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but the medicare for all is the phoemos most. it will be paid for by new taxes on billionaires and big business, $800 billion cut to the defense department's budget. joe biden's campaign responded saying senator warren is low balling its cost. she defended the plan again last night. >> it is president obama's economic advisers who have said we can have medicare for all by one penny. medicare or all bills on the basic structure of obama care. it gives us the same payments it of the federal government, state government. for employers, the big difference is it takes costs
come from somewhere. and really we're talking about american taxpayer funds, which i respectfully disagree with brian. i think people are going to be very upset when they're going thru up until april 15th when they have to pay for their taxes and understand what exactly this tax reform meant for their bottom lean and their pocketbooks. ultimately when you're talking about this metaphor we're talking about $3.5 billion is going to be pulled for medical construction. that's hospitals we're going to help and support military families for active duty members. you're talking about $2.5 billion that's being removed from drug interdiction and the defense department's budget. this is not a metaphor. this is actual operation. these are actual families lives that are going to be greatly affected by this. >> so this line, finish the wall. there's a gop strategist that
just corporate welfare for big multinationals. steve: excuse me? some critics, you were one of them! obama got swamped real quick. the export-import bank uses our tax dollars to provide subsidized loans and loan insurance to foreign buyers of american goods, if air india wants to buy planes from boeing, exim will loan them the money at below market interest rates. i'm not sure if the american taxpayers are fronting the money for it, but the defenders of the bank claim it exists to support american small businesses. really? over 60% of financing helps 10 giant corporations like boeing, caterpillar, ge and bechtel, the same giant corporations that spend millions in charge of the export-import bank. every year, a few dozen members of congress set the defense department's budget. a job which practically
just corporate welfare for big multinationals. steve: excuse me? some critics, you were one of them! obama got swamped real quick. the export-import bank uses our tax dollars to provide subsidized loans and loan insurance to foreign buyers of american goods, if air india wants to buy planes from boeing, exim will loan them the money at below market interest rates. i'm not sure if the american taxpayers are fronting the money for it, but the defenders of the bank claim it exists to support american small businesses. really? over 60% of financing helps 10 giant corporations like boeing, caterpillar, ge and bechtel, the same giant corporations that spend millions in charge of the export-import bank. every year, a few dozen members of congress set the defense department's budget. a job which practically
does tha by following a bipartisan principle we saw in the budget deal a few years, which increased spending on key investments for the middle class while reducing spending in the long run on entitlement programs through smart changes. we think we ought to take that bipartisan example and build on that. and create a new deal based on the precedent before. >> let me ask you specifically about sequestration, the president wants to end sequestration cuts americans are now familiar with because of the hassle we witnessed in washington with the wrangling over the last couple of years. the president does have unlikely allies across the aisle, specifically defense hawks john mccain, lindsay grahams of the world. >> well we're pleased that we're hearing from republicans both in the house and senate.
slashing investments in critical things like education and job training and manufacturing that are so important to the growth of our economy. and at the same time make sure that medicare as we know it would end by voucherizing it as well. so unfortunately they don't have new ideas for how to help the middle class. the president has been doing exactly what he needs to to create a middle class economics. we hope that republicans going forward will work with us on that. >> shaun, the president has been going on offense in terms of his budget with these numbers, including $75 billion. that's the desired increase in spending. where is the white house willing to give? >> well what's critical for americans to know not only do we make those investments in the middle class, at the same time it is fully paid for, in fact our budget would save $1.8 trillion over ten years and it
we need to invest more in our national security. but the president's principal is very clear, you can't separate the national security from economic security. remember, that whether it's taking care of veterans, funding our homeland security agency or a range of other ways our national security is dependent on much more than just the defense department's budget. second of all, we've heard the joint chiefs of the military themselves say if we don't educate our soldiers and don't invest in health care and infrastructure and all of the things that are going to make for a strong military but build our economic security, our power around the world and influence will diminish. the president has been very clear. we can break this critical link between our economic security and national security. >> nice to see you, thanks for your time. >> great to be with you. >> coming up next we'll take you back to israel and back to
distinguished and accomplished former ambassador to russia is heading to kiev. i think that's a good sign. but we have not done what we could have done over the last five years with regards to our relationship with russia and syria, iran and a whole host of other problems that maybe couldn't have been solved, but they could have been mitigated with the kremlin and with, of course, putin himself. >> a big moment nor the ukranian people as we wait to hear from the white house. congressman, thank you for joining us. tomorrow defense secretary chuck hagel is expected to preview the defense department's budget. hagel says they have huge spending cuts and they have to reduce it by about $40 billion more than planned. hagel will cut personnel costs, and cut housing aplounss. he'll also free pay raises for the highest ranking members of the military for a year.
to. to stay in russia means the leaks must stop. >> as soon as he has an opportunity to move elsewhere, he will certainly do so. he knows the terms of granting political asylum. judging from latest statement. is he changing his position. but the situation is not completely clear yet. >> the russian president insisting today that snowden was not encouraged or invited to moscow, shep. >> there is talk now, catherine, of cutting off some the nsa's cash is that real or just bluster? >> well, it certainly is an interesting development. and there would have to be a lot of sort of technical arrangements for that to happen on the hill. but one republican congressman is calling on his colleagues to make their move this week because the defense department's budget, which includes the nsa's money is up for approval guilty tweeting, we can defund ns a's unconstitutional spying on americans if house leaders allow amendments. also on the senate side, a leading critic of the nsa surveillance programs, who called out the nation's intelligence chief james
you get together. i look at the numbers where there is waste. before like raise taxes or cut to the poor, so it's to recover the waste and fraud? >> that, the process is working. the house has produced a budget that actually looks where we can get rid of our debt and actually grow the economy. look what happened at the economy the last month. more people quit looking for a job than actually started working. what we have to do, if you take the budget of america, you of discretionary spending and mandatory spending. do you know if you wipe that all away today you would still have to borrow money. >> greta: if you look in the defense department's budget, i don't want to make us weak, you look at earmarks, for instance in their most recent budget for 2012, they have $120 million for