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with us tonight. thanks so much. >> take care. >> that is "the ed show." i'm ed schultz. "the rachel maddow show" starts right now. chris hayes filling in for rachel tonight. >> thank you, ed. thanks for joining us this hour. rachel has the night off, but happy wednesday, everyone, tgiw, am i right? you know how it is, things start to wind down on wednesday afternoon. you send off your last e-mail, maybe pop a beer from the office fridge and head on home for the weekend. all right, you, watching this right now, probably don't do that. but that's how your friendly neighborhood lame duck congress rolls. the house was supposed to be in session tomorrow, was the republican leadership went ahead and canceled that thursday session, so it's wednesday and the weekend has arrived, if your job title is united states representative. amid the crush of members heading out of the capital building today, you could even spot republican congressman mo brooks of alabama biking into his five-day weekend. the house won't be back in session until tuesday of next week. but it's not like they don't do work
rachel maddow show" starts right now. ezra cline filling in for "the rachel maddow show" tonight. >> good evening. a dreary december day turned out to be full of news today including big news out of the supreme court. and one of the coolest pictures ever having a big revooufl. but we begin with important news out of washington. for all the squabbling politicians and the whining pundits, we can announce to you tonight, right here, right now, there's a budget deal that's becoming clear. our long national nightmare might almost, and i repeat, it's washington, almost be over. this is kind of like one of those kids games where you have to look at a picture that looks like nonsense until your eyes filter out the garbage and you can finally see the sailboat. that's what's going on in washington. you have to filter out the garbage. take yesterday for example. i don't tune into c-span 2 for comedy, just because it's good television. but the senate was being hilarious about the debt ceiling, which is hard to be hilarious about. here's what happened. the white house has been pushing a plan to take c
healthcare. something so geeky that i'm pushing the limits that even the "the rachel maddow show" staff of geeks will tolerate, the producers here get me to do it in two minutes or less. tonight's challenge comes in something i mentioned earlier. the medicare eligibility age. sexy topic, right? try to control yourself, rachel maddow's audience. despite the fact it's unpopular, republicans really want to make cuts in medicare and specifically they want to raise the eligibility age by two years, from 65 to 67. that's also super unpopular. but the white house is open to it. they are open to it in 2011 in the boehner/obama talks. they are open to it now. what's weird about this policy is it's always presented as the height of fiscal responsibility, even though it's kind of fiscally irresponsible, which brings us to the challenge. why raising the age does not save you very much money and is probably a bad policy idea in under two minutes. do we have the clock? let's do it. the argument for cutting 65 and 67 years old out of medicare in a deficit talk is simple. it saves money. the keizer family found
thirty." best actress, jessica chastain, helen mirren, naomi watts, rachel wise. best actor drama -- daniel day lewis for "lincoln." richard gere, john hawks, jauquin phoenix and denzel washington for "flight." so those are the highlights. and for the sake of the commish, do want to point out, for best television drama, "breaking bad" "boardwalk empire" "doubting abby," "homeland" and "the newsroom." just wanted to add that in there. for a show i love that he hates. but we have that ongoing feud. >> i love that clap. how is that jack? >> it's a good show. >> that i hear is great. >> willis and the commish can have a viewing party. >>> great thing happening in new york city last night. they had the sandy benefit. you saw bon jovi, bruce springsteen, everybody collaborating for the victims. but something mick jagger said on stage is a little insensitive. here's what he said. and he's drawing only ire and rage from some people. he said this has to be the largest collection of old english musicians ever assembled in madison square garden. but if it rains in london, you've got to come
ramsey rachel cruise. nice to see you this morning. >> good to see you too. >> so you have some tips that we can try to avoid breaking the bank because i think if you wait, you drag your feet, you kind of become rash and you end up spending too much. right? >> absolutely. yeah. the key here is to be intentional. so the best thing to do is to be on a budget this holiday season. so make a list of everyone that you are going to buy a gift for. and write a dollar amount next to their name and stick to that. so just be very very intentional. it's where your money is going. >> how do you stop mission creep though? because that happens in our family. we draw up the spreadsheet and say look we are doing one gift per family member. this is what we are doing this year. and suddenly it's two and it's three. how do you stop that from happening? >> yeah, it's a good question. you just have to be intentional again and stick to what the budget says you have to say no matter this is what we are doing. great thing to do is to use cash so you can actually cash out the amount of money that you plan to
. the labor party -- i was speaking to rachel reeves earlier on, just because they've got their plans wrong. they've cut in the wrong areas, they're not thinking about the infrastructure growth that this country needs to get itself out of the mess. so let's see what it comes up with today. it's just a question of whether he can take it away from some departments and give it to others. of course, there's this whole rich versus poor debate also. the poor we're talking about are only so rich. for instance, taking it away. the free amount of money you can put into your pension before you get taxed on it. at the moment, that's 50,000 pounds. estimates are that it will go down to 30, 40,000 pounds. even if they put it down to 30,000 pounds, it's only going to raise around 8.1 billion pounds extra. when you consider total government spending and borrowing, that's a drop in the ocean. welfare is about 186 billion pounds. you can see the kind of numbers we're talking about. tinkering at the edges as well. there will be more money into education, into science, into infrastructure as well and he'll be

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