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That number on the deficit officially from the CBO.
The estimate is that this calendar year this fiscal year should say.
One point 08.
Trillion dollars the fourth year in a row that we've got a trillion of -- I'm saying that no matter what President Obama no matter -- President Obama he can't spin the national debt number to his advantage.
Fox News political analyst Juan Williams is in DC -- welcome back always -- serious.
Good morning Stuart.
This is not only about a factor this is -- and company based on -- extends and I don't think -- -- that the president can spin that these deficit and debt numbers positively.
Now I mean that everybody's concerned about them everybody's wondering if it'll drive up our taxes and impact inflation but the -- -- You know what if you look at the polls it's not the primary concern the American -- the primary concern is jobs and the only question is how do you generate job.
You know it was in November of last year -- in November of 2010.
There -- debt was a very big issue and it resurfaced in August of last year when America was downgraded debt was a huge issue.
Net hot -- I've got a feeling that this year this election year.
Debt comes right back out again and becomes a major issue for for the voters that that's what I see happening.
Well I think you have you know fiscal view of the world and I understand your feeling but I got to tell you that what we see that the declining.
Interest of American voters who are it's just like a laser.
Being -- on job creation and they want to know who can create jobs and I think that's going to be part of the argument the difference between.
A Republican argument which is lower taxes less regulation.
In order to create those jobs and the Obama administration argument which is about well yes we want.
To have more tax fairness.
And we also want to invest in terms of some of that structural infrastructure.
-- come -- pick up beyond what you -- I have been asked each other's throats and that's exactly that we believe on viewing vigorous yes on this very issue.
I want you to -- I want you to tell -- how is it that if you raise taxes on wealthy people you create jobs and I just wanted to take it through the economics of.
How does this thing look tell well it's not an isolationist or I mean it's part of and we have been talking about this for some time but I mean clearly.
If you look at arguments about for example.
You know rewarding companies for moving their factories back to the United States.
If you go after the Chinese -- -- trade inequities and and and argue about how they have devalued their currency.
If you do a better job of investing in emerging industries you're bringing jobs the United States and part of the finding the revenue stream for that.
Would come from on making sure that the very -- are paying their fair share well I would like that the Obama give his vision.
-- use the magic woods -- -- Come aren't you know as well as I did that 1% of the top 1% of in -- They pay nearly 40%.
Of all federal income taxes paid.
Is that you have -- -- -- the book store how they take in the I believe they had taken over 20% of the income and half -- million -- they want and they send a well taxes that thankful that he -- risk that above a wealth of other words.
-- and rich and are paying for the fact that they are blessed to be.
In our country life have I ever look -- -- -- -- You don't know how mad it makes immigrants who arrived here -- nothing.
How mad it makes is to be told -- just witness of -- offering which just fortunate which just lucky.
You know whenever and wherever inventory we are lucky to be in the back it's the eighth yet the great -- to -- business might income the interval wealthy people has nothing to do with -- It's got everything to do -- brains drive talent and ability.
And -- president wants to clamp down on that and -- that success and then.
I don't think that -- I Jack yeah I don't I.
Now you know this is so interesting too because I think this is exactly the argument of the day let's put it that way to used to go and what Americans are saying is nobody has trouble with -- hard work success and -- they just wanna make sure that an immigrant coming in the door but even more so -- middle class person born here has the opportunity still to move up that ladder of success that ladder of upward mobility and that's what does how does taxing that posts and mole.
Make it -- little ladder of opportunity more open.
How -- well be reduced growth habit to produce growth in our economy and new jobs he doesn't want it is these -- -- all -- effect.
If you don't invest in people you don't invest in schools if you don't invest in business is an opportunity.
Then the opportunity will not be the year for our young person or an immigrant as you describe the government to -- again -- -- in this without government doesn't spend money he invests.
Does it invest in Green energy jobs yes it has 500 million dollars on trading for Green energy jobs and we've got 8000 all that's a lousy investment.
-- that allows the investment if you look long term if you're looking short term.
Quarter to quarter and even if you look at may yield and it's like -- don't -- Republicans love to complain about the later this is -- -- they like I'm being attacked I shouted out like this with no sign whatsoever down the tubes and I don't know about that book went back the Solyndra -- I -- what I anyways the solar industry makes money that's -- backed.
And if you have one failed venture like Solyndra that's tainted because the political ties the company had to the Obama administration it should not be used -- -- -- -- solar energy industry sector that's not fair.
The solar industry doesn't make money without it department so it's a growing sector in our.
Economy without so he's been subsidized for thirty years is still among miniscule part of the economy a would walk out and jiving -- Babbitt Dionne of tell.
Tell tell them the the Brazilian there while investing in the same sector so and they are not even having the results where -- so do you think that taxing the rich will produce growth and jobs.
And I don't pack cigarette is the way to put it is so prejudicial raising the taxes on the rich you think it looks.
Yeah I well you know I think that if you think the American people who love the idea that some of some people are paying you know thirteen 1415%.
Taxes while airplane Verity.
And and they can money some numbers they can money in the -- guy who has been with the banks that I like investment income.
That is you know reinvestment the end of Q1 a tax adjustment to what a 30% I the president does you think that's gonna create jobs and Italy and investment do yeah.
Commitment you go to out -- a 7-Eleven they will take that dollar premiere investment income just like they take my hard earned dollar what I want forest north a point that's not the point obviously Powell not the point you know personal and it money.
-- -- income of 30%.
And you get less investment.
You right now taxes on the rich you do not create prosperity jobs and growth you have the exact opposite you know we've.
That's -- well first of all we subsidize.
Lots of business in this country tax breaks more than loopholes.
-- -- loopholes and available business get that and why you have G any -- -- and a diamond taxes yet and get rid of -- dole long.
I'm with -- -- -- -- I -- think we have to have a reasonable it loudly that allows people that we think in America.
We seem to be used in disagreement still would still smile at that's what he gonna what you know what it's gonna be a wonderful election because but I fed due earlier this yes the topic this could lead debate it is a pivotal to that did -- -- a little.
So Iraq keep going like this would bankrupt go my way.
-- market place and you return to prosperity.
That's what we're doing it I don't think our triple clearing car I don't out of their Barney I think that's Nevada to often get involved in Africa.
What -- everybody's great stuff -- always appreciate you being with this won't thank you so -- my pleasure thanks for inviting mr.
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