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$50,000 in debt. it's gone up 50% since president obama's been in office and his solution to ever fiscal problem that we face has been to raise taxes not to look at the spending side of the equation. >> what do you think he's going to say tomorrow night the state of the union. >> he hopes to talk about the economy and job, an inauguration. >> and more of a rough picture speech than the state of the union. >> right, but i think we continue to see where the economy is our number one issue, jobs getting americans back to work and this is the slowest recovery in the history of this country. and i ...

That john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the s...

That john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the s...

Taxes, and it doesn't seem to be working. what's the story? >> yeah. a very familiar story and kind of a microcosm for what we're seeing as a nation. baltimore has double the property tax of any other jurisdiction in the state. they tax their income at the maximum level. they nickel and dime everyone that lives in the city, and yet they're in a financial ruin, and they've done all that they can from the tax side and done nothing from the spending side. they're looking at billions of dollars worth of deficits. >> well, they're pretty darn close to washington, dc, right? maybe a little flu flyin...

Now we have to deal with the spending side. so this is still where that fault line is between the white house and republicans right now. and that goes to the point of paul ryan and how difficult, where those spending cuts are going to come from if he's going to do a ten-year time horizon. >> leigh, this is not about ideology anymore. republicans have raised taxes. at this point, the question is what harold's asking, what a lot of democrats might be asking that have businesses, small businesses or large businesses, how much more can we tax americans that are already paying 50%, 55% in some of t...