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With us tonight to explore why the super committee remains deadlocked in the Brit -- -- to Tocqueville penalties said that the American republic would last quote until the day congress discovers that it can bribe the public with the public's money.
Well congress discovered that a long time ago and is now refined the practice -- now seeks to bribe the public with other people's money.
Resistance to that lies at the heart of the super committee deadlock over the deficit.
Consider that the top 10% of in -- in this country now pay about 70% of the nation's income taxes the bottom 50% pay practically nothing.
But certainly benefit from the spending.
Now President Obama and congressional Democrats -- the -- -- not paying their fair share in any deal to close a deficit they say must include about a trillion dollars in higher income taxes.
Mostly on the rich.
This is all familiar Democrats and act vast amounts of new spending Republicans who resist throughout voted.
When the bill comes due.
Democrats want to raise taxes to pay for Republicans -- urged to go along because after all the nation's bills must be paid.
Nevermind that promised spending cuts to come -- -- taxes either never occur.
Or overwhelmed by later spending.
Republicans -- on -- this game but they face an uphill battle.
Because polls show taxing the rich is popular.
-- about half the country not paying any income taxes.
Small wonder Brett.
-- some of the president's critics have said that he wants to see the super committee fail because he can continue to run against a do nothing congress the president supporters today.
-- he wants this big deal because it takes a big issue off the table and it helps and politically how do you think it -- political.
I think affair earlier this of the committee.
Is it hurts everybody involved and it hurts the Republicans in congress to Democrats in congress.
And I think it hurts to present a big deals in which he could ratify and son in law would help him it would help to take issue with the table.
If it fails it then becomes a blame game now people can argue the president my -- to win the blame game.
But then -- just apportioning something nobody wants which is blame so I'm only doing winners -- discussed.
Elected who lost a what do you mean you look great in it Brett -- picnics it.
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