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About a billion dollars in revenue to the treasury. our deficit this year is projected under obama to be $1,300 billion. it would be $1,239 billion if this was collected. it would make things a whole lot worse because it directly hits the people we re expecting to create new jobs. when the president talks about fairness, you know, it s just not fair that warren buffet should pay less than his secretary. when he talks fair, it really motivates his base and there s a new poll out by a democrat moderate think tank called third way that shows that the president s message may be actually missing the mark. the swing state independents, what they re looking for is they don t want to hear about fairness because they think america is already fair enough. what they want to hear is they want to hear about opportunities out there, the chance to make it in this country. ....
Populist message again that seems to be working with some groups. is it working with every group? it s called the buffet rule. this goes back to warren buffet, the billionaire and the argument he should pay the same tax rate as his secretary. the problem is that you need to tell all the details in this explanation of the buffet rule to get a full understanding. i think what the obama administration is banking on is that the average american will not do the research and dig a little deeper to find out what the true tax rates really are. senator kyle says, look, when you do the numbers, wouldn t even work. here s the senator with greta last night. do the math. this year, 2012, it would raise about a billion dollars in revenue to the treasury. our deficit this year is projected under obama to be $1,300 billion, well it would be $1 trillion $329 billion if this tax revenue is collected so it doesn t do anything to help the real problems that america faces ....
Of as the president announced before he went off on what his third vacation in three weeks i wish the rest of america could take that much time off. but the president s idea that a little tax cut here a little rhetoric there is going to fix this. that s not going to work ask the american people as reflected in his popularity polls are rejecting not only his policies but the democrats. one last point. the deficit s $1.34 trillion. the last time the republicans controlled congress, 2006, the deficit was $160 billion so it s gone from $160 billion under four years of nancy pelosi to $1,300 billion. that s really a hemorrhaging of money. shannon: we know there s a lot of criticism on both sides of the ils for spending in washington. time to dial it babb it back for everyone up there. hugh, great to see you today. thank you good to be here. when a state trooper dies on the road a cross on the side of the road seems like least you can do far tribute. federal court says it s big deal an ....