income taxes, what a shock. now anointed one is addressing the charge that he s stoking class warfare. the president: we are hearing the issue defenders of these kinds of loopholes saying this is just class warfare. i reject the idea that asking a huge fund manager to pay the same as a plumber or teacher is class warfare. i think it is the right thing to do. sean: according together associated press in 20091,470 households filed returns with incomes above one million dollars they paid no federal income tax. they also add this, that s less than 1% of the nearly 237,000 returns with incomes above one million dollars. it seems the president is focusing all energies on 1500 americans who are not paying their fair share. i m sure he thinks we can fix our deficit problems once they start paying. as it turns out, at least one person, aside from warren
more than 70% of federal income taxes, what a shock. now anointed one is addressing the charge that he s stoking class warfare. the president: we are hearing the issue defenders of these kinds of loopholes saying this is just class warfare. i reject the idea that asking a huge fund manager to pay the same as a plumber or teacher is class warfare. i think it is the right thing to do. sean: according together associated press in 20091,470 households filed returns with incomes above one million dollars they paid no federal income tax. they also add this, that s less than 1% of the nearly 237,000 returns with incomes above one million dollars. it seems the president is focusing all energies on 1500 americans who are not paying their fair share. i m sure he thinks we can fix our deficit problems once they start paying. as it turns out, at least one
last night not at his gop rivals, but at the man he wants to replace in the white house. we cannot afford four more years of high unemployment, this failed stimulus, this record debt, the loss of our credit. it is time for a change. [cheers and applause] and i m not talking about the rhetoric of change, i m talking about a record of change, and i ve got that road. [cheers and applause] megyn: rejoining me now, former alaska governor sarah palin. governor, what do you think of governor perry and his performance the other night? well, the comments that you just played, those were great. those were right on. i wish that he and the other candidates had kind of pivoted at that msnbc debate the other day and gone there in talking about the debt and deficit problems which are the foundational problems of our economic woes today. unfortunately, in the debate the other day it surprised me that some of the political street smarts with respect on
a ponzi scream? who do you most identify as a ponzi schemer. jenna: hands down bernie madoff. hands down. jennawhat bernie madoff did he promised his investors high return with low risk. he did that he came good on that by taking the money from his newer investors to pay his longer term investors. what are we doing as younger workers we are paying into our social security funds that the retired workers then get to take advantage of. here is the problem, when the pool of money dries up, which is what happened to bernie madoff, he got caught after the 2008 financial market passed he had no money to pay his longer term investors who were looking to cash out. if you look at the debt and deficit problems in our country there is concern whether the retired workers in the very near future will get their due cash pay outs.
well, the thing to look at now is that despite all the rhetoric, interest rates are very low, and while we have a long-term debt problem in this country, the big problem in the short to medium-term is employment. we need to get people back to work in order to get the economy moving again, because the problem now is you don t have the demand, and you need to get people on the payroll so they are paying taxes again, and that begins to alleviate some of your deficit problems. it s that point you can pivot, to use a term the obama administration likes to use, you can begin to pivot to deficit reduction, but right now we should be borrowing money at these historically low interest rates to invest in the economy, infrastructure and that sort of thing, to put people back to