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Welcome to everybody. John, can we affo more spending . No, we can. We got to shut this down at some point. Look, earn earnst and bulls came t, the president and republicans both debunked it, said they didnt like it. They havent seen it yet. They dont want to cut spending or entileletments. We are going at a rate national bt in 2000. Were at 10 trillion if 2008. We are going to doublet again by 2016. We are doubleing our debt every eight years and there is no entitlement reform in place. We all got fre pizza. Look, if rates go back up to 5, 6 , we are . Significant trouble. We have gotto reign this in at some point. Check. 17 trillion in debt. Can we ford to spend on top of that . Look. The American People want results and do we have a de problem . Absolutely. The problem is not today. Its kind of to johns point. Weve had a problem all along. We had a Medicare Part d or unfun ....
All rip it apart . John, i will start with. You look at headlines, you jump up and down. But upon closer inspection it bass meaningless. 62. 8 Labor Force Participation rate, lowest since 1978. Does that blow your mind . Yes i am. Despite the deep drop of Unemployment Rate month, year to year were not getting same type of real Income Growth and spending growth we got in the past. For instance, suppose we go back, 10, 20, 30 years, this type of drop of Unemployment Rate would be associated with real Income Growth, real Consumer Spending growth, 3 to 4 . Instead both of those metrics are struggling to grow by something just over 2 . I mean, ....
Brenda. Look, the concern the cry is for the 15 minimum wage. If 100 people now are getting minimum wage, at the end 95 wont get anything and maybe five will get the minimum wage. Why . Because the 15 minimum wage, brenda, is just a signal for companie to odd mate even faster. That can be automated. Its being automated in mcdonalds. Now in the bank, you see one or two tellers and a row of atm machines. You go to the supermarket and you see self service checkout. All the jobs will go away quicker. The cashiers, the supermarket clerks, if we go to 15 minimum wage. All it is is a sign that says if you have low skills or just entry jobs, dont bother, we can automate it. Lets think about the timing. We barely have a jobs recovery, and doubling the pay of these workers, isnt this the wrong time to do that . Its the absolute right time to raise the minimum wage. Doubling it to 15, no, i think thats too fast too soon, but raising it to 10. 10, what congress tried to do in the face of gop oppos ....
College students cheered. In some places your words can get you killed. Is it okay to tell a man to man up . Or tell a woman that she is bossy . That is our show tonight. Now it is time for john stossel. Obviously the offensive speech story this week was the owner of the los angeles clippers, things like dont show the public pictures of people with you with black people like magic johnson. There was Quick Reaction from the head of the nba. There is absolutely no place for ignorance, and intolerance. I am banning mr. Sterling for life. Within days he is banned by the nba. And yet, its a little confusing. Because what got him into trouble. Things that he thought were private conversations were what do you do regarding race . He said he may not live in my apartment building. The government sued them for housing discrimination, adding that he refused to rent to black people in beverly hills. None of that much made news. This private c ....
This is our show tonight. Now it is time for john stossel. John i like to gamble. We want to bet on whether Hillary Clinton will become president with the stock market will go up on thursday . I will take any bet as long as the odds seem fair. Supposedly more than 100 million americans filled out march madness brackets. Totaling about 12 elion, thats more than the super bowl. And according to our new reading of federal and state law, betting on those brackets is illegal. It is illegal in nevada and montana because of an old law and a smalltime pool among friends that are allowed in vermont and connecticut. Otherwise betting on march madness is a we illegal. So why even have a . Because it makes some people feel good . Should betting on sports be allowed . Never. It encourages people to spend money. I really think that this is a fundamental moral issue and you have to make a stand here, even as i am standing now. It causes people ....