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For more on the staggering numbers in the heritage report and a great deal more we welcome art Laffer.
Former member of president Ronald Reagan's economic policy advisory board chairman of Laffer associates look coauthor of the book.
Return to prosperity how America can regain its economic superpower status -- Father of supply side economics.
-- great to have you with us.
Thank you -- it's great to be would you got isn't -- made it may think.
Just megas listened to him -- -- -- it -- -- very impressive and is absolutely his analysis.
Is certainly if not the most urgent among the most Cogent.
Anywhere on either side of the -- if you well.
And now let's turn to another.
There are highly Cogent and effective analyst -- all things economic and that is of course you.
-- -- where you know when we look at this heritage study this is one of the most all I mean we've had a sense -- but we.
Or we look what data we know that dependency is rising but to see -- starkly laid out by The Heritage Foundation.
In the first two years of the Obama administration.
And -- -- the ideologues can argue over the direct causal relationship between the administration.
And dependency but that.
Not here to not tonight.
The fact is we've got a nation that's going the wrong way instead of independents are vital alliance we're watching the big the rise of dependence.
It's true impact that you know it's it's not rocket surgery to say that if -- attacks people who work and get -- people who don't work.
Don't be surprised if he got a lot of people not working and pay people not to work is when you get all this dependency you you cause them to drop in their spirit of working.
They become lackluster -- it's really a terrible thing to really get and -- population.
It's hard to get -- -- out of it again Lou this is this is a tragedy in the making long term tragedy.
You know I can remember a fellow who once said that if you want something you subsidize and if you don't you view the tax.
And what we are taxi is success and what we are subsidizing.
You know it is in -- extraordinary.
All levels of -- global poverty and actually.
Reasonable standards of living in this country.
A lot of people don't wanna argue that -- of.
It is the truth is that not.
It sure as its -- the truth and -- we've gone way beyond what's necessary to keep a safety net going on.
And in fact these people -- I mean I don't mean to say this an -- But these people are creating the very poverty class that they -- then use as an excuse to increased spending on that.
It's it's just that it's a self fulfilling prophecy that's going on a non a -- -- it's a classic thing that.
Hi -- said was the road to -- it really is the road to serfdom and I hope we can get our way out of it because it was desperately necessary for our children -- --
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