for a of banks. this is a big problem and that s certainly what chancellor merkel will tell the president in today s sit down. basically the concern is that the u.s. s economy s inability to shake off the affects of the slow growth that we are seeing is hindering the global economic recovery. keep in mind europe is well ahead of us. the european central bank has begun to raise interest rates there. obviously we are still a year or so away from being able to do that. that gives you some sort of an incite into the disparity between the economic conditions, i mean, you know, while a nation like germany is facing its own deficit problems they are likely to remedy that within the next two years. i don t think we are going to. jenna: interesting point, bob, thank you so much, bob o brien of barons.com. always nice to have you. we ll continue to follow the joint news conference we ll see
them, they will good to us on oil deal. we can t be in a position we are going to wars, the troops are committed. we have problems at home, budget problems and deficit problems and we re ready for another war. are you kidding me? the president has to be called to accounting on this. this is not academic matter. this is about the constitution. if we stand by the constitution, we ll be safe. if we don t, america is going deeper in a war that we propose will be days, not weeks. we re in it once. no end in sight. john: on subject of accountability you suggest the way the president went into libya might be impeachable offense. what do you plan to do about that? the president violates constitution per se he can be called on that. i said that. the country doesn t need destabilizing factor of
for speaker boehner to say that yesterday on the today show. maybe subliminal talk that they are on the table. seems sheer craziness. there are huge problems, budget problems, deficit problems. at some point, the speaker has to put aside his own personal career values because of the tea party folks and house he has to deal with and put the nation s interest to the forefront. if he doesn t, if they don t come up with some kind of agreement, we re in for a whole lot of hell. when do you figure that s going to happen? i don t know. mark, this is not john boehner going rogue on the today show. misch mcconnell has said over and over again, this is a strategy, we will not raise taxes, they re not on the table as part of our negotiations. you can read it from any member of the republican leadership. this is obviously something they re not going to budge on. yeah. they re talking tax reform proposals and ryan doing fairly
households, paid no tax at all in 2010. the vast majority of these people, however, are low incomep. remember, though, a lot of people say, you should boost taxes on the rich and very understandable to think you may want people who earn a million dollars or more to pay taxes. that aside, there certasimply a enough to eliminate our debt and deficit problems if you did. lot of opinions if you should or shouldn t. find the story on the newly redesigned money.com. it is helpful. like the cnn.com site, the money.com site has a most popular stories gauge, so you can see what people are reading. right now the millionaires who owe no federal tax is the story on money.com. oil price collapse pays off for one speculator, someone betting against the markets. look ahead to stocks, check out the markets on this site. it will give you all sorts of information about where markets are and futures.
probably much less than the paycheck when working for the man, but the income tax they owe on that might have been more than offset by the large house they own or the big pete of property where they also get big tax breaks. some of the ways this could have happened. we re only talking about very small segment of the population. about 4,000 people. right? reporter: right. very, very small. very, very small. we hear boosting taxes on the rich. will they solve the nation s fiscal problems or won t they, and why? reporter: right. what s interesting about these numbers, they point out the discussion lawmakers have to have about tax breaks in the tax code when they go to reform thing. we can t tax the rich into oblivion and solve our deficit problems. it s not going to work. there aren t enough of them. their income is volatile. when the treasury s begging for dollars they won t get it from this secretarieser of the population, because their incomes will get hit a lot, too. but what