before. but they are certainly are necessary to come to some sort of deal here if we re going to get anything done before january 1. i think the bottom line is this: we do not have a short-term deficit crisis. i agree with katrina on that point. we have a revenue problem. and a growth problem. we have millions of americans out of work. that. laura: zerlina, you have to be better at math than that. i m very good at math, actually. laura: 90% tax rate on the upper income level on the united states is a drop in the bucket. that is not what i said, laura. that s not what i said. laura: you said we have a revenue problem. we have a jobs problem. . no because millions of people are out of work and they are not paying taxes on income they are not receiving. and also those individuals. laura: blame the president. this guy guy has been in office for four years now.
influence that they had before. but they are certainly are necessary to come to some sort of deal here if we re going to get anything done before january 1. i think the bottom line is this: we do not have a short-term deficit crisis. i agree with katrina on that point. we have a revenue problem. and a growth problem. we have millions of americans out of work. that. laura: zerlina, you have to be better at math than that. i m very good at math, actually. laura: 90% tax rate on the upper income level on the united states is a drop in the bucket. that is not what i said, laura. that s not what i said. laura: you said we have a revenue problem. we have a jobs problem. . no because millions of people are out of work and they are not paying taxes on income they are not receiving. and also those individuals. laura: blame the president. this guy guy has been in
before. but they are certainly are necessary to come to some sort of deal here if we re going to get anything done before january 1. i think the bottom line is this: we do not have a short-term deficit crisis. i agree with katrina on that point. we have a revenue problem. and a growth problem. we have millions of americans out of work. that. laura: zerlina, you have to be better at math than that. i m very good at math, actually. laura: 90% tax rate on the upper income level on the united states is a drop in the bucket. that is not what i said, laura. that s not what i said. laura: you said we have a revenue problem. we have a jobs problem. . no because millions of people are out of work and they are not paying taxes on income they are not receiving. and also those individuals. laura: blame the president. this guy guy has been in office for four years now.
it s the current budget deal that forces us over the cliff january 2nd is going to cause a recession and all sorts of economic calamity in the united states. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what we re really concerned about is you re not cutting the budget enough. right now moody s is saying oh, my gosh, you re going to be cutting the budget too much, you re going to be raising the taxes too much. what everybody has got to real yiesz is take a deep breath and understand what we want at the end is a budget deal that is not a republican deal that basically gives all the tax breaks to the wealthy and at at same time cuts all the programs that most americans depend on and simultaneously acknowledges that right now, although the budget deficit is a problem in the future, it s not a problem right now. we ve got a jobs problem, a growth problem in this country. it s not a budget defici
states. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what we re really concerned about is you re not cutting the budget enough. right now moody s is saying oh, my gosh, you re going to be cutting the budget too much, you re going to be raising the taxes too much. what everybody has got to real yiesz is take a deep breath and understand what we want at the end is a budget deal that is not a republican deal that basically gives all the tax breaks to the wealthy and at at same time cuts all the programs that most americans depend on and simultaneously acknowledges that right now, although the budget deficit is a problem in the future, it s not a problem right now. we ve got a jobs problem, a growth problem in this country. it s not a budget deficit problem. we can borrow from international markets right now at the cheapest rates we ve been able to borrow. that s not a budget deficit