bowles just don't accept those facts what has this pair washed up washed up corporate corporate shills come up with now and this is their plan to do anything to solve the nation's economic woes tell us about in the daily take. in the best of the rest of the news the financial crisis of two thousand and eight hit the us hit the hit the u.s. millions of americans were left with looking for answers how could the federal government have let the big banks bring down our entire economy and let them get away with rampant corruption and greed for so long the answer to the question is a short and sweet when it began with reagan reagan deregulated big banks and big businesses and he removed the crucial restrictions that were put in place to keep the corporations from cheating and from pillaging the american people reagan argued that in a capitalist society there is no place of regulation federal oversight as we all know now reagan was wrong without regulation corporations and big banks wreaked havoc on our economy and our society nearly every basically every day all the name of pedal and all the

bowles two guys now charge forty thousand dollars an hour in speaking fees are pushing hard to kill social security by handing it off to wall street even though social security or maybe because social security is sitting on a two point seven trillion dollars surplus fortunately their efforts to cover privatized social security so far are not working according to a new poll by the pew research center americans thirty to forty nine by margin of fifty two to thirty five percent believe preserving social security insurance is more important than reducing reducing the deficit and we should note social security has nothing to do with the deficit and younger americans share that sentiment by a margin of forty eight to forty one percent americans from eighteen to twenty nine believe preserving social security is more important than deficit reduction and once again social security's got nothing to do with the deficit. but don't expect the polls to slow down the republicans and the cat food commissioners if they can whip up enough phony fear and convince enough younger americans that their re

bowles and actually floating the idea of cutting social security and medicare to programs created by democrats to programs that have don't exist democrats really can't say they did much so it's another raw deal for working americans so good why well because apparently asking the billionaire class to contribute to reduce. our deficit which is actually shrinking faster than any time in recent history is just well it's too much to ask and since the billionaires have lobbyists and working people don't the billionaires make out like bandits literally they make out like bandits while the rest of us get pink slips the rest of us get medical bankruptcies and delayed retirements but this isn't just happening in the united states it's happening in europe too as austerity deepens in places like greece and spain in their economies sink further into debt and stagnation in their peoples sink into desperation and suicide rates spike the austerity mongers push it even further and the tiny nation of cyprus know it's not enough to lay off government employees and cut pensions to pay off foreign invest

itself well ok let me switch to another earlier today former white house chief of staff erskine bowles talked about reforming the tax code and here is what happened. we can bring down the corporate tax rate the corporations will have more money available to invest and invest in this country to create jobs over here it will make us more competitive it will keep companies headquartered here in the us rather than see them going on countries we need ok what do you think well you and i had this discussion about apple what about a few weeks ago but the problem is not that the corporate tax rates too high the problem is that if you too few corporations are paying their taxes we have let about maybe a third at best corporations paying their taxes and i'm also slowing the rate and you dishonestly make that apple is actually playing by the rules here it is the law that they're playing but it is the law but if you're going to change the law and you lower corporate tax rates we need to make sure that every corporation pays them i'm all for lowering it to obama's rate of twenty eight percent or som

itself well ok let me switch to another earlier today former white house chief of staff erskine bowles talked about reforming the tax code and here is what happened. we can bring down the corporate tax rate the corporations will have more money available to invest and invest in this country to create jobs over here it will make us more competitive it will keep companies headquartered here in the us rather than see them going out countries we need to ok what do you think well you and i had this discussion about apple what about a few weeks ago but the problem is not that the corporate tax rates too high the problem is that if you too few corporations are paying their taxes we have let about maybe a third at best corporations paying their taxes i'll call slowing the rate and you do long as they make that apple is actually playing by the rules here it is the law that they're playing but it is the law but if you're going to change the law and you lower corporate tax rates we need to make sure that every corporation pays them i'm all for lowering it to obama's rate of twenty eight percent o

and welcome back today cat food commissioners alan simpson and erskine bowles poor. a new so-called deficit reduction plan you might remember that paris served on president obama's fiscal commission in two thousand and ten and presented a plan to avoid the so-called fiscal cliff a plan that was so focused on austerity that three hundred fifty economists co-wrote and published a letter rejecting it now simpson bowles are at it again or in the wall street journal a new plan will aim to reduce the deficit by two point four trillion dollars over ten years and includes six hundred billion dollars in spending cuts to programs like medicare and medicaid that's two hundred billion dollars more in cuts than obama said he's willing to accept in any plan. so this new austerity plan is even worse than the first and no nation in the history of the world has ever cut its way to prosperity so let's not listen to these guys who are more focused on collecting nice speaking fees and corporate junkets and doing what's actually right for our economy. just. it's the good the bad of the v

bowles to a deficit commission ran to the left again in two thousand and twelve and since then he's been negotiating in secret the transpacific partnership and other trade deals that are very much pro corporate he has offered to cut social security he's repeated the deficit rhetoric of the right etc etc etc but he's also emphasized his what he calls his evolving positions on gay marriage and and women's issues and so on so as a result even though he's far to the right of the democratic base on economic issues he still enjoys eighty five percent support among registered democrats so that's the playbook that's the clinton playbook and if somebody about doesn't call them on it i think that's how we're going to see the continued wealth inequity and corporatization of america you know i would submit that these economic policies whether it's rahm emanuel's or bill clinton's or for that matter barack obama's are to the right certainly to the right of dwight eisenhower who in one thousand fifty six ran for reelection in the fact that he had added more than a million people to the union role

fixing our debt includes massive austerity type cuts to our nation's social safety net programs in fact erskin bowles is a co-founder of the fix the debt program that peterson is funding so it's no surprise that the recent simpson bowles cat food commission two point zero plan included even more devastating cuts to social security and medicare. much like the many tentacles of the koch to puss fix the debt is more than just one campaign is source watches pete peter peterson pyramid dot org brilliantly points out fix the debt is like a well oiled machine made up of p.r. firms corporate c.e.o.'s partner organizations and so-called state chapters. progress is argue that if the so called fix the debt goals are reached it will worsen the gap between the wealthy elite of america and everyone else but here's the real kicker peterson and his fix the debt campaign have made it into the halls of the white house. many of the c.e.o.'s involved with the fix the debt campaign are the heads of some of america's largest corporations and many have testified on capitol hill and some met with president obama dire