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Close the loop holes, lower the rates, you would get broad agreement. unfortunately, that has never been part of the deal. >> you're right. that's what we need to do. >> but let me come back to exactly the point that you just made. if we could -- because the media plays a major role in this mess, ok? we went through a fiscal cliff. oh, my god, i was on your show that somebody from bloomberg said -- >> don't start bashing the media here. >> it's not a question of bashing. it's mutual responsibility. fiscal cliff became a way to hypnotize all of us to avoid thought. and we all sat around and sai...

Debt ceiling. his arguments is not sitting well with republicans. allowing country to put on more debt without tackling spending is down right dangerous. wend all joins us live from honolulu. >> what the president doesn't want is for republicans to demand spending cuts in exchange for raising the debt soleing. it appears that will happen. he said it must be raised to cover money that congress has already spent . he's defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest ...

Goys and were placed closely to the president. provisions that apply to just one company? >> yeah, it is it full of weird loop holes and we have a more complex system system as a result . it hasn't somped our problem. that the government is spending much more than it can imagine taking n >> you can tax millionaires in a 90 percent rate and it would not get you what you need. we are demonizing wealth recreation. that's what the actor is doing it. he is fed up on success andital ept in france . thinking of fleeing to belgium and russia. >> who cares? >> the fact is, when that much money starts l...

Argument today. >> gretchen: does it matter? politicians say one thing one day and another the other day. that is unfortunate. >> brian: i don't think it -- >> gretchen: it was about the one percent and 99 percent and not about closing loop holes. >> steve: they say one thing last year and another thing. >> gretchen: he's keeping with the cam on -- campaign message. one percent and 99 percent and that is why he is going full steam ahead with raising tax rates. >> brian: you can say i don't believe closing loop holes don't do something. you said in 2011 it would. bill o'reilly talked to marco r...

The republicans point of view. we don't have to raise rates on the top people. we can tighten things up and close the loop holes and deduction. actually that the president of the united states's point of view back last year . now he said it is all about tax rates. this is the president in a flash back. >> what we said give us 1.2 trillion in additional revenues which could be accomplished without hiking tax rates, but could simply be questioned by eliminating loop holes and deductions and engaging in a tax reform process that could have lowered rates. >> steve: he was for closing loop holes em...