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That's Athens Greece the violence is seizing that city protesters hitting the streets and raised about the potential of new austerity measures.
It's no secret Greece is in trouble gives governments scrambled to find its way out of a catastrophic financial meltdown resulting from their staggering national debt.
And what is happening in Greece is striking a nerve right here in the United States -- got our own debt.
The United States he the next Greece joining us Republican presidential contender author of the brand new book a nation like no other former speaker of the house.
Newt Gingrich the speaker nice to see you -- we see what's going on in Greece now.
About these new austerity measures that may go to the fact is there any chance -- the United States is remotely headed in the direction of Greece's.
While there's a chance -- headed towards a huge financial problem.
I would draw a distinction of the two -- 300 most violent people in Greece are professional and Marcus who want to create violence.
And investing -- if you knew them as lock them up music.
People who wants violence there were several thousand peaceful protesters.
Grew a bit more like what happened in Madison Wisconsin here did those are folks who represented government unions they didn't want to see their own their contracts change.
But of the but the real violence is caused by people were set out to create violence there's nothing -- The meltdown problem the Greeks have a problem we have is that politicians -- promise more than you can deliver.
And people like the promises and when you start saying we're gonna have to change and people start coming up what's -- gonna lose.
And in Greece frankly there -- so much trouble.
They can lose about 13 of their of their total value so.
He is your pension or you're somebody who were doing your life you -- be faced losing a third of everything saving whole lifetime.
And it's combined with real anger Germany.
Which after all occupied -- reward to and so you have a combination of nationalism.
And real economic fear of coming together I think that's going to be a mess and -- can stay -- -- for a long time -- So here in the United States that impresses me with the latest on Capitol Hill and the big -- over the -- Republicans say no to tax increases.
And the Democrats at least was five would say are are not going as far as spending cuts Republicans want so there is -- line drawn us send -- agreement that.
I think the line and nobody is pretty it's -- -- -- on the democratic side it's silly line you know what the Republicans ought to do not -- gives -- about the Democrats because we -- it is the other party.
So what the Republicans ought to do is say will accept the cuts that the Democrats have offered whatever that number is and will raise the debt -- the amount the Democrats are prepared to cut.
And that means -- that's showing my last three months of my last two months -- whatever the let the Democrats decide how long it does Schilling is gonna last by the amount they're willing to cut.
But the Republicans cannot and we -- -- tax increase feel fourteen million people unemployed.
I think did you have a tax increase to further weaken the economy is is.
Truly socialist economics it makes no sense at all in this country to raise taxes right.
I tape and if you're still speaker of the house -- president since that would be your ally and they would get under no circumstances taxes be raised is that correct.
Can't find my line -- be we -- to have the very dramatic economic growth package.
And get people back to work -- nothing will do more to bounce the markets.
And getting people to work -- -- -- -- supposed to play this out I think if that is your position and the Democrats are unwilling to change their position well and that's as far as we're gonna get in terms of where we've moved the ball -- to say they've cop -- -- but the fact is that nobody's really any closer to what's gonna happen what would happen.
I think the house -- -- should pass the package Democrats have offered on the spending side.
-- the democratic senate can decide do they want obstruct or not the president can decide does he wanna sign are not so what what do you think will happen.
I think in the end if the Republicans are calm and -- full and focus and getting the job done the president is gonna sign may take spending cut only bill.
So I think the Republicans will not budge at all on the tax cuts and -- -- and then the Democrats.
And the Democrats will we'll we'll close to the Republicans position.
The Democrats -- -- a real crisis.
Present United States is about to preside over the United States defaulting on -- -- he can't do that.
So he is gonna have to and the end of and we it is something.
The Republicans -- position as saying they're very happy to avoid a default if -- sign a spending cut bill.
I think with the Democrats to assess -- I think how much different version -- they're gonna say that the the Republicans just want the rich to have all the money.
And that there and then there were willing to do they want to put the country in default to do that.
-- -- -- -- Relations say as.
We have more people on food stamps today than ever before in history.
President Obama is the most successful food stamp president in American history we need a program to put fourteen million Americans back to work.
We're committed to creating jobs.
There for the Democrats are committed to killing jobs.
And you decide which future do you want you want paychecks have you on Simpson's Republicans shouldn't flinch just goes down -- -- -- -- -- a hundred year old redistribution is class warfare Republicans shouldn't blink can run for the hills -- -- common -- This is the Obama depression it is going to be a worse under his policies how we ought to change it now.
I thing that -- Paul is.
Bothers me is -- -- -- talk a -- about what they raise taxes not raise taxes spending cuts not spending cuts.
But -- -- -- so little real talk about waste and fraud and improper payments.
And I have a copy -- love improper payments by the federal government that's put out by payment actually got got and the numbers are actually staggering for last year -- department human health and human services Medicare fee for service 34 point three billion improper payments.
Medicaid department human health and human services Tony 2.5.
Billion dollars unemployment sheriff's department flavor overpayments seventeen point five billion introduction this is just a list of billions and billions of dollars what went as anyone -- -- -- -- can be so politically attractive.
That any any party would seize upon opportunity did.