'This Week' Transcript: Timothy Geithner

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This notion that -- that the cartoons of the party, of our respective parties, don't talk squarely to the American people, I think, was exactly what the president was going at in his remarks this week. He talked about the importance of making Medicare and Medicaid sustainable. He has a different strategy for doing that than the Paul Ryan budget. He talked about the importance of additional revenue and shared sacrifice. He talks about and he has supported spending cuts, and there's direct evidence of that. So I think that what the president is doing is exactly what Matt, if I may say, Matt, if you don't mind...

(LAUGHTER)

... is suggesting hasn't been done for a long, long time.

AMANPOUR: Let me ask you...

WILL: Alice has uttered two inconvenient truths here that I'd like to hear from the president. One is we've made promises we cannot keep; that is, it's unsustainable on its current path. And the other is that people are going to have to pay more. That's the point.

We have a 12-cent problem. 12 cents is the portion of every health care dollar that the person receiving the health care pays, the other 88 percent paid by someone else. When Jack Kennedy was president, it was 47 percent. People had more skin in the game and had a whole different approach, therefore, to the health care system.

AMANPOUR: But you say people have to pay more. But, again, we get back to this revenue-raising, taxes and all the rest of it. I mean, it looks like people are willing to pay more for the things that they believe in and that they really want.

DOWD: The problem -- the problem we have is the American public is always willing to pay more for effective, efficient government. They're always willing to do that. But the American public going to have a very difficult time believing that tax increases at a time where they don't trust that government does the job well; they don't trust that they know how to keep their pocketbook balanced, that they don't know what to do when the government doesn't have a plan for things to do. Until you prove to the American public that they should trust the federal government, it's going to be very difficult to raise taxes.

AMANPOUR: We're going to break and -- take a break and come back. And up next, Trump turns up the heat.

(BEGIN VIDEO CLIP)

TRUMP: Whether you liked him or not, George Bush gave us Obama and I'm not happy about it. I'm not happy about it.

(APPLAUSE)

We have a disaster on our hands. We have a man right now that almost certainly will go down as the worst president in the history of the United States.

(APPLAUSE)

(END VIDEO CLIP) AMANPOUR: He's ahead in the polls, but does he have the ghost of a chance? The roundtable take on the Donald.

(COMMERCIAL BREAK)

AMANPOUR: Twenty-twelve heats up with Donald Trump on the trail and a hot-mike hiccup for President Obama.

AMANPOUR: More with our "Roundtable" next.

(COMMERCIAL BREAK)

AMANPOUR: Donald Trump wants you to know that he has the brains, the bucks, and the bluster to take on President Obama. He's telling anyone who asks him. But the question remains, is the celebrity billionaire for real? And if he is, does he have a chance?

(BEGIN VIDEO CLIP)

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