s
she's alright folks there you have it
your ideological blinders
break that down type of my ideological glasses right
an animal theirs
there is a
there's a lot of hedging here there's a lot of uh... um...
well play the dance again
that's why i think there's a lot of dancing involved in this
uh...
pakistani
actually play that haven't had a discovers his little bit about that
listened michael is literally shaking his entire body doing ownership you can
know inside latin electorate pickett is very well-spoken but he's not
hi i didn't hear anything that was
really addressing a lot of my question since i a m interested that i would just
say like if i'm gonna adopts you know speaking from that generational
perspective world of ritter's there's two things rightness returns it's jobs
and what's the real long-term problem that week actually face
climate change global well yet so
so if you're talking about we're in this use crisis
there's a massive employment crisis for young people specially europe and even
hear antenna launcher mo we actually come of age
if half of the science of other foreman's legit right but let's not
let's stay on topic in terms of the spurs this narrow thing i agree with my
i'd enjoy betty wherever you go to point you said
higher grade social security and medicare
but the the the did that the problem with what he is offering
is that there is no line that he can trial between
the plan that we need to act on now an jobs in growth
other than this notion of confidence
and uh... this there's no this is exactly what was prescribed for europe
we're going to cut
and give confidence to people into the business sector and what we've seen is
the uh... connally's go in that tank
double-dip recession is maybe triple-dip recessions
as a function of this
and the idea that we're talking about the closing loopholes
will be some sort of shared sacrifice is a joke as well
look the bottom line is the agenda of these people is to use this crisis
and some type of smoke screen
to cut benefits from that uh... retirement programs
that's basically it
we can see look we right now
the congress could say we're gonna cancel the sequester
off the plane
doesn't know what
rollet
that they had to make all these cuts
can be cut right now by congress anne plans that we make now
about cutting things in the future
can be cut can be can be reversed by congress that
but you know
if these ahead streak uh... guy these head chef under guys
these wall street guys get their hands
on that social security money
they're not going to give it back
that is the plan
if you really concerned about the deficit
there are things like financial transaction taxes
that these guys will bring up
it's just close loopholes but of course they will bring it up
that's right you have you get a progressive us terry which would be the
right strategy pal senior adviser greenhill company a multinational
investment bank
amin
we know why ed rendell
is pushing this is the same reason why ppr since pushing it
i don't care what party he's from it doesn't make a difference he's from the
money party
he's put on his democratic uh... bone a few days code
as a way to have to take for that stuff
but he was well-spoken naked i mean for such a young guy i had a temper coming
on the show
and a gag in credits come in on the show
i give him minimal credit
and free shipping year awareness of the
harlem shuffle
that is going fortune again
web shake and the uh...
the bottom line is
there is one
primary long-term driver
of our long term
and that is
not medicare
medicare is simply the means in which people
for what is the long-term driver
and that is
healthcare
and health care expenses expenses
are out of control
and maddie and there is one reason why that is the case
relative to every other industrialized nation in the world
and that is because without the capacity of having a single-payer or any primary
payer
for these services
there's no way to control costs
at the end of the day there is only one way to get those health care costs
under control
and that is
to have single-payer system
which will negotiate with of pharmaceutical companies
to get discounts volume discounts on drugs
to have a a single-payer
provider of health insurance
who will negotiate
with hospitals and medicare are america uh... medical care
providers
he got away now it depends if you're getting a hip replacement surgery or
whatever it is
how much that costs is a function of the deal
that different insurance companies have made and they all have different rates
and maybe it's because the guy at the hospital goes on golf junkets with the
guy from one insurance company and not another
but you need to where you controlled those cuts
are to have one buyer
who is providing the insurance payments
to those providers
and that's why medicare
the rate of growth of of
of the cost of health care under medicare
is substantially slower than it is in the private insurance industry
and it could be that much slower
if we're all under one program
so the stock of supposing shared sacrifice
where loopholes will be supposedly closed
for the very wealthy in this country is just
it's just a line
dawson hopefuls will always be reopened social sager anymore it's very unlikely
be gary deed
indeed
we saw this in eighty six
fred grandy of all people go far
who was a congressman at that time sitting on the set of uh...
the larry cudlow show
said this to both larry and i well you know we close the loopholes in eighty
six we brought down the rates
the rates stay down
and the loopholes got re-opened
loopholes is eggs is exactly what you close
when you don't want
the rich to pay more taxes in the long term
cuts in social security raises in the uh... so security wage tax
that's like herpes
that's forever
and can i just say one other thing too i think it's so important to emphasize
what we did in the u_k_
because
they actually did likely cut you they cut defense spending
they tried to brought in tax tax rates i mean they deeded from at this austerity
perspective they did have shared sacrifice analogy
continued being in a recession
they're not even going to meet their deficit burton cut the because what
happens is
you you you quash demand
then you quash revenue and then you're deficits grow
you cannot cut quick enough to get ahead of the
um...
the destruction of the economy
that is destroying your revenue base you can't you can't get added
it's just a spiral down world word
and
we talk about phasing in we talk about gradual cuts in some now
but we won't say what they should be
and how they won't impact the economy
knows of the answers we can't get
we get more of
the harlem shake
how close to the uh... you did
out hat
we're done with that
well i've never done without the plane after the gang and style was better
began in style one was probably bet