Tip:
Highlight text to annotate it
X
this episode and beyond taxes brought to you by t mobile
so we're making say we're broke we were having money
and uh... i was watching uh... the sixty minutes but lesley stahl there's a great
job which addresses marked
and he's one of the other members of six yes issue seventy five he has so if if
the makings and that means jeffrey within seven her grandfather gunsamerica
so they don't have that
everybody i think this is the president
and um... so she said that what david stockman who was david stockman jimmy
okay
well he was ronald reagan ronald reagan the gipper he was ronald reagan's budget
director
ronald reagan
that he was shot at the time but remember he was very much consider the
voice of the of the reagan economic all of the reagan revolution and he was the
guy he would have made all hackers use very young and he was that he was bruton
uh... he's he's a guy and doing it all different right right he's the guy who
started trickle-down economics
and now we're going to find out was play a clip from here
from him in that interview with lesley stahl
he's really going to be describing trickle up economics and it's not really
trickling if o rapid it's a raging river
uh... it's a tsunami trickling up
to the wealthy let's go ahead and play uh... leaping ready for this club folks
i'm not kidding
okay here's david stockman ronald reagan's budget director talking about
the cannulation of wealth
in america's since nineteen eighty in nineteen eighty five the top five
percent of the house als wealthy is five percent
had that worth of pete williams
switches a lot
today
have tears
cereal for the last two serial bull
the top five percent of net worth of forty three
tom
if top five percent of the more wealth
then the whole human race it created president to me
beneath the rubble of a moral standards that says that the reference that inside
very first day of the year with british its
you know i think we should sit in silence but couples that in and just let
that sink in
just let that sink in
they've accumulated more wealth
since nineteen eighty
than the entire human race had created before it
i want to get some of this uh... serial bubbles cereal for the seller yeah i
know keith you know what do you know what that tells me
the echo medicards of security fifth dot that's because nobody has any money it's
just a money will grow right before anybody convicting
politically could fifty we're broke
it's time for us to get serious about how we're spending
for the nation's much
so iraq obama agrees with them
rock about what you just heard from
some rock obama is to the right
uh... president reagan's budget director
and were broken yet then we just
started fighting with libya right yesterday uh... yes the
claim it goes in his weight is worth more than that
uh... medicare regs and what every hundred million dollar baja thomas the
bomb blast in the spent a lot of money
that are going up their expressly even though they get the new wal-mart
summarizes servicing again
so
yes don't again nobody says let's cut the wars we always have endless and and
where is the scrutiny from christine amanpour and george will
about comments this one will be cynical where the money coming from we've got
one brokerage and there were no
we're broke figure the clipper displayed from david stockman
the upper five percent of canned at she wanted more wealth than the entire human
race
status was known as a the final jeopardy or
seem almost great selection of tablets
laptops takes adding a lot of hot spot allowed to stay connected to the
internet on the bill affordable high-speed internet one and where you
want it
without the overage mobile broadband enough time start as lowest twenty-nine
ninety-nine a month and currency mobile voice customers
came an additional twenty percent career own personal hot spot
on them down with t mobile four g mobile hot spot
their high-speed
out up to five wifi devices laptops tablets musing plants gaming devices and
forgy capable with speeds up to twenty one negative with them all the hot spot
from t mobile you can share the power of america's largest four g network
with devices like this so you can use t mobile
high-speed internet
on-the-go