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Former Clinton Special Counsel Lanny Davis, former Reagan Budget Director David Stockman and FBN’s Neil Cavuto on what they expect to hear from the ...
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You believe that.
-- my fellow Americans tonight I present you with the money state of the union we are putting forth our own take on the three most important issues facing the nation.
And assembled now.
Is the most powerful power panel of them all Fox Business is very own our fearless leader yeah.
Senior -- -- business news he is the big -- is we just have Lonnie Davis former counsel to President Clinton and Fox News contributor David Stockman.
Former budget director for President Reagan he's also the author of the great deprivation.
Eruption capitalism in America.
Are right -- have you all I'm hearing hardly even know where to start that you were scribbling -- -- talking Simon go with you number one on our list of things.
Unemployment twelve point three million people unemployed 12 point six million people would like to work more so they can pay their bills -- I think the president's gonna say or do about that.
-- -- have a lot to say about it but there's really nothing he can do.
We are broke is a country we can afford one plugged nickel more for more tax cuts or tax credits.
Or infrastructure programs -- job programs we have to focus on our debt.
Which is far worse than the president thanks because he's basing it on a ten year rosy scenario.
From CBO and OMB -- -- fairy tale the real problem is much worse because we're not gonna go.
For fourteen years without a recession or create eighteen million jobs in the next ten years.
When we've only created to wouldn't last so I'm saying they should focus on the job of Washington.
Which is to get our fiscal accounts in order before we go over the DN.
And not pretend that they can make a difference.
Yeah he's the president is sitting down he's listening to this right now he said David Stockton makes so much sense I'm tearing up my speech I'm gonna say exactly what I just heard what do you think you.
I don't know about that I added David saga always legs a great deal of sense and on the development update it is that is both parties get ticked off by and but what he's saying it's true what -- you know -- it now is not a -- to be.
Billing about this I've been whether you argue it's it at -- time for.
We're spending cuts and -- increases something's gotta be -- to address this situation and a -- but often say.
Nothing has to be done it is that that's -- -- but I suspect.
Despite what looked good -- stock might help -- here tonight.
I don't think we will hear tonight on the leader are spending but -- very crafty terms like initiatives strategic investments.
Dancing -- of spending money we don't have I don't expect to hear.
Much more clarity out of out of Republicans so I think that this budget quagmire will continue to exist -- anything today's news we got.
At a treasury that we -- an unexpected bump in revenue that led to a surplus.
In January will sort of take -- -- -- their back they'll figure we not to do anything I think that would be same on both parties suits its its or their back on this as a result.
Lanny do you agree -- out of.
