Making excuses and dont blame her, ultimately as as i pulled the trigger that night. Afterwards airs sunday 9 00 p. M. Eastern. You can watch previous afterwards program on our website, book to be. Org. Peter fridays and book is called power to the people, mr. Barrera, is it possible to reform the entitlement programs . Guess only the way described in this book, these reforms were up positive, the book is about how to reform every program, Social Security, welfare, obama care, medicare, medicaid, all of this, how to reform them all. Its based on 30 Years Experience based on the reagan white house. Heritage, i contributed and this is an extension to all these ideas. After you reform Social Security people they get higher benefits now or benefits. Poor people get higher incomes that lower incomes. Sick people are able to get better healthcare not less health care, that is because these reforms are not based on cutting benefits. You cannot get anywhere by cutting benefits, these reforms are based on fundamental structural reform. Changing the way these programs operate so that they contribute to the economy, they make the dependence and beneficial able to become selfsufficient and self financed. So a lot of the Government Spending in these taxes and the recent programs are shifted off of the budget altogether into the private capital market, so instead of working people today, we spend 1,000,000,000,000 dollars per year in taxes, taxpayers are taxed at 1,000,000,000,000 dollars per year basically to pay the bottom 20 of the income. Thats very unproductive, counterproductive and therefore we have a declining Participation Rate and it accelerated under obama. All of these programs have been expanded. So when he pay people not to work you are detracting from the economy, not helping it. When reforms and and empowering workers to choose personal savings and investment to finance their future Social Security benefits rather than tax or redistribution which is all that Social Security is. You get far higher benefits from a lifetime of savings investment then a lifetime of no savings investment. Theres no savings investment anywhere for Social Security. People are participating in the program lose the benefit of that accumulating return. When asked Elbert Einstein of the atomic bomb which is most powerful force in the universe he said compound interest. And this was more powerful than the atomic bomb. This is why youll have middleclass couples able to retire as millionaires if they are able to take what they and their employers otherwise been to Social Security into a lifetime in savings investment and get the key militant compound interest, over their entire careers and even into their retirement. All that money continues to work for you even after you retire. So now you have something working on your side. That is why these reforms can be popular, and populous even. They would all be provence because all that is in capital contributes to the economy, all the people who are not working today would be contributing to the economy. This is a prescription for renewed Economic Prosperity for the entire country. What about the risk factor . When your little older sometimes people are not as willing to be risky with their money. It doesnt require you to be risky for with your money. You can make your own choices with this money, but youre still backed up by safety net. Because when i sat down with paul ryan who wrote the legislation for that part of the reform in 2000 five, that became became the foundation of the ryan roadmap. That provided that it would be backed up by federal guarantee that you would not get lesson promised by by Social Security. So you can gain but you cannot lose by making this choice. On that basis the chief factor of Social Security said these personal accounts are so obviously a good deal that he would assume that 100 of workers would choose the personal accounts because they are so obviously a better deal than Social Security. This is the lifetime career, the career numbers guide for Social Security. Thats what he wrote in the rhyme bill, it still posted at the Social Security ministration website for that can still be found. Were hoping to generate new legislation that will provide for the, that will rally people around the country. Yes give them power over our own money. Thats what this what this does. Thats whats called power to the people. It gives you the choice and control over your own money. Just like the reforms facing obama care is discussed in the book, power and control of your own Health Care Just like the reform of reforming welfare in the book, it gives you the ability to become selfsufficient, to produce your own support and so again, the power to the people. And peter, does your approach, in your view reduce americas debt . Yes, this is the path for paying off the National Debt because thats the other part of this, you see after all of this advantages theres reform. This is the kicker that is left out. After generations, settles bending of the gdp is less than half of what it would be otherwise. If you people are paying for Smaller Government they want reduces federal spending this book will expand how to do it. Its the only way. Its the only way to reform retirement and to make government smaller. As described described in this book, its not a long book. But once you get the idea you see how it applies everywhere. These are all ideas that are proven to work in the new world. Theyve all been tried elsewhere around the world and have been proven to work spectacularly. So lets do more of it. Host what is the Heartland Institute . Guest the heart land is it promotes what the book is, the power to the people, and growth for everybody. This this book is one of the most vulnerable, we wanted to spread, for seniors who are living under retirement, sick people we want all of this prosperity, this this is a roadmap for spreading that prosperitythats why the subtitle is the new road to freedom and prosperity for the poor, and those most in need of healthcare. Thats what it it is. A new road to freedom and prosperity. Host is obama care socalled care isnt that a free market approach to healthcare . Guest no, its a government approach. Government is controlling everything in obama care. It takes away power to the people and gives power to the bureaucrats. The government tells you what insurance you must buy. Bureaucrats in washington tell you what must be covered, the government tells Insurance Companies what they must do. It it tells employers what insurance they must buy for you. Its government making decisions. Thats even more that in the future. So obama care is not a free market system, that is misleading for people who are gullible and easily misled. Its calculated deception i call it. Obamas approach is the opposite a power to the people. Because they think they are smarter than everybody. Theyre more moral than everybody. So they kinda rediscovered the old rationale centuries ago. Were the smartest people, or the more people, we know it needs to be done. You guys just shut up and do what we tell you. And thats what you get with from the obama administration. Host the george w. Bush administration attempted a Social Security reform but it got shut down quickly, why . It didnt get shut down, he backed he backed off. He never proposed his plan. He won the election with that, heaving carried florida so when they ran for president they use these formula exactly as i described it. It works spectacular. Then once they got elected, they picked people inside washington to implement the people inside washington said are you nuts, we cannot do this. We. We cannot shift power to the people, were going to give up this power we do that. We we have that power in washington. So that is what happened. You hear Bernie Sanders power to the people of power to the bureaucrats. This is this is a real class struggle that is going to. Host entitlement, reform thats the topics of power to the people. Peter, thank you for coming. This is book tv on cspan2. Heres a look at some of the current bestselling nonfiction books according to the new york times. Topping the list, cnn host anderson cooper, and his mother Gloria Vanderbilt discuss their lives in, the rainbow comes and goes. In, grids, psychologist andrea explains that persistence rather than geniuses a better predictors success. Next next on the list is hamilton, it is followed by 60 minutes correspondent leslies role on the baby boomers have taken in becoming grandma. In breath becomes air the late neurosurgeon recount saving mortality