Ordered could be stuck out at sea, oh, no . Well explain it coming up. Egyptian president morsi forced to plea his palace after tens of thousands of protesters Battle Police outside. Morsis days could be numbed per. Well talk about the impact here at home. Even when they say its not it is always about money melissa look at the days market headlines, wait and see is the name of the game on wall street. They watched the latest sparring over the fiscal cliff. Stocks weighed between positive and negative territory. Shares of netflix soaring more than 14 you wow the Company Announced exclusive dib shun deal with disney. They will get first run streaming rights for disney films beginning in 2016. Gold prices losing their shine. The commodity tumbled below 1700 a ounce hitting a onemonth low. To our top story, no bias or bull. Money will lay it out for you. All the talk about we cant fall off the fiscal cliff, we say why not . It may not be the worse option . Maybe it is. None of them stop the problem. Well take a look. Here to crunch the numbers, stephen hayes, Fox News Contributor and writer for the weekly standard. Thanks for coming on to brave the math. Both sides get so emotional here. It is not about emotion, it is about the numbers and what will save this country. Looking at the real numbers on the fiscal cliff. We projected it out over 10 years if we show you the big full screen we made and numbers look pretty scary from a tax perspective there. If we went over the fiscal cliff it would increase taxes 5. 6 trillion. That is 10year period. Fairly say no one believes we would stay on the road for 10 years. I want to do it so you do side by side comparison. Spending cuts 1. 2 trillion. The president wants to raise taxes 1. 6 trillion. Cut spending by 600. The house plan looks like sort of a flipflop of that. What do you think of all these numbers. What do you make of it . What is your First Impression . I think the point that you made is almost in passing is very ey point. These are projections. The 10year projections. When was last time in washington 10year spending projections actually came in at or below what the projections were meant to be . It never happens. Same is true on the revenue side with taxes. I think the numbers were laying out here are probably the quote, unquote bestcase scenario in terms of what could actually happen. Just in terms of the pure math. Not in terms whether or not it is good policy, just in terms of pure math. One reason going over the cliff looks more attractive in terms of bottom line numbers because there is that huge tax number. Now, there are all sorts of reasons beyond that. Melissa why is that, to raise that much revenue and give it to the government . I dont understand why that is appealing . It is not appealing to me. Melissa okay. It would be ap peeling from a math perspective because the number is bigger. But the problem is, the number wont be that big no matter what happens. You can talk about dynamic scoring. Look at different ways revenue wont be revenue it is projected to be. Youre talking about something that would do tremendous damage to the domestic economy. Everybody agrees with this. President obama as president at least twice made the argument, raising taxes including raising taxes just on the wealthy would hurt the economy. He is doing something he previously said would hurt the economy. Melissa that is absolutely true but please,guys, show me that full screen another time. On the spending side of the ledger none of those cuts are big enough to make any kind of a difference, whether were talking about going over the cliff or talking about even the gop plan. If you keep in mind were spending 4 billion a day that we currently have a debt of 16. 3 trillion. Depending on whose estimates you look at well have a deficit 1. 1, 1. 2 or 1. 4 trillion a year. Yes. Melissa none of those things curb the spending were doing. No, right. Melissa that is what i thought was shocking and distressing about crunching these numbers. Youre absolutely right. The most important way to look at iscal cliff debate, the math is fine to go through it but the most important question in my mind will there be serious structural entitlement reforms. Melissa right. The kinds of reforms that will yield savings well down the road, even beyond, 10, 15, 40 year windows were talking about. What are the Structural Reforms that would produce those kinds of results. Those are only things we should be clear. The only things that would actually make a difference. The kinds of spending youre seeing to a great extent on the fiscal cliff and president s plan and lesser extent to the republican plan, largely Discretionary Spending cuts. A lot coming out of defense. These are not longterm structural changes that will put us on a path to a balanced budget. That will not happen. Melissa the other thing that struck me about the graphic when you look at it, the threat from republicans hey, we would rather go over the cliff rather than take the president s deal, to me doesnt look terribly credible when you look at actual numbers. Unless you take into perspective were not really going over for 10 years. But it is just going over the cliff is so focused on raising taxes, on absolutely everybody and spending cuts are really not that impressive in terms of getting, you know, the gap down smaller. They say if you compare it to the white house plan they would rather go over the cliff. Im not sure that is really credible given those numbers. What do you think . Way some republicans not all, growing number of republicans are looking at this, assigning blame to the president , making clear this is the president s plan and they dont have anything to do with it is politically more beneficial for them both in the shortterm and the long term, rather than to go along with something on the tax side thats not, that is going to help blur the contrast between republicans and democrats. In the long term as we were saying isnt going to produce the kind of results on the spending side that will actually make much of a difference. Melissa okay. Their view, let the president own it. We dont want to deal with this. Melissa steve, you get an a for math. 3 thanks for coming on. we appreciate it. First time in my entire life i got an a for math. Melissa we crunched cost for each plan. My next guest says there is in fact he says thet. Republicans are waging a war on working people in america. Sheila jacksonlee is democratic congresswoman from texas. She joins us in a fox business exclusive to tell us why. Congresswoman, thanks so much for coming on the show. Let me get your reaction to what you just heard . Melissa . Melissa were you able to hear the discussion that came before you . We were talking about comparing all the plans side by side, whether it was going over the cliff or it was the republican plan or the white houses plan on what we should do to avoid going over the cliff. The main point we came to at the end, none of it really does anything to tackle the debt and deficit. What do you think about that . First of all, melissa, one thing i want to say to the American People were all unified, and that is, completely different matter just to say syria will not get weapons of mass destruction and destroy not only their people but those around the surrounding areas. Were unified on that issue. I wanted to say that. I thank you for your courtesy allowing me to do so. Melissa we appreciate that. That is really important issue were also focus on here. Thank you for that. Thank you. I serve on the Homeland Security committee. We have been in meetings all day. I was able to listen to some small measure of the discussion. Let me say where we are today. No one disagrees there should not e a discussion on entitlements. What were absolutely opposed to as democrats, ranging from conservative to moderates to progressives is preservation of medicare, Social Security and frankly medicaid. And that Social Security has nothing to do with the deficit. It is solvent and until 2037. Medicare is solvent until 2024. You think where were at, i know as i listen then the question would the republicans get anything, i dont even want to use the word conceding coming together on behalf of the American People where 62 believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those. Melissa ill give that to you. Lets go ahead and raise taxes. Say we do that. That doesnt get us close to solving the problem. I mean we still have 16. 3 trillion in debt. We are still running 4 billion a day beyond what were making. We this huge problem in this country. If it was a house you would throw uppyour arms in distress say, my god, we can never pay all these bills. That is sort of the point. Im not in distress on that. First of all with the tax rrlief for 98 of the americans, well turn a reasoned amount of a trillion upwards back into the treasury. That is the first step. Secondarily, a lot of economists will make it very clear that at a time of a recession of sorts, when were trying to move out of nongrowth and move into more growth which is really the key element is no time to be use a machete on spending. What you need to do is be reasonable. There is 16 trillion i agree with you. Remember we had 5. 6 trillion surplus in 2001 from the clinton administration. Here is reasonable proposal. Melissa you say well put a trillion dollars into the treasury over 10year period . That doesnt even cover the increases in spending . But, were not finished. First of all weve already seen as of august, july, a trillion dollars in spending cuts. But more importantly, were at 50year low in nondefense Discretionary Spending. The government is not spending. It is just were a larger nation, one of the largest nations in the world. So weve got to get an understanding that america is a country that is not going to go back to the 1950s. Were always going to be searching and growing to make this country better and have a balanced economy. So what do we do . We start, melissa, because over the last decade previous to president obama, we have spent like, we are running water. Two wars and bush tax cuts. Melissa we afree on that. Bush tax cuts. Melissa we have spent way too much. This plan doesnt basically reform entitlement spending. We dont get our spending, with any of these three plans. Even going over the cliff we dont get the spending in order. I will give you the last word. Then we go on. The issue with the republicans theyre losing this. Theyre losing the argument, the debate, theyre losing everything. What we need to do is, to respond to the question, what do we do now in three weeks . Lets go ahead and give 98 of the American People a tax cut. None of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings, getting rid of waste fraud and abuse and other aspects. I will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting the issue on taxes and theyre not telling the American People that the enlightment reform and tax reform is an issue or issues that can be discussed in 2013 in deliberative manner listening to your constituents. That is the key. Melissa were out of time. Thats is the key. Melissa thank so much for coming on. I hope you talk to us about syria. That is important issue. I would be delighted. Well get this resolved. We dont have to go over the cliff. Melissa next on money, how a strike of the two biggest ports in the u. S. Is directly affecting you and your wallet this holiday season. You want to hear this. Violent protests reportedly lead to the egyptian president fleeing his palace. What it could mean here if his rule crumbles before your eyes. What it could mean coming up. Those Little Things still get you. For you, l. But your ectile dysfunction that could be a question of blood flow. Cialis tadalafil for ily use but your ectile dysfunction helps you be Ready Anytime the moments right. You can be mo confident in youability to be ready. And the meialis is the only daily ed tablet apoved to treat ed and symptoms of bph, likeeedingo go frequently or urgently. At tell yr doct about all your medical conditions and medications, and ask if your heart isealthye. 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Melissa well you might not think the huge strike of the two biggest ports in the country directly impacts you but think about this. If you ordered anything lately, and we all have, christmas or hanukkah gifts you may not get them in time. More than a dozen ships loaded in cargo are sitting in docks in california and have been for the past week. Both sides reportedly agreed to federal mediation in the strike but close to a billion dollars a day is still being lost. We have the president of the Harbor Trucking Association and 32 of his 35 Truck Drivers are out of work as a result of the strike. He has aaso been unable to deliver goods to businesses in this area. Fred, do you think the federal meddators will be able to resolve this strike . Our fingers are crossed, melissa. This is important. We need to get this thing over quickly. Melissa fred, what has it meant to you personally . It is hard to account for what the cost of this is. It probably wont be accounted for until after the strike is over when all the ramifications have dom noted down buttit is always devastating to me personally. And it is worrisome for me about my employees and my drivers. Melissa we look at numbers that are involved here and everyone has their estimate and theyre arguing over whose estimates are right but what we see is 1. 2 million jobs are supported by the ports. 400 billion is in goods move through the ports in 2011. So when people say shutting them down is a billion dollars a day or more, that sounds like a very at the same time, it is about, about 800 members of a Clerical Union are working related to the port. It is that they make 87,000 a year. 41 an hour. When benefits are factored in they have annual compensation of 165,000 a year. They are the ones started this strike because they feel over time their jobs will disappear as their work is automated. The longshoremen joined forces with them in support of them. What do you think about the case that theyre making . Im not going to take a side in this negotiation. I have feelings for both sides. Our goal is to get them together, work it out, and get us all back to work. Melissa what does it mean to businesses in the area when you arent delivering goods on those trucks . For example, what would you have done in the past couple days that hasnt gotten done . There is hundreds of containers sitting at the harbor that we havent delivered. Ive got manufactured goods going to a warehouse that distributes them all over the United States. It is not getting their goods. Their supply chain has dried up. Youve got consumer goods that are certain to hit the shelves at christmas. Where the clock is ticking on that. Is it going to impact their sales . Certainly it will. Melissa at the same time your drivers make about 200 a day. While theyre not out there driving. Are you still paying them . No. Unfortunately i cant pay them. We have to lay them off on the days that theyre not working. Melissa so do you have any idea what theyre doing instead . Have they found anything to do . Or are the families out that counting on . Sadly, they will come into the office and say, the first part of their shift and say, are they, are they back to work . Can we go to work today . All we can do is shake our head. Pbut theyre checking in every day with us. No, they dont have other work. No, their job is driving. Melissa what would you say to people on both sides right now if they were listening and watching the show . What would you tell them . I would urge them to sit at the table and be reasonable. Be reasonable in your expectations. Were in a down economy. Youve got thousands and thousands of people dependinggon you to work this out. Lets get back to work, guys. Lets make this economy grow. Melissa is there Something Else that could be done in the long run . People that are shipping through this port get burned is there another option . Because some of them made the argument, 40 of the cargo in this country moves through this port. No matter what people shift through this lane giving the people that are on strike a whole lot of leverage . Good point. Were always concerned by diversion to other ports. Were concerned about diversion to Prince Rupert where the u. S. Gets no money out of movement of goods coming to the United States. But still the Southern California area is suuh a large consuming area it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. If you divert 10 of the cargo away from los angeles it would be significant in the loss of jobs in Southern California alone. Melissa fred, thanks so much for coming on the show. We appreciate it and best of luck to you. I hope this gets resolved soon. Thank you very much. Melissa so heres the question of the day. Should the striking Los Angeles Long Beach port workers go back to work and save the holidays . We want to hear what you think . Like us on facebook. Co facebook. Com melissafrancisfox or follow me on twitter melissaafrancis. Coming up on money, egypts president repo