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Budget, but keep this a sound program and a solvent program. i just don't think we can do it in a matter of days here before the end of the year. that was my point. we need to address that in a thoughtful way, through the committee structure, after the first of the year. but the point i want to get to is this. we have already cut more than $1 trillion in spending as part of deficit reduction. we now need to put revenue on the table. the american people spoke on this issue in the election. i'd say to speaker boehner and congressman mccarthy, listen to what the american people said in the electi...

Program and a solvent program. i just don't think we can do it in a matter of days here before the end of the year. that was my point. we need to address that in a thoughtful way, through the committee structure, after the first of the year. but the point i want to get to is this. we have already cut more than $1 trillion in spending as part of deficit reduction. we now need to put revenue on the table. the american people spoke on this issue in the election. i'd say to speaker boehner and congressman mccarthy, listen to what the american people said in the election. listen to the fact that tw...

From the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that doesn't voucherize it or take the approach of the paul ryan budget, but keep this a sound program and a solvent program. i just don't think we can do it in a matter of days here before the end of the year. that was my point. we need to address that in a thoughtful way, t...

State and local tax exemptions? >> the the answer to those questions is probably not because the people don't want it. there's no march to get rid of medicare or social security and have they not raided social security and borrowed against it, it's a solvent program and has been for 77 years. >> but ed, the problem is for the last 40 years we have been raiding social security and spending it on aircraft carriers. >> we don't pay for anything. >> the problem is the $2.8 trillion of ious in the trust fund have nothing behind them. they are pieces of paper. and they will never be funded unless we...

There's no march to get rid of medicare or social security and have they not raided social security and borrowed against it, it's a solvent program and has been for 77 years. >> but ed, the problem is for the last 40 years we have been raiding social security and spending it on aircraft carriers. >> we don't pay for anything. >> the problem is the $2.8 trillion of ious in the trust fund have nothing behind them. they are pieces of paper. and they will never be funded unless we tax somebody. >> but from an accounting process, the truth hasn't been there with social security. social security whe...