With janiece. Is this adding to the debt . Heck yeah. We dont have a slush fund. We should have a slush fund for war. How could we . We have been cutting defense spending. From 2011, we cut 85 billion. Everybody remembers what happened in 2011, right . Now we are cutting defense spending, thanks to the sequester. And we have entitlements we have to pay. We have other obligations. We are not focusing on what is congress only job, to protect us. They are not doing that. Our Interest Payments are going to exceed our revenue. We cant afford this fight with isis. Its so sad. Gary, what do you think . Is this about the money . Well, i take issue with tracy. I think we have a slush fund, its called the Defense Budget. We complain defense doesnt get enough. It is 700 billion a year. Thats higher than the next six countries combined. I mean, do we really need to be spending more than just everyone else total, essentially . This war against terrorism is expected to cost 20 billion a year. I thin
With janiece. Is this adding to the debt . Heck yeah. We dont have a slush fund. We should have a slush fund for war. How could we . We have been cutting defense spending. From 2011, we cut 85 billion. Everybody remembers what happened in 2011, right . Now we are cutting defense spending, thanks to the sequester. And we have entitlements we have to pay. We have other obligations. We are not focusing on what is congress only job, to protect us. They are not doing that. Our Interest Payments are going to exceed our revenue. We cant afford this fight with isis. Its so sad. Gary, what do you think . Is this about the money . Well, i take issue with tracy. I think we have a slush fund, its called the Defense Budget. We complain defense doesnt get enough. It is 700 billion a year. Thats higher than the next six countries combined. I mean, do we really need to be spending more than just everyone else total, essentially . This war against terrorism is expected to cost 20 billion a year. I thin
Warfare across the world, whether its nazi germany japan, what really is the background of success is cash. Nazi germany had to sell all the art they acquired. Japan had to take over other lands. So really, if you dont have the funding, you cant win the war. Can we stop it . Well, ill tell you what, the oil money is starting to dry up. Isis still gets a lot of money from selling contraband, from private donation its going to be difficult countries like russia are starting to step in. It can be its going to take a lot of cyber warfare on our part to find out where the money is going, but it can be done and it should be done. But john, theres still incredibly wellfunded for a terror organization. And theyve found ways around price of oil has gone down, but they sell antiquities, does ask for ransom, can we really cut that off . I think we can to a large degree. I completely agree with gary. Its like a great chess match about russia banks not tanks. And what we did with north korea and is
Whether its nazi germany japan, what really is the background of success is cash. Nazi germany had to sell all the art they acquired. Japan had to take over other lands. So really, if you dont have the funding, you cant win the war. Can we stop it . Well, ill tell you what, the oil money is starting to dry up. Isis still gets a lot of money from selling contraband, from private donation its going to be difficult countries like russia are starting to step in. It can be its going to take a lot of cyber warfare on our part to find out where the money is going, but it can be done and it should be done. But john, theres still incredibly wellfunded for a terror organization. And theyve found ways around price of oil has gone down, but they sell antiquities, does ask for ransom, can we really cut that off . I think we can to a large degree. I completely agree with gary. Its like a great chess match about russia banks not tanks. And what we did with north korea and is we cut it off to asia. At
People are taking them economically not because they want to work part time. Its entirely different. Thats not what we are seeing. Health care and payroll taxes, employers dont want to take on more fulltime employees right now. Unfortunately, that will hurt us down the road. How do you see this trend . There is good news in the jobs report. There is some bad news. Particularly this parttime issue. There is actually an equal number of folks who involuntarily got parttime jobs in equal to the numbers that voluntarily got parttime jobs. A number of those are due to the fact theyre no longer blocked into jobs because of health care. Thank obamacare. The other thing is you have half a Million People who have entered the work force, so they may not get that job they wanted in the beginning, but it is a good thing they have now reentered and this may be their first, the first steps that theyre taking to get in. Its good and bad. Also, the stockmarket yesterday rallied when they saw these numb