obama projects in 2011, with the recession over, it s going to be over 25 percent. and it s not two wars. we had two wars then, two wars now, and that 25 percent, you know, that s what the bush tax cuts repealed. the decifit will be 1.3 trillion, versus 161 billion. you know, let s put those two budgets side by side and say what are the american people really getting for another, you know, $750 billion. and the answer is not much. jon: all right. i think we ought to go back to the 2007 budget. jon: simon, here s a question for you. from joe in amity harbor, new york, with all the talk about the bush tax cuts, who s paying for them now? well, you know, i think this is as i said earlier, this is going to be one of the great debates in the next few months. right now there s not a single republican running for office anywhere in the country who hasn t plan has a plan to reduce the decifit over the next ten years because if you put in the bush tax cuts you won t
you know, there s a lot of family businesses, a husband and wife, running a luncheonette in new york city that maybe have a million, $1 million invested, if they re earning 15 percent on that investment, plus working 12 hours a day, both of them, five days a week, two, 60-hour weeks, you can easily see them having an income of $350,000 a year. making them wealthy? it s absurd. but to give you an idea how far it reaches, you know those schedule c s that self-employed people file? raising the taxes for people over 250 would tax 50 percent of the profits that are reported on schedule c s, and otherwise earned by small businesses. that threshold is absurd and it s one of the reasons that president obama, just took such a shellac. jon: a question from jon in bethlehem, pennsylvania, he says i hear all about creating new jobs but it seems to me that the job they re talking about are either construction, shovel ready or at best, labor related. where are the jobs for
among the other items on the agenda for the gop will they pursue things like clean coal technology and nuclear power plants for the future. i hope so. america definitely needs a national energy policy, both for energy reasons, for cost reasons, for manufacturing, for all kinds of reasons, but not the least of which would be national security. coal is one of the we re one of the countries that has the most coal and there s no reason we shouldn t use our own natural resores and nuclear power and that would lessen our dependence on foreign oil. pat our next question for rick tyler and simon rosenberg from love knot, a 68-year-old senior, she hassy has an income of less than $40,000 per year, or he, the economy is my first concern, the economy, second, i m willing to have my social security reduced by 20-$25 to do something about the huge decifit. what are the new republicans and democrats in the government willing to cut in
hollywood will do well. notice they raised their prices during a recession. another area that will likely do well in the entertainment business is major league baseball, because it s not all that expensive relative to other forms of live entertainment business. so those are some areas that will do well. higher education always does well in a downturn, people go back to school, they get masters degrees. patti ann: we have a question from t. napper, will the new congress seek to prosecute those on wall street who perpetrated the housing fraud? i would be surprised if that was one of the things the republicans did. if the democrats didn t do it in the last two years, i d be surprised to see the republican party taking it up. but certainly i think one of the big challenges that both parties face is the housing market is not where we needed it to be, what kind of polices can the federal government enact to keep people in their homes. that s going to be one of the big challenges for repub
question of degree, guys. you can arrest them, you can convict them, give them the death penalty, do all of that but you just can t go out and kill him sight unseen. wait, this guy was responsible is alleged to have been responsible and involved in the christmas day bombing which could have blown up an airliner over detroit. he was responsible for two bombs on phra eups that they intended to detonate. you want to look a family in the eye whose children were killed in the airplane because we didn t no what this guy did was imminent enough to shoot him? i m not sure the link is clearly established between the conduct and him. that s what should be at the timed in court, that s all i m saying. patti ann: that is the question that will come up in this trial if it goes to trial is masterminding some of these terrorism aeu tabgts enough of an eupl interest in threat, being the one who is inciting and encouraging people to kill americans. that court hearing is at 2:00 eastern time.