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Obamacare during that debate was also taking the doc fix out of there. the $300 billion every year that legislation that was taken out of the bill to put on a separate legislative trackism want to play a quick sound bite from the president at the g.o.p. retreat and how he characterized this debate back then. >> i think paul for example and head of the budget committee is looked at the budget and made a serious proposal. i read it. we're not going to be able to do anything about any of the entitlements if what we do is characterize whatever proposals are put out there as, well, you know, that i...

After the election. that is the problem. the same time that the tax cuts expire, the unemployment insurance, the medicare doc fix, all the things, the spending cuts that were decided by the debt deal of august of 2011 will also kick in. and part and republicans in particular seeking to stop or change these very deep pentagon pending cuts. two tracks of fighting. one on the tax policy and one on, you know, how to change the cuts that we already promised we would make. >> bret: potential is if you wait until what is called lame duck congress, that have to deal with the issues. >> both parties ar...

Why people hate washington. all of these things have to be done. there is a huge list that has to be addressed. as washington is debating, none of this is up on capitol hill right now. >> the republicans have a budget. this is the president. the fact it's expiring after election day, two months after election day, there is not a chronological action with the calendar. it's a deliberate reel to the policy that obama pursued in settling the debt ceiling dispute. last august, he timed it and he said i need a long-term solution. what does he mean by long-term? something that will not come up again...

Able to find a doctor that will take medicare and in that way, that begins the ration services based on what the government will pay for. >> let me ask you this, is it true to they'll limit what all americans are legally allowed to spend for health care, even if it's their own money to hold it below he the rate of medical inflation? >> well, i don't think that that is true, i think the biggest issue is this is a panel of 15, unelekked washington d.c. bureaucrats appointed by the president, it could be this president or any president in the future that has the power to recommend cuts to the med...

finally, if you thought american debt was worthless, think again. i'll explain. but first, here's my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000, the highest since the financial crisis began in may 2008. the nasdaq is actually at its highest level since the technology bubble burst more than a decade ago. now, stock prices around everything, but data from the economy on the ground is also slowly getting better. jobless claims are down. housing starts are up. things do seem to be getting better, slowly, as i said, but...