You're watching...
Reason Magazine’s Matt Welch sounds off on Warren Buffett’s call for donations from Republican members of Congress.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Next subject Warren Buffett.
He issues a challenge to congressional Republicans for every dollar they donate to the treasury department for deficit reduction Buffett will match that -- Joining us now is Matt Welch he's the editor in chief -- of -- reason magazine I -- what do you think about plan for deficit reduction.
I think that their thumb wrestling while Rome is burning basically I mean look at all the headlines you've been talking about today.
Debt spiral in Europe debt ceiling coming up here.
They're talking about pennies on the dollar and what what the squabble points out is that neither side Republican and but in congress.
Nor warm Buffett and what he represents.
On the democratic -- they're not serious about actually closing the gap.
Between the budget and -- money that's coming in to pay Fort -- were.
Borrowing forty cents in the dollar they're not doing anything for what they should do is if Buffett is serious about this he should say to Republicans OK you don't -- -- raise taxes.
Tell me what one point five trillion dollars you're going to cut.
Tomorrow and I think is Republicans -- there must the last name is Paul are not coming up plans for that on the other side Republicans that should tell people like -- -- okay.
How much are you going to tax this economy to death.
To close that GAAP.
And once we start having that kind of -- honest conversation then we can go for this is just nonsense I don't think I've -- a specific plan from President Obama.
To rein in entitlement programs that -- any any kind of cause any kind of -- -- That would take effect until 2070.
I think I'm correct in saying that you know the woods this administration will not cut spending they will not attack the debt problem.
And so -- -- until after it any forthcoming election.
And you say normal.
Nor will of the incoming Romney administration if that is something that we're going to have he's attacking Obama from the left on Medicare.
-- let's remember he's attacking Rick Perry for.
Threatening social security and he says that we slashed our military to the bone and -- correct that problem so he doesn't have any kind of credible plan.
For cutting government spending and spending is the problem here someone -- either side gets serious about spending we're gonna be having all these kind of distracting debates and let's not forget Warren Buffett here -- not some folks see Graham pop from Nebraska.
He's one of the biggest crony capitalists in this country whenever he talks about public policy we should reach for wallet.
One more issue.
Before you leave us a lot what you've got -- it is something you know what's -- action adventure the other day on this program.
I stated that my favorite Beatles song was tell me why that -- second when isn't.
This was your response on Twitter we picking it up -- public couples is we did this is what you said -- on a Twitter about my favorite you said.
Wolf's.
Favorite Beatles song you know that -- -- -- a good guy but if you really wanna come back on this program you better apologize to -- that.
We're not only why it's a beautiful you're right you're right there is at least one worst -- Beatles song and that is so you know my name look up the number.
I mean for crying out loud dude this is embarrassing there's there are better Beatles songs on an ever there's -- better The Beatles songs on meet The Beatles for crying -- this is off.
You know just how you do are gonna probably do well -- well thanks Mac would you like what you've got to say we think you're great thanks so much for joining us appreciate there.
