republicans under the last 20 years on both parties have been complicit in creating a 21 and a half trillion dollar debt that is a reckless and moral abandonment of leadership. melissa: potential democratic candidate michael bloomberg also taking here aim at her. watch this. i think you can have medicare for all for people who are uncovered, to replace the entirs provide health care for their employees. it would bankrupt us for a very long time. it s just not practical. melissa: but democratic national committee chairman tom perez says medicare for all is just one option being discussed inside his party. watch this. there is no philosophical debate about the notion that health care should be a writer for all and not a privilege for a few. the democratic primary will have a debate about how to get from
the far right. and cesspool of talk radio. is that what he wants to be? who knows. i think at this point he is so far from whatever he used to believe, he probably doesn t even know what he believes. his ideological convictions are in tatters. are they know? they seem to have been privatizing social security and medicare and medicaid or getting rid of them and passing massive tax cuts for the very rich. he did the latter. and you know what, his tax bill which ryan calls his greatest achievement is considered one of the biggest special interest giveaways in modern a trillion dollar debt. and that used to be his own-sglf the debown- he would write budgets about the debt. he would write white papers. he would speak about the debt. we re in a debt crisis.
a tight spot. i could call rebels and is holding the fort for us and frank conrad how why reed should we be. well the worries at the moment most obvious in terms of currencies of course those plunges of the currencies of turkey and i just tina have a lot to do with concerns among investors that companies in those countries that have taken on dollar debt will find it difficult to pay back their loans in case dollar interest rates are going to continue to rise in that applies those concerns apply of course to many borrowers especially the ones where it s very difficult to foresee how the business will develop in the cases that were mentioned in that news piece we just saw netflix test also how park lloyd the german shipping company i can tell you that their loans are pretty much under scrutiny on the
dollar this year and this may be the canary in the coal mine that some investors are looking at. joining me now to take a closer look is steven cook, a senior fellow for middle east studies at the council on foreign relations and an expert in turkish politics, and kenneth rogoff, professor at harvard university, former chief economist and director of research at the international monetary fund. thanks to both of you for joining us. ken, let s just start with you. i want to put up a full screen of financial crises. mexico in 1995, thailand and southeast asia in 1997, russia in 1998, argentina in 2001. is there any reason to be thinking about turkey in that context? could this set off something more important than just turkey? well, absolutely turkey could have a problem, and with their currency collapsing as you explained, ali, it costs them more to pay their dollar debt and a lot of other countries are
i don t think the president wants ta fight with john kelly right now. if he really wanted it, he could have taken hum out when he was getting hot and arrows were his way about rob porter. there is a lot that seems to make sense. mueller has to prove something big that the candidate for presidency was compromised and he is compromised but a foreign leader and that he made decisions to work with the guy. absolutely. jared kushner is a blank slate. he has all of these business dealings. anybody would look at him and say, first of all, who brings in his son-in-law with no experience to write some of the billion dollar debt. the key distinction we try to remind people although it is getting conflated. criminality, political malpractice. that s down here.