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Disgusting, for ten years all they said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, it's like, oak, well, he we didn't mean that. >> a lot of that was true. >> and in the long run-- >> it's a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and that's what the democrats have conceded. >> and the average income offam at all dur...

They said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, it's like, oak, well, he we didn't mean that. >> a lot of that was true. >> and in the long run-- >> it's a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and that's what the democrats have conceded. >> and the average income of a family of four did not go up at all durin...

At the end of the day, you've got to deal with the spending side of the equation. and while you may want to, you know, chop down on republicans who, you know, have been intransigent on this point, it is the core problem here, is that we don't have a revenue issue as much as we have a spending issue. and those republicans like myself and joe and others who said let's look at this picture in total. you have to focus on that side of the equation as well and deal with those realities that we spend more than we have. >> robert, bystander? do you want to take that one? >> yeah. i mean, again, we're ...

Spending side of the ledger. let's say that leader mcconnell and vice president biden reach an agreement today, which i certainly hope they will, but that agreement clearly is just going to be on the revenue side. the majority's going to be on the revenue side, and the problem is on the spending side. it's ironic that the one proposal that leader mcconnell put forward, which was an idea that came from the white house, which was that you control the rate of growth of entitlements by changing the calculation of the cpi, something that should have been done a long time ago to get it to be more ac...

There is a spending side to the equation that nobody is really talking about but when it is put to the american people they say by far and away that is the best option. >> whose cut is the question. should we do cuts or taxes. cuts. what are are we going to cut? not a program you like. some bad program. if you ask liberal people they say yes cut the pentagon deeply. conservative people say cut welfare programs deeply. they both agree that cuts are the way to go but wouldn't agree on what what to cut. republican ares talk about the need to reduce spending they are necessarily talking about thin...