at least in the senate version. that s the repeal of the obamacare individual mandate, something that the congressional budget office says over the course of ten years would reduce those with health insurance by 13 million and introduces a political toxic health care debate back into play for senate republicans, one that led to so many legislative failures. so the big question is, why are they actually doing this? here is the simple answer, money, revenue. they need it. the congressional budget office shows repealing the individual mandates creates $3348 billion in deficit spending. that is if they want to pass this will need for their proposal. they made very clear, they searched high and low. this is the best way for them to get such a large chunk of money for several wary republican members in the senate, providing more options on things like boosting up the child tax credit, lowering some of the individual rates for the lower class, those are now options on the table because of the
the big ten, i think it s indiana this year. sean: wow, everybody is picking louisville and indiana and sorry, louisville would win that. and joining me the architect, karl rove. and i think that indiana is going to win, i m a friend of the coach of indiana and got to speak to the squad this fall. sean: with your inspiration how could they possibly lose. exactly, robert gibbs and i spoke to them together. sean: robert gibbs, my good friend. all right, senate democratic budget is going to add 50 grand in debt to every american family, karl, that s not a budget. no, no, well, it s a budget, but it s a budget of the democrats. in fact, sean, this might be really illuminating. if you take a look at the senate democrat budget, this year they want to spend 184 billion dollars more than the republicans proposed. next year, 348 billion dollars more than the republicans.
the big ten, i think it s indiana this year. sean: wow, everybody is picking louisville and indiana and sorry, louisville would win that. and joining me the architect, karl rove. and i think that indiana is going to win, i m a friend of the coach of indiana and got to speak to the squad this fall. sean: with your inspiration how could they possibly lose. exactly, robert gibbs and i spoke to them together. sean: robert gibbs, my good friend. all right, senate democratic budget is going to add 50 grand in debt to every american family, karl, that s not a budget. no, no, well, it s a budget, but it s a budget of the democrats. in fact, sean, this might be really illuminating. if you take a look at the senate democrat budget, this year they want to spend 184 billion dollars more than the republicans proposed. next year, 348 billion dollars more than the republicans.
or it certainly was before steve jo jobs resignation. with the market value of this business some $348 billion, it s vying to be one of the biggest valued companies in all the world. the record highs for the stock price of this business was $403 per share, the stock closed yesterday below that but not that far below, really, $376.18 a share is where the stock closed yesterday. this announcement came after the close of trade. so we saw the shares fall in the afterhours trade by about 7%, though coming off those lows during the session. the question is next what will the market value this stock at without steve jobs. we ll find that out at the open of the markets today. $376 a share is staggering in its own right. let s turn now to the latest from libya. rebel forces now putting a $1.3 million bounty on the head of moammar gadhafi and offering amnesty to anyone for killing or
payroll tax. still, it gets revised by a million every year. whereas the jobless number is a household server. they call up homes and say, are you working? if you work just one hour this week, they count you as employed. a lot of the people that got counted as employed and caused the number to go down, they were newly self-employed people. hundreds and thousands of people that can t find a job. they are hardly really employed. there s still a great deal of pain out there. this is no time for put dragging for the republicans or the democrats. if they are going to have a jobs bill, they better get busy and they better get one that has traction. we export only $88 billion a year to china. china exports 348 billion to the united states. we can t afford that kind of imbalance if we re going to put america back to work. that s what it s all about, the trade deficit and trade