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Pitch there. i do want to talk about what you would do if you did get to the senate. it would be a lame duck session of the senate and congressman, that would have to handle some of the pressing issues, the fiscal cliff that jack welch talked about and you alluded to with the sequestration cuts. there is talks just about extending all of those bush rates, all of those cuts, putting them off for six months, maybe even a year, so that either reelected president obama or newly elected president obama can get their respective arms around this and either hammer out a new tax code, simpler tax code ...

That are conservative, fiscally minded and that's going to be good for the country. >> gretchen: the ships ships any net comment from the debate. did that rivet at all with your naval community? >> it was a silly comment. the united states navy's home on the east coast is here in norfolk, virginia. to insinuate somehow that we need less ships that they would go the way of bayonets and horses is ridiculous. the defense review said we need 346. we've got under 290 now heading the wrong way. so of course, the united states navy is what projects military power around the world. we've got to streng...

The bush tax cuts, the sequestration cuts are going to happen at the end of the year. in that lame duck session, they are going to negotiate a way out of it. the president made news saying sequestration will not happen. i thought it was giving away leverage. if you think, you know, that is your leverage to say, well, if you don't want the deal, we are going to drive over the cliff. >> you are so frustrated by this. >> i am. we thought this is never going to happen. it's a hatchet. this is what happens. once in the political ecosphere, something is dropped in. even if it's from planet mars, the...

And they reached back and got these three old senators' idea to take the budget. if you can't balance the budget you have automatic spending cuts and that's what sequestration is, nothing more, nothing less. that's what it is. so they said, okay, if the committee can't agree we'll just have sequestration cuts. the committee didn't agree and now we'll have spending cuts across the board so where are those spending cuts going to come from? from the pentagon, who's freaked out about it? john mccain is freaking out about it. guess what? john mccain voted for the sequester and guess who else is fre...

Sequestration cuts which include defense, also discretionary spending and medicare. so, that's what people are talking about. and essentially everyone agrees that two things will happen if we go over the fiscal cliff and stay there. one, we will close the deficit by a significant amount and two we will have a significant slowdown in economic growth. everybody pretty much agrees about that. but the thing that bothers me is when republicans rail against and complain about the fiscal cliff. they're in many ways undermining what they argue about their own economic policy. republicans saying that t...