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American Action Forum President Douglas Holtz-Eakin on the many issues the Administration and Congress have postponed until after the election in Nove...
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As the former Congressional Budget Office director Douglas -- -- and the president of the American action forum darn good to have you with us.
Thank you -- the idea.
That the European Union would accommodate a president political life.
In terms of a deferring a policy.
And a decision and action.
To support his candidacy is that it is absolutely.
Breath take.
If it is breathtaking but you know it's easily understood that I just can't tell you -- after the election.
-- I appreciate that but.
We're going depressed because it's crap here we accommodated and no other.
Timetable or.
Agenda or at least we thought about it.
Eight it is actually quite remarkable your list.
Left off rule makings under the Dodd-Frank -- reform.
It left off rule makings under that that Health Care Reform obamacare it left off shall rule makings by the EPA.
-- and and then we have the the fiscal clip which is only.
A 440 billion dollar tax increase no big worry for an economy it's staggering along.
And the administration and we'll give -- credit uploading of the fiscal what you oh absolutely I mean.
You know it is phenomenal the degree to which this administration has on its own and now what -- that only the willing.
Partnership of International Monetary Fund and and European.
What about the complicity of the United States congress I know that they got this just right rapturous.
-- Of well being in comfort because.
They have a 13%.
Approval rating.
But how here -- the Republican leadership not take action on this critical critical issue.
I can defend the House of Representatives in them alone because they haven't fact passed legislation that would extend the current tax rates attached to it fast track legislation to tax reform.
They have in fact.
Doug lord you know you -- when you say to me and I don't care whether Republican or Democrat they're gonna do tax reform.
It it isn't just sort of falls off calypso so easy -- it's -- point of fact the idea that this congress Democrats and Republicans alike.
With there.
Seeming and capacity for detail and comprehension of the consequences.
Of the choices the public policy choices they're making.
If frightens me and adapt to think they -- -- it -- tax code that that the minister for you Louis it would.
The next congress which were certainly have at least a 15% approval rating I have no fear there.
I think that the reality is this everybody's pushing things the last election after election when -- -- have this conversation we'll find out that pushed into 2013.
And at that point I believe deeply that the international rating agencies are going to say enough.
Action on the on the debt action on this entitlements or we're downgrading the US and and we cannot take on the downgrade the problem with that downgrade.
Or those -- -- all three of them to.
The two principal -- -- ratings agencies and the third.
Should they do that we know what history to his office and that is that will see a rally in treasuries are not sure that's going to be close intimidating prospect.
Doug Russell -- can we always appreciate your being here products.
