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This, watching it play out, right below him. and we will be joined by him just momenting from now, very big developments on the streets in cairo. what's it all mean? we'll take you there in a moment. bill: now to our decifit, how to get it under control. he says he wants to save social security from going bankrupt. and lindsey graham, the republican out of south carolina today proposing a bold new plan to keep the program solvent. he wants congress to raise the retirement age from 67 to 69. what about that, dana perino? former white house press secretary and fox news contributor. how you doing...

Instance, you say the federal government, united states of america will be bankrupt in four years. why? >> well, because who's gonna bail out the federal government? they've been bailing us out. they've been reimbursing us at a higher rate. we've got all these medicaid waivers coming through. the country has been generous to keep this program solvent. who's going to bail out the united states of america? the thing the people have to remember is we started this experiment with the highest rates of coverage, insurance coverage of any state in the country. so if you look at texas and you look at ...

Ronald reagan's tax bill. he came in -- what was the bill? he wanted 30% across the board for all taxpayers, the same cut in rates, and a number of folks who were working poor were dropped from the rolls. you cannot call that a just for the rich tax cut. sure, he cut taxes from 70% to 20% and the economy boomed for 20 years. through reagan and clinton, we created 40 million jobs. >> reagan gets the credit for the clinton boom? all right. >> he gets credit for cutting the budget and keeping it down. frankly, running a small conservative economic policy. i'll give him credit. >> one of the sad -...

With democrats. >> yours is a caricature of ronald reagan's tax bill. he wanted 30% across the board for all taxpayers, the same cut in rates, and a number of folks who were working poor were dropped from the rolls. you cannot call that a just for the rich tax cut. sure, he cut taxes from 70% to 20% and the economy boomed for 20 years. through reagan and clinton, we created 40 million jobs. >> reagan gets the credit for the clinton boom? all right. >> frankly, running a small conservative economic policy. i'll give him credit. >> one of the sad -- but one of the sad -- >> it kept the economy g...

Conservative economic policy. i'll give him credit. >> one of the sad -- but one of the sad -- >> it kept the economy going. and so did volcker. >> but ronald reagan raised the payroll taxes. which really hurt -- >> but joan, they're for social security. they make the program solvent. >> there were other ways to do it. he was a person who accommodated reality in a way that the tea party folks don't. he was a person that was to the detriment of my party, expanded his party. he was a big tent republican. we have tiny tent republicans. they want the party to fit into a tea bag, pat. >> let me ans...