Page 31 - Gary B News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Up. in fact, food prices across the board have gone up because corn and corn syrup -- >> you and i, we follow these things, gary. cotton prices made 150 year high before egypt erupted or before -- >> i understand that, eric. but how is that -- that's across the board. that's because government policy cutting programs -- >> no, no, no. that's flooding the economy with free money to pay for our deficit, going to china saying we need help. we need to put more money into the economy. that devalues the dollar and makes everything else go up. >> that's one component, but the more -- the bigger compo...

People who opt out of working because they don't have to for health care. 800,000 jobs will be open to additional people and ucla and harvard economists are saying somewhere-- are we laughing? that's a fact. >> i am and what's the difference that this is job opens up, it's a job loss? >> he no, it's not a job loss. >> to opt out-- >> it's a job for others. >> and the jobs-- >> clearly there's going to be unemployment benefits then, right? >> well, you know, that's a really good question, eric, but the fact is those 800,000 jobs are not disappearing, they're going to other people. people might ...

Billion dollars back, probably mortgage rates will also increase, they'll be covered by homes and maybe come to the housing market, but the good news, silver lining is that we'll stop spending, 20, 30, billion a year, giving fannie, freddie, leeway to cut the market and basically divert all market activities, this is a good thing. >> caroline. i would agree with everything that eric says, it has bipartisan support and it finally gets the government out of the business of mortgage-backed securities, where ultimately, that's what it will do and yeah, i agree with eric, and we won't see that mone...

financial group and democratic consultant chris hahn. welcome to everybody. gary b. >> thanks for having us. >> who's right? >> well, i think, you know, the right is right in this case. look, let's look at it from a few different perspectives. one, did the stimulus work or does it work? well, if the goal was and i think it was to cut unemployment, unemployment now is actually higher than it was when stimulus was first started so clearly, they get an f there. 2, as far as cutting back, you know, the republicans basically want two things. they want to cut back to 2008, leaving out defe...

performing and that's going to bring down the market. you're devaluing. 123 grand if you work for the fed. 73 grand if you work for the state or local and private live. all in, ways and benefits. >> you can't beat the bolling graphics. >> okay. now, jonas, the government says that the compensation gap is because you need more skill and more education to work in government than in the private sector, i guess that explains us, why we are where we are. >> and although there are no low end jobs in the government. the government doesn't run to mcdonald's, but there's a reason for this, th...