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Euro Pacific Capital Senior Economic Consultant John Browne on the gridlock in the fiscal cliff negotiations.
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Room throw the bums out our next guest says the blame for the fiscal cliff gridlock.
Falls squarely on the shoulders of politicians from both parties joining us now Euro Pacific capital senior economic consultant and former advisor to Britain's Margaret Thatcher.
John Browne.
John what do you think can we fix this and how.
Well I think we can I don't think we will for a long time because it's better -- visit to blame.
And I think President Obama as being the bad ago with a trip for a long time he started the negotiations.
Putting an -- red lines Don and demanding more.
Like an open debt limit for the for the country.
Which I think is disgraceful.
And of course the Republicans of being with the Democrats via hasn't gone.
Towards his -- it's created by both Democrats.
Under Republican politicians.
And I think we all may begin a small deal but the big -- big cattle -- kicked on the road.
To further impoverish Americans citizens working people.
Tube -- financed big.
And ever intrusive government and the -- on sudden my opinion is to have strict time limits for politicians.
Yet the -- to be go ahead.
It yesterday that politics was a vocation.
Not extend into a -- that.
And so all of politicians or most interest it is in getting reelected so they can continue that Korea and they forget the nation.
And it's blaring their parents are in our country is and and then America has gone on for a long time.
And in publishing Americans who have a dog -- country with -- enormous natural resources and natural riches yet it's a it's a great shame.
It does I -- that it does bring a whole new meaning -- that old saying a pox on both houses of congress in this in this case.
But you know would it be up to the very politicians that you're now -- -- To pass new laws that impose term limits.
Yes you're at Citi era it -- debt and -- -- Christmas.
I'm that are -- be out there embeds ever course that cheap Aussie best that -- -- Solved focused on tax increases which is a side issue -- it.
The big issue is that the -- body -- concentrates.
On voting for single time limit politicians in order levels.
Because then they will do something for the nation above themselves and you know just take for example our health system web being given that fed rate system.
Where's the politicians for themselves have given -- this system have a completely -- not system for themselves a different mark.
Yeah I'm you have to -- -- -- and a well it's it's it's staggering yet what and they make a lot of money and politics politics should be a vacation not a huge money ending job.
Yes -- given that notion that term limits are are kind of a long shot here give us your outlook for the next few weeks.
I mean could this I -- thought that President Obama wins in the Republicans lose if we go over the cliff.
But at some point when households earning only 220 at 30000 dollars -- looking at a vastly higher tax increase that even the -- will face.
Maybe this ends up turning against the Democrats what do you think.
What it could I as example of somebody values that the Republicans and the Democrats have got us in this position.
And I think for frankly I think -- both to blame and it will as I said before -- -- Americans and particularly working Americans running and paying tax in order to finance an ever intrusive.
Ever more -- guns and does larger government and it's cutting government does that keeping.
I'm not raising more revenues to -- as an even bigger government.
Yeah I could believe the Democrat proposal called for fifty billion and -- Extra stimulus spending on top of -- trillion dollars that didn't even work thanks for being let us happy holidays TI has a very avid prisons and new year do you do OK you John Brown.
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