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Conveniently, by the way, that 400,000, that's the same amount of money the president makes. it's kind of convenient, don't you think? >> bill: all right. so they'll probably meet 650. all right. what about the spending side? >> spending side, that's kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absolutely. three times as much cuts in spending than tax revenue. >> and now one to one, sort of. depending how you want to look are...

On those making 400,000 or more. conveniently, by the way, that 400,000, that's the same amount of money the president makes. it's kind of convenient, don't you think? >> bill: all right. so they'll probably meet 650. all right. what about the spending side? >> spending side, that's kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absolutely. three times as much cuts in spending than tax revenue. >> and now one to one, sort of. d...

Share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families, only to pay for a tax cut for somebody like me. and what i said was that the ultimate package would involve a balance of spending cuts and tax increases. that is exactly what i've put forward. what i've said is, is that in order to arrive at a compromise i am prepared to do some very tough things, some things that some democrats don't want to see and probably a few republicans don't want to see either. but the only way that we'll be a...

Conveniently, by the way, that 400,000, that's the same amount of money the president makes. it's kind of convenient, don't you think? >> bill: all right. so they'll probably meet 650. all right. what about the spending side? >> spending side, that's kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absolutely. three times as much cuts in spending than tax revenue. >> and now one to one, sort of. depending how you want to look at ...

Is it going to take to get people here to stay focused and to get results? >> what do you think the -- if you could sort of rewind the tape and take it back 24 hours before, as you put it, plan "b," there was an outline of a deal. is it cutting the baby in half, you know, is it slicing some off this and some off of that? where do you think they are going to end up coming down on tax cuts and importantly on entitlement cuts? >> you know, when the president went to extending the tax cuts for everybody but those above $400,000 a year in income, that was very significant move certainly for him, an...