouldn't have to oversee a process in which congress deals with last year's budget where we only have six months left. especially when both parties have agreed that we need to make substantial cut cuts, and we ar more or less at the same number. juliana? >> thank you, president obama. who should the americ...

This idea of the trigger. apologies for using this congressspeak, but instead of it being the debt ceiling agree to something much harsher, and a penalty harsh for both sides. maybe an agreed upon, if this joint committee fails to come up with tax reform and entitlement reform across the board slashing on transportation, say, agriculture, pentagon, in a really, in a way that would be automatic, so that you couldn't have any control. you have to say it's across the board in some percentage across the board cut so there's a real penalty both sides would share if the joint committee fails. becaus...