america today unless you cut some kind of spending. so what do you do? you raise spending to the people who cannot cut. that s extraordinary. clayton: it is unbelievable when you look at $17 trillion in debt. you are something of a fan of europe. you know what what. clayton: you know what kind take those words back! dave: he s never going back. i don t think he s been to london in a decade. clayton: what about france? when is the last time you ve been to france? 20 years ago. clayton: they did something fascinating that you may like yesterday. no, no, no, you ve got it all wrong. clayton: they shot down the the court shot down raising taxes on the rich, that tax rate was set to go up to 75% under the new leader of france. that s not going to happen. can we learn something from that? [ laughter ] what you learn is that the french government will immediately reword the law, resubmit it and actually catch even more people who will pay 75%.