charlie rose than any other program. statistics i made up. anyway, you want to know why the super committee is super over? the panel is just a boiled down version of our government. we had two sides equally divided over taxes. more important it was reverse engineer for failure. creating the automatic triggers that are supposed to cut spending, panel could have gone shopping for hummels instead. so it comes down to this. the democrats want to raise taxes. republicans didn t. back to where we started hoping that demi and ashton could somehow work it out. so, eric, it s not super. what just happened? eric: i think we have been played for the fool. i honestly. do bring it down, exactly here is what it is. they want to know is it spending or revenue problem? it s a spending problem. $1.2 trillion in ten years. $120 billion per year. our budget this year, $3.6 trillion for this year alone amounts to a 3% cut. in spending. 3% cut in spending. meanwhile, we spent $460 billion since
program. statistics i made up. anyway, you want to know why the super committee is super over? the panel is just a boiled down version of our government. we had two sides equally divided over taxes. more important it was reverse engineer for failure. creating the automatic triggers that are supposed to cut spending, panel could have gone shopping for hummels instead. so it comes down to this. the democrats want to raise taxes. republicans didn t. back to where we started hoping that demi and ashton could somehow work it out. so, eric, it s not super. what just happened? eric: i think we have been played for the fool. i honestly. do bring it down, exactly here is what it is. they want to know is it spending or revenue problem? it s a spending problem. $1.2 trillion in ten years. $120 billion per year. our budget this year, $3.6 trillion for this year alone amounts to a 3% cut. in spending. 3% cut in spending. meanwhile, we spent $460 billion since the day the super committee
virginia s lawsuit, just one of more than a dozen challenging the overhaul. we will bring you that ruling as soon as it comes down, that s coming up in minutes. first, though, is the economic gloom and doom over, economists with the new year s forecast, we ve been all waiting for, will we see the market jump today good morning, i m bill hemmer, martha is off today. how you doing, arthel? arthel: doing well, bill! bill: shaping the news for us. don t let us down. arthel: i ll try not to, a wall street journal survey revealing a major shift in the economy. bill: stuart varney is with fox business network. for 2 1/2 years, he has been mr. gloom and doom himself. are you that way today, sir? no, i m not. i bring you three items of why it s called very good news for the outlook, number one, the wall street journal has a survey of all these economists, all are saying the pace of economic growth is going to be picking up from now, way into next year, but the real drama is th