Bull Simpson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good morning to you. it is thursday, august 11 now. this is "american morning." lot going on today. let's get right to it, folks. >> good morning, good morning. so much for comeback. haven't seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off or the buying. that's because this is a global economy. your investments feel it here. wild swings....

Dreamwalking so long that you saw what happened last week. that $38 billion, that was really a lot of smoke and mirrors. tell save $10 billion if we're luck necash dollars which is two days worth of borrowing so what do we need to do? we have to raise revenue and yet we have the president saying, i'm only going to raise it on the top 2%. >> well -- >> yeah. >> stop one second. >> okay. >> what he says wednesday. you and i agree, without revenue this simply ain't going to work. i say that in an article on slate.com today. bull simpson said it. every rational person is saying that revenue is a n...

I think that's what we're seeing with paul ryan's road map to national decline. >> leaving paul ryan aside, bull simpson, do you think there's any fundamental merit to what it said? the burdens between not just the poor but defense and the wealthy? >> the tax code already does that. and bull simpson pointed out the spending problem is the spending problem, it's not a lack of revenue. >> thanks so much for being here. when we return, a special appearan appearance "in the arena." fareed zakaria joins us. welcome back to geico radio, it's savings, on the radio. hello uh george and linda! george: ...

Government, big spending. >> will cain, we need specific ways in which we're going to get americans back at work. if americans are back at work, we're not supporting them and they're paying taxes. what's the best answer for conservatives. >> you're not going to like my answer, government doesn't create jobs, ali, government creates the conditions for job growth. in order to do that, i do agree with dana, you have to cut back on the government's influence in our lives and its reach into the economy. that being said, one of the best things to set conditions for job growth would be tax reform. to...

One of the most respective conservative columnists the nation has written saying basic fairness is being violated. fairness is at the heart of public policy, and the social fab rib. i don't get it -- fabric. i don't get it. >> no. so we're clear low taxes do not lead to economic growth? >> not the way they're doing it. what you want is, in fact, bull simpson -- a conservative document -- wanted to eliminate the capital gains -- >> you talk about bush and suggest wisconsin is seeking to lower taxes. in the name of economic -- it is bunk. if low taxes don't lead to economic growth, why don't you...