this is called leaving well enough alone. do you think he is actually steven king has spent time analyzing this problem? saying you know what, if we paid more this whole debt thing would go away, or is this some kind of echo chamber from being around people who are super rich? i think he is too stupid to be a spell checker at an m and m factory. i don t think he know what s he is talking about. you think rich people don t deserve what they have so the government should take their money away and spend it on people who deserve it. it is a walking cliche. here is the thing, gavin, the thing that ticks me off is that he says why shouldn t i be paying 50% 1234 he could just as easily say why shouldn t i pay 90% because he is so wealthy. it is not rich, but it is super rich. if the government took 95% he would still have $50 million or $20 million. what he is doing is punishing people who actually are well off , but mott like him. but not like him.
strongly about this, speaker boehner felt he had to make this case. well, he made it. and it glopped. it is pretty clear that the senate republicans got the best deal possible under the circumstances. we are not talking about the policy issue. maybe the house republicans are right. two months, a two month deal doesn t make sense for lots of perspectives but in politics, as in life, you recognize that at some point you just have to cut your losses, and this was really one of those cases. neil: what was so crazy about the house republicans demanding it be a year? i know the difference is how each side paid for it but are they going to fold like cheap suits and be scared to the middle? or do what they did on the debt thing and every other thing when push comes to shove they back off? guest: well, first of all, i m fond of cheap suits so . i don t want you to criticize
sure, yeah, that s more important. when you think about it, look, what we are talking about is that we are going to lose a couple months at the end of the world. if you see the end coming, it is not like we are going to go like, we can chill out 400 years ago, and we just discovered people were a little more true. they say by 2030 we will be using double the earth s capacity. ant the odds that aren t the odds that we will just find another earth? yes, i guess that s why the space exploration. i think we need to threaten a planet terry shut down it is some kind of debt thing. are you a licensed mathematician and a jerk. what do you make of their math? i do appreciate that i can add and subtract.
exposure of the banking sector or the fact that the u.s. could be headed to another recession? i mean, look at it from like a firefighting perspective. you ve got, you know, this big, big fire right in front of you that s raging and i think that s the european debt thing. that has to be dealt with right away but behind that is all this dry brush that could just blow up and cause you months and months and months of problems and that s the u.s. economic outlook. you know, the philly fed number yesterday was the most important thing. i know everybody is talking about the european banks and people are talking about sovereign debt and the u.s. debt issues and things like that. if you have such a key manufacturing index like philly fed coming in so dramatically bad, you know, you are essentially in a recession. at some point, we ll stop trying to play these little games where we re reading the tea leaves and figure out when they re going to say we entered a recession or not. if you think y
and recognizing that what republicans in name only and liberal democrats, what establishment politicians represent does not help the country. and i think the electorate is more educated than ever. they know the principles on which our country was founded. they know the common sense principles. you brought up the debt thing. why were we all shocked that our credit rating went down? sean: had the tea party planned then if cut, cap and balance had been adopted, it met the stated standard of s&p to avoid a downgrade. it was interesting, the democrats started this is the tea party downgrade this is president downgrade s downgrade. exactly, we were in trouble way before the tea party came on the scene. the tea party is willing to say the emperor has no clothes. they are trying to discredit the messenger. what i m hoping to do in my book is encourage people that