medicare by eight years and folks aren t buying i m going to take care of people currently on the system, we re going to change it forever for everybody else. so you know we have to do that. we have to do it as part of an overall budget deal. a $4 trillion deal. where we put everything on the table. if we want to get a deal, let s get an overall global deal that puts $4 trillion on the table that includes revenue raises. paul ryan $4 trillion is a drop in the bucket. before you saw ridiculous. where it s $4 trillion or $6 trillion to get a budget deal we have to have revenue-raising measures. you cannot implement paul ryan s plan while not allowing for any increases first of all, you know, the governor romney showed enormous courage when he picked paul ryan for just this reason because he s willing to engage that battle. we know we have a president who is just this week said you can t
to take it on. and instead of romney becoming more like ryan, the opposite has happened. you saw ryan in that clip talking about the details and that s not something we re seeing the campaign do on a regular basis. this is about more than paul ryan being booed by the aarp. this is about the american people not wanting to privatize medicare after they ve been paying into it paul ryan is make all the presentations he wants and lay out the fact. but the president did extend medicare by eight years and folks aren t buying i m going to take care of people currently on the system, we re going to change it forever for everybody else. so you know we have to do that. we have to do it as part of an overall budget deal. a $4 trillion deal. where we put everything on the table. if we want to get a deal, let s get an overall global deal that puts $4 trillion on the table that includes revenue raises. paul ryan
door neighbor, says it s taxpayers who are the ones getting buzzed in that event. he s not really. people say wait a minute. anyway, joining charles, we have gerry willis. we have charlie gasparino, always enjoy having him. charles, you find this a bit of a pain? yeah, i got to blindfold people to bring them to the house. no neil: that must be an event. realistically, you know, this stuff is egregious. there s no doubt about it. but from the super committee s point of view from the taxpayer point of view, this is low hanging fruit. i want them to really get to the real issues here and for me, that would be finding a way, you know, i know we re talking euphemism, revenue raises and all that, cut the taxes for people who earn money, cut taxes for corporations and cut spending. all this other stuff is shocking and it s fantastic, it grabs the headlines but it gets us further away from actually hammering together a deal and the clock is ticking.
9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea
can pass it in the next day or two and avert the first default on our national debt in history. i am worried about the size of defense cuts that may be contemplated, but that doesn t mean i m therefore rejecting the agreement. i m just worried. this is a head scratcher. stocks take a tumble after the debt relief rally that happened earlier this morning. the dow surged more than 120 points, but a weak manufacturing report, just sanction the market. stocks posting the worst weekly performance in more than a year in a debt stalemate last week. the dow is at 12:07. down 70 points. new reports of gunfire after what s described as a nationwide offensive against government protesters. sunday s clash killed more than 70 people in that country and at least 50 of them in the city. security forces were responding to armed groups who terrorized citizens by firing from the roof tops of buildings. that s according to government there. egyptian security forces shut down protests in ca