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Indication about the so-called debt trigger? in other words, if we're not meeting the numbers, i think the u.s. view is tax hikes go into effect, not so much spending cuts. >> it wasn't a specific negotiation, but we did talk about the need to put a cap on spending as opposed to a total debt cap, which the president i think it's more interested in having, which would involve additional taxes. you know, if we get increased tax revenue in this country because we're creating jobs in the private sector and growing the economy, that's one thing, but raising the tax rate to me is completely off the ...

Harmed our economy. why on earth would we want to go through this again a few short months from now? >> so it has to be through 2012? >> for the economy, number one. number two, we want to make sure that if there is an enforcement mechanism -- and again, the committee is not going to be charged with just doing spending cuts only. the committee will be charged at looking at our entire deficit reduction problem and look at things like tax reform and revenue. you want something to compel this committee to act. that was part of the president's approach that he laid out for the country a few months...

Whether to raise the debt ceiling and raising heated debate. >> raising the debt ceiling is irresponsible and we've been spending money, that's okay, we'll raise taxes and find it somewhere. >> clearly my republican friends believe that tax cuts for billion naers a-- billionaires and millionaires. >> the democrats spending money has to-- >> and until you're actually in charge. >> it's time to go beyond rhetoric and going on campaign slogans all i've heard today from mr. kelly and is on all ms. bachman engages in. >> a top white house economic advisor weighing in on this today as well, warning ...