is there a chance it would pass and could that add a little bit more certainty in terms of what the corporations in this country are looking at causing them and perhaps causing them to hire more people? no, not at all. the cuts in the part of social security, fooling around with the cost of living index and you can make a case that is already lower than it should be. the idea that we have no inflation is perposterous and the president is throwing out there to make the republicans look like the bad guys and putting in new tax increases. the president got major tax increases on the so-called wealthy in january. what does that tell them in this country there may be more down the road. it is it a nonstarter for host of reasons in terms of dealing with entitlements and creating confidence.
something today that nobody had heard of yesterday and that the chain cpi, this new way of calculating entitlement benefits. republicans are insisting that it be included and it is at the last minute. that is what i am referring to this request that you make changes in social security, a demand come into these negotiations at the last minute. the conversation that the president proposed $1.2 trillion in revenue for higher income individuals. a match in cuts. the president in a very controversial move as he indicated this morning said he would be willing to look at the cost of living index. it is part of a larger deal with higher income individuals are going to share some of the burden. republicans want folks on social security and folks on medicare
i m up to $400,000. we all knew he d go up to $500,000, maybe even $600,000 as a bottom limit. he has moved. no one s supposed to like the outcome on the either side. they re supposed to agree. that s the real challenge. and i will tell you, democrats, progressives, are up in arms about him hiking up to $400,000 knowing it s going to get up to at least $500,000, and also the cost of living index adjustments that enrages. do you know, that takes in the next decade, which is the crushing decade for medicare and medicaid, $1 trillion out of the pockets of medicare recipients. so that ain t nothing. the republican party needs to understand boehner s moved on taxes. boehner s moved on taxes. and this is an indoctrinated principle with these people. and what s so weird, until 10:00 last night, i was talking to people in the white house and on the hill about this.
we can talk and everybody can talk all day long. until you get 218 in the house. until you get numbers in the senate, you are nowhere. you have to put the caucus numbers together. the only way to possibly get the numbers in the house by hiking rates, let s say to 37, would be if you got something substantial and real on entitlements. if you are going to beat promise where is the signal and light at the end of the tunnel that is going to happen? no one said one thing obama side? yeah. if he holds out, i think it will not. nothing in the house will go over a cliff. if he holds out and offering nothing on intending and entitlement have you heard anything on entitlement? sure, what we talk about. changing the cost of living index and the other is bumping up age of the eligibility on
university sports program. a coach is faced on leave and we will hear from a friend of the accuser. it s called 821. you probably haven t heard about it. a united nations development program has become a code word for conservatives and newt gingrich is taking full advantage. i m wolf blitzer. you re in the situation room. first, herman cain. he certainly has become the first of the 2012 republican presidential candidates to get protection from the secret service. there are some questions about the timing and reasons why. herman cain himself is due to meet with reporters live this hour. we will hear the q&a. we will go to joe johns looking into this story. what do we know? reporter: cain is the first to get this protection but not going to be the last. we all know that. frankly it is to be expected, doing well in the polls and qualifies as a major candidate. when and why certain presidential candidates get secret service protection may seem like a big mystery. it s n