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By -- President Obama agreeing with Republicans on a two year extension for all income earners.
I've -- decision facing some backlash from members of his own party in a big way too.
Our former adviser to Bill Clinton Dick Morris weighing in on the topic just last night here on -- -- Did characterize this is a deal is like that -- deal that -- hero he -- struck with MacArthur.
On the battleship Missouri.
This is to surrender.
This is absolutely Obama caving in.
And the Republicans had to extend unemployment benefits anyway because -- actually give that tax cut that's the same time cut off unemployment benefits.
Now we wait on a vote for asking these images in times for guys like this Virginia senator Mark Warner a Democrat.
On the budget banking committee committee senator good morning -- and walk and -- here.
Two -- -- in my and they got a little frog in your throat is going around so will be patient you came on TV today to talk about deficits.
Because you want what the deficit commission did last week to carry over be debated in congress.
And parts -- that may let not fully in the way it came out of the committee.
But all these conversations -- into one another whether -- the unemployment benefits extended by a year.
Whether it's the tax cuts -- -- you pay for both of those issues and also whether or not America's truly serious.
About cutting down on Washington spending.
Now on the tax cuts issue are you ticked off like some on the left -- about that compromise reached.
Plus I think -- compromise is always something that.
It's gonna make up make -- a little bit upset on both sides that what I'm you know what I'm interested in hearing news you know.
How this short term -- activity that may come out of this arrangement.
-- actually can be paired with some level of deficit reduction in every economist I talk to says he still needs some short term stimulus but that's got -- actually.
Move in as the economy recovers into serious deficit reduction which means.
Looking at both revenues and cutting government spending.
And that you know I would like to have seen a little more linkage.
And I'm not gonna weigh in to totally on what the president's proposed quite a chance to review and -- only -- -- news reports at this point.
But the kind of do this in isolation without some kind of linkage to.
Real long term significant deficit reduction simply adding 700 billion dollars plus more to the deficit.
I'm not sure that's -- recipe for long term.
700 going to be clear that he debt that's tax cut for the top 3% of -- But there's another that's actually four trillion dollar tab for the middle class tax cuts here so all -- -- at -- four point seven.
True actually happening on who's numbers you listen to.
If this however I think that if however this is the shot -- for the US economy that increases revenue for Washington.
Well if if we can link -- show that this is not going to be simply.
-- in the can down the road.
And that this would be linked to as as the economy recovers.
Kind of serious deficit reduction.
Conversation we had last week when we actually did get a bipartisan 60% of the people on the president's deficit commission come out and take -- pretty bold move from both the left and the right -- this is a serious issue we got to look at both revenues and dramatically cutting back government entitlement programs.
I think there needs to be more linkage that at this point doesn't exist that you think you mentioned -- -- Has Washington kick the can down the road yet again.
I gotta take as somebody spent twenty years there's this guy and for years the governor when we actually balance our budget.
I may have only been here for two years but the one thing I've learned -- if Washington can kick the can down the road and simply avoid making hard choices.
-- -- every time and while I can understand.
You know what the presidents and Republican leaders were trying to do in terms of short term stimulus with us not having this -- somehow.
Some trigger to real deficit reduction to real looking back it.
Cutting back both on government spending and looking at the revenue side over the longer haul particularly on -- tax expenditure side I think this could be a recipe for disaster.
-- did that election tell you guys something.
-- -- America was quoted on the spending in Washington -- -- -- -- now there's a -- -- -- -- -- thirteen point eight trillion dollars.
And and you know what this plan which is both sides of kind of you know put on their wish list and then we haven't paid for a dime of it.
I'm not sure that this is responsive to what the American people said.
This passed -- it did say you know they want us to work together and you know the fact that there is some effort towards compromise.
May make some sense but not tying this to also deficit reduction.
I didn't get the advertisement says the other thing it did you talk like a Republican you're you're talking about a lot like a member of the Tea Party at the moment.
I'm talking a lot of -- -- a business guy for twenty years.
And actually balanced budgets.
You say since Friday we've added fifteen billion dollars of the deficit.
That was I did it that the declaration broke up on Friday afternoon and hopefully for a 1000005.
Dollars a day added to the national debt.
Five billion dollars a -- and into the national debt every day that we do nothing so the idea.
That the hard choices that were presented on the debt commission deficit commission last week are gonna get any easier.
What do you care about tax rates when you care about Social Security would you care about defense spending all the hard choices that were presented last week.
Which in total were -- -- -- -- four trillion dollars.
You know every day we punt on that overtures as their partners for -- here senator.
Senator thank you for your time okay take care your voice and come back -- talk again Mark Warner in Virginia.
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