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Can Perry Pick Himself Back Up?

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    Steve Forbes answers America's questions on 2012, debt

  • Duration 3:25
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But it's Friday -- -- time today -- questions to one of our biggest enemies of the week Americans asking for as media chief Steve Forbes about the economy and everything else and Steve let's go ahead and start with.

A question directed that here's its mission to before or break -- He wanted to know.

How involved you are with Rick Perry and the formulation Arab Rick Perry's tax plan.

I had input on and hit a couple people working on and I talked to him himself on it.

And I think the outcome was pretty good he cut the rate down to 20%.

I'll take that and a generous exemption for adults and for kids so taxes don't go up for lower income people.

That's critical to making it past politically and economically.

In the last time we talked it was she asked before you officially endorse Rick Perry for president.

And to now that you officially did I'm just wondering how you think things have gone over the last couple weeks are you very disappointed bond with Rick Perry and his performance for example on some of the debates.

Well the the famous debate incidents I think of that what people look for when something like that happens how do you react to it.

He just crawl up in a corner and call -- a day or do you pick yourself up with grace and humor and move forward.

Member Ronald Reagan had a terrible debate in 19841.

Of the worst ever.

Bill Clinton 1988 spoke before the Democratic Convention was slowed for years later becomes president.

The key thing is how you react.

He's reacted well and he's got a chance to work come back it's a very fluid situation and Iowa he's got good ground forces which is going to be critical so he can come back in the game.

You still behind 100 absolutely.

Let's move to what's happening in Washington right now the super committee obviously -- that they -- -- come up with one point two trillion dollars in cuts that's the big question going into this weekend's.

I Kyle I had this question for you about why did we -- that has so little over ten years referring to that one point two trillion because that's over a ten year period.

She wants to know what you would cut.

And what number you -- search for.

Well she's right it's only two and a half cents on the dollar -- that we're going to be spending over ten years assuming the cuts are real.

That was the best you can get the Republicans wanted to more than Democrats -- we put this thing together.

So that's why -- -- and and I'm not gonna happen until after next year.

Elections do we get a real mandate to make real cuts the and I think you'll see real cuts you'll see big ones in -- reforming Medicare Medicaid and Social Security.

Long term in positive ways they're not gonna affect anyone is on the system today.

But in terms of departments Rick Perry had it right there lot of departments.

He Steve could.

You -- Andre now I'm just you know one minute if you go to eight oh really yeah so that's a good it's our next question Karen wants to know where you would cut anywhere -- you see that the easiest area as well.

-- there's a lot of how -- what they call housing and urban development that could be cut out like section eight which is not worked as well as it should pieces of commerce.

Pieces of energy education certainly can go in parts of health and human services you cut -- -- to having an adverse impact.

Return a lot of those dollars should the state level.

For example if you get take Medicaid.

Put it all on the state level just block grant -- the money to them.

They'll get more for the buck -- Washington possibly could so in terms of three point even the Defense Department and procurement.

Romney pointed out World War II thousand -- year we launch with a thousand people in the procurement department.

Today we're launching nine ships a year with 24000.

People.

Even there outside of our troops on the ground there is room for being more efficient.

Did -- just to hear your perspective it is just heard your questions -- a black -- -- salad that's good going to be leaving -- thank you -- mr.

Forbes.

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