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20110113-Stossel-[Meet the New Boss]-Fox Business CF avi

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20110113-Stossel-[Meet the New Boss]-Fox Business CF avi

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Name:20110113-Stossel-[Meet the New Boss]-Fox Business CF avi

Infohash: 04DBBB42CB825C82D14680C33C85E7D78B4F9A07

Total Size: 218.56 MB

Seeds: 0

Leechers: 0

Stream: Watch Full Movie @ Movie4u

Last Updated: 2024-05-15 18:01:39 (Update Now)

Torrent added: 2011-01-14 13:35:28






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20110113-Stossel-[Meet the New Boss]-Fox Business.CF.avi (Size: 218.56 MB) (Files: 1)

 20110113-Stossel-[Meet the New Boss]-Fox Business.CF.avi

218.56 MB
 

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STOSSEL - [Meet The New Boss (Same as the Old Boss)] - Fox Business Network
2011, January 13, Thursday

Xvid/MP3 AVI - encoded from medium quality ReplayTV stream

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[excerpted from John Stossels blog:]
January 12, 2011 02:28 PM UTC by John Stossel
This Weeks Column: Same as the Old Boss?

So the Republicans took control of Congress. New House Speaker John Boehner declared that our spending has caught up with us... No longer can we kick the can down the road. Hes right about that. Thanks to runaway spending during the last two administrations, the debt our government owes investors now stands at 62% of GDP. But is there any reason to believe that Republicans will reverse the trend? Will this group be more responsible that the previous bunch?

I hope so. But Im skeptical.

When the new Speaker Rep. John Boehner was asked to name one program we could do without, he said I dont think I have one off the top of my head.

Give me a break! The Republican leader in the House doesnt already know what he wants to cut? I dont know which is worse: that he doesnt have a list or that he wont talk about it in public. That doesnt sound good.

But here is one ray of hope: Canada. In 1994, Canadas debt was worse than our 62%. Canadas debt was 67 percent of GDP. In this weeks syndicated column, I write about how Canada paid down its debt:

What did Canada do? It cut spending from 17.5 percent of GDP to 11.3 percent.

This wasnt merely a cut in the growth of spending, a favorite trick of congressional committees. These were actual reductions in absolute spending.

If a cabinet minister wanted a smaller cut in one program, he had to come up with a bigger cut in another program, writes Henderson in Canadas Budget Triumph, published by the Mercatus Center. All but one of Canadas 22 federal departments experienced real cuts in spending. While Canada raised taxes slightly, spending was cut six to seven times more.

These supposedly painful cuts didnt cause terrible pain. In fact, there was much more gain than pain. Unemployment dropped, the economy boomed, and the Canadian dollar -- then worth about 71 cents U.S. -- today is about equal to the American dollar.
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uploader comment:
At the time of upload--
$1 USD buys $1.01 Australian or $0.99 Canadian (source: xe.com)
Cmon! Near parity with both countries? And Canuck Loonies coins are worth _more_ than our coin! Really?! Aussie bills are cooler, I think theyre printed on Tyvek. FED...sucks.

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