irvin fisher studied the great depression and said, you know if you can have a balanced sheet driven veegs. think think this is inventory driven recession. you throw a little money, this is a balance sheet driven problem with too much debt, and the only way to get out of the problem is swished debt that. will be pain oofl coming up, more of my exclusive interview with mark sanford, straight head. i m listening to you think you re a brilliant man with a great governorship. it s like. you can t explain how you made ridiculous, crazy decisions. i fell in love. it s not right. not the way to do it. i fell in love.
this country it s gob from $20 billion, $20 trillion to about $56 trillion. and so the prescription offered out of washington first with cash for clunkers and rebates on houses. you name it. throw money out there. then, you know you had bernancke say let s just flood the system with money. neither one was working. irvin fisher studied the great depression and said, you know if you can have a balanced sheet driven veegs. think think this is inventory driven recession. you throw a little money, this is a balance sheet driven problem with too much debt, and the only way to get out of the problem is swished debt that. will be pain oofl coming up, more of my exclusive interview with mark sanford, straight head. i m listening to you think
for headlines log on to-to-fox news.com. and good evening, welcome to a special hannity . tonight sitting down with former south carolina governor for a full hour, in 2002, mark sanford elected 115th governor and became a leading figure in the republican party. now, by 2009 serving as the chairman of republican governors association, many believe he could be a leading g.o.p. contender for president of the united states that. changed in june of that year. it s started on june 22 when the law enforcement division raised concerns about governor sanford s whereabouts. the governor s wife told the ap she did not know the location of her husband. media frenzy was ignited and his car located at the airport but where was he? the staff said he was taking time off to quote, recharge after the stimulus battle but declined to say where he was. later in the day his spokesman said he was hiking on the appalachian trail but that didn t put the bizarre trip to rest two. days later the
feelings on this down grade? i think this down grade is very unfortunate. and it s confirming what we ve known for a long time. and it confirms that this debt is a threat for our count skpri economy and our way of live. and we have to abandon the current pattern of phone shall deficit spending this, is what is killing us and what we re warned about and proceeded anyway with increasing the debt limit without putting into place permanent spending reforms. we needed to avoid it. and senator lee, do you think this is going to be the pressure necessary to get lawmakers back in there to try to find further cuts to spend something. i certainly hope so. i expect that it will will be. it s unfortunate it had to get this bad before we d be willing to take that step. i hope and expect lawmakers at this point will understand the fact that the time has now come for us to impose permanent spending reforms and we can only get the kind of reform we need through an amendment to the cons
very unfortunate. and it s confirming what we ve known for a long time. and it confirms that this debt is a threat for our count skpri economy and our way of live. and we have to abandon the current pattern of phone shall deficit spending this, is what is killing us and what we re warned about and proceeded anyway with increasing the debt limit without putting into place permanent spending reforms. we needed to avoid it. and senator lee, do you think this is going to be the pressure necessary to get lawmakers back in there to try to find further cuts to spend something. i certainly hope so. i expect that it will will be. it s unfortunate it had to get this bad before we d be willing to take that step. i hope and expect lawmakers at this point will understand the fact that the time has now come for us to impose permanent spending reforms and we can only get the kind of reform we need through an amendment to the constitution that restricts congress s borrowing authority.