more debate and let s move quickly, but let s allow the committee to work the process as we get a solution out. what i don t want to see i m sorry, go ahead. i m sorry i interrupted. but time is of importance here, right? it is. so talking about already going into the new year, and then, you know, the finances come up. no, you re right. and that s january 1st. listen, the crisis continues to burn. and action has to be taken. but what i don t want to see happen is people just say let s throw more money at the island. let s appease people. let s buy people off. that s not the right approach. it didn t work in transit or chicago or d.c. it s not working for illinois. and those have been the democrat models. we need to help the island restructure the way it works. how it budgets. listen, there s a different tax relationship with each business that comes to the island which is right for cronyism. they have to restructure that. so you have solid, clear rules and laws, at least in r
out best with the wall street journal and united airlines and the new york stock exchange. it was a stark remainer that this is a airline and stock exchange and technology companies at heart. and you have a technology company, you have the ability to have vulnerabilities and glitches and those will never, ever stop. are companies investing properly in this? the answer is no. right now, they according to a survey from traffics about one out of every $10 that companies are spending on it budgets is going into security. they are building elaborate net woshs and not protecting them and hence, the situation as yesterday. one of the stories had to do with retail on line. a major company that is putting forth a interesting effort to get more people on line and
it if government cuts anybody which they almost never do somehow that s a crisis? you never want to see people lose their livelihood. in the real world we are competing. we have competitors. we have to win. we have to stay lean in some sayin situations. the i don t see the federal government leaning against any one. government hadz lose use it or lose it budgets. sometimes at the end of the year they sometimes waste it. i wouldn t say that s unique to the party. i have been on this earth for 41 years now it seems like government it tends to be that way. that is unfortunate. i look at it that way. my offerings tried to sign up
about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it s a balancing problem. on the one hand you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. wow. moving on to washington now. president obama s renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee
served a the budget director. it s unconceivable he didn t know. to me it budgets he did it on perp. how did he get away from it? they got away with the argument all day long. if you look at budget, it s extrapolation of that claim we have seen from them. in bigger form. this is why i think, this is so hard to have this conversation in washington now. this budget is such a farce. it s filled with so many gimmicks, some are laughable. this is so silly that it s hard to have a rationale discussion. i have to admit listening to the senators on capitol hill, i talk to senator jeff sessions today. talking about this saying here is where the problem is. these projections are off. do the numbers matter? this is fantasy land.