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President's fiscal cliff roadshow

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    Will rallying his supporters force tax hike?

  • Duration 11:50
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Congress has 35 days to reach a deal on prevent the economy from going over the fiscal cliff.

But it's no mystery what the issues item SP result the Democrats in congress now Republicans now so -- President Obama.

Entitlements -- -- in a country toward financial -- in fact here's what the president said all the way back in 2010.

The major driver of our long term liabilities.

Everybody here knows.

Is Medicare or Medicaid or -- -- spent nothing comes close.

Social Security we could probably fix the same way Tip O'Neill and Ronald Reagan sat down together and they could figure something out that is manageable.

Medicare Medicaid.

Massive.

Problem down the road that's where.

That's that's going to be what our children have to worry about.

The theory are two years later and still no plan some on the left in congress are even refusing to deal with that simple reality for example.

Vermont senator Bernie Sanders who caucuses with the Democrats take -- -- I get very nervous wanna hear the president -- and others continue to talk about quote unquote entitlement reform.

Which I'm afraid it's just another word for cuts in Medicare and Medicaid maybe even a Social Security.

All right so.

Brian let's start with you today to use you that surprise.

-- was right to get -- Yes they want I think in the end it is RTS has started today do you think that there are any closer to a deal like that and seemed like after Thanksgiving people started to get back to work in the staking out some territory.

You know I was I was really encouraged to the Washington Post -- over the weekend Sunday and -- the president picked up the phone.

And he was talking to leaders on both sides say let's get something done -- a pick up the New York Times it by mistake and I found out inside you have -- Liberal Democrats like.

The senator Rockefeller.

-- Dick Durbin.

In -- saying hey we better not touch entitlements they Mr.

President you've got to watch yourself because we won the election.

Let's focus on those taxes on the rich and let's deal with entitlements and the -- that scares me because that's unrealistic it goes against what we just heard the president United -- -- -- -- and when it comes to just that -- When you do the -- It is clear that entitlements are the things that they need to do -- -- -- good opportunity in front of them and yet still we don't hear any sort of plan to talk to deal with it.

-- we heard today senator Reid said quote when asked.

He couldn't name any of the cuts are Democrats we want to offer in the fiscal -- Clinton negotiations can say quote we need to get credit.

For cuts previously made this is today us senators us cuts previous and I'm scratching my head try to feel what cuts.

The Democrats made prior to that they want credit for.

And if they did make that -- credit cuts.

Why do we -- up another four years in the road and another trillion dollar deficit they don't get credit for anything if you just do.

Real honest to goodness negotiations Starr for -- right now about cuts in and talk about it when -- gonna raise revenues.

Harry -- mean by that.

That they should get credit for 'cause -- made on what.

Well that's a six the question I'm not exactly sure -- -- document but I know this much.

There will be cuts in entitlement programs that will be readjusted and entitlement programs and they will be at a tax increase on -- Americans of -- size.

I cannot believe -- Obama's gonna travel around the country and make a stink about this he doesn't think he's going to be able to get them to go along with at least some marginal increase rates.

That's a deploy and asking your take on that because the president just off the campaign trail and a victory a major victory and -- 2012 election.

But now he's gonna go back -- and try to sell the plan that I think that he -- believes that he just one on.

Do you think that he needs to do this type of roadshow to try to get support for -- that's all he ever does this road shows I mean this is how he wins -- how he won the election with a giant.

As his own spokesperson called it PR offensive -- fortunately we're gonna be the losers because it doesn't do anything to change the policy.

No I don't.

Begin to know.

How Harry Reid thinks or how his brain works.

But if you believe what Nancy Pelosi said she said if you want to look what our plan is for Medicare.

Just look at -- -- some wondering Bob with the cuts that -- talking about are the 500 billion in cuts.

That they RD made it to Medicare that that were didn't hide the entire election -- actually gonna start to take credit for those.

But this is really scary -- I think he's trying to he's trying to rally.

The people on his side he believes that they think they should tax the rich I have to say he doesn't even have the will of his own party senators like Chuck Schumer says no.

Gotta be a million or more conservative senators that are up for reelection or -- years are saying no way and don't let me ask unelected.

Of the OK okay let's that -- remembered that he took a lot of heat the last time around when he got to lose.

To -- debt ceiling Kia she they're suing issue and he was negotiating the whole time and not out in the country campaigning.

And this time around I think they've decided that that kind of strategy stay in Washington dealing with the Republicans -- mean what.

-- whose campaign he got one side -- has raised taxes the other side so I think I'll get at -- he's -- -- Stella but the super committee couldn't get it done.

BI gang of six couldn't get done how these people -- -- -- -- we have Grover Norquist saying that none all all the people or allegedly and it.

Violate their pledge I think only Lindsey Graham as long as I yes in fact -- -- -- rest of us are kind of waiting for Democrats come open but there's some way to bin Grover Norquist head from the show why I -- -- is usually action and.

Well I think he's just now about the red shows a President Obama -- -- any talks about raising taxes on the rich I think there probably is some.

There is a constituency in America says yes that's the right thing -- Boehner says -- for more revenue.

-- -- -- get it a different way because we think raising rates will hurt the economy but we would reduce their deductions that you get to the same place.

But still in none of that with president Obama's plan Russia he doesn't even answer the question that he brought up in 2010.

Which is then what are you going to do about entitlements and how would you guys make it better -- I don't think raising the retirement age.

By six months or a year -- -- and solve the problem.

I -- my head's gonna explode because out of road and keep saying we had raised Texan resort balance the budget we know the math doesn't add up and number two is.

He has to -- would roll the sleeves and get things done behind closed doors in the -- frustrated.

They let them be frustrated.

He just got to -- and make a deal and he's got to -- wouldn't -- the framework out he could not either not getting it for what this time around you know -- -- -- volleys and very -- what -- mean I want him to go vote go with speaker Boehner and I wanted to say this is what here's my -- what are your car -- come out -- we got a deal to get what they did that they did at the fiscal -- let the -- let's see what could they -- him -- -- it -- here's the deal.

You're coming out of 600 billion we're gonna come up 600 billion they say their agreement they walked away from the table all the sudden pres Obama -- the wanted eight Erica.

They they -- they don't want the entitlement cuts you know the left that didn't want the entitlement cuts and Bob you've even said this yourself on the show.

That's what's on the DL as President Obama couldn't get his side to come along with and how we ran -- well that's an incredible -- from a PR standpoint that the Republicans get a lot of attention for.

Being divided an.

It's actually did -- who are more and more divided but they don't get as much attention when.

Because if if all that's its focus -- on -- You know they want to take shots honestly -- there there is a problem.

Because on the were on the right -- -- phrase this properly between the the the Republicans and the right.

There's -- there's another -- forget right left -- -- -- advisor on the right that says.

They're -- -- staunch fiscal conservatives are saying don't raise taxes don't close loopholes.

Don't and the cup deductions don't do anything that's gonna increase revenue unless you're getting the spending cuts.

And the middle of the road that some -- that was Republicans are saying now what we need to we need to work -- so.

How we gonna get at our house which you know -- -- -- -- -- Sort of reductions will be on the table and and I wanted to with the differences between raising rates -- -- more deductions you well if you take Dutch is that the -- fewer dollars in their pocket the so called wealthy people.

Are gonna have let that fewer dollars of the pocket which gives -- risk there I'd say -- less money into the economy is much more sensitive to playing with marginal rates than playing with deductions that the biggest issue.

I say the numbers.

If you do the deductions that are proposed it's a trillion dollars over ten news that's a hundred billion dollars a year.

If you do the it will -- -- bush tax cuts for over 250000.

Let those expire that's another.

Eighty billion dollars -- up to a 180 billion dollars in you have a deficit of over a trillion dollar figure you're only 18% of the way.

You're still missing 82% of the -- here.

-- -- -- biggest ever endorsed a so so that's that -- -- -- -- back in Louisiana Tech number were -- had just two minutes left and I ask you one other thing that we could you product transparency.

There is so there are some on the right who are trying to push for the negotiations.

To be -- -- in that out in the public to be up and broadcast on C span.

Would you I don't I think that is terrible like it is what it like it is a terrible idea because -- is the only time they really dealt with their sleeves up and working deals I -- -- hurt your right.

And that very grand compromise we -- over the stimulus pack you talk about obamacare when you talk about.

The auto bailout bill did things -- totally on the road the president was not engaged he passed it along.

I would like to see him say.

I don't care -- Harry Reid says Medicare and Medicaid and Social Security have to be restructured.

Not fine -- and obamacare it's got to be in play you know -- -- tendencies and I give I don't know what.

What's what's I don't want to get these guys that they -- -- -- what they look like with their sleeves rolled that's not remain a new report.

On the hit driver on the hill we both -- in Washington the chances of it actually really happening on C span.

It would happen in the men's room -- would -- in the hallway got a bee colony each other after the camera in -- in what they -- As someone brought this idea to me and it's really crazy what for Republicans were to say.

I'm not gonna vote on this you want to push for higher tax increases Boehner brings it to the floor they don't vote and this all becomes the Obama tax -- -- this becomes.

The Obama spending cuts this all gets clicked on him let alone the people voted for him Andrea let them out.

-- about the possibility of -- and then house Democrats going along with maybe John Boehner caucus in order to pass it that's how the body could be could end up cost -- in the house.

But when it's also -- -- sitting here in December 31.

The Democrat on an emergency session of the five.

-- be here in case an injury.

They'll be they'll be sitting here saying this is the deal we got to cut and unfortunately got to get Democrats to come along with Republican -- I -- -- politics I don't think enough people are talking about them what's the right policy.

What's the right answer with a solution to get the economy going again and and see that Social Security Medicare.

Saved for it as the next generation to nationalist -- -- quick point -- we as of five or at least than conservatism or.

Body should be eight inches in -- still we can't eat but for the source pinnacle of the crowd.

Not we pay people pay into the Social Security system it's supposed to be self install itself bomb that there in the Medicare -- No no but we pay with payroll taxes and -- into Social Security it's government that raid Social Security -- -- Social -- even on the tables because they took two trillion dollars.

That we -- to -- any -- -- other Arab.

It is original question was you wanted to transparency and have people like Grover Norquist sit down there and shoot his mouth now he what they can you remember I'm there anybody there but he he seemed ladies and now he's not I would if -- Republicans I led and come out -- -- re getting away with the payroll tax.

And I find the spending cuts to do and I'm on the table if you want -- reform Social Security retirement age 91.

-- -- brought another -- -- -- talking about the policy actually we had a presidential ticket with the courage to talk about the policy -- but they work completely.

I think -- and -- I don't know yet.

And the people are gonna have to -- sign it right before we came out keep Tennessee the Hoover Institute put out a PC called it he says he says that the president -- laughing president today saying.

Through spokespeople that he would Vito.

Anything that did not have the tax -- increase but I think.

Given that the economic consequences of that will be so dire and keep his right and the president has offered to big bluff of saint -- Warren Buffett he's.

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