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Policy priorities, the deficit will be reduced by $7 trillion over seven years. that s also the bad news. $7 trillion in cuts and tax hikes hit the economy while it s shaky, we could be thrown back into another recession. maya, you are devoted much of your career to trying to get lower deficits and lower debt. i wonder whether you are heartened by the fact that with the supercommittee s failure these triggers are in place to produce the $7 trillion right. i think it s great the triggers are there. it s pushing us to do more in the next year. i don t think we can take the year off. no, those are not the right way to do policies. this is kind of a blunt tool especially on the spending side. across the board spending cuts are not how we want to fix the budget. what we want to do is think ....
Do you think was the biggest strength of it. what was the greatest achievement in the 18-month battle? change the way health care works in the united states for millions of people. especially people who buy insurance individually, through small businesses. they get the worst deal, the worst coverage for the worst prices. the insurance exchanges and the subsidies represents a tremendous benefit especially for low-wage workers and their families. the millions who have not had insurance and millions of people more who have lousy insurance and coverage would be improved because of the standards this bill sets. a lot of consumer protections. so, you know, i think this is the most significant legislation that benefits low-income americans that we passed in a very, very long time. maya? i agree with the ....
It was not the bill that eventually became the law. that is, to me, a great shame. you make the case in the book this may be the tail of the legislation. it may be the thing that ultimately does kill it because if a republican is elected, this great achievement that i still remember looking at the flicker set online, the president with his health care staff drinking champagne and feeling happy. it may be wiped out. yes. a republican president and congress could, in early 2013 pass a bill, a so-called budget reconciliation bill that would they don t need 60 votes in the senate, kill the subsidies, the medicaid expansion, effectively the major parts of the bill. if that was the maya you wanted to say something. let me ask first, if that s the biggest flaw in the bill, what ....
It s not like other issues like immigration that gets people red in the cheeks and out in the streets and fired up. they should be viewed through that lens. that said, deficit plan poll, these are preferences. increased taxes on high income americans comes in as the most popular way to close budget deaf sises. changes to social security and medicare, 41%. major cuts to military spending, 40%. those are the main items in this. ezra, you wanted to respond to something maya said. right. we were talking about the paul ryan plan. he gets a lot of credit for putting in reforms. privatetize medicare. the plan, we can argue about whether or not it s a good idea. the numbers came from doing something called it set the rate of growth, the check you got to inflation. it will never work. ....
Message about tack cuts. it s going to affect them personally. there s also the opposite theory which is that stagnating wages, you notice the taxes coming out of your paycheck more and it produces moran tip think. maya, we didn t get your, you should know. i have two minutes left. everything we need to do has to focus on growth. that should be the overriding theme. that s jobs and debt rereduction. as you can see from today, fiscal policy, is sucking out of everything else. the big question is can we find a more productive way to move forward on putting a plan in place rather than letting it hang out over us. shouldn t get rid of the sequester. that s a quick trip to a downgrade. you ll see a lot of focus on what to do next. i hope it s moving forward to put a plan in place before the sequester hits. maria teresa kumar. we may not know who the winner is until tampa. ....