publicly-traded. it s very difficult, first of all, to get shares to invest in these companies. second of all, not a lot of information out there about these companies before they go public. and even more importantly, a lot of times you can actually get into this company, but your money is tied up for years. you can t sell it tomorrow. you look at a company like facebook or groupon. if there s an ipo, an initial public offering, usually the people who get those first shares are investment houses and their good clients. generally a guy like me is not going to get stock on the first day unless i buy it on the open market. is that wise? no, that s not wise. what happens is typically they price an ipo at a certain price, let s say $10 per share. that stock may open that first day of trading at $20 a share. you re paying twice as much as a person who bought it the day before. which is a private sale. investment banks can get in. what you want to do is wait a few weeks and watch the
problems. these should be actual cuts. real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes which, in my opinion, will destroy america s jobs, everything is on the table. what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? not very many serious discussions. i remember when i was little, my dad took me to a car dealership, ali, and he said, this is how you buy a car. i remember they wrote numbers on a piece of paper and passed them across the table. my dad s number, i m sure, was absurdly low. that s the only explanation i can give with boehner, is saying a very low bid to hike tup later. that s why i look to guys like tom coburn who is a party of six. you can t question his opposition, he s conservative, but he understands reality. i hope you re right, and that s what some people around me at that s
publicly-traded. it s very difficult, first of all, to get shares to invest in these companies. second of all, not a lot of information out there about these companies before they go public. and even more importantly, a lot of times you can actually get into this company, but your money is tied up for years. you can t sell it tomorrow. you look at a company like facebook or groupon. if there s an ipo, an initial public offering, usually the people who get those first shares are investment houses and their good clients. generally a guy like me is not going to get stock on the first day unless i buy it on the open market. is that wise? no, that s not wise. what happens is typically they price an ipo at a certain price, let s say $10 per share. that stock may open that first day of trading at $20 a share. you re paying twice as much as a guy who brought it the day before. which is a private sale. investment banks can get in. what you want to do is wait a few weeks and watch the ac
not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes, which in my opinion will destroy american jobs, everything is on the table. will, what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? not very many serious discussions. i don t know. i remember when i was little, my dad took me to a car dealership and said, this is how you buy a car. i remember they wrote the numbers down on a piece of paper and slid them across the table. my dad s offer was excessively low. that s the only comparison i can make. i look to guys more like tom coburn. you can t question coburn s ideological position. i hope you re right. that s what people around me at the speech were saying. it s an hoping salvo. jean, if we wanted to keep our debt at the level that it s at right now, not reducing it just simply keeping it from growing through spending cut, we d h
million a year in tax breaks. this is a kind of policy he s providing. not surprisingly, because paul ryan has received about $1.4 million from banks and investment houses and hedge funds and other financial institutions for his campaigns. this is exactly the direction that we should not be going in in our country right now. we re going to see programs that for medical research and education and health care and law enforcement in our country being shredded, all those programs being shredded at the same time as more money is going to the wealthiest americans. this kind of income disparity he s helping to create, i find, very scary. we talk about the deficit as the biggest problem that we re facing. yes, we have to deal with it. but they re not even doing that. and they are creating they re