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Diplomatic and legal issues. k.t. macfarland has an interesting answer to this question. what is most important thing that comes out of this wikileaks document dump. tomorrow at the white house a bipartisan meeting. topping the agenda hammering out a deal on the bush tax cuts that are set to expire the end of the year. the white house announcing plans for a two-year federal pay freeze as the deficit has hit a record of $1.3 trillion. for every dollar spent, the government borrows 37 cents. they say if something isn t done, it could spell disaster for every american. jim angle has more. reporter: one country after another has to face a reality. ....
The uk s teetering on the brink. and at some point i think in the next couple of years the reality will be that the paul krugman recipe ends up having costs that exceed the benefits. what else do you do? do you wait and hope? what s frustrating to me is the way the discussion is conducted it seems like there is only a keynesian option and the alternative is just sort of passively waiting for disaster. i think there is a better strategy that we could adopt. imagine radical fiscal reform that attacked not only the entitlements problem, that fundamental problem of medicare, social security that is going to bankrupt the country if something isn t done, and rationalize the tax code. simplified income tax, maybe even create just a simple flat tax rate. simplified and reduced corporate tax, created a federal sales tax. there is a way of creating a confidence-boosting fiscal reform. it s pretty radical. it has almost no congressional support. but it is an option that we should be discussin ....
Which things compound. the greeks have been there. spain is there now. japan could be next. the uk s teetering on the brink. and at some point i think in the next couple of years the reality will be that the paul krugman recipe ends up having costs that exceed the benefits. what else do you do? do you wait and hope? what s frustrating to me is the way the discussion is conducted it seems like there is only a keynesian option and the alternative is just sort of passively waiting for disaster. i think there is a better strategy that we could adopt. imagine radical fiscal reform that attacked not only the entitlements problem, that fundamental problem of medicare, social security that is going to bankrupt the country if something isn t done, and rationalize the tax code. simplified income tax, maybe even create just a simple flat tax rate. simplified and reduced corporate tax, created a federal sales tax. there is a way of creating a confidence-boosting fiscal reform. it s pretty radi ....
By november that this is a good thing. what do you think about the president s approval ratings? because it s down a couple of points than where it was in january. it s at 48% now. those who disapprove of it, 47%. how much of that you think has to do with health care? i think a lot. it is not just the american people are concerned that health care isn t the most pressing issue facing them. the economic situation is the most pressing issue. it is also this process issue. american people hate watching this stuff. after we had the loss in massachusetts the democrats had the loss in massachusetts in january, obama made the decision to go back for two more months of talking about the cornhusker kickback and deem and pass rules and arm-twisting in congress, and this is what the american people don t want to see. it is very predictable that obama s suffering. it is interesting that his message today, his weekend video message, was about financial regulatory reform. it is very clear that ....
Globally the 37th highest quality of care in the world, just above cuba, just below costa rica. that number will decline. is that where america sees itself? if something isn t done, it will decline. that s an argument the president hasn t managed to get across. i think the other thing he hasn t really done is appeal to a sense of generosity in the american people. i travel around the country and have seen the poll numbers but i m struck by how many americans say to me, we don t see ourselves as a country that doesn t allow people access to a doctor if they don t have insurance. that s just not how america sees itself. this is the country that gives the highest level of charitable donations in the world. americans think of themselfeds as a different country. all of you can weigh in. the tension seems to be individual elements are popular. people want different health care, access to health care, reform. but there s a lot of distrust that government can deliver this tiend of care and h ....