meantime, senator ron johnson says that he will support it a bipartisan budget deal would heads when it heads to the senate for a vote tomorrow. he becomes the first lawmaker to say so. house budget committee paul ryan defending him and here is some of that yesterday. i am not trying to oversell this is an enormous budget publishing it. it is not. but it prevents the government shutdown and it s important that it rejects taxncreases. and the budget control act said 1 dollar discretionary, this goes beyond that. martha: we are joined now by brad blakeman and doug schoen is a former advisor to president bill clinton. welcome, gentlemen. thank you. bill: what you think we are witnessing here?
the people of new jersey have spoken and they want a raise. last night, voters overwhelmingly approved a measure to raise the minimum wage by a dollar an hour. i am an optimist. i have to be, i m barack obama, i ran for president. and won. and won twice. so look, keep in mind first of all that what the ceos here said here is absolutely right. this is a boost to our economy. president obama this week making the case that immigration reform should happen because it would be a good economic step forward for the country. the voters of the state of new jersey just a couple of weeks ago making the case that people who make minimum wage ought to get paid more. that that would be good economically for new jersey. the state senate in massachusetts today voting that massachusetts should move to a state-wide 11 dollar an hour minimum wage, because that would be good economically for the
state-wide 11 dollar an hour minimum wage, because that would be good economically for the state of massachusetts. and this week in the united states senate, senator elizabeth warren of massachusetts made a widely circulated senate floor speech, making the case that the era of fighting about cutting social security is over. and now it is time to talk about expanding social security. at the very least, that used to be beltway heresy. senator warren now joins us, senator, thank you for joining us, nice to have you. it is good to be here. so why now? why do you think now is the time to talk about this when all we ve heard from the very serious people in the beltway forever is that it is time to cut it. because it is time to talk about reality. you know, america s middle class has been hammered for a generation now. so adjusted for inflation, the wages of the middle class family have gone down. and yet, core expenses, housing, health care, sending kids to
state-wide 11 dollar an hour minimum wage, because that would be good economically for the state of massachusetts. and this week in the united states senate, senator elizabeth warren of massachusetts made a widely circulated senate floor speech, making the case that the era of fighting about cutting social security is over. and now it is time to talk about expanding social security. at the very least, that used to be beltway heresy. senator warren now joins us, senator, thank you for joining us, nice to have you. it is good to be here. so why now? why do you think now is the time to talk about this when all we ve heard from the very serious people in the beltway forever is that it is time to cut it. because it is time to talk about reality. you know, america s middle class has been hammered for a generation now. so adjusted for inflation, the wages of the middle class family have gone down. and yet, core expenses, housing,
the currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn t a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let s go back to the rome