collective bargaining. it s not because they re going out there and increasing the tax rates. the states that do the chief executives annual survey said that the five worst states to do business in are states that have ballooning deficits, out of control spending. they re taxed to death and they have unionized work force. when i hear this kind of discussion what we re talking about here, if you let the bush tax rates expire for the wealthy it will revert to what it was in the 1990 s under bill clinton. i remember in 1993 i remember in 1990, under geerch bush sr. and 1993 under bill clinton, the democrat, these were the last two tax hikes we had and both times there was a ban led by gring rich in 93. they said you can t raise the rates. it won t bring in revenue. it will kill jobs and plunge us into a second recession. there s incredible footage of gingrich and saying this and i look back to the 1990 s and not
foxnews.com/politics for the latest on governors trying to cut ballooning deficits. you may have missed this but it s a great thanksgiving story for thousands of americans. it shows what can happen when democrats and republicans come together. imagine that. the senate reaching a decision on two lawsuits on friday approving $4.6 billion to federal claims against the federal government. the paper case denied or under paid and another case mismanaged trust funds for native americans. some amazing work and vision going on right now on the site of the 9/11 terror attacks. it s the september 11th memorial museum, we ll remember that day forever and all those that perished. the design of that memorial put in the hands of a 34-year-old israeli american architect and now he is turning his vision into reality. he here is shepard smith.
okay, now here s our holiday gift list. aww, not the mall. well, i ll do the shopping. if you do the shipping. shipping s a hassle. i ll go to the mall. hey. hi. you know, holiday shipping s easy with priority mail flat rate boxes from the postal servic if it fits, it ships anywhere ithe country for a low flat re. yea, i know. oh, you re good. good luck! priority mail flat rate shipping starts at just $4.90 only from the postal service. a simpler way to ship. neil: on this day we honor our veterans, would it kill any of us to hon noir their guts, i don t know maybe by showing guts themselves. the debt commission comes out, leaking tough love fixes for ballooning deficits and they re universally canned. don t touch my social security, don t raise my retirement age, leaving aside
middle tax cuts and raises taxes for the other folks, these democrats go home to their districts and the people say, you guys did this to us, you can t handle pelosi? good-bye and good luck. i think in tennessee where, some are suggesting pelosi step down. sam, obviously nancy pelosi and progressives on both coasts would consider it a betrayal if tax cuts were extended for all americans. i tell you, she has a guy that s been out there running. it seems to me that tax cuts even on the top earners is seen as a drag on the economy. i don t know if they d see it as a betrayal. i remember you talking to ezra yesterday. he said that people should be comfortable with the temporary extension got to pay for it. yeah. the issue here the what are we talking about in terms of deficit? we ve spent the past two years, year and a half talking about ballooning deficits.
force one landing this hour in canada. that was where president obama will be spending this weekend meeting with leaders of the world s richest nations. in fact, he spoke last hour just before taking off for the g-8 and g-20 summits. we heard a snippet of that a second ago. he says the economy is fragile but getting stronger and proving that global economies are inextricably linked and nations must work together to stay strong. the international monetary fund is issuing a stern warning at the g-20 summit saying the world could lose out of tens of millions of jobs over the next two years and $4 trillion of economic output if these nations fail to get on the same page. what s the goal? here it is, looking to balance the stimulus spending with ballooning deficits. that s the balancing act at a time when economic recovery is still on rocky ground. but, before the g-20 this