market trying to. find out what's really happening to the global economy with mikes concert for a no holds barred look at the global financial headlines tune in to cause a report. from our washington d.c. and here's what's coming up tonight on the big picture as the new debt limit deadline approaches the g.o.p. lays out their demands to go along with raising the debt ceiling and you can believe or maybe you can't but more spending cuts aimed at the middle class meanwhile the capital was constant has a very striking resemblance to a scene from the one nine hundred thirty s. great depression is on how long the walkerville plan to stay put and it seems the network that calls itself fair and balanced it's actually low and struggling at

least in the ratings department so i can spot so-called news suddenly in the dumps going to be that america has finally seen through the right wing spin. you need to know this there are new twists in the ongoing debt limit debate and closed door meeting last week president obama set a drop dead date for a debt limit increase of july fourth in response more than one hundred republicans in the house of representatives were letter to speaker john boehner instructing him on what he should be negotiating for other words it's like a ransom letter but a man's of his large minority of house republicans include seven hundred billion dollars in spending cuts targeting mostly working class families these fringe republicans also on statutory spending caps to hold for. spending and no more than

eighteen percent of g.d.p. currently federal spending accounts for about thirty eight percent of g.d.p. so we're talking drastic cuts and finally here's the kicker publicans want to pass a balanced budget amendment that handcuffs our government from spending in the future and requires a supermajority for any new tax increases a move that was effectively in trying the bush tax cuts into american law indefinitely as the letter reads the fast approaching debt ceiling vote gives us an opportunity to make a bold statement to the american people about what direction we want our country to go seems the direction republicans want to take us toward is the libertarian paradise of somalia so why is it that as the clock nears midnight to reach a deal on the debt limit republicans who are coming out with a new list of demands that sabotage any hopes of bipartisan negotiations could it be that they don't want the debt ceiling raised if they want the economy to tank to make president obama look bad in next year's elections after all isn't that exactly

what senate minority leader mitch mcconnell said he wanted to do after the midterm elections last year. but our top political priority over the next two years should be to president obama second term joining me now to talk more about this issue is john nichols washington correspondent with the nation magazine john welcome it's great to be with you to great to have you are the republicans trying to crash the economy some of them are some aren't look the republican party is probably the most divided political party we've seen in modern times you just saw it play out in remarkable ways on the votes on afghanistan the patriot act where john boehner was scrambling to poll barack obama's but out of the fire and so the fact well and his own and his own he was afraid the dennis kucinich right resolution would actually pass and so you have to understand this republican party is not a disciplined party they were very disciplined going into the two thousand and ten election now they're polling in a lot of different directions and surely yes i can guarantee you there's a group of republicans who would gladly get together. and say anything we can do to

defeat barack obama anything and that includes stirring up economic trouble but we have to understand there are also republicans who are very you know true believers in their responsibility in their duties and so for bame one. i'm not going to struggle through our but i would say olympia snow. is pretty limpy snowe susan collins yeah i get it maybe even and maybe even john boehner and what about dick lugar you know i know that a couple of these guys behave like you and here's all three but in the house of representatives harder but here's the here's the deal and this is the important thing to do john boehner this is all about john boehner this guy's got to grow up he's got to be an adult and he has going to have to govern. he has a majority but he has the discipline and if you want to look for an example of how to do that look at me and see pelosi she disciplined a really tough majority and see closely though worked seven hour seven day weeks she worked ten hour days and the buzz that i'm hearing in town i don't think i'm

talking out of school is that john boehner works a four or five hour day or six or seven at the most i'm really likes to show up in the evening at the clubs and hop down a couple of i'll put a little bit famous person out on the one of the decks of the capitol sunning it midday so you know this is a guy who has has not shown the personal discipline or the political discipline to be in the position he's in he's about to face one of those great tests and frankly i think he's a very great risk of failing if he does he's going to do his party a lot more damage that he doesn't sell well that's that's i guess that's the question if the republicans succeed in not passing the debt limit and moody downgrades are our bonds and you know the chinese or other sister if lean from them . it could be a real mess now the flip side of that is this this packwood letter that you have brought to you here the from the office of management or the g.a.o. the general. probability office saying this was back in eighty five.

in the senate and there was the same debate going he was the man to i mean if you're ever visit before i got in trouble yeah bob packwood was the man he was in that position where he was chairman of a fine it's like him or not he was the guy who basically deferred to an awful lot of financial issues and so he goes to the. you know if if we don't raise the debt ceiling can the government do some can can they choose to pay the treasuries so we don't default and just not pay whoever we decide not to pay like for example well i would say to obama right now how about not paying any federal highway funds education funds etc to any states whose entire congressional delegation has voted not to raise the debt ceiling which is probably ten fifteen states the western states to be honest and oklahoma while i mean let's you know get this one you're going to understand what we're talking about here if the congress fails to act and

they essentially d. for the executive branch to act unfortunately they've done that on issues like war and peace they have not declared wars and they have allowed barack obama to do as he chooses spent an hour on renditions or traditionalist is on now it appears they are considering deferring to barack obama on the economy on the whole of this fiscal policy i mean i got very much that the end of the day they'll do that but frankly if they choose to my sense is that barack obama then will face his own test and that is because he choose to go over in the way that franklin roosevelt or lyndon johnson would have while the amazing thing is that this might open up that opportunity for him i think frankly he had that opportunity the first six months of his presidency he did not use it and then the moment was caught the political capital was gone and it probably won't reappear until after he's reelected assuming he is or if this kind of crisis they are about how there is a there's a there's a history. all reference point here

a gentleman named bill clinton when when they got into that shutdown the government moment bill clinton won that fight and it actually gave him quite a bit of space for a number of months i'm not going to suggest that he used it as well as i would like to to use i push after. the s. and moments come and president either seizes them or he becomes a kind of a second tier president not one of those great leaders but one of those ones that you know we kids after number rise their names you know it's very interesting to consider this is just very quickly the last minute you know what would happen if this list of demands is met the federal government basically becomes like the states that it's madness and in fact frankly it would be maybe the tipping point that would actually bring tens of thousands hundreds of thousands of people in the street on federal policy we've seen it in the states people have got incredibly charged up tomorrow national nurses united and other folks are going to be here in washington trying to put forward some of these issues in a big way my sense is that if these sorts of demands really were into play you

wouldn't have thousands you would have hundreds of thousands at those rallies because the people do get it i think you're absolutely right john thanks for the great to see you thanks for. never in the history of the world as a nation cut its way to prosperity after world war two when our debt as a percentage of g.d.p. was far higher than it is today president harry truman and republican president dwight eisenhower used government spending to grow our economy out of debt republicans know this they know spending cuts will harm our economy yet here they are pushing for cuts anyway because as mitch mcconnell said making president obama one term president and not fixing the economy is their number one priority. is jon stewart singlehandedly bringing down fox news. as part of the recent nielsen

ratings the daily show averaged two point three million viewers and nineteen percent increase in the month of may alone and a number that beats every single show on fox except o'reilly but o'reilly's poll of the top may not last long either it's viewership dropped nine percent last month along with most of the other shows on fox especially glenn beck show that saw its ratings plummet seventeen percent overall fox viewership is down ten percent oksana photo news bubble for angry white guys with air france on guns gays in the war on christmas but now those same angry white viewers appear to be thinking about economic issues as they lose their jobs and homes and phone users only solution is tax cuts for billionaires like murdoch so even though the daily show is primarily a comedy shows jon stewart himself often points out more people are getting their news from comedy central than from fox so-called news is this a sad commentary on the state of american media and the battle for news dominance is between a right wing propaganda outlet and a comedy channel here to offer his take on the issue and other issues of the day is

dan gainor but its president t. boone pickens free market fellow with the business and media institute and apparently our in-house authority today i mean or did. you thought of gladly not an expert but it was the horrifying breath conference i was always amazed when you go after fox i can never decide whether you want to want to pick fox as the great sea or the new depicted as something that you're going to easily squash i don't you're going to harry you comparing it to a comedy show that's like comparing ed schultz to america's top model when everybody wants to get that you have to go there i have no problem with i have no problem with advocacy i mean i'm doing a program right here you know we're we're i'm advocating your position my problem is the word news and their name i just think you know if an organization is going to represent itself as a news organization they should just get news you know i mean look all the other networks them don't don't do the exact same thing they do it at worst every news.

there is news programs are about news every organization in the world has you know that the news organizations dues and commentary fox's news and commentary big deal you know there is no there is no difference but as far as a commentary unlike the c.b.s. evening news he received no you're absolutely commentary and they were pretty out of the also going to be later shows through the weekend shows but there is because it is part of the c.b.s. news reports a.b.c. news reports this is you know these are products of news organizations they have news people running them christiane amanpour you know goes on this is not offering up in history is she right if you watch that show while she goes on somebody else's she knows she has reruns it's the sunday show that the whole concept is that it's a news talk that pinions and shouldn't should we be concerned about that shouldn't i mean there used to be a time i did news back in the seventy's in michigan and the station that i worked at this was you know back before reagan blew up the fairness doctrine and clinton said it's ok occasions that if i even talked to the sales people in that station i

would have been fired because i was news so now we have more free speech why is it that well it's not it's not free speech or this is so that would really news department could you know because we knew that regardless of what might be happening to our advertisers in the in you know in the news we would report the news period and now you've got news where the company that owns the news you know the news divisions of course are now one of the entertainment of the ends of the network and so they're instead are running news stories they're they're writing stories about the big movie that the parent corporation just you know has coming out next week and people but it's a free markets people get to choose this is what they want to watch and what you don't know what it's all yes and no i mean there's there's there's not that much real news out there it's mostly infotech it's well i mean i agree it's a lot of americans one in four to move america do we're in for things with the leader but wasn't jefferson right that you know if we don't have a well informed electorate we're not going to have a functional democracy and isn't to a large extent that we have a dumbed down electorate nomads. but there's

a lot of people to blame for that i mean american public is partially to blame because they choose to watch what they want to watch the you know you look at networks like n.p.r. or p.b.s. they do a lot of the same thing and they've got opinion mixed in with their news as well there's no you know the left just side against fox and then there are crowing about the you know the decline of rigs in the network so so people are going to start watching his show is he this is is he going to do a poll parrot robertson because we thought it was a week i think is doing and he said he realizes he can go start his own network he's a he's a celeb he's got he's he's a multimedia journalist or news commentator every week only how he believes his his website is doing dramatically so you know he's just realize he can produce books he can get what he called first as was he didn't he didn't care about politics he was he was in it for the money you know he made thirty eight million bucks a year well he's not just in it for the money clearly he's not just out of the

money anybody whom he thought it was a television record what a lot of what i'm going to televangelists anybody who's a television talks about the road to serfdom is not just in it for the money i mean that's not a that's not a fun book you know but oh let's let's drive the record public to read something he's not going to pick the road to sort of thing which is kind of wonky economics any of these groups are totally to occupy still pretty pretty he didn't get to the heart of amazon dot com just talking about well that's not that's i mean not somebody who's simply in it for the money well i mean you can say the same thing about jon stewart every time he interviews an author they're both because just you know up on amazon it is just it's really not what i mean he will put some people on here is worth ten cities cities news you know fact he goes out of his way to point out that it's not substance i did it is i'm sort of different and i just i understand it are we seen i mean with this anthony weiner spectacle we're going back to when he said you want to come in the u.s. everybody is kind of creeped out about it we have to run through a theory that. but it would that men bill clinton and the whole thing i mean

haven't we gotten haven't we moved into kind of a world of bread and circus it's all you know what do we have the people who entertain and you don't have to worry about what we have moved into a mere fact that you use something to tell you two thousand or twenty five hundred year old reference means we haven't just moved into it we've just you know continued it i'm going to says he is that really the best is that the part of the roman empire we want to emulate always is you know collegial is saying if you give the people enough bread you provide them with a regular service you know if it were only going to human beings are human beings and they like to be entertained i mean that's why people watch. the voice or what you know whatever they want to talk through television they want to be entertained and so sometimes news is entertaining i'm just i'm just wondering what happened to the nation that tocqueville wrote about well i mean you're the average of these are when you knew more about european politics that you would a little results were the information overload you were and i mean that is a large part of the problem and i mean your previous guest has written about this

and i've seen him speak about it you were an era where there's so much information where i think people just sort of loans default of the day stuff and think the fall too you know of the classic. all politics is local before the fall to what matters to them so that entertains and something affects directly into their lives but a lot of this bigger stuff they know doesn't affect them no i think dan i think it's i think you're close to something here it's it's odd that i'm not shouting it from its face for trying to decide who i said i will tell the person for this but it will happen so as jefferson repeatedly noted that without the public being fully informed about the issues of the day our democratic republic can't work great frankly now more than ever jefferson's words ring true. it's time for a daily poll your chance to tell us what you think here's today's question the facts news bubble for angry white men bursting your choices are yes the daily show is averaging. one thousand percent increase while fox viewership is dropping or no

one's going back leaves at the end of june fox will read about but i've got to. let us know what you think hold the open till tomorrow morning. after the break i'll tell ya democrats in wisconsin are pitching ways to fight back against a radical republican rule. that's fine with twenty four seven live streaming news tells what to do about the ongoing financial hurricane unlimited free high quality videos for download. and stories you never find on mainstream is. going to be so. political. posts and more aren't done much to stand.

for. a tent city is springing up around the state capitol in madison wisconsin to protest governor walker's radical right wing budget plan wisconsinites is set up with they're calling walkerville a take on the hoovervilles from the great depression more than one hundred tents were pitched by nine pm on saturday night and some people plan to stay camped out through june twentieth for as long as it takes to roadblock governor scott walker's middle class and gender elsewhere scott walker's agenda is costing. the republicans

their jobs or may as recall actions against republican state senators are slated to begin next month but it was concert public and already has a dirty little scheme to combat the upcoming recall elections as a letter from a republican party chairman read we need to make sure democrat challengers face primaries to allow republicans time to mount a campaign as in they need to run fake democrats in local elections to disrupt the real democrats from winning so as the people in wisconsin are trying to throw republicans out of office of the recall elections wisconsin republicans are trying to undermine our electoral system so are there no limits to how low republicans will go to hang out of power in that state for more on this i'm joined by might hate sconce and democrats welcome mike thanks for having me great to have you with us first of all hoovervilles walkerville tell me what's going on with this story is this just you know some kids who are having a good time camp in the park or is this turning into a major movement it's turning into a major movement it really is sort of you know in addition to all the things that

are going on in wisconsin people just you know felt the need to speak out especially people you know in madison that don't have a recall elections right in their district this is really a way that they can get involved to really make a statement that scott walker is budget is ruining the middle class in wisconsin is it hoovervilles back when herbert hoover was president yeah the great depression were made up of people who were homeless people who were unemployed and homeless and i'd hate you know it was a camp on the lawn of the white house or wherever i mean actually there were holes all over the country. and some of them were not done with enthusiasm i mean some of them literally were just kind of handmade slobs that were referred to as who are bills is this if you know what's the make up of the people who are doing this these are people who lives would be directly impacted by this serious if your project cuts that scale walker is proposing or there are people who wouldn't be impacted but know people who are just cared deeply about was going to kind of values that

are getting thrown out the window you know you still have a great pub we have a great public education system in this state. is proposing a billion dollar cut to education you know we're talking about not having our garbage picked up on a weekly basis anymore we're talking about you know laying off thousands of state workers in this really is. a pivotal moment wisconsin history and he's doing all this so that he can pay for tax cuts for millionaires and billionaires do have that right yes he's in the about of the tax cuts about the same as a lot of it is the and he actually raise taxes on the working poor last week by eliminating the earned income tax credit so i mean it's really it's doing the same thing reagan did reagan raise taxes that working people love in times and cut taxes of rich people three times during his very similar well he's compared himself to ronald reagan most notably in a taped phone call that he got pranked with david koch so i mean it's not abnormal to think that he has cut taxes for millionaires billionaires and corporations and raise taxes on the working poor and then propose a slew of cuts that go right after the poor and the working class the. the the

recall elections yes the six republican senators in wisconsin have been certified by the secretary as have the recalls that the republican party tried to initiate against a number of democratic senators have not been certified what's the deal what's going on here well the reason the recall elections against the republicans have not against our three democrats and been certified is because we have found and have hundreds of affidavits confirming thousands of fraudulently obtained signatures you know there is a signature of people in there and. one district they went to a native american reservation and said that the people that sign this form or signing a form for tribal rights some people were told they were signing a form to recall governor walker people that are out now allied to the republican party hired out of state you know fly by night operatives to come in and lecture theatre of signature gatherers many of whom had criminal records and some of them even committed crimes in wisconsin sort of the holy grail of crimes someone stole a backpack at lambeau field which is not the way to ingratiate yourself the average

response and it's incredible and they really have so these six republicans who are who are up for recall and i think these are the pictures behind us here. what are the odds of this happening then and i mean we we thought that with the state supreme court we were going to see i realize it's a nonpartisan race essentially the woman who was the democrat was going to win and at the last minute one of the very republican districts hey look at all these ballots we found just enough to flip the election to the republicans. are we going to see the same kind of stuff i am sure that the republicans are going to try their usual tricks and fraud and you mentioned you know the shenanigans they're pulling with putting democrats running republicans by as democrats in these primaries to try to buy more time but you know we have recruited excellent candidates to run i think the republican party knows that if you actually help the day they would lose the majority of themselves like twelve they'd lose a majority and buying them an extra four weeks i think is just going to delay the inevitable which is the democrats are very likely to retake power in wisconsin

because of scott walker and paul ryan's radical agenda now. in california in oregon in actually in a number of states the damage that republican rule has done has been in grave things like requiring super majorities from the legislature to pass tax increases whether it by politicians or by constitutional amendment these are things that are not easily undone you know. to what extent if these if i just takes three of these senators being thrown out yes to what extent can the damage that walker has done so far be on don and to what extent can it not be undone by this election if it was i suppose there is going to be continued fallout from the things that scott walker is rammed through this legislature regardless whether we take back the legislature or not i think the most important thing that'll come with picking up at least three seats for wisconsin democrats is putting an immediate stop a check on this runaway abuse of power that we've seen scott walker and republicans

doing in wisconsin i think that's the most important thing and then we are going to have to go to work and win a few more elections recall governor walker which i believe is going to happen next year to really make you know roll. back from the awful draconian changes that spell walker has made in wisconsin there well and hopefully that will go viral and michigan and ohio and indiana and i think what happens in wisconsin is going to be a bellwether for republican policies every one of them from your lips to god's ears mike thanks so much hank you great heaven he was right all the pro-labor protests in wisconsin have been affective in raising awareness of the republicans a radical austerity agenda protests in europe against the same sorts of policies are growing bigger and bigger over the weekend there was a major uprising greece one of the nation's hardest hit by the banks global take down of the financial system in two thousand and eight more than fifty thousand people gathered in central athens to protest their government's austerity measures there transnational corporate tax dodgers their bankers who crashed the system and their corrupted politicians who are letting everyone get away with it on tax

corporate earnings make up about thirty percent of jews reeses g.d.p. right now greek politicians facing massive budget cuts and deficits have turned their chainsaws on working class safety nets instead of corporate tax dodgers similarly here in the united states republicans are bleeding working class families dry with enormous budget cuts and trying to rise medicare at the same time they won't touch corporate tax dodgers other than to consider making their tax rates even lower and they won't throw bankers in jail so the only difference in greece in america seems is that there are fifty thousand people protesting outside congress today here in the united states. maybe it's time we start. crazy alert road rage lies sardonic irony and the lack of american history knowledge where the only things to define surveillance recent bus trip up through the american north east coast reckless driving can be added to the list now

journalists following the bus tour report of the illinois road entourage routinely broke traffic laws often speeding twenty miles an hour over the speed limit rarely stopping at red lights or bothering to signal their turns and pale as busking nearly killed a biker in philadelphia just barely missing him after one of its harrowing high speed turns let me guess sarah palin instructed her entourage to paid no attention to local police as gotcha traffic was way i mean told we just received some behind the scenes footage from the bus let's take a look. at all. this is much. less just so if there is a sequel to this pale in adventure we all remember how that one turned out. coming up the competition for summer jobs just got even tougher for teenagers they're now

battling for pay against people their parents or. what drives the world the fear mongering used by politicians who makes decisions to break through that sort of been made who can you trust no one who is in view with a global missionary see where we had a state controlled capitalism is called satchels when nobody dares to ask we do our t. question more.