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tv   Forbes on FOX  FOX News  August 13, 2011 8:00am-8:30am PDT

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just in case, and especially the french have another crazy week like last week. waiting for saudi arabia, they did. they finished up . in london, it is quiet now . david cameron ordered crack down on rioting. but former prime minister john brown said the government can't shut down the root causes and that is lack of leadership. what is going on here? what is the bigger picture? well, of course, first of all they are not riots, there is no political motivation and no feeling of subjectation. it is just legal rampage and
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looting . what is at stake and caused it is politicians who 20 years of liberal socialism . of course, the politician are blaming parents. they don't stand a chance when the schools are degrade dumbed down and they are school for lawless profranity and idolness. parents don't stand a chance. a lot of those politicians took more off of the state and stole the public money than the looters and so they are looked on by the public as crooks. even the prime minister was using public funds to decorate his garden. it is really awful and we have had a lot of problems. open borders and huge immigration and enforced multiculturism against the public will. dummying down of the schools and subidies for single
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familis and leniency toward drugs and disarming of the public so that the only people with weapons are the police, armed forces and crooks. and the public are left to look for themselves with their fist. degrading of the police. paralyzing the police. human riots legislation coming from the european union and them frighten to have physical control or contact with potential criminals. >> neil: this is not just britain. we have seen riots and disturbance and worker walk outs and not as violent or as heated in the united states in wisconsin. i wondering whether there is a sense of no one in charge, frustration not only abroad but here and everywhere. it is panicking people. >> guest: it should worry people in all of our countries, we have the same disease which is liberal
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socialism that tears down all values was society and dumbs down the church. dumbs down the courts, they are in favor of the criminal and the victim is not cared for at all. in britain, cells are called rooms. it is ridiculous . it is spreading and my goodness, when you have the limb lips in britain, wait and see what happens then. french, german and spanish police in britain. unimaginable and when the recession starts to bite, you have to worry when there is a reason for people. >> neil: good reason to worry next week talks that european banks are shaky and not over the melt down and the worst of it. >> guest: absolutely right . the problem is big government that is killing our economies. they are taking resources in terms of debt and tax from
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people and they are overregulating to kill businesses and basically dragging our economies in a really long-term demise it is big government that needs to be gotten rid of. you have to got to cut government and that includes government waste. >> neil: well put. >> guest: thank you, have a great weekend. >> neil: allen simpson, music to your ears. debt commissioner chairman. on the phone now. you are saying that with an american accent this we have too big of government and leaderships too unwilling to address them. >> guest: i think i said mine with a western twain and he laid it out. i lined to that. we all have the same problem. it is unsustainable debt and it is growing and not only
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that we extebbeded the debt limit up to 17 trillion. that's what we did the other day. i look at the gang of 12 or whatever they are calling themselves and we were speaking the other day. i think that is a pretty good grp of people on there and enough people on there that are exposed to what we did for 10 monthses and four of those people who didn't vote for the package, but they sat there for 10 months and that is one-third of the 12 . max bachus i am on here to make it work. he didn't vote for it or the other three on the commission of the new 12. that is a heartening sign. they know they have to make it work. >> neil: you referred to your co-chair. who is bounced as a possibly
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treasury secretary name if geithner was dumped. it looks like the president is not doing that. >> guest: i know him. he is a wonderful man. >> neil: he had to put up with you. >> neil: i know, i tell you why he didn't take it, he didn't want to get involved in a dysfunctional government. if bowles steps into something. whatever it is. he's hoping to work with people who listen and not 100%ers on either side and people of good well and not a wimp job and that you can compromise and he looked at it what would i do in there and time to get hammered on both sides. >> neil: the reality is, a year and half before the election, are any of them to address this? we wait until after the
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election piling up debt at four billion a day, we'll be in deeper do-do? >> guest: 4.6 billion a day . now a constitutional amendment to the balanced budget. i worked like a dog on that baby and fell one short. that is a 5-10 year deal. come on, that will not get you anywhere and now the states that have it like wyoming, we have resources and minerals and other states say we have a balanced budget amendment and now get in here because our debt is out of whack we'll cut the social programs. wake up. >> neil: alen simpson, thank you very much. stay on vacation, that's the president's message to congress. the democrat who is pushing back against the white house and president obama is quoting ronald reagan. it is time to stop quote
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>> it is going to take time to get out of it. it is the hard truth but no excuse for inaction. >> neil: that's in the president's weekly address this morning, but he's against getting congress back in town to start hopping on this. he said they would bicker and shout and nothing would get anything down. henry disagrees and joins me right now. congressman, the president said you guys would be yelling and shouting at each other. what do you say? >> guest: i know there is disagreement but how do we address the issues if we don't get back? if we wait 30 days, yes, we are going to have
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disagreements. but we need to sit down and look at how to create jobs and address the cuts that the committees are looking at and to say no need for us to come back, i think we should . start working on this. the only way to solve things is sit down and talk to them. it is hard to do that in our particular states. >> neil: i am surprised that the leadership in the house or senate has even considered the option. you can knock it down if you didn't want to do it and stay on vacation and the, behaver. are you? >> guest: one of the things we are looking at. there is a tradition for years that congress goes home in august and we see that. and it is one of those things i know that is the tradition, but we are in difficult times,
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and i do think we need to sit down and talk. >> neil: at leastt the rating agencies and global market traders and evidence of markets here and abroad are asking you guy to come up with bigger debt reductions over the next two years and not two trillion or so you roughly agreed to. do you think that more should be put on the table? >> guest: i think we can do more . one of the reasons that s&p gave was the dysfunction of what is happening in washington . i have used that word more than once, the american people just don't want dysfunction. i am meeting with a group of people here in laredo, texas and people are frustrate thad we cannot sit down and work things out. it doesn't matter democrats or republicans, we have to come together and work this out and
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so people are frustrated and look at the polls, it shows a great frustration of people right now whether it is democrats or republicans, they want to sit down and work out, cocompromise is not a dirty word. >> neil: it shouldn't be but you are right. congressman thank you for talking to us. >> guest: goodbye. >> neil: why are former ceos buying stocks? and ron paul all the rage and more buzz he will be sming when the straw polls come n ron paul coming up from iowa. he he run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly
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>> neil: fresh off the volatile week of stock market history. reports that insiders are starting to buy their own stock. but it is not a stampede especially among the ceo's. carly therena. by that math, carly, it is hard to get overexcited about this, rght. >> guest: there was insider buying last week and i am sure most major corporation with a stock buy back program are looking and thinking of increasing it. there are huge uncertainty and lack of visibility. there is rick aversion so big companies are parking lots of cash as you big companies have growing markets overseas. what we should be worried about right now is growth in this economy and what we need to be worried about is small businesses. because the data is unmistake
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18able . flat on the back and more maul businesses are fail fewer are starting and fewer small businesses are hire that marries tremendously of course because small businesses create most of the jobs and . most of the people. we have a growth problem and visibility problem and so no one will be bold in this environment. >> a lot of democrats are arguing about all of this couple of trillion that corporations have off shore and afraid to take on . they say at the top u.s. rated 35 percent that it approximate it is forgiven they can bring it back without the high-tech difference. the corporations won't do what washington wants to do and they will not hire workers, they will just, i guess keep it and leaving that aside whether that is their want or not, what do you think they
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should do if they are allowed to bring it back to america? should they hire more or is that their choice? >> guest: i think the problem is we are stuck in washington on short-term fixes. corporations had a one-year holiday on a previous occasion. one year is not enough to plan for. >> neil: what they did, carly. they didn't with that one year holiday. what do you say? >> guest: i think we need a total overhaul of the tax code. lower the rate so they are competitive. we are the only nation that taxings overseas profits. we should get rid of that for all time and not just one year . close the loop holes and reduce the complexity in the tax code. it is killing small business. one thing for hullard packard to hire army of attorneys and
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accountants to deal with thousands of pages of tax code. it is another thing for a small business to do it. look for long-term solutions and on the top of my list for job creation in big companies and in small companies is reform the tax code. lower the rates and close the loop holes and reduce the complexity. it would give a huge boost of the confidence and we have to deal with the regulatory excess that is strangling everybody particularly small business. >> neil: we do neither in the immediate future. it looks unlikely. we will see more weeks like we have seen? >> guest: i think we do. people are uncertain and uncertainty creates rick aversion and volatility . you know, i hear a lot of people say well, none of this will get fixed until 2012. it frustrates me to hear that. i think americans think that they voted in 2010 .
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they voted in 2008, and they voted people in office to do things now . people need to be focused in long-term solutions now and those include in my view, tax reform, fundmental tax reform and restraining government and regulatory excess . most importantly, for the medium and long term. restoring the entrepreneurial foundation of this country. we have to get small businesses up and going again. i would love to see a committee that looks at every regulation on the books and starts stripping away. putting in hiatus every regulation that hurs small business and it is leaving millions of people out of work and hurth our economy. >> neil: good to see you. >> guest: great to be with you. thank you. >> neil: he's warning about cutting back big government and ron paul may be a big
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>> talk about party crasher. no matter who iwans pick today. a guy from texas is in south carolina essentially stealing the show. they are joining us live from where rick perry will be expected to make that presidential announcement. what can you tell us. >> guest: that's right, neal, expected to make that announcement here in charleston, south carolina. governor perry has been hinting at this for sometime. the announcement doesn't come as a surprise but the time suggest note worthy. the question is announcing in
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charleston, today will steal the candidate in staw polls or alienate future caucus goers in the hawk eye state. in a fox news poll taken in a week. perry placed second only to mitt romney who was campaigning since june. perry and rom no were the only two candidate to receive double digit support. twen year in elected office. perry may face where skeptimism runs deep. but his 111 year tenure overlapped a period of job growth in texas and could be for half of the jobs create in the u.s.. more than 900,000 new jobs created in texas between the years of 2000 and 2010 . neal, people here are saying
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the upcoming election is all about jobs, back to you. >> neil: thank you very much johnathon . congressman out west. he joins us on the phone. congressman how would governor perry, big on jobs and you in your fine state are particularly concerned about the union tries to prevent boeing from providing a thousand jobs to folks. would rick perry be in your corner on that? >> guest: how are you doing, neal, good to hear fru. i think rick perry is proving himself to be successful in incent vising job growth and that is the position government should have. any time you have somebody who comes down from washington d.c. and government creates job. you need to run away. if government is growing jobs that means they are growing it
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is government. they have to set the right tax policis and economic policies and so that we can grow jobs and those conditions have to be set. >> neil: it is a tricky balance, right though, congressman. your state's new governor rick scott is cutting the fat and going to the bone and his popularity ratings suffered measurably. i am wondering if there is a boomerang affect. oh, gosh, we have to cool temperature we can't go too much too fast. what do you say? >> guest: going back and looking at it when i was a commander, there are time when you have tough measures and training in that nature and your soldiers complain about it but in combat, they'll see the policies that you implemented and training that you were able to execute prepared them for combat and they can be successful. you have to look

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