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Please know that it is a tax and it s going to raise your taxes. then they re going to push the economic argument in terms of being a tax. a debate we ll have until november 6th. let me ask you about defense spending and cuts. leon panetta about a month ago said these automatic cuts, this was designed to be a meat tax. a disaster. and sort of a warning and imptous to get both parties in congress to look at this and take this seriously. what sense are you getting on the hill about defense cuts an s those cuts? they don t want to go there. the only people that want to go there are the dennis kuciniches of the democratic party. here is the issue. leon panetta saying this would decimate or defense capability, but number two, and this is ....
he s the president. come on out to the lawn of the white house with a microphone and tell us your plan on entitlement reform. and he won t do it because he doesn t have the courage to do it. i m candy crowley. and this is state of the union. late into the night, leaders scrambled for a last-minute debt deal, a two-step plan that would raise the debt ceiling through 2011 in exchange for about a trillion dollars in spending cuts. both sides are on board. but the hang-up is a second increase that will be needed in 2012. before that happens republicans want a special commission to outline future reductions. a no-go at the white house. i spoke with treasury secretary tim geithner earlier. thank you so much for joining us. nice to see you. you heard the two-tier plan coming from the republicans. let me have the white house take on it. let me tell you what we re trying to do, okay? the most important thing is we remove threat of default from the country for the n ....