walked over the edge of the cliff but we don't know it yet do you have a timeline so you say what wiley coyote has walked off the edge of the cliff give a timeline for how fall he how fast he falls or what makes that acceleration really happen well as most friedman correctly say there's a lot of room in a country. i live in argentina a good part of the year. the united states is following the path of argentina which used to be one of the two or three wealthiest countries in the world at the beginning of the last century and now just stumbles from one disaster to another so we're going the direction of argentina we're doing exactly what the argentines have done what you see is the similarity the spending the debt accumulation and this yes that more regulations all the time political favors being passed to the people that are friends of the government. lots of welfare benefits thrown as a sop to the middle class which basically is pushing them into the lower class with more taxes of various types and so forth. we're definitely on the same road that argentina was on so then why do you feel like y

but when your opponent does, that you might want to take a breath and wonder if wiley coyote and the road runner, that door your opponent is pointing to, is merely paint on a rock. >> please proceed, governor >> i want to make sure we get that for the record because it took the president 14 days before he called the attack in benghazi an act of terror. >> get the transcript. >> he did, in fact, sir. so let me call it an act of terror. >> can you say that a little louder, candy? >> he did call it an act of terror. it did, as well... [cheering and applause] >> jon: can you say it a little louder, candy. can you say it a little loud center now just the ladies. can the ladies say it? can i get a woot-woot. please, governor romney, proceed. it was that kind of night for romney. the evidence of obama's victory and resurgence was everywhere post debate, msnbc no longer seemed suicidal. cnn, of course, looked to be shooting a virtual dick in a box video, and... [applause] of course, fox news, well... >> and the questions, there were 11 of them. six were clear pro-obama. >> they were softball

(laughter) >> jon: okay, first of all, i just got to say, bebe, bubbi, what's with the wiley coyote nuclearomb? are you really going to pretend, are you going to pretend that you don't know what a nuclear bomb looks like? you're israel. run downstairs and look in the batesment. although if that is the sort of bomb we're dealing with i think i've got a pretty easy solution to this entire iran problem. we'll be right back. 4h$h >> jon: welcome back, my guest tonight plays basketball with the new york knicker bockers and the author of a book series for children, number one home court, number two next week double team. please welcome to the program amare stoudemire. >> how are you doing (cheers and applause) >> stephen: must be nice. (laughter) how are you feeling? >>. >> feel great. >> stephen: do you feel in shape, dow feel ready, you're starting the season in like a week. >> yeah, we start training camp shortly. >> stephen: are you going to be able to get in shape by then, i mean really you let yourself go in the off season a little bit i see. tell me about this, su have two books. what is t

what's more the wiley coyote nuclear bomb. the really good of her tandem are you going to pretend that you don't know what a nuclear bomb was like. to hear israel. run downstairs and look in the basement on another us show russia's foreign minister sergei lavrov recalled another time props were used at the u.n. to garner support for military intervention. when my good friend colin powell colin powell was shaking this violet's some white ball in there in the security council. then there you can see what they're doing us unless we also writes the use of force against iraq we would do on their own thought the fuse three. and the turned out to be that there was no anthrax and that while today russia and the u.s. remain divided over how to end the civil war in syria moscow says some countries supporting the opposition are turning a blind eye to terrorist attacks committed by the rebels and they push syria even deeper into the base of bloody internet scene strife the militarization of the conflict is continuing with calls of an open

and he did. >> bill: he did. >> kept going down. >> as jon stewart said, it was not unlike wiley coyote he ran right into it. >> please, keep going. >> bill: one of my favorite parts of the debate is when the president just said -- the math here. your plan. you want to cut $5 trillion in tax cuts and then $2 trillion more in spending and another trillion for the bush tax cuts. and it doesn't add up and if you were a businessman, you wouldn't take this sketchy deal. yesterday in ohio, the president -- he's had a lot of fun with that. i think after etch-a-sketch this is the perfect phrase. here's the president yesterday. >> obama: mitt romney is trying to sell. >> sketchy deal. [ cheers & applause ] >> obama: but we're not buying it. we know better because this is the same sketchy deal that we were sold back in the previous administration. >> bill: it is amazing. everybody says that this plan doesn't add up and mitt romney says i'm a businessman. believe me. >> that was the most extraordinary thing. after that exchange where he had virtually no defense, candy came back and said let's just

but it's not wiley coyote falling of the cliff. if your side was willing to move on tabses in december then we don't have to do this. >> donald, let me ask you behavioral question. do you think there will be, for example, people selling stock in advance of january 1st because they fear capital gains rates will rise? >> so on the tax side, imagine the people actually believe we're going off the fiscal cliff. a lot of this behavioral response depends what actually is in people's minds. at the very end of this year if people believe we'll go off the fiscal cliff it will induce some people to do tax motivated things. if you're a lucky person who has a bunch of appreciated stock as the stock market boomed, maybe you bought apple a few years ago, consider contributing to the tax policy center you will have an incentive where a capital gains rate will go up from current 15 to 20% next year. plus the new health reform taxes. plus to on average realize gains in december rather than waiting to next year. if you're a highly compensated person

it does, but it is not wiley coyote -- wile e. coyote falling off the cliff. gregg's and do you think there will be people selling stock in advance of january 1 -- >> do you think there will be people selling stock in advance of january 1 because they see this? >> a lot of the behavioral response depends on what is actually in people's minds. at the end of this year, if people believe will go off the fiscal put, it will induce people to do tax motivated things. if you're a lucky person who has a bunch of appreciated stock, maybe you bought apple a few years ago. maybe you would like to contribute to the tax policy center. [laughter] your current rate will go up from 15% to 20% next year. if your a highly compensated person, or you run a firm where employees are highly compensated, are you going to have incentive to pay your employees bonuses in this calendar year or next calendar year? it might make more sense to do with this year rather than next year. i do not want to oversell these things of great microeconomic import, but if people think that tax rates are

if it's a cliff, wiley coyote style, you go over the edge, and you're dead immediately. the economy is not dead immediately over january 2nd, but the further you go and the more demand that comes out, the bigger you're problem is. here's the key. look, the key is we need -- the only reason there's a fiscal cliff in the first place is the political impasse. you can spread blame around, and both parties have to move, but let's face it, in the negotiations over the past year, the single, not the only, but the single biggest obstacle has been republican unwillingness to move significantly on taxes. if they will move on taxes, i think democrats, the number of them including the president, moves significantly on spending, and we can have a frame work agreement in the lame duck. if there's not movement in the lame duck, i think we go into january. what happens if we do? think of 1995. we had a government shut down. newt gingrich i clinton. once the government shut down, the pressure on both sides was so intense there was a deal in less than three weeks. the pressure, if we go i

people are suggesting the cuts will occur and it's almost like wiley coyote v. you go over the cliff and down for a poof of smoke. that is exactly what this may look like, meaning our behalf the ability to apportion the sequestration cuts over a period of time. and as a result, it's not necessarily cliff. in fact, it is not dominican and his occur right away at all. so there is again some leeway, if he will, or is flexibility. and the fourth one is exploration of the tax cut. there is cheerful agreement and disagreement, the cheerful agreement on both ends of the spectrum. one suggesting on the republican side, and maybe to go ahead and let this happen because we can blame obama and the other side saying, go ahead and let this happen because we should be taxing the wealthy anyways. so you have this situation occurring, with the fiscal cliff a few on january 1st may not be a cliff at home and beat, might have been without the next day there be in a puff of smoke at the bottom of the canyon. now, i want to make two caveats to that. number one, i believe that 62% o