we re forced to do something about it? the problem is, it s a bit like the parabel of the boiling frog. you turn the heat up and it takes a long time and suddenly the frog realizes he s just gotten boiled. that s the problem. we don t know when that temperature is going to hit boiling point. the markets could wake up and do something one day. i don t think that s the most likely scenario. my guess is the markets allow us to keep going like this. and syme in 2020 or something like that, we suddenly realize we have now $25 trillion in debt. there s a meltdown. and of course, krugman s argument is i m right because it hasn t happened yet. that s like me saying i m not going to buy life insurance because guess what? i haven t died yet. no, seriously. you know, people have been telling me to get life insurance since i was 25. those fools. because guess what? i m alive! every day they say, the responsible thing to do, because you have children, is to get life insurance. i like that.
words for that, writing mr. schumer s speech is best understood as a political marker no matter who wins re-election. if romney wins, mr. schumer will browbeat any democrat who even thinks about supporting a simpson-bowles reagan-style reform. if obama wins, the senator will fight the kind of tax deal boehner wants as part of a grand budget compromise. syme to glad the finger pointing has begun without any kind of actual deal on the table. look, i think that s kind of silly from the journal. chuck schumer and democrats are going to go along with what president obama ultimately wants to do. yes, there will be a break or a curve on how far the president goes in some areas, but he s going to be calling the shots on this, and it s clear that he wants a deal and that he s willing to give up some of the things that democrats have been trying to protect for a long time like the sanctity of the entitlement programs as they now exist in order to get it. and then the question s going to be,
it s a basic economic fact argument. the jobs aren t materializing and the unemployment rate is staying stubbornly high and the inflation rate is stubbornly high and that s a real worry. we have factory orders back to where they were, in the height of the recession and we have the services sector looking at numbers that were just after the recession, and syme, this is not good. we re going backwards, so doubt about it. and i don t, biden, you know, this is not about, by the way, private equity. when i think job creators, i m thinking of husband and wife owing a lawn mowing service and 12 employees, those are the people that created jobs and i think the policies and the threat from the administration have held back these kind of people. and i think the obama care it s not but it is part of the big line, they re trying to say, trying to blame what s going on. no doubt. on the private sector, maybe so. you blame them, but you punish everyone. the obama tax thing on
family on funeral arrangements, where they would be, memorial tributes, but of course, that will be coming out in the days and weeks to come. harris: absolutely, casey stegall, thank you very much. from a very early age it seemed that whitney houston was destined to greatness, the daughter of gospel singer sissy houston, cousin of deon warwick and god daughter of aretha franklin. by the syme she was 11 years old she was already singing in the choir at her church and spent teenage years alongside her mom and backup in chaka kahn s hit single, i m every woman years later a representative from arista records heard her and convinced the top guy clive davis to sign her. and from there her career exploded. and people who knew her from her humble begins in new jersey, missing her tonight. she was a beautiful