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$125 billion. amt patch, alternative minimum tax that's patched every year. by the way, it's not even patched for this year yet. and next year has on deck, $88 billion. other taxes that will go up,on. grand total, $514 billion of new taxes will hit america on january 1, 2013. that's $3,200 per household every year. >> brian: the president's way of solving that problem is urging people to raise taxes on the rich. people go from 35 to 39%. what kind of impact will it have on those numbers? n minimal. >> brian: $80 billion. >> steve: the president of the united states yesterday said if you just j...

Crisis that was hastily thrown together in response to inflated rhetoric about our federal deficit. >> dana: that reads like a greg gutfeld sentence. >> eric: let me show what a fiscal cliff really looks like. bush tax cut expire, $150 billion. payroll expire , $125 billion. tax patch, $88 billion. billion. $145 billion in other taxes. $514 billion of new taxes will hit you american families. by the way, every single year going forward. >> dana: what do you get for it? >> bob: $17 trillion in debt, right? who is next? >> andrea: so a lot of environmental tree-hugging freaks gripe about hydrofr...

Government. >> then shut it down. >> the national journal is reporting that the white house is reviewing the terms of a deal between house republicans and senate democrats that would prevent a government shutdown. the potential agreement would cut about $39 billion from this year's budget and $514 billion in defense spending. the announcement is expected soon. but it is unclear whether it can be concluded before midnight, before the shutdown that would occur tonight. and, yes, we have been here before. both in fact and in çfiction. in 16 years, the dialogue hadn't changed very much. >> the f...

Tired of borrowing from their children and grandchildren. they feel so deeply that they have a moral commitment to balance the budget i don't think they'll give the president a blank check to spend more money. >> it's wrong for congress to shut the government down to make a political point. >> the president is posturing for political advantage. >> it is irresponsible to the highest degree to have the government shut down today. it should be opened. it should be opened on monday. the republicans are trying to blackmail the president. >> the clarify the report, the potential agreement would cut ...

And i think this conversation is interesting because the white house today is pushing the new debt commission that did not pass on congress but you guys are going to take a serious look at the decifit. >> yes. bill: you heard me mention the $514 billion that's not been meant. who at the white house including you is advocating taking the $514 billion either giving it back to the taxpayer or putting it to pay down the national debt? >> bill, i got to tell you, when the people who burn down the back half of the house are complaining how much it cost to rebuild t. i think we're in a bit of a stran...