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$10.54. index inflation, i think that would be very positive. but i also understand that the president is going to be focused squarely on the opportunity for upward mobility, growing our middle class. >> income inequality. >> income inequality. >> i want to ask you about that but before i do, one thing that seems so strange to people outside washington, d.c., you're a very progressive senator in a senate controlled by democrats. the house of representatives run by conservative republicans. we know that boehner and harry reid are not exactly besties. they are not on the phone talking to each ot...

>> the manager of those employees, like a corporation does. >> right, but corporations have those pay packages 4, 5, 7, 2 million dollars, 3 million dollars, all leveled at mba's going to work in the government and decide to gets a raise like a real corporation? that's fantasy land. no one is ever going to work at the federal level. 2, 3, 4 million. it's not going to happen you have to index inflation automatic pay increase. how would it work, i wouldn't go work there and manage people for a hundred grand. it's nuts. >> how do you think it works in any corporation? you have, because you have t...

More boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is ...