states when they should pay their own bills? where does washington get the money? from the people in the states and it sends it back. they say this is paid for. you may see it different but it is money paid for and some already accounted for. it s phony money. what i find interesting, i don t know if you saw the piece i did, but the way to deal with to crisis and i don t want to see teachers laid off and neither do you but there is a good way for the states and cities to deal with this, why not go after the oversight pensions rather than laying off workers and in wisconsin they had to lay off the teacher of the year, the best teacher got laid off because they have seniority rules and they, the unions refused to budge on taking lower compensation on the outagous pension programs so, look, by
pension programs for the public employees. add it together between we are speaking sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your mind? well, we need to think about reducing the large budget deficits. we need something of a stimulus because the economy was in a free fall, private demand was collapsing so something in the short run was necessary otherwise this great recession would have ended up in a near depression we learned from japan from the great depression. right now if we don t control spending and reduce it and
pension programs for the public employees. add it together between we are speaking sean: you are talking about liabilities social security in the red. 50% of americans now that are not paying any income tax. half are paying half are not. one in eight americans are on food stamps. 40 million americans on food stamps. heritage foundation study one in five americans depends on the government for either housing or food or some services. so i guess the question is, how bad can this get in your mind? well, we need to think about reducing the large budget deficits. we need something of a stimulus because the economy was in a free fall, private demand was collapsing so something in the short run was necessary otherwise this great recession would have ended up in a near depression we learned from japan from the great depression. right now if we don t control spending and reduce it and
market. the free market needs to get rid of the fraud and scammers. it needs to get rid of the goldman sachs people who created documents like we saw yesterday. fabulous fav. what s funny request is that senator levin and claire mccaskill are the ones that vogted for the bailout. people that wanted to invest in subprime mortgages they did it voluntarily. carl levin put my money in g.m. without my permission. that s not capitalism. juan: i like this. hang on a second. mike, this is a good point. you know what? a lot of people wanted to invest in high risk, mortgage securities because they thought they could get big profits out of it. mom and pop pension programs did not want to. you know what? while this was going on, if you ask somebody what a drirrive is, a synthetic, a cdo the only people that could tell you was the people that put the scam
market. the free market needs to get rid of the fraud and scammers. it needs to get rid of the goldman sachs people who created documents like we saw yesterday. fabulous fav. what s funny request is that senator levin and claire mccaskill are the ones that vogted for the bailout. people that wanted to invest in subprime mortgages they did it voluntarily. carl levin put my money in g.m. without my permission. that s not capitalism. juan: i like this. hang on a second. mike, this is a good point. you know what? a lot of people wanted to invest in high risk, mortgage securities because they thought they could get big profits out of it. mom and pop pension programs did not want to. you know what? while this was going on, if you ask somebody what a drirrive is, a synthetic, a cdo the only people that could tell you was the people that put the scam