won t take care of your long-term debt. that is 12%, 13% of the budget. we have to reformed medicare and medicaid and social security. defense is in there as well. if you do all of those things, not only do you take care of long-term debt and if you do it with a long enough lead time you can do it without hurting people 54, 55, 56. one thing. yes, it s important to reform medicare and medicaid. as part of a reform of medical care in america, i would not have voted for something which puts some constraints on medicare and medicaid and left the rest of the medical center unprotected. so had had to be reform of the medical care system the single biggest thing. that is our greatest challenge. former congressman barney frank, thank you so much. great to see you and thanks for being a piece of strategic vision to the table. thank you. on tomorrow s show reverend
poor powerfully. he is called the unjust distribution in the world that cries out to the heavens. but other dimensions here. the vatican reform. the vatican is in enormous need of reform. i think a lot of people across, you know, left and right, if those lines are appropriate, believe that the vatican needs reform. i ve heard two completely different lines of thought on francis. one is that as an outsider, he may be the guy to do it. i ve also heard that he got some votes from cardinals inside the curiae because they dant think he was going they didn t think he was the guy to push that. lastly let chris talk about the scandal. the other thing is decentralization of church power. there has been steady centralization of that in the vatican. i know one in the church said it
global depreddings. if congress refuses to give the united states the ability to pay the bills on time. the consequences to the global economy could be catastrophic. last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. the i.r.s. is a nightmare. too costly and unfair. there is it something wrong when they have to hire a
the onion here. yes, our tax code needs reform. president obama put forward his plan for how he wanted the tax reform to happen from a place of fairness and cut taxes and get rid of tax and look at the motivation for not just coca-cola but the other businesses. their motivation is prost for themselves as executives and shareholders. we have been here before in 2004. and this is all of the businesses, if you allow the tax holiday and to bring our profits back in the united states, just a few years ago in be you of, this will spur jobs and grow the economy. 90 percent of that money that was brought back went to