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 parallel. they traded and they prospered
cuts in spending. for every $40 of tax it was 1 dollar of spending is that what it comes down to. they should get one tkhaoe one cheer for note causing a recession and imposing great harm on americans. this didn t address the debt which is larger than our economy economy, it s costing us a million jobs. we are growing slowly. we need an aggressive strategy which is about cutting spending to address that debt. bill: tell me what you believe would have been the best possible outcome? i never thought that we d get a large agreement on the debt in such a short time period as the lame duck. for me the best would have been no tax increases replace the sequester with more sensible long run daughter cuts and come up with a framework for the debt reduction, the tax reforms and entitlement reforms can be done this year, but a framework for how big they would be would have been the upper bound of what we
5 million instf 35%. unemployment benefit remain at one year instead of six months. steve: keep in mind, john boehner brought up his plan b a week or two ago and it was it set the limit at a million. that was voted down. so now there are a lot of conservatives who say, wait a minute. you re still at 450. they probably should have taken the million, but that ship has sailed. but a lot of conservatives are looking at the gigantic amount of tax increases compared to the number of cuts if you look at it, it raises new revenues and $15 billion in spending cuts, that is a ratio of 41 to 1. in other words, for every 1 dollar in spending cuts, they raised $41 in new tax hikes and that is not good for a lot of conservatives who say where is the sweet spot in there for us? susan, with the washington
look, i ve been for bowls simpson and the outline, not the specifics. what they said is we need to deal with entitlements, we need to strengthen social security and medicare and make sure they re sustainable. neil: their ratio was $3 in spending cuts to 1 dollar in revenue. what do you think this will be? actually, frankly, as you probably know, neil, the bowles simpson proposal was closer to 2-1 than 3-1. neil: do you think the final package will be 2-1? i don t know. i know this, that frankly we ought to stop talking about the politics or ideology. we have a math problem in my opinion. the problem is we need to get you could pick your target. my target would be 70% of debt
liquor store in palmdale, california, where the mystery winner bought her ticket. a $23 million winner, but the months passed, and she just didn t come forward. lottery officials released security camera footage from michael s in the hope that somebody would recognize her. yeah. so i remember the lady walked in. she bought a bottle of water. she purchased it, and she walked out. as soon as she headed to the door, her mom yelled to her, she was like, just buy a lotto ticket. reporter: a 1 dollar ticket. she bought only one, but time was running out to claim. now, the winner just told lottery officials that her daughter recognized her on the tv this morning. she then ran to her car, searched for that ticket, and, thankfully, she found it. nick watt, abc news. she only bought one ticket. bought one ticket and $23 million. see. you ever play the lottery? every now and then. every now and then. i m going to call that girl, though, and see if i can get