Page 42 - Magic Beans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: ...

A middle ground proposal. but that's not quite how white house spokesman jay carney sees the offer. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> let's get right to our panel now. in philadelphia is professor james peterson. in washington msnbc contributor dr. jared bernstein, senior fellow at the center on budget and policy priorities and a former economist for vice president joe biden. jared, if i might start with you, speaker boehner says he put forward a middle ground proposal. no t...

As the president said, that's not his idea of a balanced approach. >> middle class seniors who are on medicare, young people who are trying to get student loans to go to college, i can't ask them to sacrifice and not ask anything of higher income folks. >> no, that's republicans job, of course, a very special christmas for the very, very rich brought to you by the makers of romney and ryan. congressman charles rangel is a democrat from new york and he joins us live from capitol hill. good afternoon, sir. jay carney said today that the republicans' offer is, i'm quoting him, magic beans and fai...

You can see it. this kind of went all over twitter. that's her meme, not impressed. she kind of got in on the act. pool was closed. not impressed with a couple of her gym mates. >> nowhere, where that face doesn't work. >> it isn't. she is a good sport. adorable. kind of like a vixen in a way, don't you think? >> she is cutie pie. >> cutie pie. like a sexy kitten side too, with the scowl. >> what you said. i'm playing it safe over here. >> she is 12. you can't say anything. showbiz is reacting to the paul ryan pick. comments -- rupert murdoch. >> thank god, now we have a real election on. pa...

Pie in the sky? >> but newt knew. newt always knew. >> if you're going to become the frontrunner to be president of the united states, you had better expect a very thorough, meticulous effort to take you apart. >> newt gingrich on the move politically is as dangerous as a wounded wolverine. >> but did newt really know? >> is it 1.6 million figure correct? >> i don't know. we're going back to check. >> sound like a whole lot more than just being a historian. >> i was speaker of the house and strategic adviser. >> as newt's lucrative career as a historian made headlines, a figure from the shadow...