Questions as to whether or not the military is achieving the stated objective. Theres no doubt a great deal of anxiety mongs the people here. Also in israel living under the direct threat of rocket fire. And there is the concern of how egypt will react. What is the word there on how they are reacting . Well, we already heard from egypts president and the foreign minister. They have condemned the emergency meeting in the arab league to explore popular options. Egypt says it will open the border with gaza to completely allow all wounded and injured and anybody else who wants to get out. We are getting initial reports that the Prime Minister may be leading a high delegation visit tomorrow. That would be unprecedented given the security situation here. A ayman, thank you so much. Appreciate it. From the middle east to back home. Lets take a look at what is happening this hour. The president will land in new york city within the next 30 minutes, where he will tour the damage done by superst
Bowlessimpson proposal. Erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that its now up to negotiators to figure out where the middle ground is today. Bowles said that the mid point that i used back in this is where we were last year. So used the mid point of the negotiations, but its in longer the mid point i guess. He also said he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. He also said last night that you will see higher marginal tax rates. Higher marginal or effective . Higher mar begin ginal rates talking about last night. Thats part of the 500. He thinks as part of the compromise to get there, youll have to see the democrats get their way in terms of higher marginal tax rates. He also said that the republicans should be able to see higher entitlement cuts, that that should be part of this con
Good morning, everyone. Im randi kaye. It is 10 00 on the east coast, 7 00 a. M. On the west. We start in gaza this hour, as people there have to fear death from above. Israeli war planes have been relentless in their attacks on targets in gaza. They are hunting rocket launchers, but dozens of civilians have been killed as a result. The latest round of this conflict started wednesday, and there is no end in sight. Sarah sidener is in gaza city for us. What are you seeing at this hour . Are you hearing or seeing any air strikes . Reporter were hearing drones above, but just five minutes before we started this show, we saw rockets coming out of central gaza, literally a few hundred yards away from us. We could see the rockets going up into the air, and they were sort of white, and then they would disappear and they were pointed, of course, towards israel. Usually when that happens, you see that happening and then you hear the sound of planes above shortly after. And then usually that are
Morning, welcome, everybody, our starting point this morning, israel mobilizing thousands of troops for a possible fullscale ground war with hamas. Violence in the region intensifying overnight. The Palestinian Militants launched hundreds of rockets into israeli territory. Air raid sirens sounding in tel aviv. Thats the very first time thats happened since the gulf war. Israelis responded by pounding hundreds of terror sites as they call them in gaza with artillery fire. Ben wedeman reporting live now from jerusalem. We know, ben, that the israelis have called up 16,000 reservists. What exactly are they going to be doing . Well, what theyll be doing is heading down into the area around gaza. Very similar to what we saw in 2008, 2009, when they had a similar outbreak of violence between the two sides. We also know that theres a lot of heavy armor, lots of tanks being transported to the area around gaza, as well, for a possible ground incursion. But what we saw back in 20082009, was that
The revenue base is inadequate and have no way of getting to the specific spending reductions to hit their deficit targets of the plug the hole by rationing down Discretionary Spending in a way that is not what is the appropriate Revenue Target . If you look at the 2020 horizon and try to do the math, i think we need about 2 of gdp in additional revenue compared to current policy. That would come if we just allow all of the tax cuts, not just those of up to it pretty thousand dollars in income to expire. Not something we should do it immediately those of up to 250,000 in income to expire. Not something we should do it immediately. Beneath to we need to tackle entitlement as part of the package. When i get to the bidding cut out of the nondefense Discretionary Spending. In terms of the revenue, the key is broadening the tax base, bringing down the tax expenditures. There is a lot of revenue to be had in doing that. A plan that raised one put by of gdp without higher tax rates is feasibl