that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone s a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it s worth getting a bit of perspective in here. you ll be shocked to know, we got a graph for that.
there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone s a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it s worth getting a bit of perspective in here.
prefer frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean it s not an option for us to just sit by and do nothing. that was president obama in the summer of 2011 speaking the hard truths about entitlements. it did not exactly play well for him then and he s been largely quiet on the issue since, perhaps because for both parties talk of cutting social security and medicare hurts a lot. there s a pain point that democrats have to reach as well. it s not just republicans. that both sides have to be able to get to the end of this things and say, yes, the president won re-election but there is nobody that gets away with this thing without feeling pain. and there are some on the left who hope to get through this without having to go under
divisive. that s her republican opinion. i think the divisiveness came from a bunch of republicans who vowed from day one they weren t going to work with this president. from a bunch of republicans who wanted nothing to do with him. he worked on jobs and they rejected the jobs bill he put forward. they rejected a bill to solve the deficit problems by trillions of dollars in cuts to get taxes raids on people. talk to republicans on capitol hill. this is the least cooperative president we have ever seen. they didn t want to work with them. and he wants to work with them? he does, actually. you proved peggy noonan s point when you admitted initially she had been swoong over barack obama. that s precisely the point. megyn: a lot of people were swooning over barack obama.
we can t get this done unless we ask wealthiest household the pay higher taxes on income above $260,000. pay the same rate we had when bill clinton was president. what we see out of the president is simply the lack of leadership. no leadership in solving the deficit problems. no leadership when it comes to the fiscal cliff we re going to face with tax rates going up january 1. sequester hitting january 2. bret: get ready. the fiscal cliff standoff is coming. the white house is signaling they ll veto any plan that doesn t veto taxes on rich. he has had his position for a long time. romney campaign released a statement to work in bipartisan manner as fiscal cliff approaches. president obama first issued