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And that's not a recipe for growth. so we've got to do more both to stablize our finances over the medium and long term but also spur more growth in the short term. now i've said i'm open to making modest adjustments to programs like medicare to protect them for future generations. i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things...

Than has been true for a generation. and that's not a recipe for growth. so we've got to do more both to stabilize our finances over the medium and long term but also spur more growth in the short term. i've said i'm open to making modest adjustments to programs like medicare to protect them for future generations. i've also said that we need more revenue through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrif...

Massive rate of growth. that's just reckless and irresponsible. >> over the next 20 years. >> that's not a long time. >> no, i'm not saying it's not a long time. i'm saying there's an immediate deficit issue that they have to deal with. and there's a longer-term issue they have to deal with. you could lump them all together now, but right now they can't even come up with a common talking point. >> you've kind of got that backwards, with all due respect. i know you're very angry and upset today. valerie jarrett told me she's never seen you so angry, lost your head. peterson and most of the mark...

And perhaps that number has grown since the election. the election was a pretty straight-up question as to whether or not we were going to raise taxes on the wealthiest people. the president won the election decisively in the electoral college and with the majority vote. so i think that many republicans believe that now's the time to sit down and talk about revenue. >> that's a good thing. >> absolutely. senator durbin, do you think -- do you look across -- the house has been more of a problem all along, whether it was a summer ago in the grand bargain negotiations and continuing forward, are ...

You know it's not. and this president at this point, i think, has done a lot of things that he set out to do in the first campaign, and he hasn't. and you're going to have to look at that and decide whether or not you want to vote for him again. >> what's he going to do for the next four years? >> with romney, you have to figure out what's different than george w. bush's policy and decide if you want to go that way. it's kind of like a difficult road map. i agree with you. but i do think there's more information out there for people to look at than you're saying. in terms of what will happen, ...