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We'll have to deal with and with the unemployment insurance -- payroll.
Taxes and and a lot of other items before the end of the year the problem here is that the payroll tax doesn't going to general revenue to support Social Security.
And you can't keep extending the payroll tax holiday and have a secure Social Security.
That was senator Jon Kyl Republican of the great state of Arizona talking about why it's complicated about whether or not American taxpayers are gonna be socked with a tax increase on average of more than -- thousand dollars a year -- their payroll tax starting January 1.
If congress can't figure out what the heck to do in the remaining days of the year and this is power play.
Welcome back welcome back to Tucker Carlson who needs no introduction but he would want -- to tell you to go to the daily caller after you're done watching this would go to the daily caller at -- on the show.
And joining us now to help us understand.
The -- Byzantine ways of a shattered congressional process is penny -- democratic strategist and former advisor to senate majority leader Harry -- welcome back -- thanks him for did you have a good Thanksgiving I did it -- Eight weeks and respect her peers as well that's good the cold medicine and food -- sort of -- inside of my head to decide which I'm gonna go by fall asleep suddenly.
You'll know why.
All right so can you explain this to us what does congress have to do between now and the end of the year and let them to prevent the world from -- Well well there's a lot going on as as you know it is unbelievable what he's just being stacked up I think he's trying to do these are -- -- actually trying to budgeting early need to attorneys stopped after -- stopped after understanding.
Everything stacked up and say you have payroll tax extensions of unemployment tax extensions you have what -- eternally it was called doc fix.
For the doctors to get reimbursed him for.
Medicare and this is your that was part of -- Yahoo!'s deal it could explain -- doc fix it because it's Tucker pointed out where we're and break.
It's really expensive to.
The doc fix is in a Clinton Era budget reform measure that called for a future more.
Part -- S congress to start slashing funding.
For Medicare reimbursement well it turns out that old people vote a lot and really like Medicare so they haven't done that.
Tucker what is the deal I keep hearing super committee I was back in real America -- for Thanksgiving.
And talking to people and it was like -- the super committee this is super committee that he wanted to say but it.
Just think didn't you know that it would -- people were real congressman has superhuman and that it's a double secret probation right you don't need a second shelf what's -- super committee I mean.
These are basic these are questions that congress was designed.
To -- on the Sunday shows I heard people -- Day and I won't identify any of these people but saying.
That both the super committee had done its job they could have handled this that hosted the super committee that couldn't get to one point two trillion -- -- cuts was also going to deal with.
The doc fix -- Payroll taxes all this other stuff.
We want to congress is this what congress is -- institute.
They're leaving kicking down this can you down the road for quite awhile now from being basically the better part of two years now and now it's really starting to catch up and some -- in some things -- Have to get Don.
Where does congress -- to actually acts it out so they can actually keep the government funding so December 16 is going to be interesting marker because.
Not only do you have the funding of the government this deadline is June -- spending didn't.
You know debt ceiling -- -- that have these conversations going on just do the triggers occur.
-- sequestration starter -- any player from that we have and I understand I don't I mean it does start appropriating funds actually keeps his government working as of December 16 is going to be an actually an interesting time to see.
Whether or not but the super committee -- to do what past congresses have failed to do what.
Neither -- been able to come together to agree on whether -- -- they can actually find what they're actually trying to spend right now.
Okay so good we should talk about this before it gets away from -- Barney Frank.
You've heard of him he's from Massachusetts he wrote that piece of legislation Dodds frank has basically announced that there will be neither god nor frank -- in the United States congress come 2013 he's retiring after being there since I think 1980.
In the house points out to us that he is -- seventeen.
Seventeenth or eighteenth house Democrat to retire.
This election cycle.
Is this a fairly strong I don't think Barney Frank would have lost his seat but is this a very strong indication the Democrats don't think they're gonna.
Bring back the 2526 seats they need.
To regain the majority I don't know he's been there he's been want to recognize that and obviously that no -- else is gonna make please do they -- -- Dodd-Frank Chris Dodd.
I didn't do the single thing he's ever so one of the great guys in Washington really eat your heart finds Muslim stuff.
Barney Frank mirror opposite.
The most unpleasant human being I have ever dealt with in my entire life in a lifetime really -- with unpleasant people like everybody is almost.
Know when I don't like.
Barney Frank is on the very short list he is cruel to the people around him and I just and I just want to be he worked on their legacy on the.
I edit edit pre accentuating going to -- not that we heard there instead he was in -- out and -- he was cantankerous.
These is to say -- you'll do -- as a player for OK I'll.
But I would agree -- Christiane Christiane is there more pleasant people that you will ever have -- the senator and really just a beloved person -- sad to see him go.
The Barney Frank they'll be love and hate on both sides and -- It is they're sort of like -- day flaming bag of dog do moment in all of this that these guys sort of leave this bill behind this legislation that's unpopular on the left and the right.
Liberals think it doesn't go far enough in constraining the banks actually some conservatives think it doesn't go far enough in constraining the banks.
There's too big to fail bubble bubble blocked thousands of pages of legislative -- -- making that has -- -- -- and now they're -- and.
Who's the you know -- good response I would like my.
I made the original flaming bag of dog -- we is that Fannie and Freddie -- -- -- -- an architect threat for seeing these government backed institutions to make loans that they had no hope of ever.
-- -- he ought to be.
You know he went on trial and as far as I -- -- Gingrich is much as suggested that well and named bills you get to senators who then -- there's a lot of piles up there at that address the.
-- -- -- -- Across that is not really necessarily that the market we need to set whether or not yet been named a building down -- -- -- good -- -- Okay it is I guess -- -- so briefly tell you do you do you foresee a scenario in which congress can get this worked out or we can end up with some disastrous kind of stuff -- what's your -- They're gonna go to the brink as we always do nothing ever gets done prior to the have a deadline and and you know basically the -- -- their heads is something -- get -- they're not gonna allow it to go I don't think either side winds.
When you -- have a government -- especially this close to Christmas.
-- with the payroll we can be done and I'm.
People -- -- -- -- laugh and celebrate just a little bit so I think something will get done.
-- whether or not this is it's another contemporaries you know stop gap measure to get -- -- -- the next year who knows but.
The idea that they are working hypotheses right now trying to get something that they can least keep it going for a little while.
Where do you buy that brother Carlson it's a total disasters.
And I'm I'm I mean you know.
Honestly I guess I -- -- there's really no no.
Adjective I could add to the growing pile of adjectives to express your -- my bags exactly.
Just one point -- that would make.
That the executive branch ought to be leading this process I guess that the the what's -- risk was not designed to heated moments of national crisis and that's what this is the presidency was.
-- -- -- -- -- Well he's going to Pennsylvania this -- I'm afraid we'll it's like it's isn't the only -- champion -- what he did he laid out planet doctrine to plant.
He laid it out eight and has gone out there and campaign actively -- Yeah there was this done a lot of Republican destruction device it was a it was like one of those battleships that they loaded up with TNT to plow into the Republican lines right there are many things there and other Republicans have supported in the past they just simply -- after the.
This coming from the White House -- want nothing to do with it in so deep that he's had to go out there and campaign for specific things and if they would actually here to an actual exit.
We could be on a weekly -- our -- Rating was downgraded because according to the ratings agencies we were three trillion dollars a little downgraded and they felt that the Republicans actually and I'm not com.
All I really it would not come to that is actually look I.
I'm not -- of the public as I'm merely pointing out what they said which was there's a really clear numbers three -- and they and you got to address that -- you gotta get down or else you're not a AAA.
-- Republicans are as it is so in transient that they have no faith.
I'd be able to focus -- like totally I talk about it but it doesn't -- got to address that number and that was the whole purpose of member of -- -- that's what you have super committee.
And no no serious person I'm aware has said wait a second what about the three trillion number of federal hitting president I would now anyway.
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