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>> well that's a great question. that is one of the frustrations i have had with these discussions. if we want to get the fiscal health in better order as you just said we have to get the economic growth going. we have to get more americans working. all of this talk about raising tax rates i believe puts america at a less competitive situation. although i do think, now is a good time to be, getting serious about cutting spending. remember, jenna. this is kind of a complicated story because when we use the term fiscal cliff there are really two cliffs we're talking about. one is on the tax side...

Through $3 billion of your tax as day. social security is close second at $2.5 billion daily. military programs come in at 1.8 billion daily. but economists say most concerning is the interest on the debt. right now it is at $854 million a day. and as interest rates rise that number goes up, creating potential snowball effect of creating more to borrow more. >> this is not theoretical. this is not a classroom exercise. you look at europe and see what happens if we continue down this path very much longer that is place we don't want to go. >> reporter: primary driver of all the debt spending, m...

Math of the problem we have gotten ourselves into? each day dug the month of november the government brought in a little more than $5 billion of revenue. that's a lot of money. we spend more than 11 billion a day. the difference as you can clearly sees roughly $6 billion. how can we keep spending more than we take in? economists we talk to said it's simple, we can't. the government am spends more than $11 billion a day. where does the majority of that money go? here are the top four out lays at the top of the list department of health and human services which goes through 3 billion of tax doll...

Estate tax, along what he wants to do with corporate tax codes, it costs $5 trillion. governor romney wants to spend $2 trillion on additional military programs even though the military is not asking for those. it's $7 trillion. >> what's extraordinary about this and the president's position is not just to keep pentagon spending flat, the obama campaign calculated there's a political cost to romney's call for an additional $2 trillion in defense spending. defense spending should be pegged automatically at 4% of gross domestic product. if the president thinks he has the better part of a politic...

With corporate changes. it costs about $5 trillion. governor romney then also wants to spent $2 trillion on additional military programs even though the military is not asking for them. that's $7 trillion. he also wants to continue the bush tax cuts for the wealthiest americans. that's another trillion dollars. that's 8 trilli$8 trillion demo. >> how's his math? >> it's a little high. the revenue from the taxes it's not quite $5 million. it's 4 trillion and 60 billion. and then as far as the $8 trillion, it's closer to $7 trillion. it's another $2.5 trillion in costs but these numbers, everybo...