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-- and the timing of that slowdown which seems to have started before the recession.
We most analysts think there are probably.
A structural factors at work as well.
And -- back.
Is testimony for the head of the Congressional Budget Office Steve -- door.
-- Douglas Helmand or you'll have to excuse me -- -- that would be correct giving testimony about what is the looming.
And increasing danger of a recession if congress in fact.
Cannot get its act together by the end of the year.
And work with President Obama president of out of work with congress to avert huge tax -- huge tax increases slated to occur as well as deep cuts to defense to social programs and this is power play and I'm Chris Farrell and rather -- news.
From the Congressional Budget Office about just how Steve what here in Washington.
We called the fiscal -- really -- And certainly what mr.
-- -- had to say.
Was some cold water on any notion that this was -- a small deal in fact he talked about.
Seeing unemployment go back up -- 9% a million jobs lost.
And sustainable suffering for the economy that even if a subsequent congress comes in to try to turn around.
After they take office in the next term next presidential term begins we'll take a while to get the boat turned around so.
What does it mean what is the significance of this we will talk about that today.
We will talk also about 88 veil of secrecy dropping across the Democratic National Convention down in Charlotte.
As they decide not to maybe be as transparent as they -- about their donors.
We will talk about some facts would likely include facts in this this Mulligan Stew of a political.
The Internet show as Jim Angle will join us we'll talk about what's really and Paul Ryan and Mitt Romney's Medicare proposal.
We will talk about.
Whether or not running mates really matter will look at the latest polling on Paul Ryan and Joseph Biden I would talk about the new senate landscape in the wake of Todd -- can.
All of that stuff that he's doing out in Missouri.
But let us get underway let us get underway with none of them Charles hurt Charlie hurt his columnist for The Washington Times and he is just back from a tour.
Of these of these swing district of the swing state of Virginia the fighting fifth.
And that Charlie what -- the victim always editors Chris and I'm glad that you got the memo about coordinated.
Attempt -- suits.
Yeah your your -- rather muted.
What's this is this -- like out of -- of the -- -- -- these red and blue with a gold striped pants is bipartisan this thing this thing just this thing screams out mother looks like you're now that looks like you've got kicked out of the events over catalogs OK this is oh -- -- have been -- Right.
There sure -- it like he doesn't know.
OK so the question mr.
-- is this.
We've been hearing for a long time now about the looming fiscal cliff looming -- left.
As we've talked about here though.
Talk doesn't matter.
-- is here's the deal.
Nothing we know nothing's going to happen congress is not act and the president is not going to act frugal all in on.
Right there know what is going to do is no risk until after Election Day the president says he won't budge unless there's a tax increase included in defusing this bomb.
It and -- from Republicans say absolutely not there's no room for any tax increase on anybody at any income threshold meanwhile the way.
The dead this is just a few days away from hitting sixteen trillion dollars for those of you who like many nice round numbers sixteen trillion dollars round the corner.
I would add I think at this -- is whose numbers are utterly meaningless that's true he goes to show they're so garbage -- there's a right there there's polling that shows that people actually don't care about the deficit -- it's really small.
Because then then they can understand the numbers.
But when that with but when it's sixteen.
True real yet it's a lot of money -- money people can't think about.
They're going and that's that's -- yeah that's surely -- kind of money right there Gary.
I'll have another -- exactly so but does what what -- -- warning here which is an actual recession in the danger that you fall into a chasm that even death the next congress comes in tries to turn it around it doesn't last game.
Yeah I think there's no doubt about my publishes -- -- -- becoming -- remember the Tea Party and why hasn't he.
Democrats vilified as a racist as a as a as a violent touch first and who wants to overthrow the government.
I mean it's it's in sync but this is exact.
This argument that the that the Tea Party types and anyone who is is seen and it has been watching all this has been preaching for a long time.
We -- -- series and it's.
And President Obama came into office promising.
To be this sort of level headed adult in the room but he promised to cut the deficit to be promised.
Have the deficit.
The deficit he's had.
-- millions of dollars to the deficit with who obviously with help from.
All of us Democrats and some Republicans along uninterrupted on that yellow and and and you know pox on all warehouses.
But for this suddenly.
-- wake up and realized that oh my goodness you know -- that.
We're about to go off a fiscal cliff is -- it's kind of what it's like really -- welcome welcome.
Well we you know that this is that this is didn't just come up last week.
So the president is out talking today about education and the need to hire teachers.
He's not tournament visit Iran.
-- part of his economic plan because he says that hiring teachers.
Will it -- True yeah.
-- in fact we.
Even works pitchers that's what we need I sense we're we're.
Subtle -- of mockery is our own you know the president that I met this -- this increase pressure on president.
The we approach the sixteen trillion dollar mark as we near the fiscal cliff as these other things is this increased pressure on him to do something about fiscal issues in Washington beat -- I think so but more than anything I think what what sort of puts that pressure on is the fact that.
Mitt Romney picked hey -- is the sort of the you know as the most knowledgeable.
And -- -- Numbers guy in Washington was serious doomsday here in Washington when it comes to talking about these.
Serious fiscal issues and government the drivers of the problems whether Social Security or Medicare.
And and you know he is you.
Paul Ryan I think -- Force either you either force the conversation to be very serious about.
These very issues.
Or the Obama will continue to refuse to talk about him substantively.
And and ended did that you can't -- you'll have a serious campaign and I'm serious campaign and I think either welcome hurts.
I don't think Obama comes out on top either one of those so.
PSL's senior says everybody that talks about budget and the fact that we are getting to the fiscal -- is a little late we've gone off the cliff already.
That's what's been such a bumpy ride for the last few years and certainly that's that's an argument that the vet Paul Ryan makes which is that the very presence of that debt.
It leads to inflationary problems leads to other things in this much deficit spending.
Is is bad news OK I want before we lose this segment I want -- to I want to get your response the Democratic National Convention.
Which has been -- had had some it's had some issues had a little -- -- -- the Bank of America Stadium will be held at the Bank of America Stadium.
And -- The problem that they're having now as they couldn't get enough money together to have their event in the Washington Post today reported that the previous promise by the convention to be.
And disclose all of its donors as -- go for is that we're not gonna take any of that mean corporate money that.
They have decided that's not what they're going to do and they're going to hide the ball and not show.
What they're doing and so they get to federal filing deadlines are -- It's oh it's almost it's almost as bad as Mitt -- -- reviewing -- tax.
It's it's I mean these these guys they they they made the President Obama made the promises that he was going to end all of the sort of revolving doors stuff in Washington where these obvious -- and and come -- and an end you.
-- -- Every standard that the White House has been every bit as secretive is not more so.
I don't know that that Dick Cheney was pretty good -- not say stuff -- -- secretive about things that needed to be secret.
And also the fact that President Obama has the -- eating out of his hand they are in the tank for him and -- he treats them so.
At least he doesn't come out before them.
And then when he does give interviews he goes around -- -- -- these these little local reporters with whom he's made an arrangement to.
On what what questions are gonna ask him it's just it's horrible and and and -- -- that the secrecy thing is just -- to act pure hypocrisy.
Pure hypocrisy is set brother -- who's going to sit with us and you'll probably find more -- hypocritical.
Because in the next segment we'll talk about what's really -- Paul Ryan and Mitt -- -- a budget plan here's a -- it may not be exactly what President Obama says is in the air.
We will do that and -- to Joyce.
And they're working in Iraq with me directly -- -- also.
She's already received she's already in receipt of the power play that I wrote this morning for you -- constantly changing senate landscape in the wake of Todd -- diiulio.
Which we will get to later approach to a -- Just Iraq.
You know they can run the campaign that they want.
But that the truth of the matter is.
You can't just make stuff well.
And that was President Obama.
Missing the mark because pretty clearly you can't make some stuff -- and that didn't make up stuff all the time.
Both parties both campaigns.
Make up things to varying degrees.
And about different topics and this is power play welcome back.
So let us go away from that which is made up because the president certainly has been out talking an awful lot about what he sets.
Is in Paul Ryan and Mitt Romney's plan for Medicare in addition to what's in their play for the budget and everything else he's engaged in some conjecture.
Just -- Mitt Romney and Paul -- -- engaged in some conjecture of their own as it relates what president -- do with welfare and other programs so.
Let us have the the vitamin it's a delicious vitamin but it is the nutrients that we need is Jim Angle with some -- Acts but today provided today we -- -- -- -- hairdo gives back Charlie -- is with the still who probably continue to be outraged about an asset and -- are you didn't get the memo about pop and students Wednesday guys who do I now both Virginia and West Virginia -- and we figured you just -- right on the bandwagon effect.
But anyway he probably as big belt buckle on so Jim what does.
Paul Ryan actually want to do with Medicare would all right Mitt Romney actually wanna do with Medicare.
What Ryan is proposing is essentially what you have now in Medicare under Medicare Advantage 25%.
-- -- -- every four people on Medicare going to Medicare Advantage.
Which -- our private plans.
That are for you a little bit more than Medicare.
But there are private plans now what Ryan would do is restructure the system.
So that when you come out now this is only for people who work 54 and younger there's and I nearly 2020s right so when you became eligible for Medicare.
You would have companies bidding for your business -- He he would offer premium support meaning you would get money from the government to -- plan.
He would guarantee.
That you are -- about her premiums for you would get would be equal to the premium for the second lowest bidder.
That means you would always be able to buy two plants the lowest bidder and the second lowest bidder.
With the money the government gives you so you never know out of pocket costs for you don't get a check.
Bill -- you would if you took the second lol you took what was better investigator check back from the government -- about whatever the -- -- -- the -- being this occurs within a government regulated.
Participate directly or is it -- is this is my page in the the purchaser and -- the purchaser -- I think it's paid directly I don't know how the very mechanism network but the point is is that it would cost the individual -- -- nothing right.
The president argues they're going to end Medicare as we know it.
And what he says he is it is gonna -- seniors 6400 dollars out of pocket.
Now the reason he is able to say that is because there was a previous Ryan plan that -- Congressional Budget Office had difficulty scoring.
Because he had offered competition but how can you scored the benefits of competition so what they did was -- -- well.
We're just gonna assume that the cost of the private plans will go up as much as health care costs do Coca.
So they wish they -- that assumption and that led them to say that it could cost seniors 6400 -- dollars out of pocket.
But that was to land -- guy.
I love my my favorite thanks Charlie and all of this election is the decision that people are just going to make stuff up about numbers and math and certainly Romney's done it on Obama and welfare.
Yes it's possible that the exemptions that President Obama news could be used to gut as it has run -- sister got.
Welfare but nobody's got it welfare yeah it's conjecture.
But my goodness the Obama camp and we look at the Obama came in in the White House they started with -- -- -- this when he says he's gonna cut portray it if he wants to cut four trillion I bet he'd cut all of the program to people like most of the video pick all of the most popular programs and -- head start with -- torch that -- is totally burned that down about food -- gone.
So they've made that up and then you have the Brookings institution's -- make up a bullet if Mitt Romney's tax plan really is going to balance the budget -- really going to do these things I bet he'd have to raise taxes on middle class people -- like a couple grant and literally -- what that every time that I wanna raise taxes on anybody then why has goes forward and does it.
My question for you is.
The fact checkers of the universe so Jim can come out and tell what -- -- it's.
But jam as powerful as his voices.
And as powerful as the America's news leader is.
The truth is that when you -- thirty million dollars a month.
Behind something even if the Washington Post gives it for Nokia's even if people say it is totally and interest still that a stick right.
I don't really know in in the years I've covered politics here.
I I don't feel like I've ever seen it quite.
Like this where both sides can get away with just.
Saying absolutely whatever they want to and I don't know if it there was a time before this where it it was like this.
But it's just it's really amazing especially in this campaign.
In this in this election cycle the way that that that an -- and I don't like here's our fact checking going on either because that's north of the press is.
They get caught up with -- -- stupid little things -- they get caught up -- with -- you know Romney's tax returns and who's who was.
Make it in the Sea of Galilee.
I mean yeah.
There's negative in the public square when it comes to fat dog tonight all turns that corner quite so hard surge and here's the question.
-- Ryan tries to talk about this issue and you know here's something I think we will talk about this one next segment but it turns -- seniors.
So for like all right more than the average bear they like all right at a higher rate than people so far the Medicare.
It's frightening -- has not occurred.
Four Ryan is he telling the truth when he talks about the 716.
That they say Democrats cut from it.
Well what they point to is the chief actuary of Medicare.
Who says you cannot spend the same dollar swaps so the president has said I'm saving 716 billion dollars Medicare.
And I'm spending 1716760.
On Obama care as -- his team to now call let's take -- -- it just in order to subsidized exchanges and a number of other things.
Now the actuary keep saying guys you can't spend the same dollars like you can't save seven or sixty billion and spend 760 million and say that you've you've helped Medicare.
-- what he argues he has you were going to have 15% of hospitals within a few years who will be unable to treat Medicare patients.
Because you're reducing the reimbursement so and this is going to be true doctors to.
You reducing reimbursements solo you'll not be able to find a doctor or hospital if you -- accuracy.
Jim -- always bearer of glad tidings and endurance and Jim please don't tell Charlie's wife that you can't count the same dollar twice because he's getting ready to -- yeah gentlemen we thank you both very much for being with -- he -- the last word on this segment Greg you know -- -- You can't just make stuff up he's speaking in the voice of president I'm out there with a positive message and by the way brumbies are murdering tax dodging the foul line.
You will enjoy it from Charles today and gentlemen thanks when we come back will be joined by our at all.
Are true man -- and all and we will talk about this question about -- running -- really matter and also the new senate landscape in the wake of Todd Lincoln's decision to gut it out in the face of everybody it seems like in his own party telling him it was time to take -- little.
Net OK so stick around.
All did Jackson good -- sound like squealing bread over the objections.
Bob Romney -- all his allies we've tracked.
Some of the toughest Wall Street regulation to -- straight.
Turning was three back -- the alligator capital it always has -- and no longer casino and they want to repeal it.
Over the summertime.
-- caught on video saying.
People like to cling to their guns of the religion.
I'm a Catholic deer hunter I am happy to be clinging to my guns and -- relates.
Was vice president Joseph Biden and vice presidential running mate Paul Ryan -- -- owning every bit of their public persona is as the vice president accused Republicans and capitalist people of squealing like -- -- this.
And there was polarized and that was that was at a campaign stop in Minnesota and there was all right and Pennsylvania.
We -- introducing president Obama's 2008 remarks about people who are bitter and cling to things.
And this power play welcome back.
That does it matter.
These we do an awful lot of talking.
About these running mates and what they're doing.
How it makes a lot of good TV certainly people talking about squealing pigs and shooting -- is more interest and for a quick sound -- But does it really matter.
Let's look first before we do anything else let's look at where they stand in public perception this is from the latest.
Wall Street Journal NBC news poll -- thousand registered voters.
Favorable views 36%.
For Vice President Biden 33% for congressman -- unfavorable 40%.
For the vice president 32%.
-- the congressman from Wisconsin.
So let's bring in.
Round on Cheney's former chief staff to the senate Republican conference he's former communications director for the speaker of the house and I believe.
The Press Secretary court for a -- You are correct sir Ding Ding Ding he is therefore today Republican strategist.
And in the -- we've got David.
On the dominant.
Internet political telecast of the 1130 half -- former deputy Press Secretary to Senator John Kerry democratic strategist.
And pretty big deal David.
So here's the question doesn't really matter does it when you get down to these running -- -- -- Ryan has helped change the discussion of the race to talk more about entitlements and things like that but in the end is this going to be that big of.
Well I think.
If you look back in history I think when you look at vice presidential less flex and some of them have a big impact some of them don't you can look at him Dan Quayle or you can look at Dick Cheney and Joseph Biden I think.
Joseph Biden and Dick Cheney kind of bolstered the same purpose for the other -- -- -- -- -- older dude you have provides how does -- -- right Experian and and some group you know.
Gray beard Catholic presence in the camera intro -- or gray mullet in this case -- about -- it's.
But -- I think you know in the very rare cases you know become the the selection actually has changed is the discussion.
The Romney campaign has wanted to talk about jobs and economy they've been doing that consistently -- more than a year and lose and -- it in losing and then all of a sudden -- been forced to have this conversation about entitlements and social security and Medicare privatizing those programs which is you know bread and butter and issues for Democrats so I think it works in our -- -- -- -- those issues but he's doing.
Are now Rhonda certainly seems to have given at least some energy to Mitt Romney and we don't have this old show you but the very revealing -- today Washington Post poll that looked at.
Biden and Bryant is that -- in his way outperforming his numbers overall with senior citizens that the very folks with him this was supposed to be as David points out.
The medi scare that these things that is the older folks seem to have heard this message about I don't wanna take your stuff when he takes up from other people but your stuff is -- Well that's actually right what -- been able to do -- -- can ride.
They've been able to commit political jujitsu which is taking your opponents energy and flipping it series we thought -- -- can do that's right.
If you thought that meant we -- the Medicare will be weak spot for Republicans instead -- turned out be -- strength.
And they need to talk about this and get out in front of -- before there before the president and his allies attacked him.
But he but now the polls have tightened Romney and as now.
-- doing very well in Ohio doing very well in Florida.
Ryan has helped Rodney with the state of Wisconsin now they're within the margin here there and you know -- playoffs and that's a great thing.
-- guys so.
Let us move to what is not helping.
Mitt Romney this week and that is congressman Todd a candidate from the show me state of Missouri something happened -- To run -- not aware that there has been any discussion might -- who is in Missouri and says.
You know that you applause when your company's sticking up for you and telling everyone to -- -- -- to run your race weekend.
And that's exactly what happened is that Claire McCaskill Democrat who tadic is trying to concedes that leave pour hot -- it alone Republicans don't let the party bigwigs.
Committed tell you -- to be but Aiken.
Did what she wanted and he stuck it out and for the time being at least he remains in the race.
Waiting for some more polls on that and we have explored the issue of congressman -- and certainly there is a danger for Mitt Romney and Paul Ryan as Democrats need to take -- can stance.
Which said that women had a biological ability to.
Differentiate between the biological matter of -- and non rapists or worse something.
And it was a real disaster.
And certainly Democrats are trying to hang that -- Poland because he also opposes.
Act the option of abortion instances of rape.
So there is that but let's get -- Not that that's but let's let's -- -- talk about the US -- and let's pull up the map here of the Blue States.
And here are the states that the -- seven states that Republicans see possibilities -- -- Democrats that's Missouri.
North Dakota Wisconsin Montana.
Virginia Florida and Nebraska Missouri is -- used to be the easiest one for the red team they thought they'd chipped in the -- 84 Republicans need four of those to take control of the senate.
Eight if you're there at 47 that would take him to 51 they could do with three if they also won the presidency and Paul Ryan became the vice president -- -- about.
They have to defend three states -- and a lot of state with three that are implied.
Maine which they're gonna lose Massachusetts and Nevada which they're gonna win Massachusetts being a toss -- so they lose any one of those three they have to win one on the other side.
-- makes this a lot tougher in my right it.
Sure I mean -- in and an election where are essentially every single -- for the majority I think.
-- any race were you see something like what's happening in Missouri happen this problematic for that particular party.
It's funny because.
You know we went Aiken has done -- -- -- -- yet another democratic you know blue collar issue on the table which is the issue of women's health and abortion.
In the congress is not helping anybody.
Or just sounding like -- whether or whatever you think about abortion it sounded so -- on the thick.
That it has.
As -- 1950 threes and I desperately wants Republicans could Alter.
All the houses.
But congressman -- comments are so morally and scientifically and -- that I could touch -- vote for him while that's rough or anyone else who obviously have to -- -- to the question are you smarter -- fifth -- -- does this.
When we look at this map in the seven states that Republicans have the best chance to -- and those three that they are defending how does this change it.
Changes -- tremendously we've always counted adversary.
As that's going to Iraq.
And so that the hope is that he can can still get out of this race and we can get a Republican nominee in.
That that we support -- McCaskill is still very low levels threat and this is not -- if she wins it'll only be because people are so -- eight.
That's correct right so -- gets out I think we have a great afternoon -- And it's not like David that in that -- there are not potential people to -- and you've got should Davidson.
Former national chairwoman for the Republican Party got us a policing -- living former Republican senators so if you were to leave even now would be more -- he could do it basically without penalty until 6 o'clock yesterday eastern time now it's more complicated but isn't that if the Republicans got him out.
This is just she'd she'd go back to -- that go back to being -- -- our right.
But it's interesting what's happening in Missouri is -- the Republican party for Mitt Romney on down is basically saying elections don't matter.
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