france. how do you know? i nailed it. bill: so you re roaming around dc and i always ask you this question, but it s interesting to me. what, a coupe dozen people? about two dozen. bill: all right. so whatha percentage of them hae any includ clue at all what s a? half of them were totally clueless. it s because it s so boring. no one cares. they re talking about trillions of dollars, and they do this man who cried wolf all the time. they have these cliffs with the debt ceiling, with the bush tax cuts. people are number to this. they do this every christmas. they don t care. bill: look. number one, when you say 16 trillion dollar debt, it doesn t mean to anybody. you can t wrap your head around that. bill: if you said look, if you don t make your car payment, they know. that s real money. bill: number two, it s a pretty complicated situation. it sua not just raising the taxs on the wealthy and corporations, there s a lot of other stuff involved in it as well. out of
particular. compared to the second quarter spending. government spending fuelly declined in the second quarter and the third quarter according to this report released last week, it s just considerably, 9.6% increase of government spending. the gdp, gross domestic product, has been pumped up because the government has been dumping a lot of money into a lot of things, including newer spending on defense? yes, pumping money that you and i as taxpayers are contributing to paying to the federal government. so it s unfewinfuriating. a 16 trillion dollar national debt. so, it s our monetary policy, fiscal policy, that is in such debate right now and this is a perfect example of why we ve really got to rein it in. when we talk about the gdp, it s kind after discrete number. it doesn t take into account the fact that the last 52 days, our debt has risen by 208 billion dollars, spending at the rate of 4 billion
romney s cancelled a thursday joint appearance on the view with wife ann who will appear solo while romney campaigns in virginia. ryan served up barbecue in ohio and headlined a town hall style meeting in his home state of wisconsin this morning where he slapped the obama administration for the 16 trillion dollar national debt which will be the subject of a romney policy speech later this week. the crescent came into office saying he the president came into office saying he would cut the deficit in half in his first term. he s given us four years of tripltrillion dollar deficits. he s added more debt than all previous presidents combined. he was charged with misleading the public, arguing that romney s plan to decrease military spending and cut taxes across the board is mathematically impossible without adding to the debt. with the polls tied nationally, romney s popularity is surging.
street community sees that our economic situation is so dire and they see the gravity the situation. they see the parallels that exist of where we are today, where we are headed and where europe is. that community thinks this president is not addressing those with over $1 trillion in deficits every year. with 16 trillion dollar of debt. you have talked about this with regulations that are literally stifling growth, banks not lending. these are largely a function of this president s policies and the folks at the center of the financial world are seeing those very clearly. do you want to respond to that? do we have an hour? there s a book here. pity the billionaire. you have a book about this. this is exactly what i m
7.5 billion bucks into promoting green cars. is that a good investment? lori rothman from the fox business network coming up. first, a look from neil cavuto, the cost of freedom business block. and over 40% say no, cut taxes and he s getting that number down the best way to get our 16 trillion dollar debt down. the markets are on a tear, but some of america s biggest companies are not. which one is showing where our economy is really headed? and why are we still burning cash on these guys when they re burning our flag? the cost of freedom at the top of the hour. hor get the yard ready for cool energy bill weather?size? the answer?