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tv   Forbes on Fox  FOX Business  March 19, 2017 3:00am-3:31am EDT

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is good for right now. just realize it's going to have the time limits and be ready. >> absolutely, i think we all agree. growth is on the way, whether the fed admits is or not. the cost of freedom continues with david asman on the place for business, you know what it is, fox. david: do the budget buster. u.n. funds slashed, foreign aid smashed and democrats blasting the white house for cuts that they say go too far and some here say they don't go far enough. let's go to steve forbes, michael, elizabeth mcland, and steve, just this week, u.s. taxpayers it was found out helped fund another u.n. report bashing israel. is that money well spent? >> obviously, not, david. the u.n. has become a welfare agency for diplomates, dictators and human rights abuser and the money goes to
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waste. they say they fight disease. if you want to fight disease, go to something like the gates foundation. in terms of economic development, builds bureaucracies. this is a badly needed house cleaning, it's just the beginning. david: and bruce, it's a management nightmare. the united nations is run like-- kindergartens are run better. the u.n. ambassador to the u.n. nikki haley spoke about this last week,'s listen. >> just with the bureaucracy at the u.n., you can trim a lot fat. everybody sees that, if it's not effective, we're going to call it out. david: bruce, should we trim the fat? >> listen, i'm all for trimming the fat, but when you have this white house that's engaged in its own bracket of march madness here, you're going to have to clone people like nikki haley to calm the diplomatic blunders of the president who
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keeps bringing up crazy surveillance allegations and ticking off the british and also, they're not talking with the same voice here, you have rex tillerson saying you want to cut diplomates, which is fine, but meanwhile, the defense department wants to increase defense, i don't know if this will pass-- >> the point is that a place like the u.n. is run terribly. they waste money, and these cuts do the very least, i would think, to try to tackle some of that. >> yeah, i don't think they cut enough. in my perfect world, what they would have done, wouldn't have appointed anyone to the u.n., but we've got to remember the protecting the free world comes at a major expense to our safety and the health of the u.s. economy. these dollars would otherwise fund good idea and they're not,
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they're funding awfulness. david: it's about 8 billion the united states is paying for the u.n., that's a lot more than any other nation spends. that's right, david. i think there's a big difference between the u.n., a perpetually corrupt organization and the state department at home. for the u.n., the united states is the number one supporter. we provide about a quarter of the funding, both general operating support, as well as the peace keeping efforts. so, while i think ambassador haley made a good point it's not going to be a flash and burn approach, there's room for improvement, so to speak, and the u.n. needs to change its tune if they want the united states. david: and there are horrendous examples, there's corruption galore there. >> the u.n. development fund is routinely commandeered and taken by regimes, north korea,
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zimbabwe, you name it. about 128 countries there, they give only less than 1% of the budget and they get to vote on the budget and how it's spent. they have no skin in the game. major human rights abusers, no skin in the game and why do they care. david: don't they have extravagant expense accounts and chefs? >> that happened at the state department, called the culinary diplomacy program which about eight dozen or so chefs were hired to cook overseas and for dignitaries. david: we've lost sight what we're spending on the state department and you caauxiliary. it's not about climate change and social change in countries, not about the overseas private corporation fund which is going to be cut according to the trump budget which is just crony capitalism? >> david, when you have taxpayers at your disposal,
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your budget can be whatever you want it to be or your mission can be whatever you want it to be. as we see with many government programs, they continue to grow. my biggest concern is what the countries contribute, when you need the u.n. the most, it fails. there is a genocide going on in south sudan, the u.n. has done nothing. there there there there's those against christians and u.n. doing nothing. david: and what ty're gting involved in. >> climate change, i think the real clitehange needs to focus on diplomacy and not the extraneous activities. time and time again, the more they throw in, the more they hurt the countries that receive the dough. david: bruce, let's focus on one thing that they want cut, that the trump administration wants cut. the overseas private investment
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corporation, do we really need to spend money on this? >> when the u.n. and state department has to go with, you know, when we have a situation like ebola, okay? we helped the nigerians build their health system, it's in our interest to prevent that from spreading. and so, that's what we need, a line item to go through and-- >> john, we're not talking about ebola here. >> if you can show me the anecdotes where we help with spending. but to mike's point, we're talking about taxpayers. it's not the government's money, every dollar spent on these ideas is a dollar that's not going to a future apple or microsoft. >> bingo. >> and expand our living. >> that's the issue. d.c. has been in bubble world because d.c.'s been a boomtown off of our tax money. when you take that money away from them. they have a fit because it's a loss of power. david: and sabrina, this is the swamp that needs to be drained,
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right? >> it is and i like it here, but it is a swamp. look, i think that the things of the state department, too, everyone's getting a little hysterical about it. we've been engaged in a lot of overseas conflicts we're now sort of withdrawing from, which means some of the funding is going away sort of naturally. you point out it's not just some of the crony capitalism, it's things like cultural and exstrange programs. there are a lot of private groups that execute those things and we don't necessarily need the federal government. david: simple, i our money, that's what mick mulvaney, the budget dector said ts week, it's all about our money. should the folks in indiana, or california, or coal miners in west virginia, do they want to spend money for pizza franchises in moscow? >> no, especially when they find out that peyton manning owns a lot of papa johns franchises (laughter) . >> i think what they're looking for an accountability. in the private sector you have
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to be accountable for line items, that's what they're trying to get at it. david: last word from mike. look who is calling the health care bill, nothing other than john gruber, obamacare. it's time to call out the hypocrisy.
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i'm elizabeth prann, now back to forbes on fox. david: the obamacare architect is back, and he's on the attack. remember him, jonathan gruber. wool he a take a listen to what he's saying about the g.o.p.'s health care bill. >> any replacement they would pass would result in millions of americans losing health insurance, would result in higher premiums, and would result in a huge redistribution from the poor to the rich. now, if they're happy with that and willing to do that, then they can replace. i wouldn't call that a
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replacement, i would call that a scam. david: so the g.o.p.'s bill is a scam. i guess he forgot what he said about how democrats passed obamacare. >> the lack of transparency is a huge political advantage and call the stupidity of the american voter or whatever, basically that was really, really critical to get the thing to pass. david: and steve, you say that's hypocrisy at its finest or maybe we should say at its worse. >> yeah, it gives hypocrisy a bad name for a guy like that to criticize. whatever the flaws, it's vast imprement over obamacare, gets rid of the individual mandate, and employer mandate, hundreds of billions in taxes. obamacare is collapsing, it hurt people and made it more expensive, $12,000 deductibles, hello, mr. gruber, did you pay $12,000 in deductibles before you came along? >> it wasn't just gruber, it was obamacare when it was spun out. here are just some of the
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promises that were made, premiums are going to go down, keep your health care plan, no increased-- we said right here, we knew that couldn't happen and it d did. >> certainly there are issues that need to be taken care with the individual market, but in the trump care, ryan care plan, they are still creating 100 billion dollar fund to dole out among the insurance companies and there's still an individual mandate in the form of a surcharge which wouldn't go back to the government, it would go to the insurance companies that would charge not $695, but at least $1500 if you had a $400 a month plan. david: fair point, but e-mack, remember, obamacare, there were tens of billions of dollars of subsidies to the insurers. they were getting most out of obama more than g.o.p. bill. >> that has not changed. to your point, this is jonathan gruber, right?
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the stupidity of the american voter led us to hide obamacare's true costs, that's what he's saying. i think he hasn't changed. he's saying that stupidity of the american voter is making me hide the true cost savings that could happen under this plan. remember, his thinking was, it's really, really critical to hide things from people to get things passed. he hasn't changed. david: you've got to hide it and easy to hide because americans are stupid, that's what he also said. mike, we should say, mike, that a number of conservatives do think, at least part of this plan is a scam as well, right? >> well, i can't believe i'm going to say this, david, but as much as i agree with the-- that he's a hypocrite, david gruber. david: peter gruber. >> jonathan gruber. >> jonathan gruber, we'll get it there. >> i think this republican plan is a catastrophe. i think we have a once in a lifetime opportunity to make health care insurance what it should be, which is insurance rather than a means of providing health care.
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there's a back doorway to the individual mandate, still has preexisting conditions, huge subsidies, with tax credits. we're going the wrong way here. david: well, and sabrina and they make work that out, the republicans, because the president wants to be the mediator between the two groups. focusing again on the calls from democrats like gruber that this is a scam, for all that they've been football for, is it really fair for them to call this a scam? >> this is the pot calling the kettle black. if i recall, obamacare was passed in the middle of the night. i don't think a whole lot of transparency. if we want to talk about transparency, one thing we need in health care is transparency, price transparency so consumers know what they cost and should cost and we do not have that under obamacare and that's the direction we ought to be moving? >> and there are a lot of points that maybe could be added to or taken from the current g.o.p. plan, john, but
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most americans when you poll them, they think that obamacare left on its own will fail. >> and that's, i think that's the important i think this. obamacare was going to die of its own contradictions as it was, and that's my problem with the republican approach. of course, repeal what makes, is an offense to common sense, but don't replace, because your replacement almost as a rule is going to be awful, too. if you repeal, there is demand for health care in this country, market forces will solve it, just as they solved any other human need. david: okay, but, steve, there is a change in attitude in the country, actually donald trump talked about that this week saying that maybe some people would have a feeling of nostalgia as much as they disliked it a year ago, there's so much spin on this. a recent poll shall the numbers reversed, two years ago, the vast majority of people m an unfavorable view of obamacare. now, those numbers are pretty much switched. >> because the media and the democrats have dominated the narrative, david.
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everyone thinks now it's not just reforming of failed system, but people, tens of millions of people are going to be thrown in the streets, your bills are going from 20,000 to $50,000 a year in terms of deductibles and what people have led to be believe and that's why the republicans are losing support and they've got to pull ahead, do what's right and work it out. david: that's what the president says he plans to do. the cashin' in gang getting ready to roll at the bottom of the hour. what have you got? >> hi, david, donald trump's leaked tax return shows he paid a higher tax rate than president obama and bernie sanders. time for them to get off the witch hunt. and a brand new artificial infell against, bill gates says any robot replacing a human worker should be taxed. is he right. david: an ai tax. declaring war on the environment, some liberals say the president is doing that with major cuts to the epa.
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>> some environmentalists accusing the trump administration of declaring war on the environment. it saves plans to slash epa funds and staff and regulations are going to harm our health. but what it will do is protect our economy. how so, john? >> well, trump's critics get it exactly backwards. what puts our environment at risk is the economic growth when the economy is not growing
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we don't care as much about the environment so the paradoxical truth is that if you want to improve the environment, slash the epa budget and allow the u.s. economy to grow. david: well, slashing the budget is the phrase to use, bruce. this is a 31% cut in the epa. that's what's proposed. it's the biggest cut of the agencies, 2.6 billion dollars, what do you think? >> welcome, you can't improve the economy of a place like flint, michigan, if you don't have clean water to drink, so you have situations in these budgets at epa, you have great lakes has pollution cleanup programs that are in there. i mean, who is going to take care of that? i mean, if this is going to be cut, that's a bad thing. david: so, steve, what about that? if you have killing water and air, you can't have any economy at all? >> well, the fact of the matter is, john is right, first you need the resources to do it, david. but also the epa wastes a lot of money on fuel standards, on
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this clean power act, which would put the utilities out of business, gratuitously and in terms of cleaning up water, the funds are there to do it, specific programs, but the epa has gone way, way beyond that. you could cut that agency in half and we'd have a cleaner environment. david: e-mack it's not happened, 31% is a big cut. >> some of the cuts bring the epa and other agencies back to where they were ten years ago. i agree with steve, you know, we don't want pollution, we want clean water, but let's get rid of the costly circus plate spinning acts like biofuels and solar and wind and let the market figure that out. david: and, mike, it's not just cash that trump administration is cutting, it's also some of the regulations. this is the fuel efficiency standards. president obama wanted to switch it to 54.5 miles per gallon by 2025. that's a huge thing. this week, trump said, no, we're not going to go with that anymore. >> and trump is absolutely right. one of the things the fuel standards have done, david,
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