Concerns about China hacking US infrastructure
Sequestration and defense budget cuts. How Islamists have seized control of the Arab Spring
- Duration 37:01
- Date Feb 27, 2013
Sequestration and defense budget cuts. How Islamists have seized control of the Arab Spring
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Fifteen months of president's been traveled all the country.
Only rallies instead of sitting down with senate leaders in order to try to forge and agreement over there in order move a bill.
We have moved the bill in the house twice we should not have to move a third bill.
Before the senate gets off their -- and -- to do so those cuts will go forward.
They're all cuts.
Well I think we need some revenue to take the pressure off everybody the American people agree with me.
-- -- until there's some agreement on revenue I believe you should just go ahead with the sequestered.
Well you items thought.
That that was the playground of the bunch a fifth graders screamed at each other right now in fact a senior leaders of -- and I say it's government.
Indeed men who are in line in a succession line present the United States it's something happened the president and the vice president well.
So it is with Washington and today's debates.
Joining me right now as a new lady who has not been on -- country before but I'm really happy to welcome you.
Congressman -- I'm gonna get this right -- -- is that how you -- that -- sort of that kind of -- that it.
And she's a Republican of Missouri -- Fairly new member of congress which is sitting on the house armed services committee and is gonna tell us what is the latest just have -- little boys who were just not handing the sequestration.
Cuts in the defense budget cuts and what do you think what's going -- what's the latest doesn't think like anybody wants to cut defense but it seems like it might happen.
Well we've got to get our priorities right in our country and certainly providing for the common defense is one of the few things were supposed to be doing here.
And saw I have opposes sequestration from the beginning I voted against the budget control act and I have.
Co sponsored and promoted these bills that we came up with in the house to replaces sequestration.
With more common sense that cuts they get rid of waste and duplicative programs here.
As announced it is time for the senate to lead and the president.
The president during the campaign -- sequestration isn't going to happen yet he hasn't lifted a finger.
To try to stop it and put forth a viable plan.
I am afraid that this sequestration will take affect at the end of this week but I'm hopeful.
That we will be able to come up with that an agreement to replace these cats with things that we can all.
-- support -- the same time making sure that we don't hollow out our national defense.
A congressman you say to people who say -- look that's just 2%.
Of the entire federal budget.
Most Americans have had to make much bigger cuts and that in the last few years why can't congress stood.
Weis is such an issue right now.
Share well we -- already cut 487 billion dollars the national defense as part of the budget control act.
Sequestration would cut another 500 billion dollars making it totaled almost trillion dollars -- -- national defense.
Now put this in perspective our national defense is only 18% of our current budget yet it's has already taken the brunt of 50% of the cuts.
And that we do not want -- hollow out our forces we have been at war for -- -- years we are currently still at war with men and women in harm's way.
And we have to really sad after that war we have a lot of equipment that is worn out.
And if anything we should be I believe increasing our spending in our national defense not decreasing -- Congressman what what is the mood on Capitol Hill and bags and house and the senate.
About where these cuts would come particularly the defense cuts.
We've heard the president talk about we're not going to take it out on the back of our wounded warriors but yet if you look at the size of cuts you just talked about.
It's hard to -- that you're gonna -- those kinds of cuts without at some point cutting back.
On services or benefits to our military.
Well what this will do if it goes into effect is endanger the lives of our men and women currently fighting.
The army is going to have to cut back on its training hours including those in the pipeline for deployments.
In Afghanistan in May have been their sometimes 45 times on their deployments.
Which is unacceptable the air force says they're going to have to cut over 200000.
Flying our time as far as training and that translates into endangering their lives and we can not do that.
But on top of that we've got North Korea and that is.
You know threatening to send a nuclear bomb our way through a missile we've got irate and threatening things.
We have dangers all over this world.
And so Congress's role main function is provide for the common defense and so we cannot allow these past two if -- -- Okay what happens if come march 1 they do it and it does -- sequestration happens.
Some high quality even said in the in the Democratic Party so well again this is just the beginning.
We want to cut back defense even further what are you gonna do what are you going to be able to change that.
-- well we're not going to support certainly there -- efforts.
To cut any further and we're going to try to promote replacing these with common sense -- cuts that we have already passed in the house.
That need to take place because our government is spending too much money on areas that it shouldn't for instance.
As part of our plan earlier we stopped us that the federal government giving states bonuses for turning their food stamps.
People work in on time I mean that is ridiculous we have.
One point seven trillion dollars of excess government federal property that could be sold.
The EPA gave a 100000 dollars last year to China and other foreign countries.
There are areas where we can cut and we should cut but we do not want to cut our national defense.
-- -- -- -- When you hear things like the president talking about well they're going to be long waits at airports or we've got to release prisoners from our jails.
Or children aren't gonna get their lunch money and then you -- you've just ticked off about five different things.
It looked like they'd be very easy to eliminate and certainly would have a priority way below.
Lunch money for children airplanes coming out following out of the sky.
I've what do you think is going to happen going forward as the Republicans and Democrats capital -- -- White House.
Continue to sort of tussle over this is there any any grand bargain that might be made.
That will get us out a path of a little more economic solvency -- certainly.
It is doable.
And I think you're going to see with the continuing resolution -- in in March 27.
That and sequestration kicking in on March 1 that there's going to be a lot of discussion -- how we can continue to fund our government after march 27.
The dude in a Smart way that makes use of the priorities of the American people which I believe national fans should be one of the top ones there.
So we're going to see a lot of maneuvering the president now I've -- was trying to scare people and it is certainly is promoting more tax increases which is.
Opposite of what we need to do to get our economy going.
And with the fiscal cliff deal that was already -- 600 billion dollars worth of taxes that were proof.
And so when the president talks about we need a balanced approach.
Well now it's time for him to put up with put out some spinning cut proposals because the tax increases have already taken place.
Yet he wants to continue to tax even more so we're not going except that.
We're gonna hold the line and we're gonna put forth common sense proposals and I hope that the American people away and and we can get the senate and the white house on board.
Of Iowa congressman Mickey Arthur republic at a Missouri -- house armed services committee.
And one of the most articulate explanations.
Of what's wrong and what could be -- -- thank you so much for joining us.
-- thank you thank you.
Well we're getting some pretty wild -- over this topic and -- break it seems to be breaking on both sides there's some people who are conservative who say like.
Lady gray found say it's no I'm not concerned about sequestration bring it up.
Other people are saying whatever you do don't check it out on the backs of the military.
This -- secretary of the navy Reagan's secretary of the navy testified on congress yesterday.
To say he's -- jumper he's a -- on offense he wants more ships for the navy.
But if we can't find any way out of this mess jumper over the cliff.
I -- you wanted to comment weigh in on that too so please do send your comments to me it twit or join the live chat below and we'll read them.
When we come back from the break.
President of the United States.
Has sent me here and sent me two of this series of meetings and sent me to room.
Because he is concerned about the course of events.
And he is currently evaluating precisely what steps we will take in order.
To fulfill our obligations innocent people.
Welcome back to -- country that was secretary of state new secretary of state John Kerry.
-- about the president's concern about what's happening in Syria the violence in Syria.
And he has sent -- dispatch the new secretary of state around the world to solve these problems.
Well here we are teen years later after the Arab Spring.
-- as our next guest sandy McCarthy says.
Arab Spring forget about it -- spring fever and it's not going to worry -- it thought it went.
Welcome back to -- country great to be your candidate currently has a new -- it's terrific it's short I read it.
It's called spring fever the illusion of Islamic democracy.
You the very beginning have been very skeptical when people were during the high fives and is this great the entire Muslim world -- breaking out.
Democracy all over you always had that caution about it explain.
How you -- right then.
And what you think now well the reason I've always been skeptical is because it in a very basic way when we talk about democracy and particularly when we talk about freedom and we're we're dealing with two different cultures who mean two different things -- a sense we're not even speaking the same language about it.
We think of freedom and democracy as a culture a way of looking at life that implies.
The the freedom of the people that govern to make law for themselves to chart their own destiny equality.
Economic liberty in the life.
In Islamic societies in the Middle East and you can you can talk about how Islam is is interpreted differently in different places -- in it's on its home turf.
Where Islamic supremacist and I think it's the dynamic is -- freedom is really.
What they think of those perfect slavery in other words to believe earth that abruptly but yes exactly -- -- the believer hands himself over to.
Sure -- submits completely because.
In the our way of looking at things and I don't mean to be derogatory about this at all this is just the way they they believe.
A lot has given mankind show real law as -- as a gift.
Which is -- to to sort convey the the perfect way of living human life dignified human life.
And as a result they think it's an affront.
To legislate in -- -- that's contradictory.
Of Islamic law whereas we believe people have a right to chart their own course so.
Who work we're going this way with respect to our basic assumption.
Cinema I was like the only regularly Tunisia Morocco.
Egypt all these countries have their Arab Spring movement.
Moment and we interpreted.
As being a quest for democracy that the people most countries said we want to decide charter on -- we want democracy.
Was it never that from the very beginning it was never that no.
What a you don't look I want you can't make a blanket statement -- have millions of people.
And the fact is if you look at Egypt which is probably the most consequential Arab Muslim country in the world.
You have a mixed bag of population it's about 10% Christian 90%.
Within the Muslim community you have you have secularist you have pro western people you have Communists.
But you know all that aside prior to Mubarak's fall all the polling told us -- two thirds of people wanted to live under Sharia law.
Since Mubarak's fall we've had a parliamentary election where islamists were elected by a four to one margin.
And a constitution.
Which impose -- -- -- which was voted in by a four to one margin.
Plus we had -- -- elected even though he was an eleventh hour afterthought of -- candidate who no one even knew.
Virtually days before the election which again is a testament to the Muslim Brotherhood strengthen that society.
So what's happened -- -- either by the ballot box or in the and the case of say they're rebels and Syria.
The Islamist movement is worth taking over and we have seen dictators.
Toppled -- -- -- North Africa and the Middle East and was taken their place -- Is radical Islamic movement.
-- KT I think the best way to look at it is what verdict on the the prime minister of Turkey says about democracy which is that.
And I think I -- the first character in the book with us democracies like a train you ride -- to your destination and then you step off.
While their destination is the imposition of Sharia they don't look at democracy as a way of life it's a route to power and once they get power wouldn't -- game is to impose -- -- Their charts right what -- is that our house -- bad for the united states of these terrorists are -- Islamist country well it's bad for the United States in that we know that there are that rapidly hostile to the west and that's not.
Me saying at the justice department for example.
Had a case in 2008 a prosecution of an outfit called the Holy Land Foundation.
Where we got a real -- view into the Muslim Brotherhood.
And we saw internal Muslim Brotherhood documents where they said they viewed their mission in the west.
As the elimination of destruction of western civilization from within by sabotage.
They don't like us very much so we need to recognize that doesn't mean you have to invade every country -- hostile to you.
But you have to treat them like they're hostile you can't do you know that -- hostile to us so we on them that's insane and.
In the book you talk a lot about Turkey which is a country that -- we -- really.
The kind of glaze over basement of the Arab Spring and then and the movement.
Of Islamic pro democracy is all about Egypt into rock and Morocco and Tunisia may be Syria but you've spent a lot of time focusing on -- -- Explain to us why that's important and why it's not a.
Simple -- because in Turkey if there was ever going to be a situation where democracy worked.
In an Islamic culture Turkey was case in point right and they had an eighty year secularist nation project to be the father of modern Turkey ought to -- Believe that to turn to the west which was the which was what he thought his country needed to do to flourish.
They needed to purge Islam and particularly Islamic law.
From the public.
-- And they really rigorously did that for about ten eight -- eight decades.
And every time the islamists came close to coming back into power the military was fair to put them down as the guardians of those of the secular state.
Yet when the islamists took control in 2002 it's taken them about a decade -- they've basically pull Turkey back into the Islamist camp to the point where they're now the biggest financial backer of Hamas.
For example a terrorist organization.
And my point is that.
If they there's never been a pro western secular -- -- project in the Arabic.
Muslim world so I thought that places like Egypt.
Once islamists came to power would -- much faster than Turkey did and I think you're seeing that what it took her to -- a decade to accomplish more -- been able to do.
Virtually in a few months.
Fast forward 35 years from now are we looking at a Middle East and -- African at least that's increasingly.
Sharia law Islamist anti American anti Israel apparently this I think yes the V one wild -- here and it is really something we need to watch carefully is that Egypt for example is a financial basket -- it's got you know only a couple months worth of reserves it's a net importer of food.
It's really -- eight a basket case where you could have.
Real upheaval because you're gonna have economic chaos on on -- on top of the social and political.
-- let me -- -- worse right.
Okay well Andy McCarthy the book is spring fever the illusion of Islamic democracy.
I have a feeling that's going to be just as successful as all the other one won't let you.
And it's much of a correct prosecutors future thanks so much richer thanks KT OK we're gonna -- turn to the topic.
Last week and again this week which is cyber hacking and the fact that the Chinese seem to be hacked and -- every computer in North America.
Everything from the defense department of defense industries for the US government.
To your local bank.
To the entire electric infrastructure electric could -- search yourself the man we always -- -- to talk about things like this is Jill Brenner.
Inspector general of MS say that's the super secret spy satellite agency of the United States government and he's written a book which.
He -- a couple of years ago but I think it remains.
-- one bucket you're gonna read anything about cyber security cyber attacks cyber warfare it's the one you want to Revis called America but vulnerable.
So thank you so much for being back with us again show.
It's great to be with you again KT I -- -- -- felt really the headlines last week and it sounded like the Chinese -- I have the world come join and that whatever super storm.
Hurricane sandy -- The Chinese could do with the click of a mouse and do it over the entire country should we be afraid -- Well I think we got to deal with this really seriously.
But fear is not gonna make us have good policies.
But let me let me make two points though I think -- the conversation -- One is we didn't really passive in the face of this and we've got to change that.
We need much more robust diplomacy we need a much greater effort to high.
This theft to specific products that we can impose serious duties on her -- And we need to get our allies in the in on the same boat we also ought to start thinking about visa restrictions for some of these bad actors.
That's one side of what point I don't want -- make but I'm very very troubled by talk of war talk involving China including Cold War talk.
China is not -- our enemy.
We can't do without them and they can't do without us China is a competitor.
A very rough competitor but not an enemy.
We need the discipline that relationship.
But war talk won't be useful.
So that's those the two poles of the conversation we have a symbiotic relationship now.
We haven't been doing such a good job of managing it we gotta be better at it.
But let's remember who we're dealing with this isn't the Soviet -- Okay when you -- in the past about defensive measures the United States could take either nationally or in -- American businesses could take.
To protect us against cyber attacks.
We go through those again and give some examples.
Yes I'm I'm -- I've been very concerned.
About our our critical infrastructure.
Air traffic control electric grids and the banking system.
And this is not a China problem I want to emphasize the Russians in the Iran aliens are also serious players here.
Is exposed to the public Internet.
And that Internet isn't terribly vulnerable.
And I don't believe that as a whole.
The industry has taken adequate steps to protect itself ideally it ought to be isolating itself from the Internet.
We know the Internet is porous we know that identity is spoofed on the Internet we know that malicious code can be.
You inserted insistence that this is we've got to be much better at this.
I'm also concerned about our banks right now I think starting you know last August the Iranians.
On inserted com.
Now where began doing serious disciplinary did disciplining our banks and and with distributed denial service attacks.
You you know the banks are worried that.
What happened in Saudi Arabia which is the Iranians wiped out 30000 computers in Saudi aramco could -- could happen to them.
This -- that would bring this country.
Causes causes and a degree of financial hardship that would make the results of 9/11 look look look small by comparison.
-- -- I'm terribly worried about that -- -- -- steps we can take to prevent that from happening now.
Well I thought that feed the big goal that came up in -- -- in the senate that failed last time was it was a good place to begin.
I don't wanna see the government imposed security standards on the private sector I think that would be a disaster.
It would set in stone and in statute.
A standards that are evolving and are extremely fluid but I thought the idea of requiring.
Each of our major sectors.
Are critical sectors to create standards and that.
Then all of them would then be bound by I think that makes a lot of sense.
And I'm hoping that that we're gonna revisit that in the current session of congress.
You know people who say -- doesn't the United States don't we hack things too I mean after all we've.
All seen what happened with stuff that Farris the worm.
You know they malware that was put into the Iranian nuclear return process and probably sent their -- -- their nuclear program.
After a couple of years we're doing this too isn't everybody doing cyber warfare at this point -- I'm glad to be asked this question I want to.
First of all cyber operations yes warfare I'm not so sure so yeah again I want to curb the war talk the United States has very advanced.
The network espionage capabilities there's no question about it and we're glad we did.
What we don't do it and is to use our.
Intelligence agencies for the benefit of our private companies and we don't do that for several reasons one is.
The defense of intellectual property rights is a bedrock proposition.
For American foreign policy a strategic proposition.
-- to undermine that for some tactical advantage would be.
Would be foolish and also you know we're not going to China for advanced technology right now.
Because why because they don't have it.
The real good engineers the real -- and they're developing in that respect that so far.
It is not a place.
Of technological hot -- of innovation as we are.
So we don't do that.
And lots of other countries do do that the Russians do it the you're running and we'll do it.
Sometimes the French and Israelis have been known to do it but we don't.
What are the arguments that some people have made is that the countries that seem to have invested most in cyber.
Espionage cyber hacking sent an intellectual property theft are Russia.
China North Korea Iran those are all countries which have close themselves off.
The Internet from the worldwide where have they have a lot of restrictions so that their own people cannot participate in this whole new world that there have been trying to take advantage of -- -- United States could do to help open that populations of China Russia Iran North Korea.
-- what we all take for granted which is a free exchange of ideas and isn't that potentially a pretty -- potent weapon in our hands.
Freedom of information is a potent weapon in our hands yes it is.
The Russians and the Chinese.
That flow of information actually is a form of aggression.
And would like to see international law begin to two address it.
Of course none of the western powers is -- to have anything to do with that kind of too radical approach to two to freedom of expression.
I wouldn't put me on.
-- in north Koreans in that same basket okay team so far.
We haven't seen them be operating at the same level was the year Ronnie has let alone beat the Russians that the Chinese.
But freedom of information is and free expression of information.
Is -- a powerful force for human rights and human dignity.
Not not just for for western power but for human rights and dignity.
And that's a -- proposition with -- us.
Some of these countries want to stop that we'll do our best to keep him from doing that.
Well I think we want to and the interview I'm Matt well done John -- author of America the vulnerable which continues to be the best thing out there.
Explaining cyber weapons cyber warfare and the world of the future thank you so much for taking time to join us again today tell.
Pleasure -- -- your kind words thank you are gonna take a break and then come back with an extremely special -- one of the people who helped.
Save the world economy twenty years ago.
The British former chancellor of the Exchequer and other risk the top financial guy and Great Britain.
-- working with Margaret Thatcher and John Major change the world saved the British economy.
Got Britain out of the European Union and gave.
Great Britain a generation of prosperity will ask him some good tips that we might use your -- in the United States to fix the problem -- They backed him.
Serious concerns about say the ability of -- -- -- in the Euro would probably have much broader effects on other asset classes.
Bond yields around the World Bank stocks -- Sarah.
And those effects -- be more and predictable and more concerning that probably didn't direct.
Losses -- exposures.
In terms of Italian debt holdings.
Welcome back to Defcon three we have a special guests lord LaMont the former chancellor of the Exchequer of Great Britain.
That's the equivalent of our secretary of the treasury at a man who is considered by most people to have been.
Having the most successful chancellor of the Exchequer in the last hundred years you worked with Margaret Thatcher.
-- -- in her cabinet -- in John major's cabinet I think there was a very famous actor that played you in the Iron Lady when you're sitting around the cabinet table.
With prime minister Thatcher.
But you -- you -- -- guy who got written out of the eurozone while all the other countries are rushing to be and it now it looks like.
That was a brilliant move on your part because we're watching -- on a daily basis and Bernanke even said this -- the eurozone.
May not hold together what do you think's gonna happen with -- Well I was Britain's negotiate when the year we set up of course it wasn't just me it was the government's.
Policy that we didn't want to join.
At the moment it doesn't touch about -- because so these tensions.
In the years.
-- view is that they will probably.
-- terrible calls sluggish growth rising unemployment.
Just about probably managed to muddle through but I think the long term future for the -- -- -- the next few years is really very difficult.
I think it's the most unhappy marriage.
A good definition of a happy marriage is from the people who want to do again I didn't think yeah.
I'm guessing the choice these countries who want to -- the -- When you sign up again when you weren't in the cabinet the United States I was in the Reagan administration the same time you're in the cabinet and -- Britain.
And Margaret Thatcher and Ronald Reagan had an unbelievable relationship with they they really wrote in -- weather was on foreign affairs dealing with the Soviet Union.
We're -- with reviving their their -- economies both the United States and Great Britain at that time in the late eighties and late seventies early eighties had very.
And their economists are in bad -- for a lot of reasons.
Reagan and Thatcher.
Implement a lot of the same policies and it led to a generation of a phenomenal economic growth boom success.
Now the United States and Great Britain.
-- don't seem to be going in the same -- we both have economic problems of -- significance.
But the British are going in one direction austerity.
The United States under president Obama's -- during a different direction which is to increase spending.
Moody's downgraded the British.
And credit rating just this week.
The United States has had its credit rating downgraded as well so doesn't seem like either one of these two are working.
What's your prognosis for a while will work if either.
Well I didn't think the difference between the United States' economic problems in Britain's economic policy is is great -- is people like mr.
Krugman -- -- The fact -- Britain's Andy -- reducing its deficit.
-- -- Like America.
And America has more indebtedness into neutral in Britain but we're adding to in deafness I think the reason we were downgraded.
Most people -- a bit disappointed we haven't reduced off.
What we have decided not to do what they've done in Greece or Spain where they've had such a -- take that they've got 25% unemployment and we think we can go on a more gradual.
-- -- -- fortunately we're very affected by what's happening.
In the Euro zone an area where the unit is the currency was tough out trade is with them we're getting better than they that took them -- yours and his.
Much better than Italy or Spain Greece but obviously it has effectiveness.
I think we will get through this we will.
Reduce our deficit but it's undoubtedly true that -- -- slightly disappointing that progress has been a little -- And so where we go from here.
Are we -- can't we say progress has been so are we looking at another 510 years that -- just very slow.
Flat line economic growth by -- side of the Atlantic.
When are things people are being very slow to recognize is this is not a typical recession resistant interest rates going up.
Because that's been runaway inflation this is being caused by a massive.
Banking bust up and history -- in countries like Sweden.
That these sorts of -- take much longer you go to work or be overhang of debt out of the system and that's just -- -- -- time and I think what we need to bubbled up time and patience to work these debt side of the system.
There isn't -- silver bullet you can just.
-- and -- sold.
While the United States is nationality are you just arrived in New York is debating whether to have this sequestration cuts in other words do we start having.
Mandatory reductions in defense and social spending.
Some people -- argue that you don't wanna do that because if you do -- you're trying to push the economy.
Into another recession because if for example cutting the defense budget is probably going to lead to a million people unemployed.
Which in turn will reduce the chance you get answers from -- by one maybe even 2%.
Well I think it's a questions -- from me to run America what to do.
That I think it's a question of the pace at which you do that America is in a stronger position in Britain because the dollar as the reserve currency of the world and people.
That four will always so don't let us.
I think in a world in which people up paying huge attention to sovereign debt and the crisis is being in Europe about sovereign debt -- It's a un special status may not last forever -- -- being a reserve currency -- threatening Comerica has to pay some attention to stock of -- I think I mean I remember many years ago mr.
Cheney was reported to have said deficit right -- And for that anything that's quite right.
I'm sure if they had to have the answer the question again out of a very different answer.
View the rise of China.
Well I think China.
Is -- -- -- a great rival economically.
But I think the idea that there is inevitably shift to product to the east.
I'm not sure that I regard back -- -- it's inevitable this makes people I think course.
It's important not to -- estimate this -- -- optimism that The Who.
Discovery of the possibilities of fracking in America and -- becoming energy independent.
That would mean.
That the United States would be -- -- -- rely relying on Chinese funding to fund its deficit that no relationship could be altered by.
Fracking I'm very optimistic about the future of America who have been natural resiliency.
I didn't think the rise of China it isn't necessarily -- -- into the shadows would become a world -- to the United States but remember this.
If China's economy becomes bigger than America -- -- because you've got a huge population.
Used to be much poorer individuals.
Earlier you talked about that thing you know they -- good marriage -- fun of people would do Horford -- and the Euro the European Union or the year hands down right.
Countries -- wanna do it.
One of the great things about this format that we have baptists were an Internet news channel is that people are watching this on their computers.
And sending in questions for me to ask you so I have a question.
To ask you and JD says is there any chance the Euro -- could split up any time soon you said it may muddle along.
But his search -- doesn't model a -- -- its brakes and of its components are.
Know what what I meant by that was in the long run I think it will break up.
But I think -- -- huge political will from governments to keep today.
And then they will do.
Just about watching tapes but the question is how Long Will populations but top of the suffering.
The rise in unemployment creases in his six year of recession unemployment in Spain Greece is 2526%.
And the prospect is that this will go on for year off -- year off Tia and I think he eventually it will come upon where the Euro loses some of its members and you eventually see a -- but I didn't think that'll happen in the short.
Okay but if it does happen at all said we give and go back to France and Germany and Spain and Italy all doing their own thing their own currency -- their own economies.
Will it life be better for the people in France Germany Spain Portugal if they were to go their own separate when I.
Think it's he would I think the creation of Europe who -- the you're was a catastrophic -- OK now I've got one final question talking about a special relationship and a good marriage.
You think the United States and Great Britain will continue to have that special relationship that we've insurance for the last 200 years well.
I try not use the phrase special relationship we have a close relationship.
United States has a close relationship with Mexico with Israel I think -- always have a close relationship with Britain because of language because of history.
The cooperation between the armed forces intelligence services universities but we've both grown -- countries are native American politicians who convinced union need to say -- special relationship is intact and a British press will grin and -- Very pleased we have we -- grown up where both.
Independent countries but I think -- we -- good friends.
-- I want to thank you very much for taking the time out of your busy trip to New York to take a few minutes with us lord LaMont.
Former chancellor of the Exchequer of great for a man who saved -- certain.
And I -- tell you most of the time we have people who come on talking about doom and gloom.
The United States suspect it's all of the cup but it's still great to hear someone from another country coming to our shores to say.
You're really optimistic about the future of America.
Thanks to some elusive in the Europe -- hope it.
You heard it here first everybody -- emigrate to the United States -- the place to -- Thank you so much -- KT McFarland Defcon three -- here and and again tomorrow at 11 o'clock eastern for foxnews.com live.
And the latest on whatever is happening all around the world.
Thanks for giants.