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'Geraldo at Large' Host Geraldo Rivera breaks down how his jobs plan differs from President Obama's.
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-- -- -- gonna put an estimate out our if you're watching this show last week what of our guests laid out his own jobs plan take a listen to what his headline laws.
The headline personally is that -- plan has to pay for itself I think that the president will encounter.
Extreme head winds right -- He proposes just more government largesse without.
You know caring about the -- debt reduction -- the deficit reductions.
So you've heard it here.
The president listen let's bring in a broader are a host of Geraldo at Large not really -- dumped it on the super committee for now well the big the best thing about it was the extension of unemployment being paid to people on unemployment working poor are getting training job training as a condition.
Of receiving the extended unemployment.
Workfare rather than welfare that was the one section of my plan that the president borrowed -- -- he's welcome to.
We -- steam -- for He didn't pay for it yet He says it's going to be paid.
Well I I assume that there is some value -- heard from people working when -- on unemployment -- that there is some revenue side now my plane is you have to have revenue.
My infrastructure plan He did not -- for instance.
I want Caterpillar I want these big -- international companies to bid on project like bridges tunnels.
Highways make them.
Toll roads let them have a plan where they pay themselves back over time where they make a profit I think that's a put people back to work now -- more.
Government spending I think it.
The fact that He has laid this now on this super commission or congress right come up with a plan to reduce the deficit by a 1000000000500.
Billion dollars when they could even come close to agreeing to a the first trillion.
I think therein lies the fatal flaw in this plan I think it's a non store water you talk when we -- Chatted with you last week also about the payroll tax cut the extent which the president did talk about nobody no mention of that.
That limit because you want to do away with a 106000 dollar limit exactly you can everybody I mean I think He.
I hear Eric -- majority leader and all his people making noises there are some aspects of the president's plan we like -- everybody likes tax cuts.
You know everybody wants to be on the signed -- bomb for reducing the payroll tax from six opted for -- You know everybody likes giving -- say you look great but how do you pay for that.
My plan is given up four point 2% payroll tax.
But then let it go all the way to your entire income so that Warren Buffett pays much more than the secretary and that's not case right now do you think it it will get Paper how much of this do you think we'll get pushed -- wrong I I think it it just the easy -- says it would -- -- -- -- this thing is it that the payroll tax cut is a is an easy -- and I some people don't think it did because people don't see evidence that it did anything for the economy this year.
Because gas prices spike in the economy -- least.
-- in the first half of -- is very disappointed that it was so impractical.
You know impractical in the sense that it will never pass anything but in practical on purpose do you think just to make a political point and get something to run on next year when and you know He made the big promise remember He was on vacation prior to hurricane -- in Martha's Vineyard -- the big jobs speech coming -- that was just the jobs -- -- -- yesterday.
So that was the best they become up within -- ten days now he's got a week to come up with a plan to cut the deficit by a 1000000000500 billion.
You know in less He has some.
-- up his -- I think I loved his presentation I love this vice it has I -- that He wasn't trying to soaring rhetoric to the Martin Luther King Jr.
or Abraham Lincoln that He was just there's a jobs bill -- -- not that He was better in terms of delivery than it ever been or at least in the last couple of years.
But this is a jobs plan that's what it is that should've been mentioned two years ago and the fact that it's unpaid for just makes it another.
I'm funded liability and I I don't like it.
And we are -- got multi trillion dollar -- and so security and Medicare sound well I like the fact that He says that that should be revamped so he's on the same side as repairing that's good thank you riled up north -- to this.
