to a trillion dollars but at same time it s raising revenue by closing loopholes and getting rid of subsidies it s low, the margin s individual income tax players to 23%. it s low aring the corporate rate to 22%. that s going to create jobs. that s going to get small businesses to hire and it s not a narrow band of conservative republicans holding the american people hostage. it s the president s bipartisan report that he threw in the waste basket when he came out so the let me ask you-ish wait a second. it s not a bipartisan report. it wasn t ratified. needed 14 votes, never got it. it s two men s report. six senators, three democrats, three republicans. no, no. stick to politics. hang on sam, hang on a second. what the governor is asserting, right or wrong, is if you go in and cut tax rates while simultaneously reforms entitlements while simultaneously cutting defense, while simultaneously cutting
deficit reduction can occur through spending cuts alone. they seem to be holding rest of america hostage and that s going on in congress at the moment. an absolute disgrace and betrayal of the american people. what sam was saying, governor, there s this sort of framework that comes up, either talk about the debt or talk about job. we all know the decline in jobs create as decline in revenue which then creates more debt. your view on reconcile be job creation and revenue creation with job cutting? the joint about jobs being a critical priority for this country is absolutely right, and you don t create jobs in the private sector by raising the taxes on small businesses, by raising the marginal income tax rate or boy not dealing with the deficit. they re very much interrelated. how do you match? senator coburn take a look how you match the two. respectfully you re wrong, about
something as when you talk about cutting social security nobody has a over here? it s a very create everybody ideverybody creative idea. august 2nd, may be coming, have you checked the bond market lately? it s going crazy. flight to safety. until you have a real default, which may be coming august 2eneden, talk of restructuring it s prima sure. premature and admitting that the u.s. can t pay its debts, as if it were gm is, you know gm looks good now, too, but it s after it shed billions and billions of liabilities. i agree with sam. america is paying its debts right now, governor. of course it is. but doing from the least politically represented people. it s paying its debts by taking away the smallest amount of assistance for its poorest people. it s paying its debts by seeking to restructure things like medicare and social security. it s paying its debts through the 20% unemployment created in the housing in the employment
is what the american people want and deserve. the most interesting poll, 80% of americans want republicans and democrats to work together, to talk the problems through. only one in five americans think deficit reduction can occur through spending cuts alone. they seem to be holding rest of america hostage and that s going on in congress at the moment. an absolute disgrace and betrayal of the american people. what sam was saying, governor, there s this sort of framework that comes up, either talk about the debt or talk about job. we all know the decline in jobs create as decline in revenue which then creates more debt. your view on reconcile be job creation and revenue creation with job cutting? the joint about jobs being a critical priority for this country is absolutely right, and you don t create jobs in the private sector by raising the taxes on small businesses, by raising the marginal income tax
it s an intellectually hon aeftened informable conservative point of view and i want to bring in another conservative i have a tremendousality of respect for, former new york governor george pataki. governor, a plesh e to see you. nice being with you. your thoughts on his representation of a conservative view xwa. without having seen any of the details of the plan, senator coburn deserves tremendous credit, because what he s talking about is absolutely right. we can t fiddle around the edges as we drive out of a cliff. we have to be serious about it and it has to be high trillions to get this deficit under control, and it has to be across the board. you can t have sacred cows because of any political constituency you can t touch, and senator coburn appears to have done that, and i join with you in giving him tremendous credit, and i hope this isn t dismiss. i hope people take a serious look at 2 and say, yes, we can do, if not all of it, a major part of it. you can t touch soci