Go in peace. We want to work [chanting] the Government Shutdown in washington figure prominently. Democrat Cory Brucker Booker is running against republican stephen long amend. This is a special election for the seat of frank lautenberg. Good evening. Welcome to all of you. We are one week away now from election day like no other and of course the stakes are huge. We are honored to be on the campus of Rowan University and we want to thank our partners who made this possible from the Philadelphia Inquirer philly. Com as well as telemundo as well as the candidates. Democrat cory booker mayor of newark new jersey and Steve Lonegan former mayor of bogota. I will be asking them the questions along with panelists of news for new york and david from the Philadelphia Inquirer. Each candidate will get one minute. Whew will give him a 152nd bill to let them know theyre about to run out of time. Some of those questions have come from you the viewers and we really appreciate your help. Your work i
A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address the underlying problems underlying problems that got us are so we can avoid it. Having said that, there is no circumstances under which we should ever tolerate choosing, willfully, to make sure that a missed payment would include a missed payment on the Treasury Security. Processing because of uniquely Important Role the treasury securities play. I was disappointed that the treasury secretary in
Established until the year 2000, the debt was 5 trillion. According to the policy center, the rivlindomenici panel, between 2000 and 2009, the National Debt roughly doubled. Now it will double again. The figures are scalding, and i am sure that the congressional panel, as well as simpson bowles, and i am sure Rivlin Domenici found the same thing. In 2020, it will be 1 one it will be 1 trillion a year just to pay the interest on the debt. By the year 2025, every set of federal tax revenue will go to Social Security, medicare, and interest on the debt. What is required as noted is to get through the default period because it will obviously raise Interest Rates and create real havoc in the Community Bank environment, most particularly, the ability to borrow and lend money, and then sit down aggressively and in a bipartisan fashion to focus on this runaway train. In 1950, the average person retired at 62 and died at 69. Or 65 and 69. Today, the average person retires at 62 and dies at 80.
Earlier before the race you said in a tweet, i have a reminder in my phone that just told me i need to compete in the olympics today. Lol. In case i forget. I know. I must have put that in there, like, back in august or something. Okay, theres the olympic date. I dont know why i put that in my phone. It popped up and i had to laugh. I said i guess im supposed to compete today. He said youve got to let people know about that. What was your first tweet after winning the silver . I havent done it yet. Wheres my phone . I made it to the olympics. I remembered. I came, i saw, i conquered. And we did it. Its not just me. As i crossed that finish line, that was why i had that reaction. It really wasnt just me crossing that finish line. It was just we did it. We did it. We did it. Its a we thing. Its not just me. Its a whole team behind the team. And when you jumped over and grabbed your family, what did the kids say to you . Lacey said, she said did you get did you win . I said yeah, i got a
Building a company and we have a lot to do in 2014. 2013 was great. There are still a lot of businesses out there that need things for everything they do every day. That is the theme of the week. We have one company doing that. Tmobile will buy some spectrum. 700 megahertz spectrum licenses. Everybody wants those. 2. 4 billion shows how important it is to have the space. Dead a whilet for ago. Jpmorgan, they will pay a 2. Illion fine on charges jpmorgan made off, people inside made off. Why they are picking on jpmorgan 20 billion . Two mortgages to the london wales story. You would not agree to pay it a must there is something going on. Todays the first day of the real trading day of the year. Stock futures are higher and lower in china. Fivemonth low. Appointing manufacturing data is raising old fears of a slowdown in china once again. Sells skiing and broke her pelvis and canceled everything for the next three weeks. I am not sure how that happens. Downhill skiing, i am with you. Thi