KRUGMAN: That kills charitable deductions. It hits the middle class hard. If you do it -- if you do it right -- we've done this, right...
MATALIN: Are you an economist or a polemicist?
(CROSSTALK)
KRUGMAN: There's only -- there's only $450 billion that you can get by doing that.
MATALIN: Do you want to talk about economy or do you want to talk about polemics?
KRUGMAN: No, this is not true.
MATALIN: We have two different ways of going forward. We will not have Medicare, we will not have Social Security. You have senior Democrat Dick Durbin saying Social Security is not costing us a penny. You have those congressmen, those Democrats saying that they're -- that Medicare, Medicare and Social Security are not the driver of this debt. Even the president disagrees with this.
What these guys should do -- Coburn is right -- this is meaningless. They should either give him 98 percent, let him eat that tax, or they should do what President Clinton proposed, which is -- like just extend it for three months and let the new Congress -- we have a new Congress. How is it fair that the outgoing Congress that lost is making this...
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