he s back in the business he s been in for a year and a half of proving himself to the right in his own house. this has to do with internal politics. we look at the to-do list which is massive in terms of the significance of the legislation and complexity around it. we have the push tax cuts expiring. the payroll tax holiday ends, expanded unemployment insurance benefits and, of course, the triggers go into place. and the debt ceiling. and the debt ceiling. this really means you look at the tenor now, it will only get handled in the lame duck session of congress or they punt to 2013. i think they ll have to punt. they don t have the capacity to do tax reform that quickly. what s going to happen with the debt ceiling is anybody s guess. are they going to need alternative cuts if they do that? there s a big question. i m writing an article now trying to figure out what happens inside the republican party, internal republican party politics if mitt romney loses the election by t
deficit and we need balance. let s move over to expenditure side. where do you believe we could cut? what s the one program where you could cut the most? the president put a number of cuts on the table including things like community block grants and other proposals like that. my view is we have to take those cuts unless we can identify all ea alternative cuts. there are very responsible cuts in the defense area. you just have to talk to admiral mullen who said the debt crisis is a major security challenge. everyone has to contribute. people like governor haley barbour. last question. social security. can we, should we raise the retirement age over a course of 10, 15 years? i don t think we should for this reason. my view is that people who earn their living the way we do, yes, we could easily do that. the fact is if you are doing
written. 116 people are dead with that toll expected to rise. now i want to show you two different perspectives of a tornado. first, through the eyes of a storm chaser and then from the inside, 20 people huddled in a refrigeration unit in a convenience store. the tornado is trying to come down right here. the winds are out of the north and it s coming right back around. tornado is here. coming on the ground right here. get sirens going. get the sirens going. i m telling you. i got debris on the ground over here. i got debris on the ground. it s coming up north. it s debris. tornado coming into the city. wedge on the ground. this is storm chaser. i have a large destructive tornado on southwest side of joplin. back up! i am. it s tearing up the entire city on the south side of joplin right now. this is jeff. it s a massive tornado. massive destruction. it s a mile wide tornado. it s leveling the south side of joplin right now. we re good. thankfully all of those peopl
things that really ought to be defensible in my understanding. the white house has a list. they have a list of alternative cuts that they believe are much less damaging. they will be fighting that out. the other key point, lawrence, is as rich just mentioned. the president is already in tyree at the level. he has agreed to the same dollar level of cuts that john maynor said he wanted on fed uri third. every time the president moves, they have changed the goalposts. first boehner with for deeper cuts by the 2-party. when the president and vice-president moved to their latest level, they understood they had an agreement with boehner because they had moved to his original level. he spoke to his caucus and rejected that number. i am concerned that if we seem to have a deal tomorrow, even if it is something boehner would agree to himself, if it takes it
not make that boehner might be asking him to make to close the deal? there is not just one or two, the republican bill is filled with really unjustifiable cuts. cutting pell grants of lower income children to get a college education, even states facing budget crises are raising tissues. cutting low-income shoulder it off headstart and live plants to have a better opportunity in life. or cutting the irs budget. does this make sense if we have a budget deficit that we want to do less to go after tax cheating and let more of the money that is legally owed the uncollected? there are a large number of things that really ought to be defensible in my understanding. the white house has a list. they have a list of alternative cuts that they believe are much less damaging.