T booktv. Org. Eye unanimous in furchtgottroth and jared meyer argue that government policy are robbing millenials of their future. Thats next on booktv. [inaudible conversations] good evening. Good evening. Im Vice President for policy research at the Manhattan Institute and its my great pleasure to introduce you to to welcome you to discussion by our senior fellow, diana furchtgottroth and her colleague, jared meyer, co author 0s of the book disinherited how washington is betraying the young. The per sissents of debt of the federal government driven by the promises of entitlement programs such as Social Security and medicare have prompted Martin Feldstein to observe that fiscal deficits impose a burden on future generations. Borrowing only postpones the time when taxes will have to be paid. Even more pointedly former u. S. Comptroller general david walker has spoken of the problem of generational theft. Present consumption indulgence that robs the young of opportunities. In their imp
Been arrested in the deaths of 71 migrants find found in a truck abandoned on a highway in austria. Probablyy they suffocated and at least some of the victims were refugees fleeing violence in syria. , president george w. Bush visits the site of one of the low points of his presidency. He traveled to new orleans to mark the 10th anniversary of Hurricane Katrina. The former president was criticized for his administrations response to the disaster. President obama was there yesterday and watched through the new orleans neighborhood that was one of the hardest hit. The president said new orleans is a model for resilience in the face of catastrophe. I am here to say that on that larger project, stronger, more , the progress that you have made this remarkable. Mr. Obama called new orleans recovery a work in progress, saying the job is not to rebuild the city as it used to be but to rebuild it a new. Defense secretary Ashton Carter is on a friend raising mission to Silicon Valley. Carter wan
Inadequate on almost every level. Senator mark warner blasts twitter for presentation as big tech faces mounting political pressure. More details as the battle lines on the details of the plan are drawn. The president will speak about taxes live later on this morning. Markets continueto make history. The s p posted record close on thursday heading into the final session. The dow and s p on track for eighth consecutive positive quarter. Nasdaq going for five straight. It is edging out with a gain in q 3. Jim, we made it through almost september. Whats extraordinary, i have been going through the charts because i love the charts. Things were bouncing around fairly positively. Then we got to the month of september. We have had moves on a lot of stocks. They came in in august. Its a truck parts company. There were so many doubles of industrial companies, smaller cap companies, Tech Companies, drug companies. When you see these moves you keep thinking this has got to be the greatest bull ma
Meanwhile President Trump is on the final leg of his historic asia trip, now in the philippines, talking trade but coming under fire from the left over comments he made about Vladmir Putin. More republican lawmakers speaking out against roy moore this afternoon as another woman alleges that she was assaulted by him, when she was a minor. Among our guests this hour, congressman tom garrett, from the House Freedom caucus. Harvard economics professor, my professor, marty feldstein. Byron york, Michael Goodwin, dilbert creator scott adams. Wow. David dow climbing despite the big drag from general electric. That stock ending the day down more than 8 . Lets go straight to lori rothman on floor of the nyse. Lets go to what happened. Ge, gee whiz. Announcing a Restructuring Plan and slashing the dividend by half. Slashed the dividend by 50 , hasnt done that since the financial crisis. Ges stock viewing link 35 yeartodate today. It was off another 7 . Wall street not thrilled with ges plans to
Well, the committee will come to order. The purpose of this afternoons session is to discuss the details of the chairmans mark. Were not here to speculate about items that may or may not end up in the house bill. Were not here to debate items that are not currently part of the chairmans mark. Because as of now there is no official or final version of the modification. As i made clear this morning, we are still working to finalize the details of the modification. When that work is done, the details will be provided to the committee with ample time to go through them. After that, most likely tomorrow morning we will have another walk through that gives members an opportunity to discuss and ask questions about the modification. Long story short no one needs to be talking about the individual mandate at this point. Its not part of the mark. Arguments, questions, or statements about the individual mandate are a distraction from the meeting were having now and, frankly, a waste of this commi