who got hammered. not if you do it in a smart way and you make the tax code fair and smarter and leaner. that is it an oy moron. matt, do the republicans have a stronger hand because the president needs the debt ceiling to be raised to keep the government rating. or is the gop get the blame if the government shut down the same way gingrich and republicans got plamed in 1996. the republicans couldn t have a worse hand than on the bush tax cuts. the president could drag his feet and then come back to the table which is what happens deb. we have hit the expiration to the department of treasury and they are finagling to pay the
debt ceiling. his arguments is not sitting well with republicans. allowing country to put on more debt without tackling spending is down right dangerous. wend all joins us live from honolulu. what the president doesn t want is for republicans to demand spending cuts in exchange for raising the debt soleing. it appears that will happen. he said it must be raised to cover money that congress has already spent . he s defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn t take of loop holes and deductions. it is settled when they raised
today speaker bone bone is largely taking the blame as the president escapes it the target may get larger as the house takes up the second sandy bill. it is it a second installment and likely to be the subject of furious debate. the republicans contend it is it laden with pork. none of the pork is in new york, new jersey and connecticut. it is it far away as alaska. the bill con150 million for fishery repairs and many other projects unrelated to hurricane sandy. that is far short of what the governors of new york and new jersey wanted which is 80 billion. thank you so much. clashes on an island with ancient grevances and sparking
democrats, thigh liked the deal most republicans don t and among affiliated voters, 57 percent say not a good deal. one . things you looked at scott is whether or not the taxes will rise and how people feel about that. your poll took place after the deal was made. how about when they opened the first paycheck of january. deco - do you think it would change? it is eight out of 10 americans and 50 percent realized it it is a big problem. all of the rhetoric from washington and congressional leaders and president was they would make the deal to protect the middle class from tax hikes n you make 50,000 your taxing will go up a thousand . you will see that. most republicans and unaffiliated voters do recognize the taxes are going up . most democrats don t and they like the deal. they opened smaller paychecks
i have debt ceiling deal and sequestration and continued resolution extended. that creates a lot of obstacles for the big they have to come up with it and who has the leverage in the final situation? i am not sure the republicans win if the government shuts down, but it makes it more difficult for the president to get the dole he wants. but it fores the republicans to come to the table in ways they don t want. good to see you both and good discussion. take care. we are also just learning more about thousands of other new government regulations. the obama administration releases thousands of pages of proposed rules that impact the nation s economy. shannon green has the latest. by law, federal agencies