Page 128 - Fiscal News Today

Fiscal cliff, tax the rich more for the fiscal. okay. weve got that. but we are definitely going to tax the rich just a little bit more come january 1 to pay for obamacare, specifically taxes on capital gains, dividends going up to just a little bit more, just a little bit more on january 1, and also a little bit more on income of those people making more than $200,000 a year. so we have defined rich down to $200,000 a year. it was a lot higher than that, but guaranteed january 1, a little bit m...

To other problems like addiction to heroin? >> i was with my friends and there were four or five and i looked around and everybody is on their phone going -- i was like, guys put down the f-ing phones. people are so beds that people are icky. you would think with all of the technology kids these days -- i just said kids these days and i mean it. kids these days, i think they are dumber. they probably couldnt tell you where libya is on a map. they certainly dont know what the fiscal -- >> let me ...

>> i want to play a snippet here of what majority leader harry reid said this week said about the fiscal. >> we would be somewhat foolish to work out something on stopping us from going over the cliff and then a month or six weeks later the republicans pull the same game they did before. >> if the debt ceiling isnt addressed now, are democrats just setting themselves up for another fight in which they will perhaps be forced to make more concessions? >> they wont be forced to make more concession...

>> greta: straight ahead, does senator john cornyn think president obama wants you to go president obama wants you to go over the fiscal [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. bass pro shops has great gift ideas at huge savings during our cyber week sale at basspro.com. check in every day for amazing web buster specials. plus...

My whole life thats the only thing they want to cut! here it is just waiting for them. its already done. all we have to do is go over the cliff! >> steve: yep. >> gretchen: there is a lot of relevancy to that because who won the presidential election? president obama. hes holding the cards right now and if, in fact they do go over the cliff will he actually be true to what he said before, which is lets do this short-term deal now, even though its really not a deal, its a one-sided deal and then ...

Watch out for. >> justin, before we let you go, in terms of the fiscal -- calling it a mole hill, curve, take your -- >> fiscal bump of various height depending on what side of the aisle you sit on, what are the ramifications if the president or congress decides to go over that to your mind? >> so, both a good side and bad side. if we let -- go over the fiscal cliff, its going to solve our fiscal problems. the deficit will essentially go away. the bad side were in a deep recession and the defici...

Not have the funding, and thats assuming they comply with the law and in light of the fiscal deliver and everything else there, theres a possibility even with the next year or two that medicaid funds to the state might be reduced and without true flexibility with a block grant we have a tough time with what were dealing with today without adding more. >> whats your estimated number of people to add on medicaid in order for the expansion. do you know that off the top of your head? >> that varies,...

Not have the funding, and thats assuming they comply with the law and in light of the fiscal deliver and everything else there, theres a possibility even with the next year or two that medicaid funds to the state might be reduced and without true flexibility with a block grant we have a tough time with what were dealing with today without adding more. >> whats your estimated number of people to add on medicaid in order for the expansion. do you know that off the top of your head? >> that varies,...

As well. can we begin with the fiscal cliff, though? >> if we can say fiscal, we can. >> yeah, im trying. im trying. you know what? what was that vodka they were offering me during "way too early"? ill have some. negotiations to avoid the fiscal cliff are still in motion behind the scenes. optimism from lawmakers over the weekend help the stock market reach its best gain in more than two months over hops the automatic tax increases and sequestration can be avoided. still, politico reporting cong...

Democrats privately who believe the president needs to make republicans believe that if the deal isnt a good one that the fiscal -- going over the fiscal cliff is a viable option. do you believe its a viable option? >> well, i know, as we all know, that our country has a real challenge with our debt and deficit and i would argue with our investment in people so that we can be vibrant once again in order to meet that challenge we have to have a balanced and fair approach that talks about spending...