Page 7 - John Tandy News Today

His aid and trade policies, the world is a more tranquil place. do you believe that? >> no, i havent seen any evidence of that. >> we should take mention by the way, wednesday the administration came out with new sanctions. some say they do not include closing off funding. they will not stop business. the very next day we see this airliner shot down. >> i think the president has been offering a dishonest narrative of peace and tranquility going back to benghazi. that was the narrative that they ...

We are going to have to raise taxes or privatize more roads. i go for the latter. indiana privatized a lot of its highways and it has worked out really well. >> is it time to end these taxes all together. >> john, what i hear trust and the government as in trust fund and the government, but just that word trust from the government doesnt seem to go together does it? >> it doesnt. i think traffic is the problem in search of a capitalistic solution. why not experiment a little? why not allow some ...

Overturned by the supreme court. >> i think that is separate from an executive action. >> i get what you ear saying. i understand. the president has done things like this, executive actions at a slower rate than george w. bush or reagan or carter. what he has done is so big and huge, his decisions are so big it is up to congress to decide these issues. he is doing what is called, what i think is an ad hoc line item veto. thats like a line item veto that is not allowed under current law. what we ...

the world a safer place? hi, everybody. welcome to forbes on fox. here with us is elizabeth mcdonald. along with rick unger and john tandy. rich, had the administrations policies made the world safer? i will say that aid and trade as practiced by since every administration has been good for global peace, globally speaking. we have not had a world war since the 1940s. what preceded was a global trade war. i personally like to see more trade. i dont think the obama administration can tak...

Reliance and civic which would help the neighbors and help each of our communities so were not dependent on washington bureaucrats to send us a debit card for food stamps or for weight watchers classes. john is onto something, we want it local but more local than government. >> reminded me of a cartoon i saw recently. what should we do with people that rely on handouts and refuse to work, kick them out of congress. >> you know, going back to bill clintons time. >> rick liked that. >> newt gingri...

Then work on fraud. to rick ungers point, hobby lobby pays $15 an hour, costco pays $20 an hour. liberals argue nobody gets paid anything, but thats not true. >> john tandy, what do you think? >> sorry, rick, you cant legislate higher wages, you can and reduce job opportunities. >> keep it on food stamps. >> i think if we want to help poor people, i think all of us do, the worst way to do it is to legislate it from washington, d.c. invariably it will be handled the wrong way in ways that harm po...

And people that are old. but look, the expansion, 18 to 65 area, that doesnt wash. the economy is not the strongest its ever been. unemployment is down to 6.1%, the recession has been over for five years, we need to peel back the number of people on food stamps. >> john, to michaels point, weve been through economic downturns before, had food stamp usage. we want to help women and children and the destitute and poor. we are talking about able bodied people that dont have children. we didnt see t...

Benefit plans, some want to offer 401(k)s, remove bailout from the equation. >> rich, should it be only 401(k)s, no pension plans? >> well, i agree with john, but most companies and unions should go with 401(k)s. as warren buffett says, the best plan is dollar cost average into a broad s&p 500 index and outperform the professional managers 8 out of 10 times. >> rick, corporate pension plans are the back stop, it is funded by insurance premiums that companies pay. i think mike probably agrees, bu...

Coming up over all these years on a defined benefit and switch it. going forward, think she might have a good point. >> i think it should be a gradual process. but i want to disagree with john. >> can we come back, we have to get mike in on this, im sorry. heres the thing. we are in bailout crazy land now. it is ironic the first modern era bailout, excuse me, the airline industry after 9/11, now the big airlines want more federal taxpayer money if the pension plan goes bust. go ahead. >> the pro...

Welcome back. attention taxpayers, it is already called the next big bailout. according to a new report, the federal agency insuring millions of pension plans will have a deficit of nearly 50 billion bucks in less than 20 years. carrie, you say only one thing could fix this. what is it? >> pensions are a relic from the past, from a manufacturing based economy. we are an information based economy. we need to shift our employees onto 401(k) defined contribution plans, we will get a more accurate r...