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What do Americans know about the 'fiscal cliff?'

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    Jesse Watters quizzes folks about budget debate in Washington

  • Duration 4:44
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-- of a segment tonight -- -- world as you may know the -- in Washington can't get a budget deal done so everybody's taxes Michael up January 1 and severe cuts in federal programs might keep him as well.

Debate has been framed as a fiscal cliff but that's a cliche.

The real issue is fairly complicated macro economics.

So we asked Jesse Watters -- find out what the folks.

Think about.

-- fiscal cliff I keep hearing about.

Where is this -- I have seen he had no idea it -- you a pretty sorry it's in congress.

It I don't know anything about it hurt the most -- and now -- know Atlanta and its related to the Mayan apocalypse and British.

You know what happens when we go over the -- -- -- our taxes -- last.

Military starts losing money and you like that I'm fine with -- you thought -- was that a lot of money and those that are defined -- -- Clinton or some imaginary.

Let's somewhere in my mind that Robin and jump off.

You mean he -- allowed -- I really -- better.

President Obama house speaker John Boehner helped create this fiscal -- And they don't -- long term budget deal -- on January 2 2013.

Massive automatic spending cuts -- trigger.

Now do you know what the president's plan is to address this plan that he says he wants raise taxes sign in other its people.

Every time comes on the radio or the -- I turn it off.

Raise taxes on the rich which I think we'll find government for like a week are you worried about your taxes going -- no I actually hope -- is of that happens.

What let's -- off the cliff let's do it nearly John Boehner is.

It's ten guy he cries a lot -- the end I think the thing you know -- John Boehner of my best and.

I've seen him yeah he uses maintaining that -- hook up with fiscal cliff.

Yes you have Fred very worried yes indeed -- -- -- Yeah.

I think you're making me Meredith.

Just the day before the painful spending cuts take place the bush tax cuts expire.

That's what it called the fiscal -- President Obama want to -- -- taxes go up on the so called rich.

Generating eighty billion dollars in revenue.

-- -- eight days of federal spending less than 1% of our sixteen trillion dollar debt you know how much debt America is -- right now.

I -- I Delhi and like fourteen billion dollars.

You know what our national -- is right now no idea.

Many say Thirtysomething.

So we're sixteen trillion you can double that are you have factor in my head violently ill and I.

-- I love him I'm too cheap for cable and all below hole you like what you almost every day I can only be at the line of news -- late really to avoid what specifically.

Thank you for two years and I'm really good person asked them to death even in France.

All talk and there.

I -- -- around DC IR and I always asked his question but it's interesting to me.

He talked to what couple dozen people now about two dozen all right so.

What percentage of them had any clue at all with the day I'd say half of them were clueless on the -- to have it at present no -- -- -- it's because it's so boring it is -- no one cares.

-- talk about trillions of dollars and you know they do this.

Then who cried wolf all the time.

They have these clips with the debt ceiling with the bush tax cuts people are numb to this they do this every Christmas that.

Don't care.

-- number one and it when you see sixteen trillion dollar -- does -- mean anything can now because nobody knows character -- and a if you said look if you don't make your car payment guys are gonna take your car -- that's real long enough.

OK number two it's a pretty complicated situation it's not just raising taxes on -- wealthy corporations is a lot of other stuff involved and is well.

But.

Out of the two dozen people.

Was there anybody who would there -- was there one person who really had a handle on.

It will and we -- -- into an actual person who works for a senator.

And -- that was that made the package because without her no one would have known what is going on -- -- 120 really nailed it got -- she's a fact defendant actually said she loved me South -- who else.

You can't have everything.

We just wanted everybody -- as you go to Hawaii.

Want to go to -- The focus the president's vacation area and I'm sure the president's gonna invite you -- you know you'll be out you'll be wacky tea together and how well all right next week --

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