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there s a lot of common sense there. his point on the buffett rule is well taken. he of all people remembers that during the clinton years there was a tax structure in place that was more progressive than today, higher rates for folks at the top of the income scale and not only was the economy much more favorable to middle and lower income people, but we achieved a budget surplus, imagine that. so i think the voice of wisdom is speaking there. doug, are we missing a little common sense when it comes to economic policy? i want to echo jared s call for people to read the president s remarks. it was a remarkable performance, i think there was a lot of common sense in there, i would hope that his democratic colleagues would listen to his call to be serious about deficits this year and not as they re probably going to do today in the democratically controlled senate. but i m nervous because last year the president president clinton same to the same location and called on people
is incomplete, but it does look to me that it s right in the sweet spot that was identified by the bowls-simpson committee. you have to do fundamental tax breaks, you need serious entitlement reforms on social security, medicare and medicaid and that social spending is the key to getting this done. and that wisdom has been ignored by this administration and i hope it is not ignored going forward. is that what s happening here jared? in that quote that was played, what president clinton said is that if you actually look at what president obama has put forth, it does sustain a stable debt to gdp ratio is a complicated way of saying that it controls costs, that doug suggested we need to do. and it does bring in my revenue. president clinton and doug and i may agree on this idea.