the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn t act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that s blowing our way from europe. i ve been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because congress couldn t come up with a better deal to raise the nation s debt limit last year. i am not alone in my calls. the federal reserve chairman and the international monetary fund are warning congress to act before it s too late. if you get hit by another recession, you ll join me in pointing my finger directly at the political partisanship that sr. has poisoned your path to economic stability and t
easier as a politician to sacrifice spending lots of money in afghanistan than it is going to be to cut entitlements to cut schools. if you look at the polls. you ve got it exactly right. the american people don t have a pocketbook attitude towards national security. we spent 10% of gdp on national defense in the 1950s. we re spending less than that was a different economic time. america has 10% unemployment. 1950s was a golden era, the country was growing together. actually, we spent even more than that in the 1940s. right, that was, but that no, no, golden there was something big going on in the world. i don t think that was business as usual. if you look at obama you read the woodward book he clearly wants to get out. if it you were up to him he d pull out tomorrow. but what could he come up with? it s like st. augustine, lord, make me chaste, but not yet. even he, the guy who wants to get out, can t commit to getting out and has to commit to surging first.
you wouldn t be winning the election in november, that s for sure. easier as a politician to sacrifice spending lots of money in afghanistan than it is going to be to cut entitlements to cut schools. if you look at the polls. you ve got it exactly right. the american people don t have a pocketbook attitude towards national security. we spent 10% of gdp on national defense in the 1950s. we re spending less than that was a different economic time. america has 10% unemployment. 1950s the country was growing together. we spent more than that in the 1940s. right, that was, but that no, no, golden there was something big going on in the world. i don t think that was business as usual. if you look at obama you read the woodward book he clearly wants to get out. if it you were up to him he d pull out tomorrow. st. augustine, lord make me chaste, but not yet. even he, the guy who wants to get out, can t commit to getting out and has to commit to surging first. the fact