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Meanwhile the White House today and warning that uncertainty over the fiscal -- tax hikes could keep holiday shoppers from spending period Donald dot com news editor Katie -- says.
President instead of boarding figures try looking in America and do something about it's a good point dating but right now the onus is being put on Republicans.
To make concessions on revenues I can understand of elections have consequences.
But part of those consequences were both sides giving a little I see it only one way thus look.
I had I would have to agree with you and we're looking at the White House coming out today with these economic numbers essentially.
Warning the country that the middle class might not go out and spend on holiday gifts or maybe some do you believe that then you -- I hate I have I didn't.
I doubt I'm -- okay you know Black Friday dropped into our Thermo nuclear reactors.
To stop my wife and I I I don't mind I and I do not buy back.
I don't buy that either but what they're doing here is -- -- group and they're looking at -- you notice at the White House's.
-- -- the middle class which means they're trying to use the middle class argument which they use to get -- -- reelected to get a fiscal deal done quickly.
And what by what I mean by that is the White House's focus on the middle class -- they call their senators call their Republican House members collar democratic house arms and tell them look.
Audience certainty is killing me I don't wanna go to these stores but with -- -- -- is failing to mention.
Is that this tax hike with the fiscal -- federal will occur on January 1 President Obama wants tax hikes on those making more than 200 -- -- -- -- here.
We'll affect the middle class in the sense that their job creators will no longer we have the money to pay them because -- be paying more in tax.
Well I added that we're past that I'm in a train has left that spending states and unfortunate I could be -- -- eminent.
I think it's a given those rates are gonna go up we don't know how much well I should say that taxes are gonna governor to I don't know how much.
But leaving that aside.
How do you make the argument that.
A deal by the ended a year even if it's a bad deal.
Is better than no deal.
If the ratings agencies pounce on a crappy deal let's say it's disproportionately.
Weighted toward tax -- Not even addressing spending cuts.
Wouldn't -- credit agencies seize on that and downgrade as -- the same bad deal.
Well absolutely -- -- that without the debt ceiling last summer we -- them raise the debt ceiling and we saw our credit rating.
Go down and and if you on talk about backing of the White House taps Tim Geithner today the Treasury Secretary to head these fiscal talks even though -- is the one who.
-- that we should have an incident debt ceiling and got that the bad debt deal last year and we got downgraded anyway and so you're absolutely right about the fact that these credit agency is.
If it's a bad deal which it's probably going to be considering we we really have no child left actually talk about entitlement spending entitlement reform.
And then -- can you had a word from the -- -- of the White House that for the time being at least -- means to me may be forever at least Social Security is on the table so.
Write a pretty big one.
Right at and it that's off the table than what is on that's it.
Well that's a big question and even if they -- entitlement reform.
You know quote on the table look at that the problem is they're not going to be able to do entitlement reform in sixty days to -- it's -- just and possible -- might get the promise.
Of entitlement reform but that we're back to the George W.
Bush era where he had also lot of promise in debt entitlement reform and an ever happen you have raised taxes RS the bride raise taxes -- -- -- -- All right TD great see you again thank you've ever I see it thanks now we you know they.
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