Battle of The Budget

Battle of The Budget panelists Jeff Sachs-economist & Director of The Earth Institute @ Columbia University; Amity Shales-senior fellow member of CFR, best selling author,columnist; Chrystia Freeland- Global Editor @ Large with Reuters & author of "Sale of the Century".

Some very interesting comments include budget deficit still out of control, consumers still burdened by debt, we can't fund basic things to have a normal civilized country right now, bad idea to cut more taxes, to get rid of the deficit this year Tax Foundation did some math & found that the top rate would be 65% to get to zero deficit everyone else's rate would go up too, the future of the US lies in the reforming of the entitlements, not in adjusting the taxes. Europe lies about its national economic data more than the US does. 'Social Security is very easy to reform, that's the easiest one, you start with that. In the long term reform of entitlements is the answer. people who are very supportive of Obama but have concerns about what many perceive as anti-business coloring to what he says,

Category:

News & Politics

Tags:

• reform
• entitlements
• budget
• deficit
• debt
• civilized
• country
• taxes
• Tax
• Foundation
• ecomony
• Europe
• Social
• Security
• Obama
• anti-business
• zero
• US
• Sachs
• Freeland
• Shales
• Zakaria

[jeffmonc2]

Amity Shales is the only one talking sense. Everyone else is just waiting for the government pork to start INCREASING again. They just froze the current porker ride.