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Don't. we don't even come close. it's a mess. and if they don't fix something on the fiscal cliff, the tax rates, which are going to go up for everyone, the automatic spending cuts, which make absolutely no sense. if you and i sat down and devised it this way, we would have our head examined. >> bill: i think they are going to come to some kind of deal. i don't think they are going to lead that happen. >> let's hope not. because if they do it's going to be an economic catastrophe. >> bill: stock market will go down 700 points. right. >> it's going to be a leadership catastrophe. >> bill: after...

Joining us, host of "power play" on fox influenza.com, 11:30 a.m. eastern, digital editor chris stirewalt. good to see you. >> great to be back. >> shannon: who moved? >> they all move. that congress likes to do is get itself off the hook. members of congress love to do something. that's how we got here with the triggers and the automatic. here is what we see taking shape. you heard it this morning as etch was floating it out on the sunday morning shows. they create triggers. you say the overall taxes will go up. you can do it as a capital gains tax or what the republicans want which is more m...

Can say we didn't really do it. we turned down the automatic cutting machine. later it took some money away. >> shannon: hence their 9% approval rating? >> they got re-elected. most got re-elected. >> shannon: so i think about senator burning burn called dr. no, because -- senator coburn. called dr. no. he puts out the waste books. they're entertaining. this is where we find out the taxpayer money pays for robot squirrels. the recent one is about defense spending. he says the republicans say don't touch defense spending. but things that aren't benefiting the soldiers and troops. like the milit...

The automatic defense cuts triggered if there's no deal reached. i'm assuming there's a compromise here in the end, but i i guess the question is what's the recent reduction in spending over the next ten years for the pentagon? what's a reasonable part of the deal for na? >> i think a reasonable one is actually about the amount in the sequestration. that's a little bit less than what the boles-simpson commission had. they had about $750 billion. if you take a salmi slice cut like the sequestration bill does, you will harm the military. if you're able to say, wait a moment, maybe we don't need ...

Figure out how to do the automatic, $500 billion in defense cuts. unless we do "x" or wyoming. they're up against the wall. they make the deal. then all of a sudden -- well, not all of a sudden but for a year they have known we were getting to the moment now. there are seven weeks left to get it done. >> andrea: a lot of people are questioning how they will be able to do it. i would say it's not the rocky mountains, maybe the alps. aren't they bigger than the rocky mountains? >> bob: were you talk about the rocky mountains? >> dana: is that why you were laughing? i get it now. >> bob: somethin...