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Transcripts For CSPAN Public Affairs 20121206

Gross margin bottom will fall by half a percentage point. We will reverse the hardfought gains over the past few years. We cannot afford to go backwards. Instead we need a balanced and bipartisan approach. One that balances the short and longterm needs, distinguishes between Foreign Investments and the Core Investments that must be reserved, and spending that we can live without that utilizes both spending cuts and revenue increase. The first order of business should be to protect those middle income families i talked about and protecting them from a tax increase. The cbo estimates that simply extending the middleclass tax cuts would boost gdp by 1. 3 and create 1. 6 million jobs. Let me say that again boosted gdp by 1. 3 and create 1. 6 million jobs from that tax cut we can enact. It would resolve much of economic safety for these middleclass families. The wealthiest among us can help us reduce the debt by paying more. It is encouraging to see republican members of the house and the s

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