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Cut would have been spent in the future or you are retracting it from the past so it doesn't affect the baseline. >> greta: i dug into it and i understand what you're saying this is what the american people hear. 38 billion cut from spending whether it is promises in iou's in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billions. however, by september 30th, there will be only 352 million dollars in cuts from the baseline s...

A cease and desist -- michele bachmann called planned parenthood, quote, the lens crafters of big abortion. that didn't sit with the eyeglass chain. they requested she quit using it in public comments. her spokesman says she'll comply. to end on a much lighter note, last night jon stewart picked up on what president obama said or didn't say during his big budget speech. good stuff coming here. >> president obama is going to say it, he's going to be honest. going to keep it real. it's going be a tax increase, people. >> my plan will require us to come together and make up the additional savings...

>> president obama is going to say it, he's going to be honest. going to keep it real. it's going be a tax increase, people. >> my plan will require us to come together and make up the additional savings with more spending cuts and more spending reductions in the tax code -- >> what? >> spending reductions in the tax code? -- the tax code is not where we spend, it's where we collect. you managed to talk about the tax hike as a spending reduction. can we afford that and the royalty checks you're going to have to send to george orwell? >> actually what he says reminds me of the old phrase from t...

>> spending reductions in the tax code? -- the tax code is not where we spend, it's where we collect. you managed to talk about the tax hike as a spending reduction. can we afford that and the royalty checks you're going to have to send to george orwell? >> actually what he says reminds me of the old phrase from the '70s -- revenue enhancement. remember that one? texas considers a bill to stop something that doesn't exist. the walk through the crazy republican house of mirrors when we return. you're watching "hardball" on msnbc. who shows up with a brake looking like this? have you ever been n...

Code," code for raising taxes! you managed to talk about a tax hike as a spending reduction. can we afford that and the royalty checks you're going to have to send to george orwell? that's the weirdest way of saying tax hike. that's like saying, i'm not going on a diet. i'm going to add calories to my excluded food intake. >> that's pretty good. that's funny. live look at the white house at 42 past the hour. time now for the must read opinion pages. we'll start with paul ryan's piece in the "washington post." a budget for the 21st century. house republicans are fighting to prevent this. our bu...