CSPAN Public Affairs December 6, 2012
Gross margin bottom will fall by half a percentage point. We will reverse the hardfought gains over the past few years. We cannot afford to go backwards. Instead we need a balanced and bipartisan approach. One that balances the short and longterm needs, distinguishes between Foreign Investments and the Core Investments that must be reserved, and spending that we can live without that utilizes both spending cuts and revenue increase. The first order of business should be to protect those middle income families i talked about and protecting them from a tax increase. The cbo estimates that simply...