Page 15 - Rounding Error News Today

>> kimberly: that is a good impersonation, actually. >> eric: isnt that testimony we just saw with the gentleman from the d.o.e. nonchalantly saying $50 million, that is no big deal? >> kimberly: monopoly money. >> dana: the part, the apt of money that they are dealing with, its like if you saw the great speech this weekend, if i find $20 in my pocket, thats a lot for me. but for the equivalent, bill gates for the money he earns hed have to pull $12 million out of his pocket. $50 million to the ...

That sense or in money coming in, it would only raise $4 to $5 billion a year. if you raised the margin of tax rate on high income, that would raise more money. isnt that worthy to get the debt down? >> it is ridiculous. its a rounding error of a rounding error. i did the math on it. the committee of taxation said y yes. its a triviality. it will do nothing about nothing. >> its misdirection! its working. >> look over here at the -- it is working. demagoguery often works. >> bill: in the latest ...

That sense or in money coming in, it would only raise $4 to $5 billion a year. if you raised the margin of tax rate on high income, that would raise more money. isnt that worthy to get the debt down? >> it is ridiculous. its a rounding error of a rounding error. i did the math on it. the committee of taxation said y yes. its a triviality. it will do nothing about nothing. >> its misdirection! its working. >> look over here at the -- it is working. demagoguery often works. >> bill: in the latest ...

Got placed on administrative leave yesterday for this kind of behavior? this same guy, david foley, was responsible for overseeing $5.5 million of our stimulus money. >> well, look, youve hit it exactly on the head. megyn: 5.5 billion worth of our stimulus money. thanks, david. >> yeah. we dont even count 5.5 million down here anymore, megyn, thats a rounding error. [laughter] even if administration could cod affix the blame on george w. bush, that doesnt make their argument any better that the ...

Passionate interest in your product seem unwilling to front the company the seed money?" youre asking someone to be an investor versus being a customer. >> i think its a good question. i think that in very large companies, that amount of money for them is really like a rounding error, if that. and i think sometimes companies are afraid theyll fund and then ignore something. and also sometimes its more risk than theyre willing to take. if they go into a similar business or work with someone else ...

For a much better flow in our committee. those people at the high end, we know what happens with that money. it goes into their portfolios and it may not ever get into the economy the way it needs. >>neil: what they do with their money is their business but leaving that aside there is a propensity to look at further raising taxes and ever cutting spending. >>guest: well, we did cut spending. $7 million the last cut. >>neil: but that is barely a rounding error. >>guest: but dont say we didnt cut....

Error. tell it to a guy who doesnt have a job and trying to sweep up the hallway. dont tell me it is it a rounding error. that is stealing. whether it is five dollars or five million. they are stealing our money and the taxpayer should rise up and go to washington and all of the stuff about the occupy wall street. they should be occupy washington and the senators and the congressmens homes. thats what they should be doing. these people are stealing your money. >> let deal respond to that. >> the...

Terrorist. >> and forget about the kids in pakistan. we have folks here that are hurting. >> forget about our national security. >> you are correct about the social enittlements. but this is thievery. if you have a person who steals money in corporate america and put its toward a driveway in their own home they get fired oir indicted it is a symptom of a greater cause it is not trivial. we need to have a balanced budget amendment so these guys cannot do this. >> and wayne, you say we need to do ...

They couldnt vote because elderly people dont have passports or dont drive, or students dont. when you have any number of studies that say youre not talking here about in brooklyn or phillie where a politician beats the system. youre changing a whole system of people being able to vote. and its an adverse result. >> i dont doubt that it would suppress some voting because some people dont have i.d.s. but without i.d.s how do we try to improve the system? >> improve it where, though? improving it ...

Real cuts, appropriation dollars, this first year, only $350 million cut instead of $38 billion. >> a big difference. >> big difference but you voted for it anyway even though you said you were a little disappointed in the bill. why? >> i was disappointed in the bill. on one hand represents the largest year-to-year adjusted cut since world war ii. maybe we all deserve a medal for that. relative to the size of our problem, not even a rounding error. i said members of congress deserve to be tarred...