government aid will help fight the corruption? the more you feeding this huge government, the more you are choking me on the other end. that is phenomenon but i am a witness of and i have to live through every day. the more you give to them the more what happens to me on the ground. we think there s a role that government can play. a lot of places that we work we find there s a government deficit. there s a lock of security. there s a lack of basic services. people don t have clean water. people have to deal with why do you believe government 789 aid would help that. there are a lot of success stories in africa. there are a lot of african countries seeing huge strides. coming up why a man came up to me on the street and said, are you john stossel? yes. i hope you die soon.
help fight corruption. no. i am sorry. the more you are feeding these huge governments and the more you re choking me on the other end. that is at least the phenomenon. but i am a witness of and i have to live through every day. the more you give to them and the more of that that happens to me. we do think there is a role the government can play. in a lot of places that we work, we actually find there is a government deficit because there is a lack of security. there is a lack of basic services. people don t have clean water. people have to deal with why do you believe government aid would provide that? it hasn t so far after trillions were spent. that s actually not true. there s a lot of success stories going on right now in africa. there is a lot of african countries that are seeing huge i look forward to seeing them. thank you. coming up, why a man came up to me on the street and said, you john stossel? yes. i hope you die soon.
inflation down the road. he would have thought this is not a time to raise taxes, this is a time to cut government spending. we don t want to have a larger government deficit and this is the course that would lead to the greatest prosperity in the economy. he would not have agreed that if we go over the fiscal cliff that that would have a negative impact on the economy, he would say rather that by bringing the deficit down, by having the prospect of lower inflation in the future, that will be good for interest rates and that would be good for the economy in the coming years. jenna: what would he say to those american citizens, though, that say, listen, over the fiscal cliff, i m afraid of that, i don t even want to entertain the possibilities of what that would look like. i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it s the better course to cut spending in those areas now rather than defer
taxes coming at them and they know their cost of health insurance is a negative for businesses. bill: when you bring on higher costs would you expect that then? reporter: if you have a slower economy and you i am poas new taxes there is less hiring, more firing and a bigger government deficit. bill: can you put a dollar amount on that? reporter: it runs to several trillion dollars in a 10-year period. bill: trillion? in all aspects of the u.s. economy? reporter: yes. you can t put a precise number on this. but if you foe out what the analysts are saying, you add up all these taxes and you are talking trillions. bill: here is patti ann.
sam? no government deficit in april. lady gaga s tea cup worth more than its weight in gold. coming up, a clean sweep for the spurs. the coyotes make history. you re watching first look on m nnchts nbc. wake up! that s good morning, veggie style. hmmm.