Here are the figures, when you look at it. Oecd started after world war ii. You could at least tell what the revenue was. We did know what the gdp was. No. And we are now, all governments, spending 42 of the gdp. And we want to make any effort to stop that . Or are we discussing to say it has never stopped before . I think the earlier Social Security, not fully implemented. There was no medicare. It has been pretty stable since 1980. It goes up and down with the business cycle, but it is pretty stable. This is the division between the right and left. Who will continue to fight about bigger government and smaller government. We will not do it by refusing to pay for the government we have, thinking the economy in the process. That would be a good start, as a backdrop. I want to touch on your question about corporate and individual taxes. The third piece is small businesses. We work out how develop a tax code that is good for competitiveness. You need to think about how those play into it
Thats where you find us right here on capitol hill. We will tell you whats happening in our nations capitol and give you a chance to get involved in the conversation at 86655press. How about a big news today . South carolinas jim demint announced he is going to resign from the senate to head the Heritage Foundation. That is good news not senate. At a time gets rid of one of the most whacko extremist members of the senate. Bad news for the Heritage Foundation because they are going to be known as just a bunch of rightwing extremists. We will find out about that. First lets check in with Lisa Ferguson with this mornings current news update. Good morning, everyone. Happy friday. The president has a pretty light day on his schedule today, just a morning meeting with his advisors and this afternoon, he will sign into law the Child Protection act of 2012. Now, that law protects children against child pornography, sexual abuse and sex trafficking by giving Law Enforcement more power to protec
Thats a hell of campaign strategy. Mark my words, republicans will rule the day they conveniently sold their souu. Welcome. On the grand old party disarmament. Thats the way i see it. What about you . I agree. It was a huge blow to small government, tea party folks, people who want less intending. The strategy is to play nice this year. Let democrats dowhatever they want to put the focus on obamacare. Thats on the top of americans behinds. What is gng on with obamacare upset wh democrats and since Election Year republicans are hoping they can just ride thi years through. Have democrats basically get in trouble with oamacare. And then take er the senate and hopefully gain more control of the house. Scold stabilize. I nt think it will. It could enou to my its not as bad as we thik it is now. Yet theyre hanging their hat on it. Im saying when you have lost your spending result on everything else. You kind of reveal to youelves to the American People as being the sort ofbaseless, spineless
Thats a hell of campaign strategy. Mark my words, republicans will rule the day they coveniently sold their souu. Welcome. On the grand old party disarmament. Thats the way i see it. What about you . I agree. It was a huge blow to small government, tea party folks, people who want less intending. The strategy is to play nie this year. Let democrats do whtever they want to put he focus on obamacare. Thats on the top of americans behinds. What is going on with obamacare upset with democrats and since Election Year republicans are hoping they can just ride this years through. Have democrats basically get in trouble with obamacare. And then take over the senate and hopefully gain more control of the house. Scold stabilize. I nt think it will. It could enough to my its not as bad as we think it is now. Yet theyre hanging their hat on it. Im sayinghen you have lost your spending result on everything else. Ou kind of reveal to yourselves to the American People as being the sort of baseless, s
Better to take the hit now, they argued, than in january with the World Economy in turmoil and second recession coming. Number two, john boehner, the speaker is claiming hes met obamas demand for higher taxes for the rich. Thats good. He agreed in principle the rich must pay more. Number three, theres talk for the Republican Leaders that they could vote to continue the tax cuts for the 98 now and therefore avoid the fiscal cliff and put off for now the top 2 . And the question then, let the debt ceiling not take effect. A tax cut delayed i argue is a tax cut avoided. Joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbcs now. Governor, i want you to read whats going on here. First Speaker Boehner defended the gops tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. Lets listen to the back and forth. Revenues were putting on the table are going to come from, guess