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As a matter of substance, given the president's broader agenda, it would be fully consistent. >> within the next couple of years tirks not only substantively noncrazy but absolutely essential. if you just run the numbers of what is going on in this country, we are about to have the baby boomers retire, a lot of them. we are going to move from 12% to the population to 18%. we are continuing to have a rise in health care cost which hopefully will be somewhat moderated by the affordable care act. i am not going to pretend it will solve our health care cost problem. if the administration gets its ...

Rate. he is paying more in taxes because the society itself is so unequal. he has most of the money. that's the point. when a society grows more, the rich will account for a larger and larger share of tax revenue without anything having to do with fairness of the tax code. it is nothing to brag about. the whole argument is a little bit of a bait and switch. conservatives are using evidence of inequality to defend inequality. >> speaking of unequal income distribution, take a look at this. this is income distribution in the u.s. the rich pay more taxes because they have more money. we are all i...

About funds not flowing to medical providers, who are super connected and super powerful -- >> she's talking birch -- >> when you're talking about roads you're talking about people who build roads. who are the guys who are friends with the mayor or who are able to use those funds and not use those funds very well. i think it's legitimate to say people should pay taxes. here's the thing. it's legitimate to say, wait a second, how is that money being spent? >> wait a second. >> i think you're responding -- >> but the hunk, and where does that hunk come from? >> i think it was chunk. >> i think i...

Latitude for reigning those costs in is fairly narrow. so i think without new revenue, there is no hope to balance the budget. we have to talk about where to get new revenue, not whether we need it. >> the focus is at the top. i want to play you something bill o'reilly said, which is a distillation of a certain economic argument about incentives, the dangers of taxing the rich. do we have bill o'reilly? >> if you tax achievement, some of the achievers are going to pack it in. again, let's take me. my corporations employ scores of people. this he depend on me to do what i do so they can make a ...

If that means that -- am i wrong? >> the super committee is 50/50. it is prepared in such a way. i think that is probably right. >> right, there won't be taxes? >> i think that that's probably true. i also think that's why a lot of people are dismissing the super committee straight away. it is not going to attract a sup peer majority. what i want to say to ezra's point. the president's proposal will be slightly worse for public debt levels. >> not slightly. gigantic. >> about six, seven points. >> it is very significant. >> it is quite different because the president needs to. he believes that...