conservative stand. point, grover norquist, hang on, eliminate the ethanol subsidies, a tax increase. how does he deal with that? both of those, look at those reasonably are not really true. you cannot come close to balancing the budget without looking at entitlements and there s not a person in america who thinks you can. and i think that includes nancy pelosi and harry reid. what i would do and suggest to the media if they re going to start criticizing some of the proposals out there, not just senator coburns, where s your proposal? close is the democrat of leaders in the house. she proposed nothing. what about grover norquist and the no tax crowd relative to coburn who says year going to eliminate i totally agree. if you are raising i agree with grover, if you are raising the margin the rates on income tax lgts that s not what we re talking about. what we re talking about is the elimination of sdub sdis the vast majority of conservatives agree getting rid of ethanol
our country is at risk. the country that we know and love and the lifestyle that we know and love is at risk. you can deny the risk, but the consequences of denying the risk are a disaster for our country. define disaster. markedly lower level standard of living. financial repression. the worst tax increase in the world. i get hit all the time by the conservative tax people. the worst tax increase in the world is the one that comes through government printing money, inflation greater than what you were earn on your assets and then diminishing the value of your assets by taking it from you. what would you say your goal is? you have your staff for six weeks do the level of work you ve described. you ve put yourself out in front of the world. you re a very senior, high-profile american politician.
perhaps a global debt restructuring of global obligations many of which people like mohamed in our view will never get paid. think about the way we operated following world war ii. where we gave germany forbearance as opposed to deal wig germany after world war i where we sought to squeeze blood from a stone. we did this after the civil war in this country. we did this with latin america in the 80s. is it time to really get into a conversation about restructuring debt, housing debt, government debt, global debt at this point? with us is our specialist william kohan, author of money and power . governor pataki, sam still with us. how would he racket to a restructuring proposal. dylan, i give you credit for a deal i had not heard before. you re proposing oust court
think there are solutions. this is not a lost cause. you just heard someone propose a $9 trillion solution. there are many others advanced and put out there and could be done. there s simply a lack of political will in washington. there s not a lack of solution, and to tell the world that the u.s. has become a third world nation like argentina. the u.s. is a the whole world might be. china doesn t appear to be to me and there s no reason with we can t get our finances in order. i want to invoke churchill. you can always count on americans to do the right thing after they ve tried everything else. i think on this one, you are going to get there. i think america is actually going to get there. whip the huffington post, it was wonderful and lovely. very utopian. i don t think it s utopian. thing is, this is my fear. maybe i m wrong, sam. but i believe that a lot of people in the 1930s telling the germans there s no way we can restructure your debt, no way to
problems our kids and grandkids, as well as us, you re young enough, you ll be paying for some of this as well. that s why i ve worked so hard, senator, to try to impact this as best i can. you and i both know that your ability to solve any problem whether engineer, a medical doctor, whether you re a software engineer, is only as good as your ability to identify where the problem actually is. we ve seen a lot of solutions to a lot of problems come out of washington. the problems of debt ceiling, the problem is the uninsured, oh the problem whatever the symptoms are. what do you define as the core problem you re trying to solve with this plan? i define the core problem as having members of congress here willing to do what s best for the country regardless what it does to their political career. and we ve had the opposite side of that and that s why we re in trouble, and until we hold members of congress to that level of accountability, to that level of control, we re not going to