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And then after that we'll take on the tax code and try to close some of these loopholes but at the same time for 2014 and 2015, we will try to mitigate some of the spending there. then everybody is engaged. all right? that wasn't even close to -- that's whether a should happen. it wasn't even close. >> this president seems to think that the way to negotiate is to make the other guy an offer that he can't possibly accept. i mean, it is completely, politically crazy to think that the republicans, who have just acquiesced, not that they had a lot of choice but acquiesced in this significant tax i...

And then after that we'll take on the tax code and try to close some of these loopholes but at the same time for 2014 and 2015, we will try to mitigate some of the spending there. then everybody is engaged. all right? that wasn't even close to -- that's whether a should happen. it wasn't even close. >> this president seems to think that the way to negotiate is to make the other guy an offer that he can't possibly accept. i mean, it is completely, politically crazy to think that the republicans, who have just acquiesced, not that they had a lot of choice but acquiesced in this significant tax i...

Instead they will get none of those things and a smaller total of deficit reduction. they will be able to say they didn't break grover norquist's pledge. >> and karen, ezra did the breakthrough reporting last week on this when he found prominent member of the house who remains unnamed as of now. who did not realize what the president has actually been offering in terms of deficit reduction packages, including on the spending side, for example, chain cpi, adjustments to ways of changing the increases in social security payouts, that sort of thing. ezra discovered that they don't know what the p...

Member of the house who remains unnamed as of now. who did not realize what the president has actually been offering in terms of deficit reduction packages, including on the spending side, for example, chain cpi, adjustments to ways of changing the increases in social security payouts, that sort of thing. ezra discovered that they don't know what the president has very loudly and to his own risk within his party proposed. >> no, they don't know. they just know what the talking points are, and the talking points from the republicans are not factual based. they're not based in reality. not only ...

How much more does he want? when is the president going to address the spending side of this? >> but simpson and boles, who a lot of people around here think it's really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended. that's a pretty good deal. so you didn't have to give up a lot for that. only 18% of the bush tax cuts were rescinded with that $600 billion -- >> there was no -- >> but wait a second. you committed to more in the way...