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Heart of America Group CEO Michael Whalen, NextGeneration.TV Correspondent Michelle Fields and TownHall.com Political Editor Guy Benson on the potenti...
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-- -- disaster self -- well guidance.
Got I think this time the screamer.
Has spoken softly and loudly -- -- He has and as a matter of fact governor dean has been making this point on several occasions since the election conveniently.
But he has said this on a variety of different networks saying the middle class events -- gonna have to get hit and unfortunately if you're middle class American right now watching he's right and less his party can get over their mid -- metaphysical inability.
To deal with the real driver of our debt which is the bloated entitlement state.
And the unfunded liabilities coming down the pike you are going to have to raise taxes on everyone so -- I think that if Republicans are Smart.
In the next election cycle they'll go up to all the various Democrats running for office who wanna continue.
Running on this lie that we can just stick it to the rich and say.
Do you disagree.
With the governor dean and his assessment if you do how do you make the math work exactly.
Well I think you number -- think about it a governor dean has just said let up I think a lot of other prominent Democrats including the president on down Harry -- in Tbilisi.
Really.
Also could correlate it in our hearts are just not saying -- that the math doesn't add up that you could tax the rich and ought to present and it wouldn't come close to covering.
Our needs and this is more than just reallocate some problem that quote senator Harkin.
This is just a bad math problem and -- that we can't sustain this and -- we we want a government decides that there is an argument be made in some balls a lot of Americans do you want a bigger good you know the better government.
Then you're gonna debate -- and he's he's pointing the way -- you're gonna have to tax a lot more people to provide equity -- ago.
Exactly -- -- the path that Ron right now is just not sustainable and it it's time that Americans make the choice.
Either we go to -- that Europe has gone down where we have a stagnant economy where you see that times and unemployment.
Where you see tons of people tax adapt.
Are we can go -- the other path which is a more economic freedom where people can.
Can decide what they wanna do with their money we're government is think taking care of you from cradle to grave and I think it's about time we make that hard choice.
Because this is not sustainable.
You know my -- could also be stating -- bailout.
Americans might welcome that choice they might be willing to pay a little bit more if they have a government -- will do a little bit presumably a lot more.
And they might be okay -- but he's throwing it out there that that is inevitable.
So what are we gonna do.
What are we.
-- and Neil I think -- be a lot of people that pay a little bit more.
We've averaged about AT and a half percent over the last two and fifty years going to the federal government.
I think he went to the American public and said we could fix everything but -- -- -- -- 20% of but still okay.
But the basket where -- is more like 252627%.
And that means we're gonna cut our investment our economy and half over the time that's a catastrophe for our kids but as Willie Sutton said.
He robbed banks because that's where the money's at.
And middle classes where the -- that it is within the words that I don't know if -- -- left and right out as I guess I wanna get back to the vet the basic math argument because.
Half the people of this country don't pay any federal income taxes I'm not here to bad to the point that netted -- genuinely.
Shouldn't that the retirees summer military some -- gotten little -- where they they have paid more than a life into the Texas and but all I know when I got out of grad school that number was in the twenties and now as I say it's approaching 50% and I only got this -- just a few years ago.
A guy lied about that but my point is -- -- the reality is.
That's that is simply not sustainable you can't just hit up that 50% or more -- the point.
That one or two or 5% they're paying most of us that that is not sustainable and and the governor is really stating the obvious right.
-- well here's the thing the -- this gets back to the point that was just made.
What the Democrats have been promulgating now for the last several years and several election cycles.
They've got this story going which is if we just ask the rich to pay a little bit more of their fair share.
We'll have a balanced approach and fix the problem.
But that.
Vastly vastly understates the real issue that we've all been talking about being on sustainable.
And just one piece of of mathematical dated back this up.
Congressional Budget Office just a few weeks ago came out with their annual a budget overview when they looked forward to the next ten years ten years from now on 20/20 three.
The revenues that the government will -- again will be above the historical average will be double what they were in 2012.
Military spending will be -- an eighty year low and still the deficit will be almost one trillion dollars.
That is a a snapshot.
Of unsustainability.
Now you don't sell the -- and as a you can always tried to grow out of this at a big Bill Clinton.
We're reminded us of that and of course of the -- it was cushioned by an Internet boom.
The likes of which we hadn't seen as -- Don you can have a boom again during the Reagan years but point is you can grow your way out of this is he also saying that in this environment.
It is hard to picture of boom of that magnitude to pay for all -- It's absolutely and sustainable we need to make some real cut they're making such a big deal about these sequestration.
Cuts.
Come on this is just does not her real cut at all that this was really that bad as they're making it sound Obama would not be out golfing these aren't real cuts this -- not -- make a difference what we need.
Our actual cuts to entitlement programs we can't just keep spending all this money that we don't.
Pass well I could say the same of the Democrats have and Republicans and they both have to get their say -- -- but there's a reluctance to do the above Michael your thoughts.
Well I think what we have to convince the American people is.
That the idea that we can just tinkering tinkering cut cut strips dip like we've been doing and managed to get by for the last fifty or sixty years.
That debt path is not an option and people sit there going we've always been able to do that but it is.
Reinhart and -- -- spokes this time is different states.
We are in a different point in time 78 million baby boomers 101000 today one every eight seconds.
Going into that system -- -- pay go system it just doesn't work anymore doesn't want to thank you all in the meets.
