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His desk about whether to veto then all the bush tax cuts are or sign it. and the virtue of that mechanism going to expire, and then we would come back in january, first thing, and pass a tax cut proposed by senator mcconnell, a man of impeccable conservative for everybody under 250. credentials, is to make sure are the republicans going to that the country is not left at vote no on that? of course not. so they are going to get stuck with a raising of the rates of risk of pure default. it's a very good idea. the top 2% either in a very it's a republican idea. and we're suggesting they extend p...

Let me tell you what's at stake. >> look, speak are boehner and we are not prepared to leave the leader mcconnell both have put economy of the united states and revenues on the table. the savings of americans, the >> let's just understand. savings of investors, vulnerable everybody in washington says revenues. to periodic threats by there's increasing your tax republicans to default on the rates and there's finding other ways to raise tax revenue. and the distinction is american credit. >> democrats have made the same important, because what threats in the past, have they republicans object to...

Your point of view? >> this is very important, and let me tell you what's at stake. we are not prepared to leave the economy of the united states and the savings of americans, the savings of investors, vulnerable to periodic threats by republicans to default on the american credit. >> democrats have made the same threats in the past, have they not, including the president? >> there's no precedent in the many decades of history of this, of what the republicans tried to do in the summer of 2011. you saw how damaging that was. we're not prepared to go through that again. but we made a very sensib...

Wealthiest 2% of americans, would subject the average that i have shared with the american to big tax increase and white house, shared with boehner, shared with mcconnell, enormous damage from the other in order to move us beyond this cuts that would happen. silly debate that's taking and there's just no reason why the country has to go through place. the fact is, claire knows this that. and we have a chance to do and i know this. something much better. there are serious reforms that not just for the long-term have to take place in medicare health of the american economy, but for the immediate...

>> well, until we get to entitlements, we're really not having a serious discussion. david, all of us know what the options are. they are not going to get more narrow as -- i mean, they are going to get more narrow as time goes on and more draconian. what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to th...