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Former New York City Mayor Rudy Giuliani on efforts to reach a deal to avoid the fiscal cliff.
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What else that this.
It's a few years -- -- -- and artfully Washington.
A deal now -- John Boehner said go ahead let's vote on.
Securing the taxes for every one of the rates for everyone -- words let's that a million dollars is already -- revolt in his ranks about that.
The president says I'm not joining -- for -- 400000 where you think this is all gone because I hear much more debate about the size of the tax quite aggressive credit and I cuts -- Heard the prior discussion and there was an article I think it was in the journal about a week ago I think I'm right about this.
They raise the tax rate on millionaires and billionaires in England and other collecting less money from the millionaires and billionaires in the -- on the low rate.
I -- some of this is really stupid.
-- in the past have raised the capital gains tax in America and we collect less money from the well I definitely and yeah you're arguing that it it it is gonna have been at least what -- balance and I know it would not.
-- simple fact is John -- has no good answer.
Well one answer is he's got a cave in.
Let the tax rates go up try to minimize the damage has a little as possible and then put the responsibility on the on on the president custody.
If if we go over the fiscal Clinton can be blamed posing this as a way of saying it's not on -- debt I think that's probably I think that's where he's going.
I think he's gonna extract whatever spending cuts he can extract a minimal Europe's third the president's failure to address spending cuts is a tragedy.
It's a lack of leadership of the worst kind -- -- lack of understanding of our economy this has nothing to do -- taxes you can raise taxes.
You can lower taxes.
Not gonna have much of an impact on on the deficit actually if you lower them intelligently you might grow the economy and maybe grow your way out of some of this deficit.
But the real fact is we have to restrain spending.
We've got -- -- state spending by 51015%.
A year and until we do that we're headed for disaster and we're obviously not gonna do it and the president has no.
Ability to control with party to do it -- the president wants to do it.
I mean it's gonna visited the terrible terrible mistake that we're gonna see the results of 3456 years from now and our children to retain -- price for a very very long time.
This is a president that has no understanding of our economy non.
Zoo what happens ma'am thank you again -- -- as always sued apple.
