Detailed text transcripts for TV channel - FOXNEWS - 20140609:20:20:00
Laffer says this won't solve anything. why not? >> well, this is typical of president obama. but it's a subsidy, a transfer payment, a raises taxes and will slow economic growth. what you really want to do is not lower the numerator, ie the amount of debt. what you want to raise is the amount of income. to reduce the debt burden by creating jobs and higher wages, that is what we all want. and that's what obama is not willing to do. this problem has gotten so huge because the drop in employment is so large and a lot of these people don't have job, a lot of the people don't expect to work. they ...
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