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The economy. >> that's a tax increase. >> that's a tax increase. >> and cause it to crater. >> david? >> juan, as long as you support obama, as long as anyone supports obama they are complicit in obstructing any kind of deficit reform, any entitlement reform, any reduction, this is not serious. obama wants to have spending increases. he will never go along with simpson bowls for two primary reasons, one, it involves tax reform across the board. and it involves spending cuts. he will not go along with either component. obama, this is disgraceful what's going on, juan, and he needs-- >> this is ...

He just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt ...

Ended up finally leading the house to vote for last night? >> no, because last night was not a final deal. last night was a debate over how much of the tax increase obama was going to take off the table, and he took it, it's bad for the economy and unfortunate he got that. but now that's past us, what do we do now? we have a fight for four years on how to reign in obama's overspending. republicans have three pressure points, the president has none. what happened, all the republicans in the house were mad. you saw 157 voted against the deal. were they against cutting taxes for almost everybody?...

Entire discussion. and it is getting lost too much i think in the sometimes in the weeds of the back and forth negotiations. remember, the reason that we're doing this is because this grew out of the 2010 elections and debates over raising debt ceiling that following summer, 2011. the entire purpose was to reduce the size and scope of government in a way responsible to the voters of that midterm election. instead what we're almost certain to see is an expansion of government in the name of reintroducing it. we're likely to see much bigger government long term. we're not likely to deal with ent...

we want more ben and we want him now. but tonight, the truth. there's not enough ben for america. more ben is bad. i'm talking, of course, about this ben, fed chair ben bernanke. today he announced he'll continue so-called operation twist. the goal is to bring down interest rates. theoretically that would spark borrowing, spending and hiring. it would be a panacea to fix the whole problem. but even ben admits his supply of money is drying up. >> monetary policy is not a panacea, it's not going to solve our economic problems. >> the fed fed's drugs didn't come cheap either. there have...