Page 21 - Tax Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> in this case, i share with the sentiment on occupy wall street. i'll tell you what i think that sentiment is. it is saying this country is not fair. it doesn't dole it out fair. and it doesn't. money buys favors. and it buys favors paying off politicians to unfairly advantage individuals, groups, corporations. look fair tax does away with all that. >> if it is so fair why hasn't it gained more traction? >> it has a huge following. i want to say a million followers nationwide. >> that doesn't translate into action on capitol hill or in the white house. >> so what the president of the=fó un...

You have the fed monetizing debt. he will some day understand that which he won't so we'll to change the system. >> you go back to the austrian theory. you break it down very easily. you said as soon as we go to this lord kinsean way of thinking, that's when everything gets off the rails and goes back to what bernanke is doing. >> yeah, he's an economic planner. the worst thing you can do is fix prices. when you fix prices, you destroy the market. the great austrian economist said socialism would never work because there's no pricing structure but the money is 1/2 of every transaction. yet, be...

Agency that we have as a federal government is entirely paid for by borrowed money. that is not sustainable. we have to get us back into balance. jenna: what is the most difficult part of being someone nesomeoneknew new with a new set of eyes? >> i think the most difficult part of it is there are a lot of people in d.c. that don't think there is a problem. they really think, well we've had debt, we can manage this. handle it and it's accelerating so fast now. they keep thinking it's not really a problem, i know we can do this. there is a whole group of freshman that are standing up there sayin...

That choir. you can tell them, you can have everything you ever wanted and the other half will pay for it. maybe that's good politics but it's lousy economics. >> but you also have the option, either you can raise taxes on somebody or everybody or simply cut spending. >> yes. >> on big, important programs. >> of course. look, that's what's required. isn't it? this is not -- i don't think this is a revenue and a tax problem. this is a spending problem. >> absolutely. >> we have spent ourselves into a $1.6 trillion deficit this year. we've got to cut that spending to get out of that hole. we sho...

Movement is the notion that we are overtaxed. tea stands forout our current b situation. because there are two sides to the budget ledger. taxes and spending. but thanks to the tea party and an incredibly set of wealthy people who don't want to see taxes go up ever, the conversation we're having about the budget is almost exclusively a conversation about the spending side. >> washington does not have a revenue problem. washington has a spending problem. >> we don't have a revenue problem. we have a spending problem. >> washington does not have a revenue problem. its got a spending problem. >> ...