insurance that covers the family. both of those cases people will be able to get health insurance. this is liberating to people. it also ends a really crazy thing our market was doing before we passed this which is job lock. people who ought to be moving on to other jobs who would like to move on couldn t because they were afraid to lose their health care especially if they had preexisting conditions. this is an outrageous way to describe something in law that is actually a very progressive thing for the country including if you are a free market economist who wants the job market to be more flexible. so i guess the fundamental point is that the conservatives are doing anything they possibly can to throw a negative on obamacare and go as far as to change the facts even from the nonpartisan congressional budget office. are they going to gain anything from this? i still think that americans in the end are going to judge obamacare by how it works.
might be empathetic to his cause, which is also an interesting tactic there, knowing the treaties that are in place. here s a man who fled there. surely he s done his research on where he might have an opening. yeah. well, look. you know, hong kong has a special place in the hearts of some libertarian thinkers going back to milton friedman, the famous free market economist. perhaps this is what s on snowden s mind. we don t know. we know he at one point gave money to the political campaign of ron paul, a libertarian candidate for president. so, you know, perhaps he has a soft place in his heart for hong kong, but we have to bare in mind this is a small place. it is, you know, a somewhat free economy and its government under the agreement with china from 1997 when it was passed over as a colony is allowed to conduct its own business but it is nonetheless part of china and i think the chinese government is
before i was a free market economist. we should have a strong defense. the can nadians need to be keptn eye on. but we ought never say we should spend x number of dollars. so do you think that mitt romney s prescription to increase defense spending and set it at 4% of gdp is foolish? well, it s not what i would organize. i think when we move forward, he needs to be careful to make sure that america s defense needs are adequately and fully funded, but that doesn t mean you waste a dollar. wasting a dollar on defense is not an improvement over wasting a dollar in welfare. the taxpayers, the american people are out a dollar. that might have been a yes. we have to let it go there. thank you, grover norquist, as always, for shedding light on tax concerns and tax issues within the republican party and beyond. after the break, the right said fed. candidates romney and ryan take inspiration from ron paul and rick perry voicing their mistrust of the federal reserve. but shouldn t an int
that the bankruptcy is not before us and we don t have to admit the seriousness . problem and address it i am amazed at congressman how we sustained the triple a rating for the years. who gave it to us? they gave ratings to fannie mae and freddie mac. very good point. they warn us about the disaster coming, no much? look at the free market economist to get the rating. that is like me offering dietary advice. get your sense was what happened august 2nd. to hear the president tell us we default. but technically that is not true. no, you pay your bills with the cash flow and pick and choose. you don t default on the debt. you might have to default on the agencies of government. but you could pay your social security and you could pay the necessary things that have to be done, but there is a lot of
that, is this question? where are the profits? businesses have to be able to at least anticipate profits before they can create jobs, and if you re going to punish their profits by taxing them, increasing taxes with 9.2% unemployment, it would be the wrong thing to do, so really where we re in now is the president has taken the keynesian tact and i m anned a as smith free market economist, not a keynesian economist. he doesn t have any choices because his have all failed. we need to shift to the other side and go to a period of austerity and get our spending under control and shrink our government and then we ll be back to prosperity again. congressman king, thanks so much for joining us. happy to get you yesterday. thank you so much. sorry i missed you yesterday. thank you. exactly why should you care about the debt ceiling and what happens if we hit august 2nd at not reached a deal? newsweek reporter david graham just wrote everything you need to know. i think my favorite a