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>> so chris, let's start with you. let's just assume, because all we're talking about is taxes, raising taxes on the rich. let's assume that happens. let's just assume that happens. because the question always is can boehner get republicans to raise taxes. okay, so let's say that gets -- that gets done. can nancy pelosi, can chris van hollen get democrats to make the significant cuts in medicare, medicaid, parts of social security to keep those programs solvent for the next 30 years? >> a couple things, joe. first of all, the revenue -- how you get the revenue but also the overall amount of re...

$400,000 or $250,000 to $500,000. he's going to have to yield. but mike, what jack lew and the president of the united states must know is john boehner is his best-case scenario. if john boehner goes down in an inner party squabble, they're going to have eric cantor next. >> yeah. >> and eric is not going to compromise any more than a lot of the more conservative members are going to compromise. there is no ghost of nelson rockefeller that's going to rise from the potomac and take the speaker's chair for the republicans. you've got the best that you're ever going to get, and you'd better figur...

>> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you believe this? and congressman chris van hollen. also, we'r...

To be in the middle because they're starting from these positions. i have a feeling that when a deal is done -- and i think one will get done, barnicle, i know you're a pessimist, i'm an optimist -- they're going to raise that $250,000. that will be a gift to the republicans. and then maybe we'll see reducing mortgage interest deductions from $1 million, which is how much you can deduct now, to $750,000. it will be somewhere in the middle between those two things. >> second homes, and there's a lot of running room there, you're right. i think one of the problems here is that you don't have rel...

Right. you know, we have 1200 generals and flag officers now. at the end of world war ii, we had 2,000. we had 12.5 million people under arms, we've got 1.5 million. we've good an admiral for almost every ship in the navy right now. we've had this crete in terms of rank. there's all sorts of money to be saved in the pentagon that will have no effect whatsoever on our defensive posture or our capability. >> but steve, i'm curious, though. what is the difference, in your opinion, between raising the top marginal rate and closing some loopholes? if you get $1.2 trillion in revenue, why does it ma...