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Are going to be slashed with a meat ax instead of having a ration rational sane approach to cutting. >> i actually think it's a little bit different where you have this point he wants to convince people he's right. it's not quite that. that would have involved sitting down with people and trying to argue with them and try to get them to see your point of view. he seems to have an attitude, people should do things on the merits and figure out what the right course is and he does things in his mind, he figures out what he thinks the merits ofs the case is and makes a decision, not because somebo...

For a week. i mean that, makes no sense. when you get in -- "the new york times," on their editorial page yesterday, had a long list of the things that are going to be cut. it is idiocy. if you look at the national institutes of health, they're going to take a 5% cut. what it does to their grant programs is it takes a meat ax to them. this is the crown jewel of american science where the breakthroughs in a.i.d.s., heart disease, cancer have come through. if you put this to a vote to people and said, is this what you want to cut, i suspect 80 to 90% of the people would say no. >> 80 to 90% of t...

Sway boehner at all. we've seen the stalemate because of that, and cantor and rooen are going to keep boehner on the right. >> people outside the process are saying this is the dumbest way to do business, to have a meat ax approach and have across the board cuts. yes, it does achieve some budget savings, but does it not in any kind of intelligent way of planning. >> which is why if you talk to the people on capitol hill, the people who are making these decisions, they say that down the road if there are huge economic damages -- i mean, we don't really know what's going to happen to the economy...

$85 billion, in the deficit. not in programs, but in the deficit, raising some taxes by ending certain loopholes. one of which you picked up just a few moments ago, the google thing is unconclusionable. that's a law we need to change it. we'll bring money into the treasury in doing so. so we need a balanced approach to this. the military cuts have been proposed. at least by our team to be stretched out over the next five or six years, immediate cuts not to be made, but rather to do wise, thoughtful cuts. as the troops come home, we know there can be some reductions and we know there can be red...

Important as the long-term with our economy. it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead with his policies and that's where we are now, we've got t...