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Crisis. could youing liziader is live wh us for more. >> they are wait to go hear the state of the union address tomorrow. in many ways this speech will be a book end after the president's inaugural address last month. the president spoke little of debts and deficits on that cold january day. he will layout an agenda that includes nods to the deficit and ramped up spending on domestic programs we think he will speak to raise taxes. they are already making an argument against big spending cuts. >> it is we have a budget problem that we to address. >> the president is expected to push hard again...

Alternative to the sequester which is what president obama proposed in 2011. >> this is a presidential suggestion in 2011, an idea. >> the memo went out before the sunday morning shows. and now for paying a political price in recent years the republicans are trying to neutralize the political fallout this time around and the game leverage, and the game leaders insist that tax reform is needed to solve any budget problem. >> the fact is that we have had spending cuts $1.6 trillion in budget control act and what we need is growth. >> do we want to base the spending cuts on reducing medical resea...

Washington and this is so very true, blame is not a zero sum game especially in something like that. the reality for the president that he is contemplating right now is that if you have the largest tax increase in his tore arery coupled with the deep cuts you are going to see trouble in the economy. he does not want to take the oath of office in a fresh recession. he definitely doesn't want that. so he knows that while congress may take the blame on this narrow part of it, if things go wrong in the country he is the president and he will take the lion's share of the blame. >> shannon: it seem ...

Manhattan. i've heard, read about 3,000 families in that area, from where we are through midtown are responsible for about 30% of new york city's municipal budget. >> amazing. >> disproportionately high percentage of our revenue from a small pool of people. >> you're exactly right. >> when people say taxes have become too onerous, too tough, they leave. actually, when you're that dependent on 3,000 family, 10, 50, 100 families leaving matters. >> that's a great point. >> when we say taxing the behavior -- people say behavior is not really affected by increasing taxes. people aren't going to le...

$250,000. >> this is what we have been talking about, the beginning of the republican cave. whether they will cave enough to get a deal before december 31, we don't know. this is unilateral surrender. >> obama wants more tax increases than cuts but members are the opposite. this is the fox news poll, which is the best way to deal with the country's budget problem, and 57 percent say cut the budget for goodness sake, cut your spending. 20 percent say tax increases. >> it will never happen. if all we get are huge tax increases and minimal spending cuts . >> because the republican party and speak...