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Just making it solvent for 75 years and it as tough duty he. >> greta: one of the things that the american people are going to see is one, the mortgage interest deduction some people think i don't want to lose my mortgage interest. but is there a way to pick it up through another way? tax rates. >> absolutely. there are $1.1 trillion of what al and i call tax ear marks. $1.1 trillion compares to $16 billion in the spending. $1.1 trillion of tax ear marks in the tax code. what we to is wipe those out, take the rates down to 8%, up to $70,000. 14% up to $210,000. and 23% above that. and even bet...

Simpson and bowles on november 18, 2010, about a week after they released the draft proposal recommending big spending cuts. the debt commission co-shares talked to us about -- cochairs talked to us about their plan. >> we are pleased at the general reaction of the public that finally somebody quit bsing them and put something out on the table that slaughtered every sacred cow in the field and that is what people are waiting for. they are tired of the politician who sits here or with you and then you ask them directly what would you cut in spending, well, waste, fraud and abuse, foreign aid an...

Are upset when it is referred to as entitlement, they say we paid in. hardly entitlement, it is my money is the theory. what do you intend to do about social security in your budget? >> social security is not a big driver of our problems, it is health care. social security in and of itself is going insolvent. something has to be done to make it solvent. there's not a plan in congress that anybody has introduced that i know of that cuts security benefits for anybody in or near retirement. if anything is done to make social security morsel length it -- more haven't it will not affect people who ...

Security, some of my viewers are upset when it is referred to as entitlement, they say we paid in. hardly entitlement, it is my money is the theory. what do you intend to do about social security in your budget? >> social security is not a big driver of our problems, it is health care. social security in and of itself is going insolvent. something has to be done to make it solvent. there's not a plan in congress that anybody has introduced that i know of that cuts security benefits for anybody in or near retirement. if anything is done to make social security morsel length it -- more haven't i...

Savings, which was a bipartisan proposal that had the -- well, there were three republican senators, all of us conservatives who voted for it, including tom coburn. and kent conrad, one of the more responsible voices in the congress on the issue of fiscal responsibility voting for it. so you already have a package of proposals that if the president would embrace them and lead on them and say, okay, simpson/bowles may not be perfect, but it's a place to start. obviously the one that's easiest to do is social security. there are only four or five moving parts to social security. if you wanted to...