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Of those things to pass, the defense cuts as well as the tax hikes. some say there is a better way, including our next guest. he's an economist at the university of maryland and former chief economist for the u.s. international trade commission, peter morrissey. peter, you wrote an interesting op-ed piece in which you suggest that raising taxes and cutting defense is not the way to go, and you make your argument based on our current level of defense spending. sum it up for us. >> well, simply defense spending after we take out the wars which is already scored in, that doesn't count in cutting ...

Hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business.

Our site as well. we think it's a good idea for halloween, and we appreciate you're coming on. we understand you're missing class, but that's okay when you talk to the national news, right? >> yeah. jon: 600 people last year. let's get some more people through there this year. jenna: i like that. thank you very much. >> thanks for having me. jon: why some economists are worrying about what's on is supercommittee's chopping block. the former chief economist at the trade commission, peter mauer si, joins us next with why he thinks potential cuts and higher taxes will do more harm than good. [ ma...