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Poor folks but say nothing about how he would pay for his tax cuts given he's got no record of paying for them. makes folks in the budget world suspicious. if he doesn't and he just assumes magic math the tax cuts will pay for themselves through growth, this will destroy the deficit. >> destroy the deficit and a massive, massive transfer of american resources from the poorest people in the country to the richest people in the country. and those are all the specifics we have. ezra, thank you very much for going into detail on that. if there's ever a day on which to understand what paul ryan's r...

We will get down to 20% of gdp in spending, that's $500 billion in cuts in 2016 alone. he's not giving anywhere near that level of cuts. there's really a fight here as to whether or not the gop can remain vague on the consequences of not raising taxes and the president can be -- can convince people what the consequences of not raising taxes will actually be. >> yeah, and whether the concept of magic math can carry a party to victory in november. ezra klein, as always, thank you for your insight and wisdom, my friend. >> thank you. after the break, texas does battle with the doj over its cont...

the turn too late. >> and also in politics, newt gingrich is making up some ground you might call it. he is closing the gap the front-runner mitt romney in south carolina. trouble may be brewing, though. his daughters are having to come to his defense after an interview which is scheduled for today is about to go after him from his ex-wife. >> and a rare winter storm that pounded the pacific northwest. it is now heading east. rob is tracking the forecast. where it will go next and how much snow we are actually talking about this morning. don't know if you're a tune or it's been a w...

meeting between the president and his top party leaders in congress? >> reporter: as far as we know, the president is meeting right now with senate majority leader harry reid and with leader pelosi from the house, the leader of the minority in the house. and we don't have details on this yet, it's a closed press meeting, meaning we didn't even get our pool cameras inside to get a glimpse of this, but we know from a white house official that they are meeting here at the white house and we're hoping to get at least a notification when that all wraps up. white house officials saying thi...

Obama care. that's the only serious effort we ever had as a country to get health costs under control. if you want to talk about spending what we spend in the private secretary and the public sector on health okay health reform is the only way to bring that down. and so getting serious about spending means getting serious about defending health reform. in political terms. i also think that getting serious about the deficit means talking about the magic math that says that when you reduce tax revenues, you increase tax revenues in the paul ryan budget. he says by rolling back tax cut -- tax rat...