You're watching...
Critics ask how US can send more money overseas while we're spending less on American workers?
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- the same -- the White House says it's handing out pink slips and furloughs because of budget cuts it's handing out another 215.
Billion dollars.
In aid to the Muslim Brotherhood government in Egypt that is a move.
That has senator Marco Rubio for one and -- saying quote.
We don't provide for an -- solely out of the goodness of our heart we do so because it furthers our national interest now is senator rubio right.
How could we be spending -- money on Egypt at a time like this.
Hi everybody I'm David has been what could have worked on fox let's go and focus with the -- -- Forbes.
-- younger Elizabeth MacDonald bill -- John Candy and Sabrina Schaeffer sustained.
Does this make any sense.
No it doesn't David it's a complete waste of money.
But this may be a plot to undermine the Muslim Brotherhood because that can -- -- in return -- to -- fifty million dollars we want you to cut a deal with the IMF.
And the IMF as we know the International Monetary Fund whether it's high taxes getting rid of subsidies when the economy's in a free fall.
And devaluing the currency is a huge way of just make in the government totally unpopular.
Otherwise it's a huge waste of money we should do what we're just on the face of evidence -- -- the White House is complaining that it has to -- to give out furloughs and cut White House tours every spending 250 million dollars on a government that's run by the Muslim Brotherhood.
Does that make sense -- -- -- these -- I have to rethink everything I'm gonna say and how that's so cool -- and there's the cup we have to be a little bit careful here for starters keep in mind.
That he that the consolidated for an eight acting was passed in 2012.
Actually put strings on this money we can't give money to Egypt and last.
They agreed to continue to peace treaty with Israel so in -- sense there's some good news in the fact that we argument the money there must be some assurances.
Other things that are really important we get special access to the Suez Canal critically important we get flyover rights.
You have to be careful here there's more -- this than meets the I don't think I carry would be doing it if he didn't know -- -- was that I.
GMAC your priorities priorities again if if -- Were referee blowing American workers at the same time that we're giving money to a government that debt claims anyway that they hate us that doesn't make sense -- -- yet it makes sense to me either spent nearly 72 billion dollars since 1948 what do we get -- we -- government and run over.
By -- hottest we have basically they're rolling out the red carpet for -- Ron.
Based I say cut the military aid they've got a lot of ballistic missiles and chemical weapons.
And they have basically an army twice -- military twice the size of Israel I don't like that I'm worried about Israel there so I say keep the -- keep the economic development aid.
And cutback in military aid I wanna see more democratic reforms in Egypt Johnny you for this or against.
I'm against -- but let's not give it back to federal workers here let's cut federal spending the US.
And also I -- Egypt.
The founding fathers were very clear that we maintain friendly relations of all Asian nations allied by -- It's hard to conceive how this enhances our national security thousands of miles away.
And -- some people call these things bribes some of these foreign aid programs isn't it isn't doesn't amount to that.
I'm in favor of bribes I think Liz is much of a soft -- cut off all the gate.
What we've done over the past half century we've given billions of dollars almost a trillion dollars cumulatively to nations that are run by corrupt.
Violent.
Regimes.
And he's an all -- is that you say that's a good thing you know I'm we're on the thing is that we've been giving away this money thinking that the money.
Would wash away that the violence and the corruption it does not wash it away it irritates it.
I've cut off Egypt -- cut off Pakistan I can't Zimbabwe I give all the right Zimbabwe's getting visit to -- -- submarine -- got all your houses that bill would cut at all.
I know I I don't -- we need to do that but I think that the 250 million dollars we have to realize is simply symbolic it's the show that work.
Behind the -- government because it was democratically elected but the real problem is that 250 million dollars isn't going to do anything to -- set that -- simple right so.
And I think that we really wanna get behind the -- -- I wanna work with the IMF and the world bank and that's one thing but I think we have to acknowledge that.
What they really need is -- the five billion dollars that's on financial analysts have have suggested so I think that this two in fifty million dollars might as well I'll just be.
Returns in the US keep.
And if you imagine what they do with a five billion dollars by the way I I can get the fire has not only in -- policy but.
We heard I know you're very you've got people suffered in the sandy her K they're cutting that by two would have.
Billion dollars according to some democratic senators now while we're giving more money.
-- -- all screwed up inside yeah.
And it runs counter all of what -- kooky theories and the government now that you know you spend money to make money -- we're spending money to lose money.
With doing what we're doing with -- Jeff do you think that they would stick to their theory bring it back to the US.
But you know I'm still waiting to hear from -- -- if he's gonna pick up on my deal that is I get to punch and every day in the nose and he pays me a hundred bucks for doing -- NEC has knows of look at really nice actually let you do it every -- you can do it nobody else have worried that you want to get back and go ahead.
Boy yeah I mean I just think that this administration seems to have sort of an up and lack of strategy when it comes their foreign policy which appears to be you know -- -- here of the week -- lack of shot Angie here home Howard doing -- I'm a lot of strategy a bride I think that -- -- really wanna get behind each and I did think we have.
In -- with Egypt in the Middle East in terms of women's rights and minority rates -- and Israel.
I think there's there's a reason to do it to have this relationship but I don't think this -- an additional million dollars is gonna -- I want to think there is a strategy here which is that spending more money fixes things no matter or whether it does or not Steve that's that's the thinking I mean the -- bills -- -- -- the power spent more money another twelve billion dollars.
Yeah Egypt is not creating given more money maybe they well.
-- whether it's 250 million or five billion it's not so waste of money less they restructure that economy I'd give the 250 million dollars they've they've brought in supply siders like art Laffer.
-- -- to cut their tax system.
Have some spending -- let the economy grow.
Three -- entrepreneurs and.
Egypt how about that -- eight I'll qualify my remark about liking Bryant kind of -- are rough I guess I think -- -- -- nations to be democratic.
To -- citizens' rights to make sure that women have rights and tell them you know look you don't play ball you don't.
John the problems rarely have problems -- Steve Forbes what he has to say but in this case you know you say wealthiest men and on the right things.
They're never gonna spend it on the right things are right.
That they're never gonna spend on the right things and let's also remember that the founders were skeptical of unrestrained democracy as they were a monarchy the idea that we should be paying them off because they.
Elected people who actually dislike us.
I don't see what we're we're getting from this did not only had good foreign policy program that's ever existed is free trade let's open our markets and -- and then walk away.
Rick go ahead I I love what John had to say about the founding fathers -- not alliance John.
Will you acknowledge the ship has sailed on that we had these little things -- World War I.
World War II do you really want to live in a world without foreign alliances jot yes I do precisely because of because of our moments some of these wars -- you have to -- heads are -- Yeah I've garnered -- -- he believed to be careful not to -- also the Islamist states together earning that the Muslim Brotherhood is bad but the.
-- -- that are waiting in the oh in the wings would be worse so I think that there are purposes -- is siding with -- lot of these -- yeah it may be a good point but Steve it's so complex that we really wanna get in the middle of that that bat crazy system they have over the over there.
Now David and that's why we got to get the IMF out of this once you have an economy that grows again you develop middle class shall have blew zero tolerance of that kind of extremism all right it's got to be last word --
