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In cypress but because, they really have to tax everybody to raise the $5.8 billion euros that they need. but you raise an interesting question, martha. it is a point of principle. if you keep spending a lot of money and you say the rich will pay, well the truth is they can't pay. they can't repay this debt. what you end up with is, too much debt, and your government is in a position, how are we going to pay for this? one government at least is saying we're going to take it out of people's private bank accounts. martha: just to look at the u.s. situation quickly, this idea, we talked about it ...

Search of friendlier tax climbs. and bothers there passed proposition 30 making california the state with the highest marginal tax rate in the country and add that to what mickelson will pay uncle sam after the fiscal cliff tax increase and it's not hard to see why he may be shopping for a new place to live. james and kim strassel are back and with states he may want to consider and phil mickelson did the mea culpa and said i shouldn't get involved in tax talks and probably hurt his brand, but where should he move if he and the family decide to move? >> he may have more options, and more state...

already for so many people. so it's unbelievable. we just don't know. we're at a point where there is a lot of concern because it is so uncertain. and people are following it, they're talking about it. >> and they'll be doing that for the next two hours. hope fly we'll have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. we're will thalmost out of time. those words from president obama. the deadline for raising the country's debt limit now just four days away. and congress and the white house still gridlocked over...