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That's the best way to get us to a stable economic recovery. it -- spend sing very important. that's why both sides came up with serious cuts that will impact our lives from food safety to head start, you name it. i think the president has shown this weekend, he called speaker boehner and senator reid and, you know, there is a figure out there now. >> fix this. >> because -- look, it is in their hands. the president has said look, here's some cuts. this budget is going to dramatically cut where we started at in 2011. we are six months into the fiscal year. this will have a deep impact. had has...

Which is not surprising. >> not so great. >> at all levels of education, women earned only three-fourths of what their male counterparts made in 2009. i would say that's a best-case scenario from firsthand experience. administration officials say the data will be used -- >> you have written a book specifically on this. >> yes. it's coming out in may. >> literally on this topic. it's our story. >> it's what's been going on here. >> uh-huh. >> on this show. and also all these other women that we interview that mika's been talking to through the years, whether it's sheila bear, the ceo of faceboo...

Constitutionally compelled to do that. and prohibited spending more than they -- from spenneding more than they take in. because members of congress have been unable to agree so far on where they want to cut, they kick the can down the road. the only way to stop it is balanced amendment. >> shannon: how do you break the habit of borrowing to cover spending? it's something those of us in the households could only get away with for a limited period of time. how do you break the chokehold in washington? >> if it were a household we were talking about we'd say cut up the credit cards, cut it in to...

It's anti immigrant to the latest wave of immigration. and in many cases, in this day and age, it's hispanic. and you're taking what is essentially a problem of 12 million undocumented individuals and making it a problem for 45 million people, who are the latino community in this country. everybody is feeling the sting of this. that's the problem with this debate. while there may be merits in a hearing, substantively, very little historically is done on this. and, again, it's more political fodder. >> all right. so john, what does it actually take to change the constitution? >> yeah, well, fir...

Candy, is to argue that at this juncture with this kind of economic environment, we ought to have a significant tax increase. i don't know the economists you're talking to, but the ones i'm talking to are saying raising taxes in the middle of a recession is not a good idea. >> okay. overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have a serious problem here because we spend too much. i think we ought to concentrate on the spending side. i've in fact been encouraged by the comments of e...