Than welcome to add. But im wondering about your talk about the contingent liabilities the u. S. Government has and that is increasing its deficit every year and doesnt seem to care. And for a lot of reasons the federal government seems to be have the markings of a subprime borrower. And the reason why the reason why the they can continue to do this is people keep on lending the money. This is all based on psychology. And because they think that because other people are going to the investor class thinks that because other people other investors are going to keep on lending the government money, thats fine so they can lend money. They can keep on going on. This strikes me as a weak psychology. I know other competitive currencies are in as bad shape as the dollar. The question is do you envision any situation where the investor class will stop just just stop lending money to the u. S. Government at such low Interest Rates . I do think a lot of the fundamentals are worrying about the poi
Its entirety. 2. 6 trillion is medicare, medicaid, Social Security and interest on the debt. Interest on the debt by the way is scheduled to approach 1 trillion within a tenyear period of time, within the budget window. All of that money we cant use for something else. So 3. 6 is the big number and 2. 6 is what we spent for the debt and right around a trillion for Everything Else. So when you think about the federal government and you think about roads and energy and education and National Defense and all of the kinds of things legislative branch and commerce, Everything Else except for medicare, medicaid and Social Security and interest on the debt, you are all a bright audience and you know weve had deficits of greater than a trillion for the laxt six years which means you can do away with the entire government with the exception of medicare, medicaid and Social Security. And if you get rid of everything, in those four years we wouldnt even balance the budget. So that is the magnitud
Put in place to assure peoples privacy and to make sure that government is not abusing these powers, and on the other hand there are times when Law Enforcement and those of us whose job it is to protect the public are not thinking about those problems because we are trying to track and prevent the a particular terrorist event from happening. It is useful to have civil libertarians and others tapping us on the shoulder in the midst of this process and reminding us that there are values at stake as well and we welcome that kind of debate. The technologies are evolving in ways that potentially make this trickier. If we get into a situation which the technologies do not allow us at all to track somebody that we are confident is a terrorist, if we find evidence of a terrorist plot somewhere in the middle east that traces directly back to london or new york, we have specific information, we are confident that this individual or this network is about to activate a plot, and despite knowing th
Paris that suddenly everything should be going by the wayside. We have, unfortunately, this has been a constant backdrop, and i think we will continue to be for any Prime Minister or president for some time to come, and we have to make sure that we do not overreact, but that we remain vigilant and are serious about our responsibilities there. Thank you very much, everybody. Appreciate it. Thank you. Cable satellite corp. 2015] national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] next week president obama delivers his state of the yupe i dont know address before a joint session of congress. Well have his speech and the republican response plus reaction from you and members of congress. Our live coverage begins tuesday night at 8 00 p. M. Eastern on cspan. Secretary of state john kerry was in paris today to meet with french president. His visit comes a little more than a week of the deadly terror attack on a newspaper. While attendi
You just wrote a book that says a lot of what the government does may not do any good and we spend i omitted the word may. Isnt there some point of having a Budget Constraint here which says to the congress, ok look, live within these things and lets spend more on the stuff that works and doesnt. Thats kind of the idea. Right. A, sent that a good idea . And b, why doesnt that ever happen . Why doesnt it ever happen . Why dont they set priorities and spend more on what they should and less on what they shouldnt . I think its just too hard. The government is gargantuan. Theres a book of Government Programs, if you dropped it on your toe, would you have to immediately go to the hospital. Thousands of pages. The government is just huge. How can you we cant even control the department of defense. We were in a meeting a couple months ago that had an important senior official and department of defense said they dont even know what the budget is. Is that correct . No, thats not right. Im talki