Page 4 - Ratchet Effect News Today

Military. >> dont fordebt -- >> it costs real money. >> leon panetta was chief of staff in the white house. hes the example of somebody who could get in the ball game to protect his own bureaucracy but also to create a deal for the whole country. >> lets also remember how one of the ways we got this huge sea of red ink, unfunded wars during the bush administration. you dont go to war and cut taxes at the same time. george w. bush was the first president in history to do that. >> okay lets talk a...

>> if we were starting from scratch. that might make a lot of sense because its a very efficient tax. it doesnt discourage savings and investment have investment. but to add a value added tax which is hidden sales tax to all the other taxes we have. that would basically make us another european country. i grew up partly in europe. i can remember in the 1970s, vat rates were 10%. now in many counties they are 16 to 20%. it constantly has a ratchet effect, it always goes up. >> gregg: it starts lo...

Way. when the presidents party controls the senate, as it does now by a wide margin, 59-41, no nominee has lost since the 1960s. so i think its unlikely that any obama nominee would lose. >> but some nominees havent even made it to the actual nominating process. i mean -- >> harriet miers didnt make it that far. but not because of opposition from democrats but because of opposition from her own party. >> reihan, were hearing rumbles about the possibility of -- even though there is not somebody w...

Theres a leaggal strategy as well. you cannot force people to buy things. until you see the attorneys general beginning to mount that challenge. >> one of the great arguments i expect to have to have is even a libertarian does expect the ambulance to arrive if they suffer an accident on the highway or struck by a heart attack or stroke or something. they expect society to come to their aid. can you be forced to do what you will rely upon. >> you know, i think this yes gets worked out, theres ano...