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saw on the phone it is always a pleasure to welcome back to this program
the
wilbur blogger at the hooper blog
hopefully were did these blog dot blog spot dot com
possesses a still blog spot
and instead as you know amol patil high interest and i love that uh... i still
love the old blog spots
but but but another very many other left that that
now well asks carrying a card for the elvis indeed in many more in in many
ways uh... of
uh... so digby
there are particularly last week there were a lot of stories out
that the democrats
as heading to
to this uh... so-called fiscal cliff which i think it's just another way of
course to uh... a scare us it's gonna be problematic but did not necessarily in
the way that many of the solutions are floated
uh... what would have you believe
um...
the democrats
at least in terms of the sunset
sun setting of the the bush tax cuts
huge asterix
uh... seemed to have the aid new strategy that um...
different from the one that they had at least ah...
as earlier as late as early june
uh... it seems like they're gonna love these two
to uh... essentially sunset
assuming that the vote tomorrow
to uh... get rid of them in just put in a middle class tax cut uh... fails which
i think uh... we believe gimme gimme ur sense of this and
how how we'll do you think it is and how smart you think it is
well i cannot
but they should have
done there from the beginning in fact my my main complaints about the strategy of
t
democrats and the obama administration on the tax cut
got back to the beginning of the
obama administration in which i i felt like they should have extended the
middle-class tax cuts as part of the stimulus
and just basically got mad out of the way once that was done and you had those
replacing you know extended permanently
and then you could have you're only dealing with the tax cuts for the rich
going forward which is a much easier left for that for the democrats
i never understood why they didn't
could get that done independent had the majority of the congress
in a case that didn't happen so now it seems that you know they're thinking
that what they'll do it but uh...
tax cuts expire
uh... on schedule at the first two years and then come immediately back in with
the op on the tax cuts for the middle class switch
makes consented to mammy i have no problem with the idea of a lot of
you know forcing the republicans to vote against tax cuts for the middle class i
think that's a beautiful
you know tactic kiki years and i think that they that the republicans will not
uh...
actually
you know obstruct back that that seemed even the bridge too far for that
could be rock
and if that's the case then you know then we have a battle royale over tax
cuts for the middle class in the republican not wanting to give it to
them and that could be uh...
a reasonable place to park at the beginning a new conversation about
what's really going on in washington
i don't know how curious democrats are going to be some kind of negotiating
position and i i am
you know it's a risky thing to do
um...
dev republicans has shown that they will
take things into the thank you for the very limited company on any reasonable
place in negotiations with our ticket with the debt ceiling uh...
and they've proven that they are hardcore negotiators
you know i think that it's thirty smart move for the democrats because otherwise
we're in a situation where we've got this troop of
you know centrist and and conservative
outsiders in insiders who are
converging
uh... on this idea enacting simpson bowl
which uh...
you know
etc them far far worse than a lack of the tax cuts to expire in in dealing
with consequently of them
yeah i mean there has been
there just seems to be an enormous amount and and this is the stuff that
that that basically just you know you get these small pieces on non-political
or these because they're all
all it's it it it's all happening in the beltway you know every now and then you
see some type of op ed uh... you know david brooks ian now op ed talking about
version of new label
ols third way americans elected uh...
essentially say that
he gets fixed the debt uh... i mean it just goes on and on
they all seem to be the same people abate they're constantly funded uh...
many of them funded by p peterson
um... telusu pete peterson is
and and let me let me just
full disclosure
uh... in the last day that uh... i was on dylan ran against program before if
they want off the air
um...
i didn't have a tie-dyed meant to bring one just to show my respects
because i a time
and no longer wearing ties on t_v_ until
maybe in the event someone pays me i'll do it but if if and uh...
and so uh...
i didn't have a tiny
a data and nice very well dressed gentleman came and he was apparently gas
in the sheraton ugly was
and uh... i was he heard me complain by so i have an extra time
he gave me the time warrick i didn't realize who you wasn't ill
are ragged was interviewed him and
you know also sort of indicative of
of of this sort of the
these strange
sort political sphere that uh... rat again inhabited it turned out to be
david walker
thailand are tough
as i realized i was wearing pete peterson's tie
uh... for all intents and prone might go up
uh... delivered this south high it was it was difficult that it i think that it
felt it tightening itself around my neck i imagine almost automatically as i as i
made it uh... it to the ruba tell us who david walker is but more importantly
pete peterson and uh... he's sort of ongoing agenda to cut ourselves scared
well people senator kerry get there
and major major a hedge fund manager master of the universe
to and around for decade
he was in the nixon administration he made
billion literally
um... in the market and here's departed
a good portion of his life and now a big chunk of the fortune
to you in a force of security and medicare now justice under the
opportunities of you know fixing the deficit for the grandkids in what have
you
you know he has been quoted over the years shaping up like we can afford to
have you know
people spend the latter part of their life and i paid government vacation but
i think we
we understand where he's coming from
moreover
win the
in this is what i think it's a great evidence for what it's really tentative
when they when the yatin government when in fact left under the clinton
ministration
pete peterson disappeared
keener kidder word about shoring up any of that you know done programs are doing
anything like that he didn't
come out for clinton and gore plan came face social security first reading about
that
he was you know right they're taking a tax cut
uh...
and spending all the money
to anybody have a good deficit hot intended that
i think a pig in a way
uh... he was there
uh... only when there's deficit and only then can help
talking about
major
cuts to the safety net program that you know every american benefit
to be fair i i i i think he's on record uh... back in ninety six saying that so
scared he was in uh... salon crisis and we need to go out how to save it
and hence you can play and that has seventy an email ronald reagan credit
note sixties but again i was going to be broke by the time they you know couldn't
management twenty one years old buddy
coterie getting ready to retire early they've never changed their cain about
that and then panicked i think we have twelve perfect
it's not just republicans there you know wall street sharks
a plenty of democrats have done this and think bob kerrey who is running in the
end i went out for are is that i won't positive
nebraska right uh... heat you know he's running for the senate and prepare now
from faulty it in nineteen ninety nine he's said it was clear that by twenty
twelve the entire government would be broke
from paying for
persist security
pin
yeah i mean i guess so you know time this taken away but by the election
maybe he'll be prereq
if people been saying that forever
and um...
you know it's never true because it doesn't even make sample uh...
you know it's not if not
there three theoretically
impossible for the for that
government actually you know quote go broke it
entity that prints the money but
now in the lab uh...
there's nothing going on forever and and these guys just basically have a
a little tropical
you know how to bility cabey fifteen program pete peterson
having made the billions
uh... indian exporting way unbelievably well thing
have devoted to fight any in his return higher mints more last he had to create
the peterson institute which is devoted to good cause
and put a billion dollars behind it meant a lot of money
even by you can buy d_c_ standard
so he's paying half of washington at this point
uh... their you know half of that uh... the political adult abbas mended on his
payroll to one extent or another
and they're all working invariants wave that he's got centrist and came to fight
cabin
numeric a foundation which and i think anybody considers to be some kind of
uh...
doctrinaire
conservative
you know think eight tickets supposedly nonpartisan
but in out there working
nine day on this project as center for a responsible budget which is run by women
in miami kennedy
she's been on the difference in ninety and she's the one who's behind this
latest attack
here they come up with a new
slogan every few month displayed appointed fixed at that
which now they're bringing and c_e_o_'s which uh... i i don't know what
the problem is with people in washington he think that this is the moment
to bring in pete titans of business in wall street toledo
but with
his who is i mean i saw this peace agreement
who are or who is calling these people together we're talking about the
did the c_e_o_ him chairman of honeywell
leagues ek it is a chairman of
of uh...
of dei
berets sheehan
load tenneco invesco i mean to sound sort of like thomas like a parody at
uh... uh...
r_r_ donnelly cad mean it's uh...
jamie diana news coming in uh... that's a very nice uh... to see that he's
coming to our rescue now uh...
but uh...
who is ill who is assembling these people and and you know this is the
interviews is why i want to talk about this now with you because here we have a
time where virtually
can get through congress right i mean
nothing nobody there's not a in no even the policy wonks are basically this is
when they're taking their vacations because they know nothing is going to
get through this congress yet you've got the c_e_o_'s who are sensibly uh... you
know incredibly busy uh...
and uh... because you know you've got to work hard for your hundred to hundred
three hundred four hundred thousand dollars a day get paid
uh... coming into washington to fix a problem that supposedly will not get
anybody address their all
all hoping
they all see this lame duck period as sort of d
as the golden chalice don't they like this is a this is the height of our
power because there is the it is being
minimal amount of accountability
and ya that's absolutely what it is now i could just go back to your previous
question i don't know who is in here is gathering people together but according
to protein in washington post
it's miami again is that the committee for responsible federal budget to heat
says
with quote
nudging along and pulling it all together stacking up
whatever that means i don't know
that anybody has that power but i think that in the in mid in
general what you tell what you think that we true
if he gets at the moment and gave actually
and i think it was uh... an accident buddy compound that in their view being
a very propitious
lame duck and waited
maki shudder when you think about it that's what this
this booklet is
is all about
you have several elements that are coming together
just before and after the election one is the continuing resolution which is
the ability to
keep funding the government that's what the government shutdown argument
keralites about it out there really have a budget they haven't
systemic read anything but what normally happens when the government is that day
they up at this continuing resolution which allowed the government to keep
finding while they're arguing alfred normally i mean it happens that you know
in october of every year
um... at the end of october in an election year it would be performa it
wouldn't even think about having that argument
while everybody's out campaigning there is a some question as to whether or not
that's going to happen this year that was like this to all myths about this
that we should know wise
the series of continuing resolutions are hard
or the effectiveness of government
opposite
makes it impossible for any agencies to do any couple long-range planning
because they have no idea what the budget's going to be
so if they just had this is sort of like okay with you know keep operating at the
same budget for the next three months six months year whatever days without
any any capacity to know uh... whether or not they're going to be fall uh...
functioning or being able to start uh... programs or
whether they should wrap up programs
and the other element is that
this is going to be this guy has the potential being very sticky for
republicans this year
because of their because they're because uh...
this usually is pro forma but
uh...
how we could be a and i've seen this uh... this story uh...
uh... in roll call by stan collender where he talks about this could be a
problem because
the the tea party may rofl
ought or any other while ecology party which is called in
most of the republicans
uh... at this point
mayoral vault
and uh... of forcing age shot down
and bainer supposedly afraid of it do you think this is the case or is this
more to sort of bainer select i'm just in charge of these crazy lunatics you
need me
how everything standing between us and armageddon
it never uh... you know it's never clear and you know if i would have said always
that of course pisses nonsense in that he's playing a game here he's
negotiating
but do you know you have to admit after the debt ceiling last year it did end up
you know i think they're really did want to make the grand bargain and they
wouldn't let him talk
it hard to know on the other hand
one of the things we call underpants said in his article that i thought was
but quite fascinating is that day randy today
you know that the right wing at the that house republicans
trying to put some
you know they're trying to to uh...
decouple the continuing resolution from the
sequester which is all explain that americans that
uh... deftly defense pat and then they're talking about
cake in the defense cuts off the table in in order to pass this continuing
resolution
which the democrats are balking at as saying no way we're not going to do that
so
it can't be the democrats
if the republicans put a bunch of conditions on this continuing resolution
that they find you know unacceptable
at the democrats could be the one to block now
keep in mind that this is all happening provided of the election as is if
happenings so
we will have to pay a whether or not any of this country to pass if you were if i
had to make a bet i would pay won't i think that this is one aspect of the
physical class
that i think will probably make it beyond the election now what happens
then they could pass one you know among continuing resolution
comeback in the lame duck and deep god knows what that is part of that
happening before the election that that strikes me as a long shot
uh... there's also debt-ceiling which is you know that was one let me know
the laptop agreement that they had with the short term d_o_s_ you recall and
that's going to come up again and we already know that failure and
his um... *** head
archana absolutely will not raise you now blah blah blah break at that filling
without cutting i don't know half the government
that is that
band at the beginning of the year you have to put bush tax cuts hiring him
where he talked about
possibility there
in heavy budget triggers
that that's been sequestered
and this is this is a function of the last debt-ceiling vote this is larry
they were going to have a super committee
uh... and they were going to get together and they were gonna figure out
how they were going to cut everything
and if the chief one point two i think it was trillion dollars worth of cuts it
would stop the automatic triggers they didn't so now we're left with these
automatic triggers
what what are
are the what is the amounts in the types of spending that will be cut uh...
automatically supposedly in twenty thirteen
i guess jess right around the time uh... of uh...
uh... of the
uh... and not eurasian or
reevaluation depending on the on who wins
uh... there's basically two different uh... sir elements to this
and now there's weekly
at one point two trillion dollars in cuts
amin that's a lot of money and half of that is uh... defensive
and haven't had a domestic programs
uh... excluding uh... social security and medicare
uh... yeah i don't know though is in that
ending the f_a_a_ and the f_d_a_ and
you know amal veterans programs or something
um... the apron very very quickly pat finn completely unacceptable and i think
anybody ever expected that that was going to happen
they can say one thing about that
um...
you know sonal
they created this
as sequester they created this budget tracker and they can un created at any
time they walked that was not written didn't come down from mount finite it's
not bad an amendment to the constitution it agreement that they made amongst
themselves and they can agreed not to honor it and that is exactly what is
going to happen this idea
that this is all written in stone that these things are all happening and it's
just it's a horrible catastrophe in were all going to go over this client
if we don't do something i_d_
cut social security and medicare
then the whole world is going to come crashing down is non-defense
these are all agreement that these people made among them self to do you
think that a particular time
and there's no reason that it have to actually happened that way
so you know this is dare creating absent of crisis
in order to come back into the plain that compassion
and to date do date greatest amount of damage that they can't
i reject the whole premise
of the physical class and i think that you know were all these suckered into
this more distract you know with its obviously we've got a major election
going on there is a lot of
activity happening in the world that you know the economy to grow a little bit so
i think i think about but this particular thing is happening within the
beltway of mankind
the beltway only any clinical banishment to are
buttoning up this crisis which nobody understands any just up talking about it
would probably confuse people more than they were before
and
at the end of the day they're going to used it as an excuse to do a whole bunch
of things
this is a very bad contraction and you know might personal feeling is if that
we are
better off
you know it kind of having a standoff
and
ending up
with gridlock in which they have to continued this
gave you know
go ahead and and laid off on another few months to get you know wait till after
the inauguration i think you have to deal with these tax cuts could happen
automatically
uh... headed for reality enough in the statute
itic spock ears
i have a problem with that you know
if the democrats as setting it up
they had everything going to gridlock except in including the bush tax cuts
and they come back and january first in fair play were introduced a new tax cuts
the middle class
that's probably the battle gnarino right on because i i do not traveled any of
these people you've got c_e_o_'s you've got jeannie dining you've got the p
peters saying you've got the you know all the think tank to raid
all of whom have been
you know making the case for decades now this social security had to be cut money
to take one point clear
in the pacific here deepak what they're probably going to do is reduced the cost
of living in a way that sounds very benign if not denying it scan it end up
costing down the road to ninety-year-old mostly women
ten percent of them bigger income when they're ninety years old
at the of the huge seepage
unit sacrifice and their part
meanwhile but they're going to ask in return if they follow this simpson bolts
formula which seems to be the agreed-upon very serious
people
a formula
they're going to ask they're going to have slash income tax rates
which makes absolutely no fans in return for a closing loopholes in doing for
mother's three things around uh...
the edges which will not break any revenue because we all know the united
full employment act for tax players and lobbyists
and the only people making sacrifices will be the very elderly people
down the road i'll be point of them you know you probably will be too
p
you know the billionaires
if get money for them it
it not
and probably not even that
it is now bargain it no bargain for the american people if they do this
itnet there's no reason to do it and the idea that the democrats are even you
know considering this whole idea that ballot approaching
we have take you now have a grand bargain in everybody's got skin in the
game and all that now
if it's not necessary we don't have to do it it absolutely rediculous and it's
all kind of happening
it seems like it's a runaway train at the moment so again escape scenario to
keep party
and the democrats
got a lot ahead to nothing happens at all
intended to serve the people know
when you hear
the that there would be
the indictments allege that they talk about that time the uh...
uh... cost of living for the living increases will be to change it to the
c_p_i_ those of the nightwatch words when you hear someone saying we're gonna
just changes to the c_p_i_ what they're saying is we're gonna cut your benefits
and uh... also obviously the same thing with the idea of raising uh... the
retirement age
uh... if you if you add
uh... training the c_p_i_ and raising the retirement age
you're actually talking about
money that will be larger then the cuts you what you're actually talking about
the larger cuts down the road
then would be if we did nothing
as they were talking about cuts up to thirty percent
uh... with the it with those different features combined to avoid cuts of
twenty two to twenty four percent uh... starting in uh... twenty thirty one so
that's one thing to keep an eye on the other thing that that seems to uh...
u_n_ you touched on this is this
this notion of their agreement for these automatic uh... cuts
this is the functional equivalent of me saying on a friday
i am going to on going on a diet monday come hell or high water
and monday comes under seige
actually think it's probably better for me to start next week
yeah not feeling well today so i don't think i'll be right
the
and again that's being played here as far as i can tell him we already had i
think *** cheney uh...
of visited congress uh... last week
to come in and tell people uh... teller is congressman ailich if you cut
fifty billion dollars from the
uh... from the defense budget over the next tending a fifty billion a year for
the next ten years this is going to leave us
we you think where infiltrated by the muslim brotherhood now way do you see
what happens
uh... matt you know uh...
uh... with these cuts
my that next do you know the parents will be here opening byron movie theater
company in the economy exactly and
uh... the but the
the other half of that eddies of five hundred billion dollars worth of cuts in
discretionary spending
which would essentially
this the cuts uh... we're talking about a defense relative to the at the same
out cuts to discretionary spending it's off the charts in terms of the size in
the impotent occasions of those cuts to discretionary spending
is big and let the democrats are playing right now
and i'm giving them a high am higham
and projecting upon them the best of intentions
uh... which obviously is a very uh... perry uh... prospect of items in
would uh... begin that they're playing is that we're gonna hold you to the
defense cuts
um...
because we know that you will not allow for that
and therefore will protect the discretionary cuts from happening as
well
ami oke the the worse case scenario courses if somehow they managed to not
have the cuts on defense if they were any decoupled
and we would just left with the discretionary cuts
and they give me your sense of of of a how that is could play out ornette and
if you seen any
reporting or any conversations you've had a specifically on on that notion
well i think that is
daddy is that's the strategy i mean i think they were set out to be that
you know that that you couldn't
even if you had to go all the way or the whole thing would fall apart
because everybody knew
damning anybody doubted that this that democrats would probably in the end all
while the
the discretionary cuts to happen at some level i mean they've proven over and
over again that
you know they're they're the ones who are willing to pay one to be the growing
up in the room and whatever else
tell you now dell dell agree to that
nobody
i don't think ever believed that the republicans would go a lot
with the tax cut and keep in mind also that we had leon panetta come out there
in plano defense cuts so it's not like it's not a bipartisan agreement that
so uh... you know i think that that's what that whole thing was designed to
deal which was united they were going off at one another and therefore it
wouldn't happen now they thought that this is going to happen in a super
committee
yet about the effort did to be honest with you i mean i think they thought it
might work but they kinda knew that it probably wouldn't
it shut everything down the road now they want a union out after the election
they'll come back and take a fresh lack
but those defense cuts are not going to happen sam that methodist it's
impossible
to imagine it
no what they want to do reviews all this pressure from the fiscal clip i think to
christian symbol thirteen oh whatever that new branding orphans people fit
and that does not include financial cuts to prevent that that is not with that
is about
and he basically what they would but simpson balls but they really want to
accomplish with all this
gift to you know cut safety net program
income tax rates now keep in mind here so i think that one of the most perverse
aspects of this whole thing because they actually cut taxes
they want to cut the rate
but what they're saying they're going to do if they're going to close the
loopholes and
quote tax expenditures which are
uh... tax incentive substantially
they're built into the system
and they're gonna cut all about
well good luck with that because but we do you know you've you've been watching
what's happened with dot friend crank shirt do you think you know i mean they
have been in there with him
army
of lafayette
to with the water that thing down to the point where it's almost you know
it's infant nearly nonexistent
that's what will happen we've seen this before
i mean we squeeze into however under under reagan
and you know how i i i uh... i don't wanna be in a position of of quoting
gopher appeared to uh... to bolster my point but i'm but i was done on larry
cudlow show with fred grandy
former congressman uh...
gotta go for brandy and uh... he was on the hill at that time as a congressman
and uh...
was the one uh... on this show made the point that
uh...
the whole idea of that uh...
nineteen eighty six i think it was on the bus tax cut that uh... reagan pushed
it was that well we're cutting rates
but we're we're we're closing the loopholes
and within three or four years every single one of those loopholes was back
okra in a piecemeal fashion because that's a very easy thing to do its
always easy to create those loopholes and most people don't even understand
uh... they're they're done uh... in a very sort of
about ninety you driveway
and uh... ostensibly there for middle-class people who take the uh...
the home mortgage uh... deduction
this is ostensibly something that will uh... puts people into houses uh...
in ona cheaper way buddy the benefits a crew of course
um... more so if you buy a two or three or four fifteen million dollar home
uh... in those instances and
uh... at the end up jacking up the price of houses anyways
uh... sicko is just one of those sort of tax expenditures that uh... isn't easy
ceylon impossible to get rid of of and said that that's the that's the plan
and when you hear
i'd get rid of loopholes
uh... basically it's just a way of saying hit this what would have been
loopholes for his anywhere from the uh... six to eighteen months and then
and then they'll be back
and credit
here are
inexplicably lowering tax rates
saying that this is an interesting and by nobody questions best i mean if you
think though you know we've got a fix-it epicenter grandkids are going to be
turning that that you know the world coming time and we've got a clamp
armageddon whatever
and you're lowering patrick and how does that make sense
why aren't they
at the least
keeping the tax rates and closing the loopholes
while i can wear skinny d'amato worth that now there's a whole you know school
of thought around you know
what is it but broaden the base to lower their rates you know all this and it
doesn't make any sent in fact it reminds me
so much
of the whole for apply five magical thinking yankee if we'd just lower tax
rates will bring in how much more money
yesterday at the end
dip for them to get away with it a second class for gifted unbelievable
and yet here we are again and every twenty right here everybody from andrea
mitchell yet no
dianne feinstein d number of other people
just repeating that like it makes it
all we need to lower their bait in order to close the deficit in oklahoma what
happens is when you
lower people's tax rates they have more money to spend on uh... unicorn food and
everyone knows it's the unicorns running faster which create more economic
activity
and i generate more revenue acquire of court but keep forgetting about the
required
then a magic pony
so this is all
are all part of that so we're going to so as we enter into this i mean you get
the one thing that actually sort of thing for me
gives me some hope is well there's two things
one is is that uh...
even though we have this lame duck session from november two too
theoretically i guess more less christmastime
um... it's a very short period time for these people to get their act together
which is why
these c_e_o_s in these new no labels are all trying to tee up stuff to make it
really easy at that point
the other thing is is that um...
if mit romney loses the election
nif mit romney wins the election amin celta
inopportune that none of this all of these conversations are moot go directly
to uh...
i do not pass go go directly to the worst-case scenario and all these things
because it would also indicate the
uh... republicans taking control both houses which is
of probably more than likely even if uh... president obama's reelected but
uh...
the uh...
the is new prominently
uses the reaction by the republicans of course it is going to be
he was not conservative enough yet and the this could actually save us on
almost all of these accords in in it seems to me because it's going to mean a
hardening
uh... of the republicans
uh...
rather than a softening as
uh... i'd guess president obama thinks and the uh... sort of the
the conventional wisdom which i don't know if they even believe it but that's
what they say uh... people don't realize that have never on the loses that means
the republican party moves even more to the right and becomes even more extreme
because they are in there are propositional posture
absolutely you know this is
i had this texas one of the that you know that they the artifacts
of them nominating
a you know a tow called moderate which by the way he you know how to keep
anything actually i think he
whatever they tell them to be at this point but
uh... yes of course they world they will see him is that you know the ultimate
betrayer of the conservative cod community everybody that way they treat
george bush that way
and that guy was a real conservative
um... and it you know that that guy i feel hardening is well it's it's almost
too bad i had kind of waste
it would be good for america if they had nominated a true hard-core conservative
and the person you know i'm goldwater type scenario
and the person lost its
you know absolutely without question
uh... they would have to actually start re-evaluating
you know do what they're doing but they're not going to do that at the time
they will be able to absolutely i think and i think hardened their positions and
inouye
because the democrats just so willing
too
you know go along with the conventional wisdom about that and what have you even
though what do you know i mean think about the context i mean look at what's
happening in europe at that working out for that
yeah the left mike do what they're doing okay great idea
you know they act like the democrats are added
you know that they they may be willing to do to come
bargaining in a way that is not good for america and and once again it may be
that the key party or that you know the right wing of the republican party face
tough
i mean i hate to think that way
uh... it's not good
date there are many
sainsbury actress to her many many things on the agenda that need to be
dealt with
we have problem big one
and we can't even go near them all we're doing at this point is trying to stop
the bleeding
and these people are trying to believe the patient
well you know we had a that that's the best we can do
this fight them off
to fight off the leeches
and uh... try to keep them from making things worse it's a terrible position at
the end the allies
in a weird way
you know the crazy people with the leeches in you know they're mad because
their they're not putting enough leeches on so they won't let them put in a you
know atlanta d_n_a_ admissibility s that the the democrats if the if the if the
republicans showed up with the couple leeches the democrats could probably
sign onto that buddy
buckets sitting back and dump truck full of lead to perfect degraded three
democrats going to be aris that that it is a threat where the second year you've
got a dump truck load leeches
uh... and so
that let's leave on that note flanagan one game instead of you know fatherly
kiss 'cause that's even progress buat fred praying that the uh... republicans
show up with a
with just more leeches in the minds can conceive of maybe it will be safe
it's uh... huff
yesterday for are necessary converted in some of it by decrying and some of it
just by accident that update all this
you know all the status of the pinnacle clip into the fold up for me to be
realistic miniclip point out one more thing
there are two other things happening lee indexation at the end of the payroll tax
cut and extended unemployment benefit
uh... if it goes by the painting area that it did last time
dead that you know we're going to p a build-up of all we've got a healthy
employed people it's a terrible which we do know i mean i'm not enough and that
the deluge that that'll be the hostage and i don't know if they could throw in
something else anne and i don't i don't know what it would be i'm thinking maybe
from you know
immigration dealers something like that um... where you know paid a day to hold
it over the heads of the liberals unfair how could you do this to these poor
people we need to do all these other things hope you don't keep an eye on
that that that that those in the campaign
that's they waited for those people who know let me know the edges it's it's
it's an interesting
uh... it's an interesting dilemma because obviously
uh... we have uh... it extended unemployment in this country now and
nobody seems to not of our lead seem to do want to address that issue
and they will throw this bone out there
the same with the admit that hahaha you know
putting aside
the meager stimulative affects of uh... of
of of tax cuts
uh... by i would just assume allow that moratorium on the soc purity taxes to
uh...
to centrally explorer
and uh...
you know then deal with the problem that we need to fix the economy uh... com
uh... the
two thousand thirteen this spring and then the only thing that i think would
create less urgency
on behalf of the democrats to re to extend that moratorium
is that they are now at that the very least houses to a half years away
from uh... the next election
uh... in in the senate and the president will not have another election and so
maybe made b
they will really uh... makin a genuine attempt
to stimulate the economy in the sort of
less uh... clandestine i'm way um um...
raat then these is sort of
not even case measures that that that they take that ultimately
end up being bigger excuses to cut uh... are you know our social insurance
programs
yet well no premier let and in that
that that that the best-case scenario there at that you know somehow or
another that whole thing shake-up at any age you know i i i am always kind of
you know i'm writing pray for gridlock but it's only because
now in fact i think we have to stop what both parties are trying to do in
gridlock is the only way they can do it but you know in reality
there are things that we could do to help this economy and it would be really
really great
if we could
do that and you know i could
uh... if pot of gold that somehow this whole thing you know the fever could
break
uh... maybe maybe the expression of the bush tax cuts and the idea of the
replacement tokyo bomb a tax cut
that seems like a pretty shocking thing to me shocking to the entire system of
uh... the uh... you know at the political establishment
to have them come n and and put down the cable middle-class tax cuts and you know
and i should play there's a lot of people out there who could think that we
should let both of those tax cuts expire i'm one of them as but you know and and
and i don't and out on a theoretical basis and i i don't have a problem with
that but i think that could be economy in thank you enough
that eight it it having middle class tax hike
at this point it's probably not the crater that idea i have dirty alike
you know they pick and i'm not going to find a political level i think you know
economic level we may stay in the mind of another tires years let's say i did
not like that and keep fighting over middle class tax cut tonight i mean
instead of you know
when i mean i thought we could bid
bahut when when when the time comes you know i think you know well will be able
to deal with that a little bit more efficiently and i could be wrong about
that but but i uh... you know i just feel like that better terrain for for
the democrats but maybe that will break the fever i don't know i mean you steve
got the entire year group of of elites both government and financial and
business elite who are keenly determined
to do this tank
and i know i think there was no opportunity and uh... this could be one
of their best opportunities and i think that's why they're so
there's show determined they see this lame duck session as
as a field of coal
uh... for them
and uh...
and uh... the last time after that carry out the metaphor but
uh... it will they want to uh...
they wanna shower us with gold as it were from uh... yeah i think a lot of
wide that they'd be and maybe next time we've got to uh... they we get a pre
take these things 'cause every time we talk i want to do it
yeah i have a drink and it's just an absolute at least a vast new nominee
says that uh... yeah but i really do want to thank noble drink while we're
doing it you know that might actually help in this effort
when they come in from the blog hullabaloo addict these blog dot blog
spot dot com always a pleasure thanks for joining us
thank you can't