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President travels and nothing new. and as of all of that, the travel, 120 miles from andrews air force base to newport news, virginia and the g.o.p. is making a point, saying the distance from the white house to capitol hill is just 2.8 miles and he could use a walking stick. chris stirewalt host of power play on foxnews.com live. it's cheaper to do it that way. what's the point? what's the point, the president wants something the republicans are not going to give him. which are tax hikes in exchange for messing with the not automatic cuts. decreases in increase spending, and anyway, why shoul...

>> when will the president get serious about cutting the debt? what will it take? >> mass i have inflation? >> i think it will take a change in incentive. for elected officials right now you think about would they want to cut spending or increase spending all of their incentives are on the side of increase spending. they have lobbying groups pushing for various pieces of spending. there needs to be something on the other side. >> everybody who comes to washington they aren't saying cut spending. they are saying oh this group so much needs help and this program is so good. 99 percent of the tes...

Increased spending but get an inside look at that. on some of the increase spending is what we call tax expenditure, the tax credit that most republicans would support or have supported in 2001 before i got here. some of that spending is tax credits, expenditures. >> bret: the big number. understood. >> you got it. on the other side of the equation, the second point of the question is this. going forward we should not look at a packal which is what the senate spent to us that is going to do what? raise the taxes, even on the small businesses, allowing that tax expenditures, or rather exemption...

Are putting over the economy with their refusal to extend the 2001 and 2003 tax relief unless they get their way on tax increases for small businesses. >> but hatch, to his credit, is not just complaining here. he's not just carping. he's proposed an actual alternative, the tax hike prevention act of 2012. hatch's plan would extend all of the bush tax cuts for another year. it would keep the alternative minimum tax from biting most minimum taxpayers, it would begin working on tax reform, butio know the goal it wouldn't achieve? it would not prevent a tax hike from occurring in 2013. that's why...

From becoming a depression, helping auto industry, making sure that not as many teachers were laid off, all those things added to the debt. but what my opponent didn't tell you was that federal spending since i took office has risen at the slowest pace of any president in almost 60 years. [cheers and applause] jon: let's talk about those claims with paul gigot. he is the editorial page editor of "the wall street journal" so what the president would have us belief he has done a great job i guess of managing our federal spending. has he? >> the only thing i think you can agree with him on he did...