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Romney Economic Adviser Michael Boskin on what is needed to deal with the fiscal cliff and boost the economy.
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Former bush 41 economic advisor Michael Boskin now Romney can't take top advisor says they can do this but is there the widespread bipartisan well.
To follow through on this Michael always good having you.
That's the issue right whether whether Mitt Romney gets elected or Barack Obama re elected.
The the environment -- -- in Washington.
That they show the will to do the things that are not necessarily popular what -- not.
I think that's exactly right -- -- -- -- to be back with you again.
The fact is we face some very large problems in the very short run we have this so called fiscal cliff that would threaten from the economy into recession -- large tax hikes and automatic spending cuts that would occur occur very abruptly.
-- is very clear -- needs to be done is we need some some breathing space in that regard while we are.
Implementing a serious.
Considerable debt reduction plan.
That deals with the debt over the next coming few years and simultaneously.
Deals with the long term drivers of debt.
Which unfortunately sensible portions of our good step one didn't do which -- health care costs.
And that's one of the reasons why Paul Ryan did not vote for because -- -- to arguments that he.
Dodged a bit though that the -- the tough decision.
Bullet he wanted it to be even deeper and address these entitlement costs.
Having said that that's right it's going to be incumbent on on your your candidate.
-- -- state that case the critics say that he is not effectively.
And -- this turf.
What is ample.
Populous -- job -- over this building debt.
Do you think he does better sees is that initiative tomorrow night too little too -- -- Well I think yeah I think governor Romney's gonna lay out a compelling case for his approach to dealing with -- economic problems ranging from unemployment.
Skills gaps in -- in the workforce.
To our debt problems and the risk of enormous tax hikes on a wide swath of a population that were stagnant growth.
And personal past with this increased spending and entitlement spending between -- -- social welfare state.
-- you can prevent that and you can generate an economy that is generating jobs.
Rising standards of living.
In contrast that with president Obama's vision of maybe it's a social welfare state light but it's a big move toward European style social world physicians can common and stagnation and socio economic costs vacation.
You know the problem may be that did Mitt Romney has is that he and I mean this in a positive way it is too Smart for workers in other words.
He's got BIQ.
Argument down but not SE VEQ Ronald Reagan approached out there so he always sounds wanting talking about it.
Never explaining in just you know.
Basic human being terms what choking on a sixteen trillion dollar debt growing at the rate of four billion dollars today.
Means and so we gets to be an academic discussion I suspect if he goes that -- Michael.
He he will lose.
People in this today and very well possibly this election what do you think.
But there's no debt and it is very Smart and we need somebody who understand the details as well as -- position -- When you look at some debt the president Obama's attitude his four years -- projects in its current budget.
It would add it as much as much for more debt for a typical taxpaying family.
Has four years of college costs on a mortgage on the new home.
That's per family.
So the fact is.
This can be related to what the burden is on our families today in -- children in the near term.
So you're you're -- you're saying -- community -- and sixty cents on the dollar -- spending so you're zinc concentrate is always did have Britain's power greater.
You're saying he's an embrace an on Toronto chart for talking about the debt.
Embracing get in front and it lead it.
I think this is a core issue confronting our economic -- over the next few years.
Next few months in the short term next few years to stop us from.
On on irreversible path toward European style social welfare state there's no doubt about that.
Known as the joint depends on stopping that from happening in generating a new era of growth and prosperity America.
Well I will say this on the left or right -- -- right it is the defining issue of our time because it is a time bomb.
Michael Boskin thank you Michael always a pleasure.
Senior -- to --
