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WSJ Senior Economics Writer Stephen Moore on government spending and the need to prevent the tax hikes slated for January of 2013.
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Listen I wouldn't speak to you about something Obama will be speaking about shortly.
He's going to be talking about this to do list he's given congress now this is now for a little while on -- -- -- all kinds of things including clean energy.
But I recently I spoke to that house speaker John Boehner and when I total about the to delist here's what he had to say.
-- -- -- Since the president checked out -- labored there's nowhere to be found.
Let's easy for him throughout the campaign trail every day and and be critical but why isn't a president leading.
What do you make of that.
Well I look I think the president does needed to do lest it you know Jerry for the sake of the debate this isn't to do list for the president to to do list he's giving -- progress that's.
Are -- -- -- would -- -- fat.
It's -- I got you know you should be doing what I would hate any said it was really insulting is that we're gonna make it short.
And sweet so congress can understand it.
Only big enough for sticky.
Well you know what -- -- as saying that -- in the house some number of bills have been that's I think there's about 22 point five bills that have been passed through the house the real graveyard of congress -- the senate and this may come to a surprise surprise and Obama but that's run by the Democrats and senator -- that the -- I was gonna make it look the most urgent thing we can do between now on the election in my opinion Jerry.
To help the financial markets to help the economy overall.
Is take taxman gotten off the table to say look right we're not gonna have a -- tax increase on general in 2013 that's something -- but if President Obama would put that -- this to do -- I know that's -- job I had to do less and they get it together to do that.
I don't have a big rally impact on the working together cooperation in Washington where I have no idea what you're talking about a look at unless you about one other thing here and and it fascinated us today we've been talking about it all they want Allen's senate Simpson.
From the debt commission you remember Alan Simpson right -- well he isn't across here today people talking about him because -- sent a letter criticizing.
Seniors.
It's similar to the California alliance for retired Americans which he said -- -- using the deficit is a phony excuse to gut our Social Security.
It's one of the -- excuses for a flyer I have ever seen.
Use the faces of young people who are the ones who are going to get guided by you continue to push out your blather and drivel.
What are stretching group -- seniors you must be to use the faces of the very people that we are trying to say while the greedy users like you.
Use them as tool and -- cut.
-- you're nefarious bunch of but now I am shocked by this I can't believe he's sent this and it's amazing to me what do you make of it.
But it's a pretty is -- -- geezer himself he's up there and age but you know I think that analysis and I don't always agree them.
I think he does have a point here Gerri look.
You know if we're not we're -- -- much of the federal budget now that the biggest transfer of payments goes to senior citizens the Medicare and so security and what do you say -- look you know if that if the seniors are getting the bulk of the money that young people are gonna have to borrow to -- this is putting a real burden on your children my children and future generations I think it's a very valid point -- get those stops and under control seniors groups can't say no particular cut Medicare you can't cut Medicaid -- can't get Social Security.
Yeah that's what I want kids yeah according to make progress on his -- that those -- the program doesn't have to start getting got.
If you just say at ninth and I think I've yet -- -- I agree with dot you know -- look I'll.
I actually believe that senior citizens on people like my parents who were up in age we're collecting Social Security Medicare I do believe that for the good of their kids and grandkids they'd be willing to take a cut in these programs they understand there's no such thing as free money.
There's no such thing as free baby and any -- that the -- here but I think grandparents really do care about -- -- and you understand the implications -- Following one point four trillion dollars of debt each -- what does -- out of the -- Fiscal -- but.
-- -- -- nefarious bunch of crap they are Stephen you're fantastic and thank great to -- -- -- and I always love having thank IPO.
