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with us once again is attorney mike happen till you also cohost of ring of
fire radio mikey had this great interview with dean baker the other day
were you were filling in for addtional too dot why deficits don't matter and
before we even get into that kind of the the economic arguments about it
republicans have not always being so concerned with the deficit right i mean
we even have many republicans on record as saying
the deficit in and of itself is not that important so therefore is it safe to say
that talks of the deficit now is for political posturing
it always has been david as you did you get on the head when which was running a
s into an abysmal economy
but not because he was raising debt but because as mismanagement was sympathetic
we we always hear would that as a matter of it
the truth is people misunderstand this topic
and uh... you know what the uh... the the capitalism
is geared towards working and functioning properly when you have money
in the system
if you analyze what's happened here if you take a look at uh... rhinehart and
woodrow top-flight that's the frauds that's the fraud study that was done
these two characters come up with this completely phony that story
about how
the deficit affects the jog job the defense economy
it we have to bring the deficit down
they were kind of they were plants
by gain guy named p
petersen who you may be familiar with
who's been trying to raid the social security system for for a decade he uses
it
gazillion areas may be his money not by building anything
not by making anything that's been splits of worth from the economy
the by looting small companies that's what this guy that's
the people who were his voice
were ryan hardin road off
who wide to the entire world they said they did this incredible study
and that the study showed
the gee ***
if you have high deficit uh... for any government that you're going to fek
mikoni across the board we found out it was phony dup
it was a lie
the dot the numbers they use were completely work wrong
the omission of the real important our numbers was overwhelming
so here we have that that's where we are with this argument right now david it's
it's a bizarre crazy argument
unfortunately
all bombing continues to make the argument
yeah and week we see so many people parrot this without any real
understanding in the if we need to look at those interesting videos from the tea
party rallies where people are asked me what don't you like about
progressive policies of president obama or whatever it is
people to say
the deficit the deficit and when you ask even just bull what do you mean by that
would even makes up the deficit people don't know but it has a lot of cachet
people are being drawn to this for whatever reason why has it been so
effective in cattle ising displeasure
with with this one is politician or another
date is one of those frank luntz kind of focus group
talking points that they have focused to death
that's why you can ask the average american
of what about the deficit and they say you know
white we don't want you to cut our social security we don't want to cut any
kind of of of programs that affect us
but we don't want big government and we would not want big government programs
because they have been lied to
and here's why
capitalism is it a point right now the david where what you have is eighty
percent of america's wealth
being held on to by about two percent of the population now
so what's that were that's telling you is you have to pursue the population
that has all of the wealth of the top that is not trickling down so add to
that now this sequester kind of argument the sequester argument you have to
analyze in terms of government historically puts money n down at the
bottom so people in the middle class and lower middle class the them the money
infusion comes from the bottom in trickles up when people are have money
they buy t_v_'s they buy cars they
they make the economy vibrant still right now work at a place in this is
what's very scary
what we're at a place where the americans don't understand it
that you can't have all of the money
sitting there at the top
not being dispersed to the bottom
and now the government has cut money out that should move from the bottom up
that's what sequester his done that's what paul krug man's been salameh's
that's what state which has been telesis what wolf is mandela's
for a long time
it but nevertheless
the typical
talking head in in the media for example will hear there's one line people that
should know better people that's by god they know how to read
but it's almost as if they can read and they don't understand the argument
they're out there saying
gee-*** sequester
maybe it's gotta be good because it's current it's gonna lower the deficit
what ends up happening david
is money that used to go into social programs like housing and education
those programs are cut out
those are middle class middle class access money is what it's called
units dried up
i don't know why the messaging
hasn't been more efficient on talking about why these deficit deficits matter
arguments
uh... i think you know there was if i were to say to someone
i've bought five pizzas and someone says
world that's too much pizza
were missing a key piece of information right which is how many people are there
so just knowing that how many dollars of deficit we have been saying whoa that's
way too high people are missing key pieces of data and analyzing that but
nobody seems to notice it
well that's an epidemic right now we have to assume david that what happens
in the media
what should be happening in the media is it used to be s an access
uh... source to educate the american public
what's happened now and all the numbers show this all the studies show this
that the people that are moving into the media business coming out of what used
to be considered
mainstream journalism schools where they used it they would be news editors they
would uh... they would that if this is used to be on how do you take
information
and reduce that information is something that people can understand
that used to be in emphasis and now they come out of school
they weren't able to analyze the fact that we were lied to about iraq they
couldn't even analyzed one in the hell was going in iraq they never analyze the
idea that we had a housing bubble that was getting ready to take place people
were telling them that there was nobody in the mainstream media that actually
adequately but that kid
that get analyze that in present that
the same way with social security they don't understand social security
they don't understand how soon the sequester
is closing capitalism off
capitalism requires
that you have money in the system
so now the money in the system is being held by the top two percent the
government that used to put money in the system from the bottom they've been
dried up now so what does that do the middle-class everybody below the problem
is the people who are the voices
the talking head pundits
don't have enough damn sense
to analyze what's going on
in big
that's most of the time they can even delivered to the mostly because it's
becoming infotainment
their is no way for the american public understand what the hell's happening
with him right now
last thing on this what's the most
fective weighty youth do you think
to communicate some of these key point is it to say listen
cutting stuff is not going to grow the economy
and if you grow the economy
affixed amount of deficit dollars becomes less and less significant ways
that the of good argument in a county communicate that
well ya their there is something there's something that's called willingness to
know is an attorney i run through it all uh... all the time when you have a jury
and what you have to break through is
their willingness
so wat to know and sometimes you have to break it down so simply
that it's easy for them to understand in about fifteen
maybe thirty seconds that you have to break it down that easily
somebody is very good at it for example is robert right you'll see him from time
to time
yeah now in data on the internet with presentations on video presentations
where he has graphs and he has very simple presentations on
how do you get this message out
unfortunately
we don't have enough access we don't have enough ways to distribute
those kind of simple messages instead we turn on to face the nation
or whatever this what you know whatever the weekend idiot programming is
and they don't really tell us anything
that really educate says to the the essential part of the problem
alright attorney mike happen to you know cohost of ring of fire
also now on free speech t_v_ excellent excellent stuff a great to talk to you
as always
thank you david