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Ben Stein in the 'Hot Seat'

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  • Description

    Acclaimed economist answers questions

  • Duration 3:13
  • Date

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What you ask our next guest -- definitely have an answer if not the answer we have lots of your questions about the economy and -- different aspects -- might mean.

For our country -- my feeling is well.

-- -- on the hot seat is looking pretty comfortable about these not too hot seat and it's great to have you with that's he wanted to be here in the rear end the author this new book how you how to really ruin your financial life in portfolio which is of course.

Everything we're trying not to do so -- I Jon and -- -- -- think it's when that a lot of our viewers had he asked are we really as close to the fiscal cliff is everyone saying what do you think.

What we're close to us and treasurer taxes would go up to roughly what they were in 99 did in 1999.

And stamina because.

Quite significantly but not enormously but is at the end of the world I mean we go over the -- glad.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Delegate part of big ways and we don't -- -- defense we know ought to be utilized -- men women in uniform but they're we have taxes going up.

By several present his -- for the rich and I gobble a bit less.

Quite a lot less for the middle class it won't be the end of the world -- -- we don't like very mart -- but it's not the end of the world at all.

So Michael how to follow up questions that and it picked his question because his last name is -- so I'm I'm just the only favorite excellent I.

So Michael -- had this question he says that the president claims that taxing the rich will not if fact.

97%.

A small businesses.

Is that sure is that it figured -- only talk about who's affected by taxes going up that they make more than 250000 dollars.

Well I I have been one of the most severe critics of President Obama and I -- I don't want is a new president but I think his dad is correct.

The attacks and raises.

Back to what they were in the late ninety's or they were under bush 41 are not gonna really hurt us that much could be good and we -- good and I'm very gradual phase in way.

But it's not gonna affect us and that much -- that dramatically.

The last week days -- very rough laid crudely.

But if there we go over -- best dog left or go home runs than they were got a -- gradual thing is again and tags embraces it will middle revive.

But with all due respect we've got to do something -- got a national debt which is simply unsustainable.

We're raising -- -- bankruptcy.

I that.

If they could be the viewer has another question on -- -- well -- I ten had this question so we're not hey there's a depression you know in the next couple months no that's when he fourteen what about -- going injury session how to protect ourselves.

Well that's a real problem Europe Brian neurosurgeon and China had a dip in growth although its recovering -- -- pretty best again.

I -- you -- YouTube projectors on those individuals by working and saving I don't think there's going to be a big problem for any family where the breadwinners.

Where his heart is again and save his bloods is again it's going to mostly affect people who are sort of living on the razors edge.

But ever be -- got a solid financial plan they're gonna -- -- I hope -- habits of the world because it kind of feels like that's not coming to an end at all not at all expense nine senate today.

Friday.

Is not coming to an end that's -- news logo on the amendments some good -- -- and made it look.

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