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The president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hun...

Lingering 12-year war. what's your view on all of this? >> mike, you put your finger on it. we ought to talk about the real cost of war. it is not just in dollar terms. it certainly includes the terrible loss of life, over 5,000 americans in iraq and afghanistan. it means those who came back with injuries and the impact on individuals and families after the war is over. before we deploy troops again in any corner of the world, we need to think long and hard about the real cost of war. we're seeing it with the suicide rate among returning veterans, for example, the unemployment rate is getting ...

They're the same hauls. china has 80 submarines and we have 50 at $2 billion a pop. do we want to go one on one to find each other like "hunt for red october," or change into a military that puts sensors all over the south and east china sea. when it moves to the water it makes a magnetic anomaly. have an unmanned air vehicle drop a torpedo on it. that's the type of change that has to occur. in fact, president obama has established a four-star general to be in charge of what's known as a psycyberspace command. we have a much more effective and cost-efficient military of the future based upon k...

The series of deadlines that include expiration of the tax cuts that would cause uncertainty and damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges that we would need to address, including the sequester, but congress ought to the house out to pass those tax cuts right away. it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least come together and convert int...

Coming and we whistle past the grave yard and say it would get settled. i know you are focused on the presidential race and who occupies the building behind me and whether the guy in there gets kicked out and a new guy gets in. you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. al...