Debt Ceiling Debate - Conservative Vs Progressive Take

[skwira001]

Cenk wrong wrong wrong. The reason why we've got trillions in debt is the economy. The deficit was much smaller until the economy got bad. That's what Obama needs to come out and say.

[romanmir01]

This was not anywhere around OPPOSITE of spectrum, this was way off opposite.

I am a libertarian who is on the OPPOSITE of that Marxist over there.

--

US GDP is in decline, it's falling at over 10% annual rate, since the real inflation is 13% and government understates it by about 11%, so the deflator is not real.

US is paying much more taxes than it ever was in absolute terms. SS must be abolished, so must Medicare and income taxes and business subsidies. Wars must be stopped.

Libertarian

[JiffyNo0b]

Great interview! Very little pointless bickering and taking over one another. Nice work Cenk.

[theanimal777]

work till you are 66? fuck that bastard.

[SliferDemon]

@theanimal777 Working longer isn't always a bad thing, but working longer leave younger generations out of work because the older generation is staying in the jobs longer. Yes we can raise the age, but it should be dependent on job type, if you're manual labor retiring sooner will eat up less medical bills.

[nelsonjo79]

I'm out of a job. I went into a graduate school program in the fall of 2008 thinking that it would give me options coming out of it. It didn't. I've now been unemployed for over a year. I'm not eligible for unemployment benefits. The disability I have isn't great enough that I feel applying for disability would be successful. I'm living at home with my parents, and I'm 32, which is pretty pathetic and prevents me from having a decent quality of life. None of this economic stuff matters but jobs.

[michaelwuzthere]

fuck this government

let's take it down and build socialism!

[eight18]

if you aint voting liberal, youll end up miserable

[chibhatt24]

I'm honestly shocked neither David or Cenk disputed Peter's fake point about people living longer. Studies have shown that most people are living roughly the same amount of time they were when SS was created, the only difference is upper income people (lawyers, doctors, etc.) are living a lot longer, thus they affect the final average. And it would be disingenuous to use that number to advocate for factory workers, bakers, etc. to retire later when their average lifespan hasn't changed much.

[TadaHanJan]

What the hell? People on opposite sides of certain issues but can still agree on some others and at the same time have a reasonable debate backed by logic? I thought they went extinct a long time ago.......I guess someone was breeding them secretly in a hidden lab somewhere.

[DeSadeM]

Two guys who are more about informing the public than just going over talking points or appeasing sponsors. I agree with everyone else, it's refreshing.

[utoobbadass]

Random Compliment: ANA you rock.. keep booking these guests! I don't know how you find them (or maybe I am just ignorant).

[Tonberry2k]

People are NOT living longer. Infant mortality is going down, making the average life expectancy go "up." It's simple math.

[Ddickeydew3]

Whats funny, is the country(most) is been run under capitalism and the cost of living expence (everything) is been going up so great and income has not increased but gone down and that most people don't know if they will make through the month. and the ONE thing we have like socialism is social security, medicare, and the republicans,and conservatives,can't stand it if middle class and poor have a little to count on as if they just want people to die off,but their christians prolife...right?

[TheMac6010]

all i can say is this, progressive in a way can = centrist thats just my opinion of course, total progressive also just like total rightness (republican aka can never happen!!!! this is why its a mistake to believe in actual right away change, for change to happen will always take time cause trust me over the years lol it will happen either way!!!!! just takes years!!!!! and @ times longer then ur able to live!!!!

[MrBobbillo]

You can't ask construction workers to work until they are 67 that not right... what about licences for jobs with low life expectancies where you can retire earlier for every year you work in these types of industry?

[dreamcoyote]

@MrBobbillo

that's an interesting suggestion. i like it! :)

I would switch "life expectancies" to something to do with physical capabilities, but I get your drift. Looking at the statistical data, it would probably work something like for each year after 30 that you work in a physically demanding job (fireman, factory worker, construction..) you get "credits" to retire earlier without penalty.

also anyone could have a doctor evaluate and give you extra "credits" due to medical factors.

[dfg93353]

I will bet that I am more left wing than Cenk or anyone here

[dfg93353]

@ecwaufisxtreme you never fail to make me laugh. Lmfao

[xxcrysad3000xx]

Morici is deliberately being misleading at 3:30, the deficit for fiscal year '06-07 was around $500billion, not $161 bil as he states. His figure reflects debt held by the public, but doesn't take into account intragovernmental holdings, which also contribute to the deficit. When he later refers to Obama's deficit, he is including both public and intragovernmental debt. That kind of distortion of numbers sort of discredits his other decent points.

[gregaaron89]

Wow. A conservative who actually has a brain.

[GenTsoChicken1]

Thank you TYT for an amazing interview.

[ecwaufisxtreme]

This is a clear sign that Obozo WILL be a 1 term EPIC FAIL and he WILL LOSE TO SARAH PALIN! WE NEED President Palin for only she has the ability to completely fix this whole fiscal mess! She will balance the budget in her 1st year and create greater surpluses than Bubba with less taxes than Dubya in her remaining 7. She will keep spending in complete control and keep taxes low for EVERYBODY! Our economy will fully recover with Palinomics and Unemployment will GO DOWN TO ZERO along with the debt!

[Tanfeliz]

Great interview.

NOTE TO CENK: You're not the most progressive. You're center left. There are many, many people in this country to the left of you, and despite Bill O'Reilly's proclamations, we're not the fringe element or insane.

[ecwaufisxtreme]

@Tanfeliz

Anybody who is slightly left in this country IS FRINGE! The Tea Party IS REAL AMERICA and represents the OVERWHELMING majority of this country! America IS a RIGHT WING CHRISTIAN NATION! Libturds, Progressos and anybody with a little bit of left in them is RADICAL ANTI-AMERICAN FRINGE people!

[Tanfeliz]

@ecwaufisxtreme You forgot to mention that Sarah Palin will ride in on a winged unicorn and butt rape all current politicians.

[ecwaufisxtreme]

@Tanfeliz

You mean male politicians. 

[LastBref]

@Tanfeliz could you explain how you're to the left of cenk? just curious.

[Tanfeliz]

@LastBref Sure. I'm a feminist, and his non-stop sexism bugs the crap out of me. I'm also a vegetarian and believer in animal rights. Cenk is much more pro-capitalism and pro-war than I am.

[DameDiabolique]

Both of these clowns FAIL. END THE FEDERAL RESERVE!!!!!1

[CalexanderJ]

WTF... did a conservative just say that taxes could be raised??? He's going to be kicked out of the club.

[ecwaufisxtreme]

@CalexanderJ

This Conservative is a CINO! TAXES ARE ALREADY TOO HIGH RIGHT NOW AND NEED TO BE CUT EVEN MORE ACROSS THE BOARD! PRESIDENT PALIN WILL MAKE OUR TAX SYSTEM FAIR AND LOW AND SHE WILL DRIVE OUR DEBT AND CEILING DOWN TO ZERO ALONG WITH UNEMPLOYMENT! THERE WILL BE MORE JOBS THAN PEOPLE TO FILL THEM!

[manonthemount]

The deficit is a product of Reaganomics' failure. Reagonomics leveraged the middle class's future in order to finance immediate tax cuts for the wealthy. It gambled the plutocracy would reinvest the redistributed wealth instead of hoarding it, synthesizing an economic utopia whose growth only outpaces it's deleveraging. Obviously, when the elite increased foreign luxury goods imports, hoarded cash, and outsourced domestic industries a midst metastasizing unemployment, Reagonomic theory ended.

[BorgKing001]

@manonthemount uh no. the deficit is the product of Obama's uncontrolled spending, and Bush's wars.

[drpeppa2357]

Now that's a goddamn interview, well done.

[TheGiantRobot]

A VAT tax? Hell no. Typical conservative sales pitch to tax the working classes over the rich, and the scary thing is Obama keeps suggesting this.

And who's paying 60% rates? What the hell is Peter talking about?

I like to think of myself as a moderate, but I haven't heard from a conservative yet I can agree with on fiscal matters. They seem to live in lala land or else are disciples of the devil.

[ViciousRanger]

@TheGiantRobot

I 100% agree with you. I personally consider myself a real fiscal conservative. Nobody would run their household or business the way the US Government is ran. Unfortunantly, there is no real media that caters to the true financial conservative. The closest we can get is Fox which operates under the guise of fiscal conservation, except when Bush was spending a ton, or when the proposal greatly benefits the rich.

[Fangtorn]

Jennifer Lopez is married/gettng a divorce, get it right David Cay Johnston. Geez, you'd think a Pulitzer prize winner would be up to date on the important things in the world, sheesh.

[dEdGrimley]

Also, one of these days, a conservative is going to have to explain to me what it is that Obama's spending so big on that wasn't carried over from Bush, or is being spent to repair the damage from Bush. All I ever get are, "other things".

[dreamcoyote]

@dEdGrimley

don't forget when they say (with a wild look in their eyes) Obamacare is costing adding TRAZILLIONS to the debt!!!

except that the houses made those changes phased in over years and nothing has really hit the budget yet...

but that never stops them when they scream SS is killing the budget when it has been self-funding..

Sooo many people give congress a pass when it comes to the deficit, when they are the prime offenders :(

[dEdGrimley]

@dreamcoyote

And Obamacare, stupid as I think it is, overall, is supposed to SAVE money. We'll see if that works once the Republicans force health care costs to rise by letting the drug companies run wild, though.

[molloyxx1]

@dEdGrimley Health insurance premiums had been rising, at an alarming rate, for more than a decade before Obama took offic, hurting small businesses and individuals. Bush and his cohorts never bothered to focus on this, and allowed Medicare costs to increase by failing to cut a hard deal with Big Pharma. Over 30,000,000 Americans had no health coverage, a raging embarassment, I think, for the 'greatest nation on earth'.

[dEdGrimley]

@molloyxx1

Obamacare does nothing to affect the costs. Just getting everyone into health insurance isn't going to make it affordable.

[dEdGrimley]

This deal was such a massive, massive joke, and a slap in the face to most of the country. The country continues down the road of spending on the rich and corporate welfare, and they take the money from those who don't have it.

We can't all be CEOs and billionaires. Some people have to be societies grunts. If you're going to live better than everyone else, you have to be expected to pay for it.

[Redfingers]

I think this guy is making a stupendous point regarding the health care system. Currently all the goddamn thing is is a way to subsidize healthcare providers and fucking insurance companies. They need to entirely socialize it or just excuse themselves from the business, in my opinion. Currently it's just a gigantic waste of money that ends up increasing prices in terms of overhead and incentivizing overspending, both on the consumer and provider level.

[imlaughing2death]

Can you imagine an interview segment this professional happening on Fox News? Bill 'O would cut Johnston's mic off and be screaming at him.

[filthyfun]

So, Peters theory is work longer or die. What an asshole!

[cheekieweekie]

When the soviet union collapsed and its workers went unpaid, we treated it as a normal event... well, now the other evil empire is doing the same. Imperial overstretch destroys empires as the hubris never goes in reverse, the deck chairs have been rearranged, the empire is still sinking.

[Textynn]

Bull Shit on the Jennifer Lopez talking point lie. Americans do know what's going on. they've said so in spades. The polls all showed that Americans were against the whole premise of the phony debt ceiling contrived paradigm and were opposed to cutting essential programs and taxing the rich, particularly the oil industry that is subsidized rather paying taxes.WE DO KNOW AND WE ARE IGNORED AND OUR REPRESENTATIVES THAT DON'T FALL IN LINE ARE IGNORED. WE NO LONGER HAVE A DEMOCRACY. J. LOPEZ MY ASS.

[IronRangeSurvival]

HAPPY SUPER-CONGRESS morons....it was never the "debt crisis".

Start with the over 180,000 "gov/dept" CAFR reporting, DUN&BRAD STREET rated, CORPORATIONS...U.S. CORPORATION

SUPER-CONGRESS=TREASON

[JMMG2010duke]

Why would we have to raise taxes by 10% of GDP? We don't need the whole "bloody deficit," just back to sustainability.

And imo public debt isn't even dangerously high yet, as a % of GDP.

[SPQRomantic]

Using the current deficit is deceiving. Revenues are at a low.

[Nigomsa]

Where was Washington in this conversation?

[Textynn]

@Nigomsa They were in the back room giving Boehner BJs, of course.

[mastigoz]

i know there is alot going on here, but there in 10:18 i could hear cenk saying in my mind, "how dare people live longer! we have to cut social security" XD

also, am i wrong or social security had a surplus of like 22 trillion dollars? but that they already spent? so the solution is not to pay your debt to the people but to pay your debt to the banks (remember how most of the debt is to banks?) this is all to weird for me.

[AssRapingHorseCock]

Maybe the construction worker could work longer if he had respectable health care, wasn't working 60 hours a week, got more vacation time, etc.

[Murd3rKotik]

I love how out of touch that republican is . " I plan on working past 65 + , why cant everyonE" ..... Everyone doesnt have a luxurious office job like you, Idiot ..

[Textynn]

@Murd3rKotik Not to mention all these guys have teams of servants in the home and at the office. In other words, they are surrounded by (a team) servants many of them college educated and taxpayer provided.

[Salvysahagun]

Yes taxes are historically low.

Because less people are filing 1040s.

45% of Americans didn't file their tax return.

[biggydx]

Either way, we got screwed.

[Shisho2k]

Bow ties...............

[MultiUniv3rsal]

I do have to mention, that I'm shocked you could find guys on both sides of the political spectrum that A) didn't step the fuck all over each other and B) both had a degree of reasonable points.

Where were these types of voices over the last 6 months?

[TheTruth006]

@MultiUniv3rsal

Well, TYT has the benefit of time to give and a great host. The reason the voices have been silenced if because MSNBC, FOX, and CNN turn reasonable men into Gladiators and "reporters" into Caesar's with thumbs going down all the time.

[SchlangeVonEden]

@MultiUniv3rsal Yes, almost the kind of debate one is used to here in Europe...

[thecrazing]

@MultiUniv3rsal I think it's because they don't earn their money by being on TV.

[nolie94]

@MultiUniv3rsal

i'm in total agreement

[leptonsoup337]

@MultiUniv3rsal It is almost as if we could learn something from academics and they way they interact...

[ecwaufisxtreme]

@MultiUniv3rsal

BOTH of these ass-clowns are Sarah Palin's DICKLESS and BALLESS BITCHES and PUSSIES! Palin has VASTLY SUPERIOR knowledge of economics over these FRAUDS and she will PWN them in a debate along with EXPOSING THEIR PUSSIES!

[SinisterSkip]

@MultiUniv3rsal

The point is. These two people are adults. Many of the republican politicians and anchors are simply not grown up, they´re not adults in their brains, hence they can´t have an adult debate.

[darkridr25]

@MultiUniv3rsal Suppressed. The mainstream media look for: a) Sensationalist speakers, and b) Biased speakers. Reasonable speakers are boring, and are contrary to what the prime media look for.

It's why I look for programs like TYT -- It gives a nice, contrasting viewpoint from what is normally shown, so that it helps me to form a more accurate opinion of what's happening in this country. Certainly not perfect, but it sure helps....

[MultiUniv3rsal]

Government whipping up a frenzy to get a last minute deal done that benefits the super-rich?

Sounds so familiar.

[00maharum00ma]

Johnston makes Morici look like an infant.

[tribukaribe]

Primero = First!!!!!