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President claims fixing the economy is his top priority -- if we follow his new budget.
Our debt would double from its rate in 2008 by 2014 it would be the debt that is 78%.
Of the US economy.
He's got to fix this is Obama's -- joining me now former economic advisor to Ronald Reagan the great economist art -- art thanks a lot for coming on.
Thank you very much Tucker it's wonderful being with -- so this budget has been presented in a lot of the press as a departure as a compromises.
Obama meeting in the middle here but it doesn't sound like that's.
I mean we know how to fix the economy and -- Obama's proposing here.
It's just the same old same old from before raising taxes on the rich extending Obama -- I mean all of this is that just doesn't make sense.
Work on the ground floor with people economics is all about incentives Tucker.
And if he attacks people who work.
And you -- people who don't work you're gonna get a lot more people not working and this long recession recovery.
Has just destroyed enormous numbers of lives in this country and it's it's very sad that he's just pushing the problems on.
Until he's out of office so it's been five years.
This economic -- And the economy is still stagnant this new budget proposes spending.
In federal dollars to do is just the federal government spending on including states and woke up three point 78 trillion dollars that's about 121000 dollars.
Her American man woman and child.
It's a -- it's terabyte it's terrifying.
So the idea is I guess that -- continuing to do the same thing will get a different result at a certain point.
That is exactly what they believe but when you look at -- let's just take that for example.
I mean when you give people stuff for either -- over consume.
I mean if -- able to be in the smorgasbord -- -- get all the food I want for free.
I'm a new way overeat Tucker and I'm gonna go right to the caviar until I get sick yes you know these programs don't work -- -- apple I have to.
But these programs don't work and they never do work and they're on the budget there -- gonna have to wait till we crashed -- come out of it.
We know how to fix the economy Tucker we know how to do it very straightforward low rate flat tax spending restraint.
Free trade and minimal regulations that get the heck out of the way and let people solve their own problems so so governor.
Got very quickly I know it's hard to to ever discern motives with any precision but.
What you just said about Obama care strikes me as true -- if you eliminate cost considerations the cost will go -- And yet obamacare was sold at least publicly as a way to contain health care cost do you believe.
-- the people who sold it to the public leading starting with the president believed it would actually reduce costs all I don't think it really even considered I think -- off power.
And like most people in Washington they have a huge desire to have power and that's what attracts people.
The Washington DC and that's what they're after and obamacare did consolidate -- power.
In the government I think they were just disinterested and whether would help or not to be honest.
-- we'd all love to see ever would get free health care if only that were possible but.
For some reason people don't like supplying things for free if you don't get paid for doing -- -- It's really not much in your interest to supply now -- -- yeah nothing's for free there's always a cost enough better not to lie about -- let's just be honest I've beaten exactly no that's the correct statement and men are just and I loved your tax segment earlier by the way it was really great -- wouldn't -- nice thanks very much great great to see you morning thank you.
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