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LIZ: ALL RIGHT.
GOVERNMENT SPENDING HITTING AN
ALL-TIME RECORD HIGH,
$2.57 TRILLION SPENT IN THE
FIRST SEVEN MONTHS OF FISCAL
2019.
REMEMBER WHEN BARACK OBAMA AND
CONGRESS VOWED TO PAY FOR THE
AFFORDABLE CARE ACT BY ROOTING
OUT WASTE, FRAUD, TAXPAYER ABUSE
FROM MEDICARE AND MEDICAID.
IT WOULD HELP PAY FOR OBAMACARE.
IT DIDN'T HAPPEN.
LOOK AT THIS.
20 FEDERAL AGENCIES ADMIT
SHELLING OUT $1.3 TRILLION IN
IMPROPER OVERPAYMENTS SINCE
2004.
THE WORST OFFENDERS, HHS, IRS,
SOCIAL SECURITY, PENTAGON,
MEDICAID, MEDICARE,
SOCIAL SECURITY, JOBLESS
BENEFITS AND EITC AND MORE.
DEMOCRAT SOCIALIST MEMBER AND
FORBES MEDIA CHAIRMAN STEVE
FORBES.
2020 DEMOCRATS KEEP PUSHING TO
RAISE TAXES.
WHY DON'T THEY ALWAYS RAISE
TAXES?
WHY NOT FIX PROBLEM OF
GOVERNMENT WASTE, IT IS EQUAL TO
THE SIZE OF POLAND?
>> SHOWS WHEN GOVERNMENT IS IN
CHARGE, CALL IT SOCIALIST OR
ANYTHING ELSE THERE IS NO
CONSEQUENCES FOR THE KIND OF
WASTE.
PRIVATE SECTOR, CAPITALISM, FREE
MARKETS, YOU HAVE THAT KIND OF
WASTE YOU GO OUT OF BUSINESS.
THIS HAS BEEN GOING ON FOR
DECADES.
BRITAIN AFTER WORLD WAR I, AS
NAVY GOT SMALLER, THE AGENCY
RUNNING THE NAVY GOT BIGGER.
THERE ARE NO CONSEQUENCES TO THE
KIND OF WASTE.
IF YOU REDUCE BUDGET, YOU GET
LESS NEXT YEAR.
NO REAL INCENTIVES TO GUARD THE
TAXPAYERS MONEY.
LIZ: NOMIKI, REPUBLICAN
JOHN KENNEDY, A NUMBER OF
DEMOCRATS WANT A BIPARTISAN PUSH
OF BOTH CHAMBERS TO STOP
GOVERNMENT SENDING PAYMENTS TO
DEAD PEOPLE, BILLION DOLLARS,
AND PAYMENTS WHAT DO YOU THINK?
>> OF COURSE THERE ARE
INEFFICIENCIES.
BERNIE SANDERS HIMSELF TALKED
ABOUT HOW THE GOVERNMENT IS
STRUCTURED IN A WAY THAT IS NOT
EFFICIENT.
PART OF THAT IS BECAUSE WE HAVE
THIS DUAL PRIVATIZED AND FRANKLY
SOCIALIZED GOVERNMENT IN WHICH
IT IS FRANKLY NEOLIBERAL, NEOCON
GOVERNMENT WHICH WE PRIVATIZED
INDUSTRIES THAT SHOULD BE
SOCIALIZED WHICH WOULD BE MUCH
MORE EFFICIENT MADE IT FOR ALL.
IF WE TAX THE RICHEST WE TALK
ABOUT THE PRIVATE SECTOR WHICH
MR. FORBES JUST MENTIONED, THE
PRIVATE SECTOR IS ONLY CONCERNED
ABOUT THE BOTTOM LINE.
GOVERNMENT SHOULD NOT FUNCTION
THAT WAY.
WHEN GOVERNMENT IS FUNCTIONING
THE WAY THAT IS CONCERNED ABOUT
THE BOTTOM LINE PEOPLE NOT
PAYING TAXES ARE THE ONES WHO
ARE PRIORITIZED OVER WEEKING
PEOPLE.
>> GOVERNMENT IS ONLY CONCERNED
ABOUT ITS OWN WELL BEING, ITS
OWN POWER, NOT ABOUT THE PEOPLE
F IT IS CONCERNED ABOUT THE
PEOPLE YOU WOULDN'T SEE THE
MASSIVE WASTE.
IN THE PRIVATE SECTOR YOU
SUCCEED BY MEETING THE NEEDS AND
WANTS OF OTHER PEOPLE WHICH IS
WHY CAPITALISM IS MORAL AND FREE
MARKET, FREE MARKETS DON'T
SUCCEED YOU DON'T PROVIDE
SOMETHING DON'T WANT.
WITHOUT PROFITS, YOU DON'T GET
NEW BUSINESSES, EXPANDING
BUSINESS BUSINESSES.
YOU DON'T GET BREAK THREWS WE
NEED.
SOCIALIZED MEDICINE IN EUROPE
CRUSHED INNOVATION.
THAT IS ABSOLUTELY TRUE.
GO BACK TO THE 1950S AND 1960S.
EUROPE WAS GREAT FONT OF NEW
PHARMACEUTICALS.
TODAY, TODAY IT IS THE U.S. THAT
IS THE FONT OF MOST NEW
PHARMACEUTICALS.
LIZ: NOMIKI, SIX 1/2 MILLION
PEOPLE LISTED AT SOCIAL SECURITY
BEING OLDER THAN 112 OF AGE.
ONLY 40 PEOPLE IN THE ENTIRE
WORLD AGED 112 AND OVER.
THAT IS TOTALLY INEFFICIENT.
THAT IS SOMETHING?
>> THAT IS DIFFERENT THAN
SOCIALIZED MEDICINE.
LIZ: THAT IS SOCIAL DISABILITY
INSURANCE PAYMENTS.
GO AHEAD, FORGIVE ME.
>> CLEAN UP, SO IF WE FUNDED OUR
GOVERNMENT PROPERLY, IF RICHEST
1% ACTUALLY FUNDED THE
GOVERNMENT RATHER THAN WORKING
PEOPLE, WHO ALREADY STRETCHED
WAY TOO THIN, GOING BROKE
BECAUSE THEY BREAK THEIR ARM, GO
BANKRUPT, AND ALREADY, YOU KNOW,
THEIR WAGES ARE LOW, NOT
PROTECTED BECAUSE UNIONS HAVE
BEEN UNDER ATTACK BY THE KOCH
BROTHERS IN STATES.
THIS IS WHAT IS HAPPENING WITH
THE WORKING CLASS.
BECAUSE OF THAT, BECAUSE OF
GOVERNMENT IS NOT FUNDED WE'RE
NOT ABLE TO CLEAN UP THE WASTE.
LIZ: WE GOT TO GO.
>> GOVERNMENT HAS NEVER BEEN
BIGGER, NEVER MORE INEFFICIENT.
THAT IS WHAT HAPPENS, FREE
MARKETS ARE NOT IN CHARGE.
LIZ: MEDICARE IS GOING UPSIDE
DOWN.
>> GOVERNMENT ISN'T A FREE
MARKET.
LIZ: WHY THE WHOLE CONGRESS GO
INTO THE VA, SINGLE-PAYER IS SO
GREAT?
HAVE POLITICIANS GET THEIR
HEALTH CARE.
>> EUROPE THEY RATION HEALTH
CARE.
WE DON'T WANT WANT THAT HERE.