success. some of nation s brightest economic minds said government spending programs hurt the economy. they have a new bock by the george w. bush institute the four percent solution. i smoke to former governor jeb bush earlier. it is great to be with you. i see the governors running on campaign of reform and cutting things and geth the budget under control. they get in office and then they beat the day lights out of them because they kept ape campaign promise. scott walker in wisconsin, and rick scott in florida, and so what are we to make of the fact that people don t want them to fulfill the promises? i think they do. you earn people s respect over the long hall if people want to be popular than do what is
government, we ve been a republic for 223 years and we still don t have three things that it takes to maximize success and mitigate risk. one, we have no plan. number two, we have no budget. number three, we don t have performance indicators to understand which government spending programs tax policies and regulatory actions are working and which ones aren t. we re 0 for 3. that s a strikeout. it s time that we address that. yeah. i do blame, pat toomey, hold your point, i m sure you have one, for passing an executive order on immigration, what would he have gotten done in congress? nothing. but mika, here s the point, the president nothing. but the president disagrees with congress about the right income tax rate. does that give him the power and authority to go out and establish his own and collecting a higher end. the point is nothing would have gotten done so he issued an executive order. you tell me what a constitution that says when the president wants to change t
some, i think, actual strategic advice to the obama re-election campaign in terms of how to deal with the europe question. who would have thought after years and years and years even decades in which the republican right attacked old europe that they would embrace the economic policies of the eurozone? austerity and unemployment now at all costs. i mean, after all, their unemployment rate s 11% and ours is 8. we can get right up there if we just adopt their policies. that s it, right? right. that was the republicans have talked about europe in terms of socialism, but what s happening in europe is an economic crisis, which you could argue has been brought on or exacerbated by austerity measures. which is predicated on the lack of any kind of economic growth driven by a bunch of european country that are dependent on social welfare and government spending programs,
help the downtrodden and thus entitlement spending should not be cut. joining us from washington james assault, the executive director of catholics united. the country is on the verge of bankruptcy. shouldn t all social programs and government spending programs be scrutinized? isn t that the smart thing to do for the good of everywhere? sure. let me say though i along with the catholic bishops agree this paul ryan s budget fails a basic moral test. asking poor working class people to pay for tax cuts for the rich isn t just unfair it s immoral and unchristian. bill: isn t that propaganda, pay for tax cuts for the rich? we have a tax system in place that was passed by congress and extended by president obama. the reason it s in place is to stimulate the economy. to make more consumer spending possible. it isn t to enrich bill o reilly. that s not why these tax cuts were passed under the bush administration. it s to stimulate the economy for everyone so there are more
we are not out of the woods yet. we could still have problems. in fact, i would count on it. chris: explain. what do you see coming out of the committee that is going create problems. two things. first, immediately we have to figure out what to do about a number of provisions in the tax code, government spending programs that are going to expire at the end of the year that mattery lot for the economy. for example, the payroll tax holiday that we all got this year expires at year s end. everybody s taxes are going to go up on gang 1. doesn t seem to me that makes a january 1. doesn t seem to make sense in terms of the weak economy. that could have significant implications for growth next year. emergency federal unemployment insurance comes to an end. we have the doc fix. a whole slew of thing. it is unclear how they will come to terms to figure this out. i had hoped that they would figure it out as part of the supercommittee process. if that is dead that is a big problem. going in