'This Week' Transcript: Gov. Schwarzenegger

PAUL KRUGMAN: In 2010. And so, no, so it's not clear that - no one, no one was really going to talk about doing a lot of new spending of that kind, long-term spending next year anyway.

SAM DONALDSON: Excuse me, Paul. Who is no one? Barack Obama, while he didn't put a price tag on it and said, I will promise to spend this much money, his supporters, young people particularly, who saw him as walking on water may - you bring an interesting point - may be very disillusioned if he wisely cannot pursue all of these programs.

GEORGE STEPHANOPOULOS: But I think Paul does at least point the way towards a rhetorical solution. You say you're for health care. You introduce it. But you just…

COKIE ROBERTS: Don't pass it.

GEORGE STEPHANOPOULOS: ...well you don't pass it. Well it's going to take months to pass it anyway.

PAUL KRUGMAN: Yeah.

GEORGE STEPHANOPOULOS: But the mechanism is the expiration of the Bush tax cuts. You don't impose any kind of a tax increase.

PAUL KRUGMAN: Yeah. The Bush tax cuts were written blessedly from the point of the view of the Democrats to turn to a pumpkin on the last day of 2010...

SAM DONALDSON: What am I listening to? I can recite people making over $250,000 a year, a very small percentage will only go back to where President Clinton's tax rates were and we need to do this out of fairness. I mean, I can recite his speech.

GEORGE STEPHANOPOULOS: But if that happened 2010 instead of 2009, that's a broken promise?

COKIE ROBERTS: Well, we'll see.

PAUL KRUGMAN: Yeah, I don't think it's...

SAM DONALDSON: Well, it depends.

GEORGE STEPHANOPOULOS: We'll see. That is the open question. You guys can debate it in the green room. And you all can join in later on ABCNews.com.

-- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947. -- This embed didnt make it to copy for story id = 6264947.
Page
null
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...