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Is at the top of the ticket. i think he made a huge mistake trying to just repeat another stimulus and do that. but look, he needs his base. that was purely a political move, the reasondy that. he's not interested in really fixing the economy. if he was, he would have taken recommendations from his decifit commission. all he wants to to is galvanize his base. martha: it's interesting, he was out playing golf, there were pictures of him playing golf with bill clinton over the weekend, last week bill clinton basically said he thought this millionaire's tax was -- he said it's a good idea, it's n...

Enough. one is republican senator jeff sessions out of wapldz, ranking member on the senate budget committee. senator, good morning to you, and welcome back. you heard jack lew, what he said. you believe what about this budget proposal? >> i believe what erskine bowles, who president obama named as chairman of his decifit commission said yesterday, which is that this budget is nowhere close to avoiding the fiscal nightmare this country is facing. that's what he said about it. i don't think that's at all inaccurate. we are not living within our means. the president has not told us the truth, he...

Save -- we've got a decifit of over a trillion dollars, a thousand bill, let me save 40 out of this year's budget. ryan is saying we need at least 2 1/2 times that as a downpayment on getting our finance necessary order. pretty strong difference, pretty strong medicine. bill: i heard you say this was a missed opportunity for the president. what specific very? >> well, the president had a chance to come out, after he appointed a debt commission, after he saw the results of the november election, he had a chance to come out and lead, and instead, for example, i think stuart varney captured it ri...

In the meantime, cease spending, invest more. that was the message and today the president launches his resection campaign. martha: freezing spending! just put the snow all over everything, how does that work? bill: wish you could do that. i'm bill hemmer. how you doing martha? martha: doing well, good morning to you at hoefplt i'm martha maccallum. so now this battle over spending kicks into high gear, folks. the president says that our massive debt, he agrees, it needs to be dealt with, but disagrees with republicans and even his own debt commission on how to deal with that. >> the bipartisa...

Was a little bit in that plan that everybody didn't like, yet, it still got 11 out of 18 votes, and what we hear in terms of the presidential commission, and what we hear a lot of here is rhetoric up here about cutting the decifit. this we thought was at least a good starting point, a year of work went into it, it is decifit reduction and tax recommend, two of the three legs of the stool i think we need to address, because we've got to cut our spending, reform our tax code and have an innovation and growth agenda for our country to move forward. it will take all three to get our decifit under ...