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this
the
is that there's a difference this is an old management axiom there's a
difference between a
what's important
and what's
is it origins well the republicans have made it that way let's let's ask
congressman defazio his thoughts on this
peter defazio representing the fourth district of organs so ably in the united
states house of representatives towers and welcome back to the program thanks
tom uh... you know i think the most *** deficit in america is the job
deficit
uh... and i think you would find uh... i haven't seen a pulling on that recently
but i think a majority of american people would agree with us
and a huge problem around here it is
both the obama administration and the republicans seem to be
and most like democrat colleagues
are not distinguishing between
uh... you know
spending which is an investment
and puts people to work purses consump tion spending in fact
the role leaning toward the could come to the fact that the only things were
doing that are supposedly
people back to work file
are uh... tax cut
you know it was currie text holiday the extension of the bush tax cut for those
things are working really well so we should keep doing them they're
incredibly expensive
uh... and uh... in fact they're not working if we could
we could get back to the regional radar unemployment for five percent
uh... we withhold a quarter of the deficit
right there just because those people wouldn't be drawing benefits but they
need is to survived and they would be paying taxes right anti-big
and then another quarter of the deficit is the bush tax cuts and another quarter
of a deficit is the worst afganistan iraq all politicking carrot record of
the deficit which is more than they're proposing with this big game six reply
and then the final quarter and you you've probably seen this graph in the
senate sinners
for economic policy and
c_p_r_ secession economic policy research at argus eddie baker st
that the fourth quarter is the result of the recession and if you were to get
unemployment backed out of off their back up there down two four four five
percent he had a recession
so that wouldn't solve the entire thing
breakthrough so without the doing away with medicare without
of in order for aggressively your restricting the use of security benefits
of without putting the regressive
king sepia into the tax code that prohibits so into what is what i don't
get an estimate for us you know
of what
i they actually had by the way can't aligarh ever in any case
you know he says column the kinks
or some six um... what's the deal with the gangsters of sort of a gang of sex
all be respectful him unfair what's what's the deal with the gang six pretty
good democrats on this on his group by i don't see any progress is represented
their uh...
why would the president asked for those particular people on this grouper how
did that come about and why is he taking seriously these proposals that are
actually so far to the right of words white eisenhower was that he would have
rejected them frankly i think richard nixon would've rejected them
well uh... you know this is a self constituted group it wasn't something
that the president asked was convened at the meeting
for i think more than a year
uh... and uh... it fell apart uh... win the senator coburn pulled out
and according to news accounts today he only came back in after they promised to
cut as substantially out of medicare and medicaid many federal kale come back now
uh... and and the thing is if you look at it
obama's city nobama centimeters formulary which is three for one which i
think is that
crummy ratio in terms of cuts for revenues but it doesn't really do that
say what they do actually gonna reduce revenues
and they count the one
trillion dollars uh... that uh...
they would
what what uh... it's a little complicated but the bottom line is they
are assuming that uh... you know the bush
uh...
go away
uh... they'll stay in place for therefore they were saying they raise
revenue
but at the first place that went away they are actually
reducing the amount of money we would
yet you know for just what the bush tech
let's go in there doing it by substantially flashing top tax rate
so rich people will pay
ease less than one percent more
uh... people at the bottom of the working parliament and if you're a
public pay more to talk about a twenty three two twenty nine percent top tax
rate which is right now thirty six right
uh... so there's that there's also uh... indication that table that's all you
have to take that with the chain
p_p_i_
uh... low-income people hitting it hard to fill bluefoot in brackets
uh... but people are already at the top won't move it also there is that uh...
it would also slow the uh... growth of uh... the uh...
uh... you no cap on earnings for social security so that help people were in
over a hundred six elevator dollars here as far as i can tell
it's really designed to uh... to you know
put him quite a number of regressive revenue-raising measures
why with our single along with this
uh... could question uh... by you know i missed at this meeting last week but
uh... huh
and bernstein the guy the guy i work from bernstein yakin worked for a
for those of us comments
yeah uh... he was that at the dinner anything a little bit
they have decided that uh... the independent voters accorded their
pointer just concerned about deficit uh... and uh...
not about jobs and so therefore
they're designing everything to look white
deficit hawks
you know bomb is going to put a big deal on the table and i guess he does hearing
where the money comes from first political suicide
carey carey truman said when when the voters are face with a choice between a
democrat who behaves like a republican or real republican let's use the real
republican
right and same on the democratic side of the senate minority leader supported
book on the floor
and i could look uh... you know they're making this incredibly complicated
appears but you know they've totally blood into the lowering taxes increases
revenues
creates jobs all at stuff and the cut but the cuts are real
uh... and the restraint uh... or that you know that chains c_p_i_ impacts on
seniors and veterans them
of that all and
and middle and lower-income working people are very real
you know the center
this is reaganomics all over again family missus this is really incredible
and compare and contrast that to all and this is all on federal they want shirt
sacrifice time i'm for it
it but all the primary tax rate
uh... go back into a fact that does mean old you know middle-income people pay a
little bit more
but guess what they did return they get their bennett carol when they retire
active parent continue to get their medicare
they get their sources security and they'll get it you know ed at a rate
that they earned as opposed to one that's artificially restrained they
won't see their tax rate
uh... creep up over time there will be able one time you know you're going to
go back to put their rate
but the for the people the top
they will pay stub substantially
as we talked earlier cut the deficit have camp overthrow security tax call it
a which is in britain a single person to work it but borrow that money for one
more year that's a hundred ten billion dollars that we're borrowing to put in
the senate so street respond to give this holiday spoke with the work under
ten billion put in infrastructure put three point seven million people to work
uh... you know and uh...
problem solving much solve the problem
the baby congressional perera the uh... i believe it's the house progressive
caucus put together a budget jentzsch casket was our tv show few weeks ago and
laid out in detail not you're a member of that enough that caucus
that that budget that you guys proposed balances the budget in ten years i mean
pays off the debt in ten years balances the budget right away
l why is it not being taken seriously though that the rest of caucus crappy if
i'm wrong is the largest caucus in the house or uh... is enough are among the
democrats yeah i'm kinda recently but that it perpetrate up their spirit
of
because it
you know on the republican side they overruled that
he'd get his camp increase taxes on anybody or anything and
it too close for the most egregious loophole in the world you can only use
that money to further cut taxes
uh... for other people who are sometimes maybe interpretive reduction
um... though
uh... i mean it's kinda like was stepped through the looking glass here in
and almost
you know it's almost as solo much of
uh... our leadership and certainly the white house team
has bought into the expiry that yells effective job creators of uh... don't
blah blah blah press cast hong kong's impure thoughts here thank you so much
so
for coming out showing our services
targeted banging away all you betcha new batch and you two and and people
unassuming congressman people should be calling their members of congress insane
i'm an independent voter de facto aneta health and i want hide and i want to get
a sex
the
but says this was a thirty