Page 43 - Deficit Hawk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Poverty in our country. i don't think that anybody should be denied health care in this country. >> sean: and the president as bad economic policy. >> juan, if you-- >> i see, he caused all the economic problems, i missed that part. >> sean: 16 trillion in debt. >> i missed that. i think a deficit hawk is what i understand. >> juan, i understand you're embarrassed of poverty, but poverty started under lbj and we lost that war, listen to me for a moment. we lost to poverty, the programs of give aways do not work without incentive. this is why more people are going on food stamps and welfare and...

Poverty in our country. i don't think that anybody should be denied health care in this country. >> sean: and the president as bad economic policy. >> juan, if you-- >> i see, he caused all the economic problems, i missed that part. >> sean: 16 trillion in debt. >> i missed that. i think a deficit hawk is what i understand. >> juan, i understand you're embarrassed of poverty, but poverty started under lbj and we lost that war, listen to me for a moment. we lost to poverty, the programs of give aways do not work without incentive. this is why more people are going on food stamps and welfare and...

>> dashing spending when you still have depressed economy is really destructive. it's probably even counterproductive even in purely fiscal terms. we should be sustaining government spending until we have a stronger economic recovery. >> this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation and i'll become a deficit hawk but not now. >> do you subscribe to that, jared? or is that too extreme? >> not at al...

Political drive. our track record for the longer term is not bad. we have actually tended to reduce our debt at least relative to gdp when the economy was strong. we tend to increase when the economy is weak, but that's what you should do. so this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation, and i'll become a deficit hawk, but not now. >> so help me out here. over the past 12 years, 10 years, 11 year...

Instead of investing it in more jobs, more growth. more hope. where does this money come from, steve? tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public does not want to see materially reduce...