Detailed text transcripts for TV channel - MSNBC - 20120827:08:23:00
The first step, though, is to create a climate of economic growth, where revenue comes in because people are creating jobs, and investing, and are being taxed because of it. that's by far and away the most important way of doing this. and if our -- look at it from this respect. we spent 25% of our gross domestic product or economic activity goes through government today. that is -- that is much higher than it used to be. used to be around 20%. and our revenues are up 15%, which is much lower. the reason why that is, is the demands placed on governments grow when there's no economic activity an...