of the future budget. and the super committee was set up to try to figure out if more should be done or how to rebalance that $1.2 trillion. so no matter what happens there s a cut, a deficit reduction of $1.2 trillion. now on our side, we wanted to do big, bold and balanced. that is try to go and use the super committee to solve this problem going forward with the $4 trillion package of cuts and taxes. that s not going to happen. so going forward, yes, the deficit is being dealt with. across-the-board cuts are going to be very difficult but we have one year until next january to solve this problem. next january, 2013. so it s not the end of the world. shannon: i want to bring in congressman sweirat today, one of the main problems is fact that the republicans will not give up the bush tax cuts that benefit the highest earners in this country. we ve got a poll that came out at the end of last week, and
children are protected to act. shannon: and while i have got you i have to ask your impression with what is playing out with the supercommittee. the deadline wednesday and report that s committee may be done, dead locked beyond repair at this point? well, that would be unfortunate. some of us have been advocates of not only hitting the $1.2 trillion mark but to actually have a much bigger $4 trillion mark and we believe that making ultimately decisions that are balanced that include spending cuts entitlement changes and revenue to that larger tune would put the path on to greater economic recovery, create confidence and help build our economy so i m still hoping that at least they will hit the $1.2 trillion cut. if not, we have the sequestration cuts and it never makes sense to cut across the board instead of to cut intelligently and to find revenue intelligently. shannon: sir, we thank you for your time. we will follow your legislative
you re looking at pictures of the actress. sergeant moore just returned from afghanistan. you may remember, he asked her to accompany him to the ball via you tube back in july. he says friends with benefits co-star justin timberlake attended the ball last week. his date also used you tube to reach out to him. class act. well, the countdown is on for the super committee and what will start if they don t reach an agreement. up up next, a fair and balanced debate. a chase to the sprint cup comes to an end today. two very important folks from washington will be there with an important message. find out who they are next. driving in snow. get the jeep grand cherokee. it has a selec- terrain snow setting. so it can grip snow covered roads. and if you do like driving in snow. get the jeep grand cherokee. it has a selec- terrain snow setting.
elementary told a principal that during p.e., two 12-year-old girls were talking about which boy they likedetter. one of them kissed the boy she had been talking about. the school reported it as a possible sex crime. they went ahead and took a report and documented this because we don t know at this point whether or not there is a bigger picture that somebody needs to be looking at. shannon: sheriff s office says the girl could be charged with simple battery but the boy apparently didn t mind being kissed and is not pressing charges. well, it may just have the 12 toughest jobs in america right now. the super committee just hours away from a deadline to post its deficit reduction plan with two of those members told chris wallace about the actual chances of reaching a deal and what happens if they fail and it was a giant oops on a very big stage. g.o.p. hopeful rick perry s debate stumbled and his wife who has been by his side the entire time. after he struggled to remember the age
financially and a very negative reaction politically. shannon: and speaking of the financial reaction, you had mark zandi on today, a respected economist and he s worked for republicans and democrats in providing them relevant information. you asked him today about what can happen with the markets and with a possible credit downgrade. interesting because he said the markets have kind of factored in failure on the part of the super committee and he doesn t think if they announce tomorrow or wednesday we failed, particularly given the fact there s still the trillion dollars in automatic cuts, he doesn t think there s going to be a big negative. where he does think there will be is because there have been some thought that the super committee would deal with are we going to extend unemployment benefits? are we going to extend the payroll tax cut? and if you don t do that, then the economy loses a lot of stimulus at the end of the year when both of those expire and he thinks that could