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Thinking of speaker nancy pelosi. she says there will be a serious draw down by july of next year or else. retired general anthony ohada is my guest. he is the author of rogue threat. first the president came out and said july 11 is when we begin the draw down. then he came out and modified that a little saying that is not set in stone, that is when we begin the process of transition. but nancy pelosi has another idea. she came out and said specifically to the huffington post that there must be a serious draw down next summer, and she is not sure how many democrats are going to vote for war sp...

Household. i don't have it, i can't pump money in the household. >> it's called a mortgage, tracy. >> even the states are trying to cut back and we're not seeing it at the federal level whatsoever. >> cheryl: a lot of money going out and not lot of money coming in. >> it's true, the history has been written for us. if you continue to do this, you will do it just like jonathan said. the power to spend is the power to govern. as long as you have prof lettic politicians that are passing out money and put off day of reconning, it will come. >> it can't. we have a printing press. tracy doesn't have...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

To be levied at 45% on inheritances a step even democratic senators are balking on this current is 35%. the obama offer contained no serious cuts, no serious reforms to entitlement programs and no serious proposals of tax reform this president had the gall to count savings more than one billion dollars from ending wars in iraq and afghanistan no one has proposed war spending over the next decade that includes cuts to domestic programs agreed to last year, fuzzy washington math. what this is obama's propose last year which received zero votes in the house or senate this is disguised as a so-cal...