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Republicans you have to agree to investments and research development and infrastructure. say this is the growth agenda and only way we can grow -- over the next decade. >> well, i agree with that. i think that the difficulty with that, there are two versions of that. the minimalist version do a little bit tiny, kitchen-sink things to improve competitiveness. or the max agenda, which do a you will lot of the progress stuff and deal with the medium-term tax problems on entitlements. it's clear that would be a better outcome. it's striking that the u.s. is the one big western economy where we ha...

Got to agree to investments and research development and infrastructure and say this is the growth agenda. this is the only way we can grow over the next decade. >> i agree with that. i think the zakaria agenda is a good one. the difficulty with that. there are two versions. the minimalist version, which is do a little bit tiny kitchen sink things and little bit on tax reform or the max mallist one, really do infrastructure investments and a lot of progress stuff and deal with the median term deficit and something on entitlements too, it's clear that would be a better outcome. it's striking th...

President who has hewn very careful to his edge that there will be no tax increases for middle-income households. i don't know how you solve america's medium-term fiscal problem without having tax reform that deals with the mortgage interest deduction. all of these sacred cows, which would involve higher taxes. >> the closing of the loophole is in effect raising taxes. >> when you call them loopholes in deductions, everybody hates them. when you say charitable contributions, mortgage interest, you'll have every lobby in town going after them. >> and the republicans have been greatly in favor o...

On to this bill. this is really more notice to our side that there are some of us who are serious about us dealing with this long-term fiscal problem that we have, this unfunded promise that we've made to future generations and we simply got to get our arms around it or everything else becomes -- becomes secondary. >> congressman, let's talk about the unfunded promise. president obama says that such a proposal as yours and representative ryan would rely on the whims of wall street traders. and that people like you and me, we have to rely on their whims for our future. is that true? >> no, it's...

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