tv FOX News Sunday With Chris Wallace FOX News October 17, 2011 1:00am-2:00am PDT
and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. washington. coming up next, "fox news captioned by closed captioning services, inc. >> chris: i'm chris wallace. there may be more jobs plans than actual jobs coming out of a divided washington these days. can all sides agree on anything to help get america back to work? we'll ask a top republican many democrats blame for blocking their ideas. house majority leader eric cantor in a "fox news sunday" exclusive. then, iran's alleged plot to kill a saudi diplomat here in washington. how should the u.s. respond? is military action likely? we'll discuss what happens now with the chairman of the senate intelligence committee, diane feinstein. plus, 2012 politics. herman cain soars. mitt romney holds steady. rick perry stumbles.
we'll ask our sunday panel where we stand in the gop presidential race. and our power player of the week holds the keys to our national treasures. all right now on "fox news sunday." and hello again from fox news in washington. with the economy stalled and washington deadlocked we begin today with whether our government will do anything to help get americans back to work. joining us now, house majority leader eric can't are one of the key figures pushing the republican agenda and congressman cantor, welcome back to "fox news sunday." >> good to be here is, chris. >> president obama and the democrats are portraying you these days as the face of republican obstructionism repeatedly, calling you out by name. >> i would like mr. can'ter to come down here to class and explain what exactly in the jobs bill does he not believe in. what exactly is he opposed to?
>> chris: we'll get into the question of what you oppose in the obama jobs bill and what you support in a moment. speaking generally, how do you feel about being the new political villain according to the democrats? >> well, you know, i guess a lot of the folks on the other side of the aisle want to boil this down to personality and it is really not about that. the differences that we have with this president are are policy based and we know in this town, chris, there is a lot of differences right now and i think the people this oftry want to see us try and set aside the differences and come together on the things we can agree on. we agree that the economy is woefully weak. we agree there is too much income disparity in this country. we believe that everyone ought to be lifted up and we ought to be working on the policies that help that happen which is to focus on small businesses and that is what we are trying to do going forward. >> chris: break it down and
talk specifics. look at the president's jobs plan which was blocked in the senate this week. here it is. 245 billion north dakota tax cuts and incentives. $140 billion in new spending on infrastructure and aid to states. 62 billion north dakota aid to the unemployed. question -- $62 billion in aid to the unemployed. >> the plan was met with a lot of resistance on both sides of the ail frankly when the president unveiled it in september. when the president spoke i said let's stop the all or nothing approach. we will not be for tax increases on small businesses, he knows that. the senate just killed the bill this week. we have said since the beginning. when the president has come to my district i said again and again, mr. president, we want to work with you. we have got our plan here. this is a plan for america's job creators. we have 12 bills sitting over in the senate that they are things that the president says he believes in. let's work together and find the things in his plan that we
agree with and let's go ahead and do that for the american people. >> chris: we'll get to the republican plan and i agree there is a plan and we will get to that in a moment. but you you say that there are parts of the obama plan that you can support. like what? >> well, i mean this week was indicative of how we can come together. we passed three big trade bills that have been over five years in the making. we have a 3% withholding bill that we are going to bring up in another week to help small business in the way they conduct their businesses with any government. we also have bills coming forward, the president says he supports, to help small businesses access financing and capital so they can begin to grow and create jobs. the president talks a lot about the need for unemployment insurance reform. we had 245 in our plan, chris, since two years ago. when we were in the minority, leader boehner and i went to the president and presented him with a no cost jobs plan. we said we can could these things, let's work together and set aside the all or nothing
approach that the president continues to go out across the country and campaign about. >> chris: let's talk about the big parts of the obama plan. $100 billion in new spending on roads, bridges and schools. for it or against it? >> we believe there is a need for infrastructure spending in the country, absolutely. what you have got to look at is the president has gone across the country and found bridges and roads where he says see, this is why we need spending and i think what that does is remind people that the stimulus bill that he created and passed didn't address the problems. there is a reason. because the process of approvals is so weighed down and the bureaucratic red tape so thick you can't get the money to the jobs. we said let's reform the system and redo the permitting process to get the shovel ready jobs that he speaks about the money that they need. so absolutely. >> chris: if you could get the repermitting and taking some of the red tape and cutting it would you go for the $100 billion in infrastructure
new spending? >> what we want to see is we want to see the state set asides done away with right now. when states have money they come from the federal programs, they are required to set aside 10% of those funds for projects that really are not priority. bike paths and others that are nice things but frankly right now the infrastructure of the country needs to be dealt with. it is about reform, chris. yes, we are for infrastructure spending but it bas is about reforming the system. >> chris: what about $35 billion for states so they don't have to lay off teachers, police, firefighters. >> here we go again. this is the type of moneys and these are the type of programs that the president advocated in the stimulus program. i think the country understands washington doesn't create jobs. we believe in private enterprise. we believe the way you get the economy going again is to focus on the businesses of this country every one of which started with an entrepreneur
making a decision to invest time and money and create jobs and create an ongoing concern. we need that kind of activity. that is priority right now. we saw what happened with the stimulus money. much went to the states and you know what happened, it sustained some jobs for about a year and then the states were faced with billions of dollars in debt once the year was over with. >> chris: i get the sense and forgive me if i'm wrong i don't want to put words in your mouth. you don't want to be portrayed alps an obstructionist but basically you oppose the obama plan. the senate plan would be for millionaires and billionaires. some of small businesses. talking about people making over a million dollars a year. >> when i spoke to a small business woman in my hometown of richmond, and she told me, you know, it is hard for me to
conduct business right now and she said why are you talking about raising taxes in washington because i want to be one of those successful business people she said. she said why is it that you want to go in and take away the kind of hope that i have to be successful. we know this this country right now there is a complaint about folks at the top end of the income scales that they make too much and too much don't make enough. we need to encourage those at the top of the income scale to put their money to work to create more jobs so we can see a closing of the gap. we are about income mobility and that is what we should be focused on to take care of the income disparity in this country. >> let's talk, i know you brought it here. the president has repeatedly said republicans don't have an economic plan. in fact, you have got it right there. the house introduced a jobs plan last may. let's break it down. review and roll back costly
regulations. cut the top corporate and individual tax rate to 25%. cut trillions in spending. why is that a better way to create jobs? >> well, we have seen that the other way doesn't work. we have seen the stimulus bill that the president put forward in the beginning of his term. i think certainly did not reach the promises that he made. there is soo many people unemployed in this country. we believe in private enterprise. we believe in small business. our job creators agenda is just that. we want the president to work with us. we want him to stop the campaigning. let's go find the things that are in common between this plan and his. and in fact, chris, i think you will see us within the next month we will take portions of this plan that match up with his, put them across the floor to help small businesses. >> chris: here is the issue. the president points out that moody analytics, one of the top economic consulting firms scored his plan, figured what impact it would have and says
it would add 1.9 million jobs next year and grow the city by an additional 2%. and he issued this challenge. listen. >> show us the republican jobs plan that independent economists would indicate would actually put people back to work. i haven't yet seen it. >> chris: congressman cantor, do you have an independent analysis that shows how this plan would grow the economy and add jobs? >> first of all, i would say as to the moody's economists that the president speaks to they and their chief economist was the one that predicted that the stimulus program would keep unemployment from rising above 8%. i think we need to raise some questions about -- >> chris: in fairness, first of all, he was an economic advisor to john mccain in 2008, mark zandi and a lot of the private economic firms say whether it is 1% or 2% growth, a million jobs, 2 million jobs, that it would have some stimulative
effect. do you have independent scoring of what your plan does? >> we put forward a plan at the beginning of the year, our budget, okay. and we had independent congressional budget office scoring which did several things. talked about the fact that our plan actually dealt with the one crisis bringing down the debt and deficit over $6 trillion. and it did talk about the ability for our plan to grow new jobs, yes. so we have got that kind of analysis. >> chris: but you don't on this jobs plan? >> what this jobs plan is taking pieces of our overall vision for this country and saying you know what, we have got to provid provide incentivr the private sector to grow. look at the facts, chris. since the president has taken office there has been 1.6 million jobs lost in the private sector net. we have also seen the fact that 7.5 million foreclosures during this president's term. obviously his economic plans are not working.
that is why we are trying to say we have got to change directions here. we have to focus on private enterprise and small business. we have to get the entrepreneurs back in the game that is what our plan does. >> let me point out what mark zandi and you raised legitimate questions about him because like most analysts, he is not always right. here is what he says about your proposals. generally good longer term economic policy but won't mean much for the economy and job market in the next year. >> there is a lot of dispute about mark zandi and his predictions because of the results of the stimulus plan that he lauded. >> chris: the argument is that if you don't have a lot of immediate spending and look, are i agree, it didn't work well in stimulus one but the argument is if you don't have some spending and some immediate tax relief, that you are not going stimulate jobs in
the short-term. >> that the kind of cutting back regulations and lowering taxes is really good long-term economics but might not give a short-term boost to the economy. >> we believe the best way is to provide incentives for investment to create jobs. we are for tax relief for small business and we believe and agree with the president that business expensing is something that we can provide entrepreneurs right now and you will see us bring a bill forward. hopefully the president agree to work with us. he is actually talking about joining us in the in create jobsmental approaches rather than the all or nothing plan that died. >> chris: just a little over a month, november 23 is the deadline for the supercommittee to come up with 1.2 trillion in deficit reduction. do you think they will work out a deal and avoid the automatic triggers that will include $600 billion in more pentagon cuts.
>> i do think that the joint select committee is going to be successful in reaching the goal of getting at least $1.2 trillion in cuts and in fact, chris, i served on the biden discussions and so the vice president's credit it that was committee that produced a blueprint that i think can form the basis to getting to the cuts. >> chris: you are confident the supercommittee can make a deal? >> we can't fail. there has to be success and outcome here. >> chris: i want to talk you back to your remarks a week ago about occupy wall street. here they are. >> iowa fo i for one am increasingly concerned about the growing mobs occupying wall street and the other cities across the country. >> chris: congressman, do you stand by that comment about mobs? and what do you think of the effort by the obama white house and the democrats to try to harness the energy, the movement here as part of their reelection effort?
>> chris, i think more important than my use of that word is the fact that there is growing frustration out there across this country and it is warranted. too many people are out of work. but where i'm most concerned is we have elected leaders in this town who, frankly, are joining in an effort to blame others rather than focusing on the policies that have brought about the current situation. i mean when you hear some of the democratic elected leaders joining in blaming parts of our economy and society versus let's take some of the credit or blame here in washington, i mean these are policies that they put into place and there is a lot that can be done here in this town to turn the economy around and promote again incomability not go in and excoriate some who have been successful. we want success for everybody. >> chris: congressman cantor, thank you for coming in today
>> chris: it was stunning news this week, elements of the iranian government planned to assassinate the saudi ambassador here in washington. joining us to discuss the alleged plot and how the u.s. should respond is the chairman of the senate intelligence committee, diane feinstein. welcome back to "fox news sunday." >> thank you, chris. >> chris: you were saying just before we went on the air, people still don't believe this. persuade them that this was
real and answer two questions for me. how high up in the iranian government did this go and what does it tell you about what was going none tehran right now? >> i was first briefed in the beginning of september. it sounded doubtful because of the cast of characters and the operative was the department 400, part of the iranian revolutionary guard, the elite unit that really is sent out by iran into various areas that finances terrorism et cetera. and i didn't believe it either. but as it turned out, it is very real. and what it represented was a rather unique effort between our drug enforcement administration, fbi, cia, a kind of coming together of agencies to collect intelligence both human and signals intelligence. >> chris: what is the single most compelling evidence that this is real? >> let me just finish.
the case is dead bank i think. i think some of the signals is the most compelling and secondly batiar himself. >> chris: the iranian used car salesman. >> that's right. in answers to his questions essentially fessed up, essentially admitted it was real. and money was transferred. and so it's real all right. >> chris: how high up in the government does it go and what does it tell you about what is going on in that government. >> the four kuds force officials sanctioned by the treasury department include solamani who is head of the force. he is known as a very careful manager. reported to be very close to the supreme leader. there is no evidence that it reached the supreme leader. there certainly -- >> chris: the supreme leader the ayatollah.
>> to cross to the other side of the world and try an attack in this country is an escalation and that is what concerns us and i think that is what concerns the saudis as well. >> chris: you say an escalation and you also say that we should be on alert for other plots in other countries. what do you know about that? >> well, this is no question that the force has been responsible for other operations going back to 1993 in buenos aires. and four days ago in iraq they carried out an operation or financialed on operation against our people in iraq. >> chris: do you think there are other ongoing plots in other countries? >> what i said was i think there well could be. i don't think this is just an isolated thing that suddenly they have never done have
these kind tion of things before. they have done these kinds of things before but this is a continue yum and escalation. >> so far the president is talking about tough versings. we looked at the history of that. the u.s. has issued 19 executive orders and passed 7 laws captioning iran. since 2006 the u.n. has passed five sets of sanctions. meananwhile despite all of tha, iran continues to pursue a nuclear program. continues to be as we see here a state sponsor of terrorism. do you believe that sanctions can work to change iran's behavior? >> i don't think the sanctions have been as complete as they should be. i wish they had sanctioned the central bank of iran and that would affect oil and maybe that is why they didn't do it. but that makes a big difference.
>> chris: is that what you would like to see now? >> yes. >> chris: and the argument is well, we could sanction the bank and the key there is obviously that we don't do business with the centralle bank but we would black list any foreign country or company that does business with the central bank. >> correct, correct. >> chris: can that work without china and russia being on board? >> that is another subject. and this is why the state department it sen sent out teao share evidence tortion shar, te intelligence to the extent they could with all of our allies and particularly with the security council of the u.n. we actually were briefed by one of the men that participated in the security council briefing. there should be no doubt, the evidence is very strong. the fbi believes the case is both strong and good and will result in a conviction. >> chris: but you would support sanctioning, black listing iran's central bank and any company around the world that
does business with them? >> absolutely. and for other reasons, too. this is just one part. iran is escalating, i believe, its nuclear development, iran is increasingly hostile. they have not ceased supporting hezbollah or hamas or participating in the bringing of missiles and rockets into lebanon through damascus. it is a very dangerous situation and my hope is that there can be some kind of discussion that can be convincing for the iranians to change course. absent that, at one time or another, if you project out a number of years we are on a collision course. if we want to avoid, it we have to take action to avoid it. >> chris: i want to talk to you about that. retired general jack keene who was one of the architects of our counter insurgency strategy in iraq and afghanistan says the u.s. should take military
action. here he is. >> i would start with targeting the force who has been using these proxies to conduct actions against us. i would conduct covert actions against them and espionage. that means kill them and take their bases away from them. >> chris: why not go after the kuds force? >> that is perhaps more difficult than it is said to be. i think this is a large operation. it is in the thousands. it is an elite branch. how you go after them, where do you -- how do you do it? i have never seen a plan to do it. it probably would escalate into a war and the question is do we want to go to war with iran at this time? my judgment is no, we have our hands full with iraq, with afghanistan, with the
deteriorating relationship with pakistan. our country should not be looking to go to war. i will think we he should be looking to stop bad behavior short of war. >> chris: i have a couple of minutes left and want to ask you about two other hot spots. friday afternoon president obama announced he is sending 100 u.s. is special forces as trainers and advisors in central africa to act as trainers against the central army who have created tremendous damage. do you support you said we have our hands full. do you support sending more u.s. troops into another conflict? >> we passed a resolution during the bush administration that urged that we respond to this brutality and president bush authorized advisors to go over. they were unarmed. the difference here is that these are still advisors, the 100. but they are armed and they are
cleared to act in self-defense. what is the lord's resistance army? it as brutal militia and it is in uganda, in the central african republic. it is in the congo and it moves through and it rapes and it pillages and it cuts people apart. >> chris: if i may because we are running out of time. why send troops there but we won't send troops to try to end the slaughter in syria? >> that is a good question. but i think this is -- i think there are two entirely different circumstances. one is a reaction as part of the arab spring. the other has been an ongoing move to essentially annihilate people. essentially really kill large numbers of people. and i think this is a small group, it is 100 people. they give military advice to the regional army that is in
the area. we'll see what happens. >> chris: finally, the obama administration is scaling back plans for how many troops we will keep in iraq at the end of 2011. fewer than thousand. perhapses a few hundred because we can't work out a deal with the iraqi government. your reaction? >> the status of forces agreement expires the end of this year. we need to have a new status of forces agreement or we are there essentially against the will of the government and i think we will not continue against the will of the government. >> chris: but are you troubled about the idea that we would basically be all out o? >> i'm troubled because i look at korea, the length of time it took to provide stability there or japan, the length of time it took to provide stability there and i think people are so anxious for our men and women to come home and i understand that. it is also important that the job is completed in a way that
provides the greatest chances for are stability for the country. i think that is a key goal for afghanistan as well as iraq. so i am hopeful that they will be able to quickly negotiate a stat status of forces agreement. absent that, yes, we will have to bring our people home. >> chris: senator feinstein we have to leave it there. thank you so much for talking with us and we will stay on top of all of these stories. >> thank you, chris, and happy birthday. >> chris: thank you for that. i have to say at my age it is not a cause of celebration. >> i understand. >> chris: coming up, the sunday panel on the republican presidential race. who is up, who is down, and who is just hanging in
the candidates. can y'all see that big bullseye on my back? >> chris: former frontrunner rick perry and current frontrunner herman cain both trying to make sense of the fast changing republican run for president. now, to our weekly group. let's start with herman cain who has soar to the top of the polls and whether you like is or not his 999 tax reform plan is getting all of the buzz, all of the attention. but jeff, as the one who goes throughout the most of all of us and actually goes into these, how real is his campaign? what kind of an organization has he got in the early states? how much time is he spending there? >> he doesn't have much of an organizationgy think herman cain is as surprised by this boomlet as any one. i spent a lot of time in iowa and new hampshire and we don't find herman cain there at all.
has not been in iowa since the day of the straw poll. not in south carolina or new hampshire. he is basically in tennessee. he in houston giving a speech. he is on a book tour. now, h his campaign is sort of reassessing things. he is hiring new people. they are trying to do what they can to take advantage of this moment. but he is very popular. throughout all of these debates i think and he has presented himself that he has a common sense approach. he's likeable. i think some people are advising him to come to iowa, come to new hampshire right now and it is possible to actually make something out of this. for now we'll see how he adapts to that. he is at this point not a serious candidate in the sense of, you know, being organized in places to actually win the iowa caucuses. >> chris: which raises the question, bill, is there a different model this year? i mean could it be that, you know, i mea i mean cain has sud
all of us with his popularity and ability to make an impact with the republican voters. possible to do it with debates and national appearances and debates and social media and don't have to spend a lot of time in these states? >> look, if you are on fox news or other networks, even, to a lesser degree, more people in iowa see you when you do a hit on fox news than when you show up in a living room in iowa. >> chris: what about the argument. >> at end of the day you have to show up. people want to see you. >> chris: the care and tending of these -- >> he is going to do that. he is speaking next saturday night at a big conservative dinner in iowa. changed the schedule to do that. not whether you can ought it all together is a question. but he has been shrewd so far. >> chris: let's turn to governor rick perry who as we
have noted has dropped like a stone in the polls from the 30s down into the teens. he announced a big plan on friday to boost domestic energy and said that would create over a million jobs. can he come back? >> sure. i think perry can come back. and i think i couldn't count him out entirely. i did feel like the energy plan -- he has been just consistently sort of tone deaf recently and there was something about putting forward an energy plan rather than a broader jobs plan that struck me as he has just been a little bit too much governor of texas and has got than criticism repeatedly that he doesn't seem to be speaking to a national audience in the way that other candidates have been and even the energy plan right away other candidates were criticizing him for essentially ripping off their plans. gingrich and bachmann came out right away. i was surprised in the last debate he didn't come forward with concrete economic proposals.
>> chris: this was debate purely about economics and he was sitting there saying i'm not going to give it to you. >> nobody is expecting verbal tex tarity. in thdexterity. >> it is surprising to me that he hasn't come up with something broader and more specific. >> chris: liz cheney let's talk about former massachusetts governor mitt romney. chris christie endorsed him. it seems with christie not getting in the race and perry fading at least temporarily much of the republican establishment has decided to back him, romney but you continue to see this disconnect where all of the insiders say he will he the inevitable nominee and not polls he can't get above 25-30%. how does he connect with the voters and persuade them you can trust me and i will be a good representative of this party as the nominee? >> i think the polls themselves at this point don't really mean
that much frankly. i think that governor romney has been very impress nerve the debates. i don't think you can say any one of the candidates frankly at this point has managed to consolidate support across the board. is fascinating is how important the debates have been. they have been very important in terms of governor romney's ability to lay out his plans and important because they have given a platform for people like cain and gingrich and santorum. number of folks on our side who benefited from them. i also think it is important and what you see in the rise of someone like cain is ideas and the fact that the voters are hungry. they are hungry for bold change and when herman cain has got his -9d 9 999 plan, surely peoe will shot at it and say it has got flaws. i think it is an interesting plan. shows the appearance site out there for somebody who is not obama and for somebody who will help to support the private
sector and in fact willing to propose radical change. >> chris: i want to get into one last thing in this segment and that is the third quarter fund raising efforts are out. perry and romney lead the field by a wide margin. the first number is what they received in the first quarter. can we go back or is that going create some huge problem? there you go. wow, we were able to do it. the first number is white is how much they received and the other is how much cash on hand as of the end of the month and romney and perry in the teens and the millions. a big dropoff. and now let's go to the last three, huntsman, gingrich and santorum running on fumes. huntsman and gingrich campaigns actually in debt. that actually overstates how much money they have. what do you read from the numbers, and could some of the candidates drop out before iowa and new hampshire. >> i think it is possible. the most important to take away from the numbers is rick perry is in the case to stay.
a serious candidate. for all our discussions about he didn't do well in the debates he will have money to prosecute the arguments in television ads. he is popular on the stump. people want to look him. his $15 million cash on hand is a very important number and that is one thing that scares the romney campaign. >> you were saying you feel because the debates have -- with the last debate for awhile exercise this coming tuesday we are entering a new face. >> i think we will see voters spent a couple of of months for absorbing all these things. absurd to think that rick perry is still not in this case. people want to like him and i think the next couple of months through october and in november we'll see a different rick perry. >> chris: with fewer debates and more campaign advertisements and appearances where you you can control your own messages. >> exactly. >> chris: we have to take a break up. up next, jobs, the supercommittee and the first crack at obama care.
we'll tackle it all when we come right back. [ male announcer ] you love the taste of 2% milk. but think about your heart. 2% has over half the saturated fat of whole milk. want to cut back on fat and not compromisen taste? try smart balance fat free milk. it's what you'd expect from the folks at smart balance.
>> chris: i'm urging members of congress to vote on putting hundreds of thousands of teachers back in the classroom. cops back on the streets. and firefighters back on the job. and if they vote no on that, they will have to tell you why. >> the president needs to come off the campaign trail and get to work. >> chris: president obama and house republican whip kevin mccarthy on the policy and politics of jump starting the economy. we are back with the panel. as we talked about, the obama jobs plan as a whole was blocked in the senate this week and the idea of democrats now is to break it up into smaller pieces and introduce them, you
heard this one about aid to the states to keep first responders and teachers on the payroll and let republicans block them and make an issue out of it. obviously isn't going to get anybody back to work, any actual people to get new jobs but is it smart politics for the democrats? >> most of my conservative friends think obama is fed lailing and it is ridiculous what he is trying to do. unless he is going to fire ben bernanke tomorrow and fix the ridiculous fed policy et cetera he is stuck with the policy so houset try to blame mouse republicans. at the end of the day, luckily for republicans, house republicans won't be on the ballot. it will be a presidential nominee who will not be a member of congress. romney, cain, gingrich, santorum, perry. they are not in congress now. a little hard i think for obama
to win reelection against a republican congress but given the alternatives i don't think it is entirely foolish to attack them and i do think it is important that the republican nominees make it a debate about the overall economy and about obama care for example than the narrow debate on particular who is cutting a little more here or voting for this jobs program there. >> chris: liz, what is your sense, does a significant, i'm not talking about individual little pieces but a significant jobs plan get passed by congress this year either through normal channels or at part of the supercommittee's work? >> i don't think so. it doesn't look good and even watching your interview cantor this morning they always now want to express their bipartisan willingness to come together but then he wasn't in favor of any of the specific provisions in obama's jobs bill that obama had specifically put in there to appeal to republicans. he didn't actually really offer support for any of them this morning. and the fundamental problem for
republicans of course, it is not that they necessarily disagree with some of the provisions like extending the payroll tax cut but it is how you pay for it. time and time again the problem that comes up in congress is republicans do not want to raise taxes under any circumstances and democrats are saying they want to pay for these things by raising taxes. the millionaire surtax which wasn't part of the original plan is also good politics because the republicans don't have an answer for that. >> chris: liz, let's talk about the supercommittee which as i was pointing out with eric cantor, the clock is ticking. started in august and now we are in mid october. they have a month, november 23 to come up with a deal, 1.2 trillion north dakota deficit reduction whether -- $.2 trillion in deficit reduction whether spending cuts, tax increases whatever. or you end up with $600 billion more in cuts to the pentagon. leon panetta says that would be a threat to national security.
do they make a deal or do we end up with the triggers? >> i think the odds are that we will have a deal. one of the places where you have got bipartisan agreement for example is that the triggered cuts in the defense budget would be devastating. leon pa net that said it would be the equivalent of shooting ourselves in the head. i think that the republicans have actually put forward a response on the issue of the millionaire's tax which is the notion that you you have got the vast majority of small businesses in the country pay taxes as individuals at the highest tax rates and those are the job creators. i think, you know, we have got the supercommittee that will get something done, we will avoid triggers but it will only be part of what has to happen here. the rest has got to be a set of policies put in place by a new president that understands that you have got to get the private sector going again. i think in terms of president obama what he is doing politically he may think makes sense. i think it is actually scarier than that, though. i think he really believes it
and i think that he has now put forward some policies that aren't working economically and not working for him politically you have to say it must be ideology and must be that he really believes in rebuke redistribution of the wealth and. i think it is something new than we have seen from a president in a long time and i think it is very concerning. >> chris: jeff, let me get to one other interesting development this week. obama care, late friday the obama administration announced it is abee abandoning scrapping class, class which was going be a program to offer long-term insurance to offer insurance for long-term care because they said the numbers just don't add up, it is unworkable financially. how significant is that? >> i think it is symbolically significant because it is one more piece of the healthcare plan that will not be there. i'm not sure -- this was an
idea supported by senator kennedy. i think if he was still alive there probably would have been a way to keep this in and, of course, everything would have changed. overall itless not affecting the broader national healthcare plan but symbolically probably more important because it is just one more piece of hard evidence that this perhaps was not such a good idea overall. it leaves most of the law in place obviously. >> chris: here is the one aspect that i think was interesting, bill. class was supposed to cut the deficit by $86 billion over the next ten years and talk about a bookkeeping trick. the way they did it was that the premiums were going to start and for five years you would have to pay into the program but no benefits with come out. obviously if all of the money is coming in and none is going out. if you take that away, that was most of the deficit reduction that all of obama care was going to provide the next ten years. if that is gone you almost have no deficit reduction. >> and a lot of the rest of the
deficit reduction is smoke and mirrors i believe and it is easy to show. they need to say we need to repeal obama care and get back to stressing the importance of repealing obama care. one thing president obama can't pivot on. can he blame the republican house for not creating jobs and blame other people for other things. the republican ares are going to run on repealing it but need to really highlight how damaging obama care is both to the healthcare system and to the federal budget and the economy. one thing as we say, president obama it is his greatest achievement but he is stuck with it. >> chris: what about romney if he is the nominee? >> more than others needs to do this. >> chris: how persuasive is t? >> i which he would defend it a little less forcefully. whatever he did then. voters think as president of the united states mitt romney will repeal obama care.
i think the way to take care of his healthcare problem is to be more aggressive on obama care and more aggressive on medicare reform. >> chris: thank you, panel. see you all next week. check out panel plus where our group picks up with the discussion on our website foxnewssunday.com. we will post the video before noon eastern time. time for mints you posted to our blog -- time for comments you posted to our blog about my interview with gop presidential hopeful rick santorum last sunday. many of you were unhappy when i compared about how people feel with gays in the military now with about how some felt in the 1940s about identity greating the armed forces. phillip wrote it was poor journalism.
>> chris: from the hope diamond to dorothy's ruby red slipers you can see wonderful things in washington and the man with the key to the collection is our power player of the week. >> we are here to discover knowledge. we are here to share the knowledge with the world. >> if the goal sounds big so is his job. he is the secretary of the smithsonian, biggest complex of
museums and research centers in the world. he is charge of many objects ranging from treasures of history to animals. i think it's adorable expression but the same time smithsonian is far more than a attic. >> call it smithsonian 2.0. the focus on research center. >> we run satellites for nasa. we want people to be aware of the kind of things that we do that we think are so relevant to the american people and the world. >> he is making the institution more accessible to people who can't get to washington. 6.5 million objects have been digitized. >> we would like to go to hundred million. >> he took over in 2008 after a
predecessor was ousted after poor management. >> did you feel like you had to clean things up? >> yes, i did. the other people didn't have anything to do but they reflects badly on them and on the institution. >> the smith son yon gets 65% of the budget from the federal government. $850 million this year. having to convince congress not to cut funding. >> we are open every day of the year except for one. 38 million visits, we don't charge admission. there is nothing like it in the world. >> during 14 years president of georgia tech he was known as a master fund-raiser. he has raised $450 million so far. >> if you like animals, i got a product for you. if you like arts, i got a product for you. >> we have largest collection of insects. >> it comes back to the
collection. in the conference room, he chose the charles lindbergh ward to the moon and lincoln's hand ball. he seemed thrilled by all of it. just as this engineer when d.c. was hit by an earthquake. no ducking under a table for him. >> i simply sat in my chair you ride seismic wave. you ride the wave. you can tell a lot about the earthquake. >> chris: it seems to be in good hands. >> the satisfaction for me to go out to the museum and watching the children go through and listening to those voices and watching them enjoy what they are doing and learning just as i would have learned and enjoyed it as child. >> chris: he hopes to raise one billion dollars from private sources to make this repository of america's past a vibrant start of the nation's future. that is it for today. have a great week.