have. it drives me out of my mind. i can t for the life of me find one republican person who cares or has anything constructive to say. i m being totally serious about that. i take issue in several ways. the entire conversation has been how best to make the economy grow because that is the quickest way to solve the party problems, to get the 14 million americans unemployed back to work, have the median income rise, instead of falling. the president has offered exactly the same plan every single time. unwilling to marshal the willingness to change social security, which would have no impact and open the budget room for the kinds of things that you want. so the problem lies in the white house. you re telling me you re telling me that chained cpi or some kind of cuts to social security benefits is going to be the thing that raises median wages, reduces poverty in the u.s. and gets gdp up and it would be a good thing in its own right. because right now the plan is to cut social
its own right. because right now the plan is to cut social security by 25%, that is the current plan, so no one is going to introduce cuts to social security. they re already on the books. the question is can you do something sensible and not cut retiree s wages, how would you do that? you would actually convince the plan and have the democrats go along. chained cpi is not a technical thing, have a plan like the simpson-bowles plan. and then you would have sent a message to the united states, the syrian problems, he would have the incentive there is you would have given them some reason. there is essentially zero evidence that the thing that is holding back american growth at this moment is any hesitancy on the part of world capital markets that is just not how about the failure of any firms to locate in the united states when the current plan is
because right now the plan is to cut social security by 25%, that is the current plan, so no one is going to introduce cuts to social security. they re already on the books. the question is can you do something sensible and not cut retiree s wages, how would you do that? you would actually convince the plan and have the democrats go along. chained cpi is not a technical thing, have a plan like the simpson-bowles plan. and then you would have sent a message to the united states, the syrian problems, he would have the incentive there is you would have given them some reason. there is essentially zero evidence that the thing that is holding back american growth at this moment is any hesitancy on the part of world capital markets that is just not how about the failure of any firms to locate in the united states when the current plan is to either let that go out of control or raise taxes to fix
deficit? the simpson bowles plan seen as a fiscal solution actually raises tax revenues by $2.6 trillion and it hikes the rates on both capital gains and dividends. margaret thatcher was, in her own words, a conviction politician. when you see the bill, say no, no. but she was successful because her convictions addressed the central problems of her time. the ideas that will work now will be those that solve our problems, not those of the 1970s. for more on othis, go to cnn.com, fareed for a link to my washington post column. let s get started. the budget proposal that president obama unveiled this week has certain inclusions, the democrats generally like and republicans don t. tax increases and other items
productivity and growth, high taxes and sclerotic state-owned companies. these are not the problems we face now. today american and european workers struggle to keep up their wages as technology and globalization push them down. wage deflation, not inflation, is the pressing problem. western economies face global competition with other countries building impressive infrastructure and expanding education and worker training. they face a two-track economy where capital does well, but labor does not. where college graduates strive, but those without strong educational skills fall behind where inequality is rising, not just in outcomes, but in opportunities. against this backdrop, would a further round of deregulation do much? would cutting taxes from say 40% unleash growth, especially when it would mean even larger deficit? the simpson bowles plan seen as a fiscal solution actually