We don’t have a deficit crisis

Cenk Uygur and former U.S. Secretary of Labor Robert Reich break down why The Affordable Health Care Act should only be the first step in health care reform, and why the term “fiscal cliff” is a dangerous misnomer.

“Let’s say the marginal tax rate gets moved up, but only to 38 percent; capital gains gets moved up, but only to 22 percent. Is that a good deal or a bad deal?” Cenk asks. “It’s a bad deal. Remember the Clinton highest marginal tax rate — which was 39.5 percent — that is still historically very, very low.”