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Interesting there you said your father drives the prius to the challenger. which is a private jet. do you want to expound on that a little bit? >> well, you know, his take is, he owns a lot of trees so his carbon footprint is pretty minimal. >> bill: that sounds like a rationalization to me. [ laughter ] >> well, it may be that it's like catholic indulgences are well in mitigation. we can say a lot of the things. when it comes right down to it, we need to have clean air and clean water but we can't restrict our business because that's the only way we are going to get out of this deficit mess. ...

Interesting there you said your father drives the prius to the challenger. which is a private jet. do you want to expound on that a little bit? >> well, you know, his take is, he owns a lot of trees so his carbon footprint is pretty minimal. >> bill: that sounds like a rationalization to me. [ laughter ] >> well, it may be that it's like catholic indulgences are well in mitigation. we can say a lot of the things. when it comes right down to it, we need to have clean air and clean water but we can't restrict our business because that's the only way we are going to get out of this deficit mess. ...

They're going to come up with. >> heather: don, what about you? now that these republicans want off the list? >> they implement add doomsday machine. with that looming, there is really no way you can cut your way out of this, regardless of the pledge they made. we can't be like greece and thely. we've got to get our way out of this deficit mess and they're going to have to agree to some sort of revenue increase, whether it's considered a tax or not. there has got to be some increases. >> heather: revenue increases is what we're calling it. >> yeah. here is the other very real possibility: if t...

Remotely comparable. right now 20% of income in greece is unreported. it's 7 in fact the u.s. when you talk to that initial fact you gave about the number of tax returns that didn't pay taxes it's largely because of benefit and credit, not because they're underreporting or misreporting income. that's a huge difference in the culture of greece where avoiding taxes is something you brag about at cocktail parties. that's not the way our culture works. i'm not minimizing the deficit mess we're in, but keep to the facts. and the shadow economy in greece is far larger than here. tax receipts and the...