alfonse whose ellis margaret mover paid how are how are terrific
we have fun event it's a lot of fun
well markets also by the way the great granddaughter or a pervert
remember thirty percent in the united states senate united dot the f_b_i_ that
not the f_b_i_ tonight
known as g_a_t_t_ rules were
dress w train right now the parents have to think that i found that my carry the
fishermen investment by taxing official asap
fess up and spliced edits hai
every time fighting official accept them
right i'd love militias knows aggressiveness hunter packaged a
sufficient to a sorting through the guys that like a serious issue no one doubts
with
lovina plugins and
right that's true
now some people are comparing george bush george w_ bush with economic
problems we were having to your great grandfather uh... oxidative stress okay
so i was gonna ask you how do you feel about that and i a more offended for
george w_ bush for your great grandfather
high and low but the voters are infrared president aristide he made a very very
carefully totally unrelated economic circumstances and what happened in
nineteen twenty nine two five to the stock market
is completely impressed and never happen in world history
center before
and sixteen c it's the it's funny over the last seventeen years american
history exit polls herbert hoover out of the basement of history to to remind us
of the native associations isn't fifth so people don't know anything about it
anymore they just think of hoover evils that economic policy
and that was president of the intense partisanship and so i think that the
army f_d_r_ had a presidency for twelve years after that and he just
slammed it down in the basement of history and some people don't know
anything about herbert hoover usually a graph of the bill just herbert hoover's
great granddaughter you cross the bridge crossing a trade that he calls the great
depression and out of the history books are still lying about it
well i don't know if they're wrong about it it was a large venue called reprisal
saying that i think lives in military economic trouble downloading you on the
program no we do on the program is regarded by the way we do great perjury
which means
there are a number of factors across the great depression if you just said
herbert hoover across very persuasive by somebody crazy
but at the same time to say robert over didn't contribute to a situation that
led to the great depression i would have always had a nice alumni
you got my idea and i will take you played by point there yesterday had who
were arguing herbert hoover go ahead
disagreed on and off for a news from newsweek cameras that f_d_r_ and the
slate is also a sensory about about this and
and hurt never looked into this with us and i remember is that he passed
there's a single dissident holly act now i know your listeners that we have no
idea about smoot holly are you now so isolated has yet to see your listeners
do that most americans democratic successes ali was it was the act of
congress into the terror protected back
he said it right by closing up there for not trading internationally actually
worsen the great depression
happens the congress passive overwhelmingly and the president was
working with congress to sign it but
who gets blamed the resident
it turns out we are understanding of economics at the time was just simply
more per minute so it is now so you know gary hart's
blame it on hoover wing
here is that you know an act of congress that overwhelmingly supported a pile of
how you said you know for your family that's what i like it has to go for my
family and i think yet my jacket black eye in the playground growing up is our
own positive fashion
let's all celebrate my preference would be great that is that it's all straight
over tonight and i liked your battle in court
but that also provides a transition to napa cape because you know what congress
also along with george bush uh... or every step of the way specially from two
thousand years every judges policies have caused the economic down turn out
uh... let's talk about that i mean do you think that heat that is that all
culpable given that for example uh...
some laws that were passed allowed for more lax regulation where there was an
ron energy collapsed uh... friday night early beginnings it wasn't like this
equipment like which is regulated out was that you're right it was actually
more phil gramm it was actually more phil gramm's law that was fast during
the clinton years but phil gramm did uh... that that not many admit that part
of town president-elect
that under republican philosophy which clinton went along with too much of a
pass those laws but as far as blaming it on bush specifically you're right about
handing friendly i think we could have been you know pushed him in the
presidency at that
at the end of acute expansion american politics right and clinton sat on this
great economic expansion
and then things started to to the southeast it's was fantastic i think tax
that's actually helps infuse the economy is a little bit more vibrancy there
probably would have had
highlighted excise vat returns of
tank but here's a pic
it whenever you taxes of course it helped economy a little bit in the short
term
now the question is isn't worth it for the long-term damage that it does
because they
it is possibility of long-term damage in in this case we uh... took basically one
point eight trillion dollars out of the budget with those tax cuts because the
budget one point really which but then lead to deficits which led to a weaker
dollar which caused ledgers yeah side is being his right eye morissette what what
what i would suggest is that and and this is proving when taxes go down
received a lot it seems counterintuitive
you lower taxes people spend more money
you invest more receipts in the federal government has working office of
management budget at the white house in two thousand five republican a numbers
going receipts are up
the treasury is taking in more money why is that
that's because the economy is more by the spending more money
where he is
here's a cult houses glamour that was on a martin hoover as she's a plus his
allison as you just search you worked office of management and budget in the
bush administration
mari that is laffer curve enough milieu with supply-side economics
uh... but it has won a logical problem into a practical problem logical problem
is
you can't continue to cut taxes for ever ever faster right festive so the
question is to talk with a solution no right so the question is where does it
make sense to put taxpayer case not
should you cut taxes which you raise taxes in abstract and he's absolutely
nothing to see a tell me with the taxes or at how the economy is doing
you your argument isn't cutting taxes force your argument is cutting taxes
within this current economic climate still works headache
alright generally an apartment for cutting taxes i think lower government
taxes right but i would agree that you would agree that if we were at fifteen
percent tax we shouldn't come to thirty percent
he had that you might be might be splitting hairs there right but i just
have the government happiness tax
a fifteen percent as twenty-five percent and put it back up at thirty five
percent not so helpful session economies are destroyed when i got hit by
something i ate half price for peace and i think this is the proper practical
problem for
which is that bill clinton did raise taxes for the higher income brackets and
for corporate at rates
and what happened was revenues went up mason revenues went up under bush
revenues went up on the clinton plan
associates the c_ span of under bush uh...
but this is going up under clinton even more
it's not the same overseas wouldn't go up even higher if you're a sidelight
driving cut taxes in areas though is that during the last decade economy was
growing massively we actually have had an economic downturn
and i had in taxes
we saw her seat so i
says that you do have to deal you have to be responding to the changing game
mechanized rate like
and i don't look want and i'll give you know is that
republicans have traditionally
in the party odd balancing the budget and it was sponsored both fiscally and
and that has not been the case in last year's tyler sakte hai
kinky zee need tear sheet for the party and we need to get back to our roots and
fiscal conservative how s is whether the one that i would actually did not agree
with you on that
because i was used to be a republican and i believe that i was important
because of that
within looking back on it populating reagan's spending for now the times that
i was i think i say study for national best with the bottom line is when i look
back at the lower go all the guy who ever balance the budget was bill clinton
and and uh... all the republics of my lifetime
have been parable of fiscal responsibility
have been terrible at building up deficits that's one of the reasons i saw
the republican us like you know what they say they're good at it but as we
look at the record a terrible did george bush actually was a you know i'm
fortunate raise taxes that also get everything i've still be there is a
chevy was forty-one has had a hard line again
that you can't erase axes though because his response was dealing with a response
letting you know is modest heading our class and it didn't take it and that's
great that's heavily favored brokerages and and and i as a bore the brunt of the
greatest thing
but but height i'd do not support and then a month
fiscal responsibility raising taxes and and and not learning what we've learned
about the time you get when you do lower taxes you're generating economic
activity
that it is that people are spending more
and that you have a date with
happened is we took a more and then we spend more
so it really need to do is stop spending egregiously
and suffers from sending an additional and soccer marks and poor
no i totally disagree with that but i wanted to use as to how we do it under
your plan with it
and as i see a martyr hoover exactly that a part of the fact that exactly
half of the great granddaughter overruled his wife pursue a graduated to
them
that doesn't have to accept the rhetoric that i'd sold you know the title we see
you from their homes no we are cut taxes is but you promise spending
but please if you're a secretary i i hear you know how it looks like you're
saying he does a black you don't do what you gray examining what do you do let
him all this is an explicit specific
because he told me he remarks as a tiny percentage of that eighteen billion
dollar eighteen billion dollars a drop in the book position
hasn't paid the price to start okay but let's not give it to you all the
sexually abusive john mccain's a in budgetary hero
because my view israel because my dad
everything to all the earmarks of dot which is impossible because it does give
it some
eighteen billion dollars
help while hiding places and that israel part that isn't really a delaware there
are any of our thrissur but the way that it's not ok circulate schizophrenic
but the for the all the world loans at least ten times more states entitlement
spending
indictable studies one person on the budget now it's not
please not about making inside that it has had a case as yours
oh this request is all you to take that away from folks who do william reform
isn't free market principles and has a dining canada right folks in canada
had price rise as they report that word in the united states here george bush i
mean that's sixty and seventy cents an every other senses greenback
rom in canada with a guy taken somewhere between one and three percent privatize
it and it is totally fixed the financial side of their broke and medicare system
yeah gary there are there are some relief
market-based solutions here that we can look at
and just consider and then make it optional
seven-and-a-half to and and unhappy happier than a free market value and say
nine latham not not actually seriously consider
that they can save our economy and something i heard a singer out so you
are married
and i love that we have approval on the program so you're a progressive secure
spaus of
sense of humor at a time out of here this is an individual as a navy uh...
this is how it works today as effectively as there are times when i
look at it now i'm a free market guys i don't believe in no-bid contracts
halliburton et cetera okay but
uh... intake at but the thing is some things government does better than
others and we look at the history of social security
it's miraculously sets no one has started my i hold bluehost are valid
identity their but rated let's let's talk about that no one person who
starred in the streets in this country sicily sort of social security everybody
low social security
uh... for a reason m_t_v_ touch social security and a lot of trouble you don't
know why
of relevent that is it likely environs of security for there is no no no but
that's not afforded me that's amazing grace notes one out of money no social
security is warning giant surpluses which is taking those surpluses and
stranding many minority or else might have that that goes to show you some
social security's from is that we spent in other places including defense
spending but the band in the promises as they don't understand i think that's a
security is at the aging population is growing so much they departed at a time
when i can have enough money ancestry budget even if we were to pay ourselves
that problem anyway dot percent that wasn't as a very
is not good enough to keep a and growing aging population but one of these issues
that has the world
it inet dot up till now if you consider working feeding old people and make
money they'll make it even sells working assets and that the other societies
libya and i mean if that's what that's great ambassador agree
yeah i think i think i don't i don't think everybody at i think
not everybody needs the government to take care of their money sixty-five fear
but odds are supported government writing for the people get togethers
housing data and and i'm okay with that
but lacks a fix it depends on the other day for everybody when baby boomers hit
sixty five i've had an easy fix with circus and people making over two
hundred fifty thousand
and i would love to be in that category in if i am
that if you're gonna love this form of social security telling yourself on the
side and we needed for civilian retirement but that's not true barbecue
worldwide personally responsible fiscally themselves so we can never ever
country nolan and i never got her menopausal you want the social security
is a supposed to be
how you retire
you're supposed to save on your own anyway and that's the whole point of the
free market i sit on my own i'm sure you save on your own and we shouldn't have
to encourage people like that
big parent like you know that that's what the serbs don't walk right
government being a big dad's a okay they show you save
so sisters suppose the safety net
so for the people who really they had this safety net like every single
individual america getting because not decided to take the retirement programs
i thought f_d_r_ said it
we've decided as a society that we should all have that minute
that use a solution a habit that's an interesting their question but i think
we'd be better off
if we all have it as a safe and above all don't have your form because the
budget simply i think i can only do you think he secret students a sense a
little bit about what you have the physio tax morrison everybody out
himself
canceled out at that's right bad enough that it is respectfully disagreed with
what they see a cabinet meeting is free market principles reform at so it's a
brunette younger kids have to take a look at your house if free-market which
is that not only the does not
not so much time says very programs anything it's mandated so that it is not
saving it liane paying taxes
efforts but the taxes always relate the reality is a quite well you know they
will be happy to help not gonna continue to have enough of it
when the baby boomers had six almost a medicare and medicaid but
began with the numbers it's easy to have enough and we would have enough if we
had to spend several hours have another system you and i disagree on the
principles of how we provided
exactly is looking to government to provide and i think we can harness the
free market and individualism tempted to think okay he is a problem that
libertarian kind of thinking okay
probabilities agonizing if i hadn't heard it was on a martyr rosa parks is
ellis
uh... aborted ensures that the whole idea for
level for the bush administration mark the problem is you know we're talking to
a libertarian yesterday she said would you privatize of the
fire department to
the promise sometimes you go requires that he didn't think you have
but we need a rescue menu sometimes people didn't think it had been there
seventy-two years old and has started
and we need album anyway sometimes you don't really sachin ideological
rationing has in the morning i'm not happy not having passion
i think is most police view
and you put everything on the table really look at it but i think we've
really had a look at and engines of our economy in the reason for success in
this country
even howard individuals to be creative and think outside the box is not the
government's going in my view of that and i want them to do that but what
happens the people who fall through the cracks are not allowed to go map when a
logo that you can see that
you have a camera people that so these programs are for he's programs are for
everyone not just the people who think that that father to crack
officially ironically u_s_ and get medicaid medicare ironically who will
wrap up on this the city of nora problems ironically
u_s_c_-one that these programs to be more welfare
like for people who actually needed and not for everyone
i think he says he really from everyone i'm guessing that surprising free-market
principles businesses visit
the free market is the engine of our economy this is living already had a
free market leadership playboy would not insists is carried out we have me tax
individuals
and then we give the money that they play in an attempt is to the people who
are sixty-five and over now
yes accesses synoptic continue to work ethic
there's less intimidating the people are fine for the past that everybody got set
not just that you will find the process executive for all of us that that's what
it is but that's okay with this reality is that if there is a great really good
transition i i i i i really appreciate you coming on martyred hoover for fox
news