outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we ll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, al will nan simpson, a i heard from awful them is a bipartisan call for action and alarm. the next into years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. and interest rates will go up so fast you won t be able to catch your breath. how much? how much are they going snup some wall street invest
denounced last year, ryan is now trying the proven political strategy of simply lying about it this year. he thinks using the phrase premium support already fool people into thinking we re not talking about vouchers anymore. and if you think mitt romney is older and wiser since he embraced the first ryan plan, think again. i m very supportive of the ryan budget plan. i think it s a bold and exciting effort on his part and the part of the republican.s. and it s very much consistent with what i put out earlier. of this budget deals with a tax policy which is very similar to the one i put out. and efforts to reign in excessive spending. i applaud it. it s an excellent piece of work and very much needed. romney applauds it, of course, because the plan also includes a massive tax cut for the rich and removes progressivity in the tax code by
of the four gopers that has any element of progressivity in it as all. he says he would close the loopholes for the top 1% so they don t pay for which rick santorum has said he has adopted the rhetoric of occupy wall street. right. and he also, there is everybody else would totally eliminate the estate tax, totally eliminate on taxes on capital gains and te ductideduc. so they are getting rid of almost all tax receipts in their plans. and mitt romney doesn t get any credit for being at least a little progressive. i would love to ask ezra, the conservative argument is that there would be so much growth in the economy when we jump-start the economy, rick santorum wants to zero out manufacturing taxes at all. but is that a good argument? i m not an economist, so i don t know if it s true. these things aren t really plausible. romney has not said what he will take out of the tax code, right? what he said is, here are the tax cuts. everybody loves tax cuts, we ve
high school in chardon, ohio, that s near cleveland. one student dead, four others wounded. two of the wounded students are in critical condition, one is serious, and another is stable. yet another student showed a reporter from wkyc where one of the bullets grazed him. yeah, right here on my ear. i was actually as i was turning away from the gunman, he caught me right on the ear. reporter: how s your hearing, how close was he when he fired that shot? we were the table right next to him, he was within three feet of us. three of the victims were at my table as well. the student we just saw identified the gunman as t.j. lane, seen here in a picture from his facebook page. authorities won t confirm the identity other than to say he s a student and juvenile. the shooting happened in the school cafeteria at 7:38 this morning. one of the teachers chased the gunman out of the school and ultimately caught him. frantic parents answering phone calls and text messages from the
plus, the shocking end to an equally shocking case in saudi arabia. a woman beheaded for witchcraft. i m wolf blitzer, you re in the situation room. just 24 hours ago, the mud was flying between newt gingrich and mitt romney as they campaigned in the first primary state of new hampshire. now gingrich is vowing to run a clean campaign and refrain from initiating the kind of attacks that have come to characterize the modern race for the white house. some question, though, whether newt gingrich means it, whether he can live up to that commitment. joe johns is working the story for us. what are you finding out? well, wolf, the last few days have certainly been ugly, but now both candidates are saying they re going to do what a lot of voters have said they want and that is have a campaign that is free of negativism. of course, newt gingrich, the former speaker of the house running for president has gone as far to put his words actually in writing. though a lot of people out th