set. a trap has been set to say, we can cuts the military even more. bill: romney raising concerns over automatic cuts calling it a doomsday scenario. martha: the debt committee could not come up with even a trillion dollars in experiencing cuts. the country during that time alone racked up an extra $40 billion in red ink. that increase, the $460 billion is four times bigger than the amount of the super committee was supposed to try to save per year. bill: so the mess that is our congress. this what else we find now. in a recent quinnipiac university poll 9% did not believe president obama and the super committee would agree to reduce that deficit.
the purse strings of america. neil: amazing, gretchen, thank you very much. super committee is super done, and since that all came to pass, right new, $460 billion more in debt since the committee was formed and john kerry actually saw it coming. . when gas prices jump. . so suddenly you re cutting back on everything from family vacations to cell phone minutes. well here s a thought - how bout cuttin back on gas?
our budget this year, $3.6 trillion for this year alone amounts to a 3% cut. in spending. 3% cut in spending. meanwhile, we spent $460 billion since the day the super committee was formed. the revenues don t go up. revenues are going up. this is a spending problem. bob: i know you agree greg: bob, i know you agree 100% with eric so i won t go to you. bob: i know you won t. on a serious note unlike the unserious statistics, this was an opportunity that is so rare for congress. both sides are to blame. to get this power, to bypass committee of the congress. to go to the floor of the house with an up-and-down vote won t happen again.
most frenzied shopping day of the year. it s black friday which is said to be the most profitable on record. pumping out more than $460 billion in sales. good morning to vera gibbons. hello. this is not just an important day for retailers. it s a significant day in so many ways, right? we have expectations for this year that you want to meet. yes. it sets the tone. the expectations and that s a decent number and it will push the sales up to $460 billion overall with an 11% coming from black friday alone it s a nice chunk of that. what are some of these door busters? you don t go out on black
we might give back to the states for the cuts they might experience in medicare, if we do it, we ll do it across the board and that begs the question, if it is built on $500 billion in cuts to medicare, and you give back some to every, single state so it doesn t hurt them so badly, how will you pay for it? well, you are right. bret never got a straight answer, it is not just louisiana which he said, oh, yeah, we ll have the special treatment for louisiana and special treatment for hawaii, and. martha: natural disaster and what about connecticut, and massachusetts and vermont? i mean, they got special deals and second of all, you are right. and this is the big issue, this thing is predicated on bernie madoff-style financing. they double-count social security revenues, they double-count a new entitlement revenue for long term care, and they take the doc fix, $371 billion and put it to the side and the cbo said, after all of those shenanigans it is $100 billion in the black. and it