allow all of that spending just to be cut. it is not going to happen. going back to what james said, when the american people start to look at numbers and start to look at a big vat tax on top of the taxes they are already paying the federal government every year on april 15th, i think there is room for a leader, some leadership to come along and say here are the numbers, here s the waste let s talk about cutting the size of the government. steve, will it happen? i sure hope so. by the way mary great way to start with what you are talking about. there s 500 billion dollars of the stimulus bill that still been spent. let s save by not spending money on a program that hasn t created jobs. i want to go back to the idea that dan was talking about, about the value added tack. it is important for viewers to understand who pays that tax. tax directly aimed at the middle class. a sales tax you pay at the
no politician is going to allow all of that spending just to be cut, it s not going to happen. you re going back to what james said, when the american people start to look at the numbers and start to look at a big vat tax on top of the taxes they re already paying the federal government every year on april 15th, i think that there is room for a leader, some leadership to come along and say, look, here are the numbers, here is the way. let s talk about cutting the size of the federal government. steve, will it happen? well, i sure hope so and by the way, mary, a great way to start with what you re talking about. you know, there s 500 billion dollars of the stimulus bill that still hasn t been met. let s save 500 million dollars by just not spending money on a program that hasn t created jobs, but i want to go back, if i may, stuart, to this idea that how we re talking about the value-added tax, it s important for our viewers to understand who pays that tax. that s a tax directly a
no politician is going to allow all of that spending just to be cut, it s not going to happen. you re going back to what james said, when the american people start to look at the numbers and start to look at a big vat tax on top of the taxes they re already paying the federal government every year on april 15th, i think that there is room for a leader, some leadership to come along and say, look, here are the numbers, here is the way. let s talk about cutting the size of the federal government. steve, will it happen? well, i sure hope so and by the way, mary, a great way to start with what you re talking about. you know, there s 500 billion dollars of the stimulus bill that still hasn t been met. let s save 500 million dollars by just not spending money on a program that hasn t created jobs, but i want to go back, if i may, stuart, to this idea that how we re talking about the value-added tax, it s important for our viewers to understand who pays that tax. that s a tax directly a
still exist. i don t think they do. and if they do, they need their head examined because this is where their income has been under republican policies and this is where the top 1% and 2% have gone over the last 30 years in income in this country. they say it so they can bring out the same old tired arguments that they used against former president jimmy carter. well, he s too liberal. well, he s weak on the military, has no good foreign policy, and, of course, he hasn t created jobs. where have we heard that before? we re hearing it today. this is what they re trying to do to president obama while paints newt gingrich as the second coming of ronald reagan. here s what the tax policy center says about newt gingrich s economic policy and what it s going to do for your taxes. this is the tax cut that he ll give every income bracket. take a look at how the top 1% makes out compared to everybody else. they ll save an average of nearly $2 million a year compared to an average of about $600
of florida would be in that category. there s a lot of great people out there and donald trump i think a lot of people would be intrigued with too. i think people would be intrigued, not to mention he would love it himself. you oppose the extension of the payroll tax. why? i did. well, because, as i warned my colleagues, number one, it would blow a hole, and it did month a hole in the social security trust fund of $111 billion a year. social security is running in the red right now. that means in order to keep our promise to senior citizens and write out the checks, greta, we have to go into the general treasury. well, we are flat broke in the general treasury which means we have to go borrow more money from china. this doesn t make sense. barack obama said if we lower the payroll tax, we create jobs. even his own economic advisers have said this hasn t created jobs. now he wants to continue to blow the hole in the social security trust fund. we have less than a minute