tv [untitled] February 14, 2012 1:18pm-1:48pm EST
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and this is not a responsible budget we have to cut spending spending has increased when obama took office two point nine trillion it's three point eight trillion the new budget proposal it keeps it at three point eight trillion in this fictitious world of a budget but we have to cut government period and you have to do it from military spending you have to do it from medicare you have to do it from social security have to do it from the department of commerce which got the biggest boost of any department in this fake budget being being smart is kind of where we have to go right now and being smart almost certainly means we have to spend less money we can't we can't be for a better tomorrow tomorrow as i think a pac is named right we're going to have to be a better tomorrow today and it's folks that are being born now and folks just a little younger than us that are being that are going to be screwed by this budget are running out of time and there is nothing more things they want to add really quick too i just want to get your idea this dividends tax. upping it a little bit making it tax like just like normal income i think that's probably a prop popular idea right now what do you think it will be popular and has no
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chance of being passed whatsoever there's an argument on that it happened right but keep moving. yeah ok not happening and what we saw this weekend too is we saw mitt romney win see packin then we saw rick santorum come out and say you know he was doing something wrong there same thing in maine we saw ron paul come out and attack mitt romney and say there is something a little sketchy what does that mean is that what it's come to where there are still you know starting to point fingers and say everyone is cheating all the time the straw poll ron paul one of the last two or three years it actually really doesn't matter although it's interesting main this is people because everyone's going to the cheaters that are not going to have any bit of momentum right now romney can't hold every time he gets a little lead something happens and he gets pulled back down and so he's looking for any little thing that he can do and of course he's going to go after the c pac straw poll just as a media were talking about it now and that that's kind of what he needs we're heading for towards a divided convention hopefully i mean if we're if we're all lucky and so they're going to scrabble for everyone what happens then i think you know it could yet be interesting centaur and once we get the gay and lesbian activists see what they
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really can do and also know where there's a high to get it are you getting so much for joining us on our monday hangover are we taking a break but coming up next a great parliament voted on strict austerity measures this weekend as tens of thousands of people in athens took to the streets i should say things got ugly so discuss the ramifications after the break. this is not the politics but a culture. this could. cultures of resistance on our team.
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more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are today. well while u.s. lawmakers debate as to whether or not sterrett is the right path to take in greece the decision has been made in order to secure a second bailout of over at least one hundred thirty billion euros she calls about hundred seventy one billion dollars the greek parliament this weekend passed a series of strict austerity measures that includes cutting the minimum wage laying off one hundred fifty thousand government workers over the next three years fifteen thousand of those to be immediate and
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a bond swap plan to reduce the debt greece owes to its private sector creditors by about one hundred billion euro so how do the public react in greece with massive protests and riots more than forty buildings across athens were set on fire over the weekend protesters hurled rocks of the parliament building and police responded with tear gas and arrests and some feel that the greek economy is being gutted to appease the banks the question at the end of the day is will any of this even be enough could agree still effectively leave the eurozone entirely too many say might plunge the entire global economy back into recession joining me to discuss it is to me to feed us producer on capital account and from our studio in los angeles now a friend senior fellow at demos and author of her latest book black tuesday and i thank you both for joining me tonight dimitri i'm to start with you because i know this is also a personal for you you know being from greece having family is still there what's going on right now. but it's in a depression so they say it's a fifth year of a recession because of depression. businesses are losing customers are closing down
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money isn't circulating basically the country is in a liquidity crisis but they don't have anyone to bail them out so people are going to be forced to sell more and more of what they own the car the country it's a it's a structure of the country it's it's bad it's a depression i don't know me how do you see this to you know is this something that's being completely imposed from the outside is this something you know that's appeasing the banks appeasing germany and not doing what's good for those inside in greece. well it's obviously that's not doing anything good for the population of greece you see that from the people taking the streets you see that from the fact that unemployment keeps going up the housing there keeps going down that i agree with dimitri and it has been a depression i think many countries in the world including us are in it in a variety of depression but in greece it is more acute because they've had such as an extraction of wealth because of having to bail out bondholders to bail out those that are backing derivatives contracts to bail out the largest european and
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u.s. institutions who have managed to convince the world that if greece falls the entire financial economy they don't really care about the global population economy will somehow unravel and all hell will break loose and the reality is hell's breaking loose right now on the streets of greece and it's because none of these a sterile measures actually will help the economy grow enough to have enough money to pay back the debts that it's having to take in order to get itself bailed out for the bondholders and it's a circular problem because the more bailouts that greece is subject to and the more austerity measures that are connected to them the worse the economy of greece will continue to do which means it will be unable to pay back the bailouts this current bailout is really in most instances a way of paying back the last bailout that didn't work for the economy of greece now obviously greece is a bit of a different situation than the u.s.
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right and we have our own central bank we can essentially bail ourselves out if we need to but do you think that we would ever see something similar if strict austerity measures were to come to the u.s. would we see people rioting on the streets in the sense we're good i mean a. difference is but i think the common theme is that you have a class of all of that are getting wealthier and the masses that are getting poorer and that extraction is moving the wealth from the bottom to the top and the same mechanism of what is at work in both. so you just you're just seeing the first symptoms in greece and greece has some unique problems that make that just right that worse but of course i think you can see the do you think i'll think right so this is going to get greece where it needs to be before march right before they would default this time around so they can get this second loan but is that still by any means going to be enough to you i mean do you think some people out there would just say that greece should exit the euro zone which gets to this to happen well because the government and the people in the government to where they need to be doesn't get the people where the people are in
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a depression the people who are pricing in a depression which is why they're not investing the money isn't circulating that's not going to change so i don't think that. the thing is i think that well i think the question is the fault whether they want to continue to use the euro or not is a completely separate question entirely in my in my view and i don't see any reason why the euro you have a lot of contracts written euro as i don't see why private institutions in greece should have to necessarily not continue to use that if the government to print money can print whatever but i think that the real of the day it's that they need to reach a bottom they need to get it to right in a bottom if they don't have a bottom no one is going to take the next episode investing and putting capital back in right now capital flowing out of the country but moving out you see it in deposit flight you see m three contract in greece every single month so that's not going to change until people say the worst is over and the war will be over until there's that big bang which is what everybody keeps saying if you have going to be going to see street they say we're waiting for the explosion now i mean you know you bring that up there's something interesting that they had on credit write downs
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today because at the moment they're telling greece that you have to get two hundred twenty percent of your debt to g.d.p. ratio right but that's still it seems like this crazy number but they suggested that well you know that's where italy is so if they tell greece that it's unsustainable for greece to be any higher than where italy is which is the most part considered too big to fail at this point then what does that say for italy which really would have massive global ramifications. i mean that the problem with all of this is that and greece is the most acute right now is that when you have capital flight like to me to is talking about and you have external bailouts that basically are plugging the hole in order to make good on the capital that invested and that is now leaving you are in a bottomless hole you're in a bottomless pit and you continue to go down because the cost of your debt continues to rise every time there's a possibility of not being able to repay it and so then you go into a bail out situation you have negotiations with your creditors and you reach some
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cider and sort of a deal and then it happens again because none of it's enough to instigate an economy that's being bled dry to grow in order to pay back its own debt and italy is just not is acutely suffering as greece is it hasn't had the same capital influx and flight happen as quickly both ways as greece did so what's happening in italy is more of a slower burn than what has happened in greece but the pattern is still the same the pattern was that italy was doing fine until two thousand and seven two thousand and eight and so was greece they could pay their public workers they could have infrastructure projects they had capital coming in to invest in the capital came in came in too quickly and too much and then it fled more quickly and everybody is trying to repay the capital fled the bond holders that lent money that want their money back the derivative contracts on top of that it's the same thing in italy just just on a milder scale it's the same thing in spain on
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a milder scale it was the same thing it is the same thing in portugal on a milder scale it's capital that is leaving that wants bailouts that get scared whenever it might not have a bailout that dumps on the country more in order to ravage its infrastructure further its cheaper levels and that ultimately hurts the populations of those countries don it's something that we're seeing really almost widescale i got a. any last words thought i. think that's that's affected some it's not that complicated it's pretty much what would you do as an individual when you see x.y.z. happening and that's what's happening on a massive scale i want to thank you both for joining us tonight. and we have next in the sound of things that i read it and he said tony shaffer about this damning unclassified report from the senate colonel.
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ten thirty pm in moscow the zero headline russia's foreign minister voices fears that a repeat of the libyan scenario would come to pass in syria sergey lavrov says a number of alleged incidents could be used as a pretext to justify foreign intervention against the regime and about. russia's military predicts the west might decide on a strike against iran before the summer anti-riot into rhetoric intensified after israel accused the islamic republic of being behind monday's attacks on diplomatic
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personnel and today's blasts in bangkok. a fresh wave of downgrades sweeps across the struggling euro zone six nations get their debt ratings cut by moody's all this while greece faces further bailout hurdles from the e.u. despite its latest harsh austerity plan that calls public outrage and mass right. part two of the alone a show coming up stay with us. hi guys it's time for you said it i read it right take time to respond to my brilliant and engaging viewer comments from facebook twitter and you tube because we've got some to say i listen now first order respond to a viewer that watched my interview last week with jack rice about u.s. lawmakers support for the state department listed terrorist group of the emmy kay during the interview brought up the fact that people have been tried for providing material support to a terrorist organization just from posting
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a video on you tube while u.s. lawmakers are actively speaking on the make. behalf and lobbying for their delisting of you are mr mix the chasm exam me asses and you to please tell me who has been tried and locked up because of posting a video on you tube and what was the video that was posted while here's one example just last september pakistani born jew bara was twenty four years old a native of pakistan and a resident of woodbridge virginia was arrested for providing material support for the terrorist group. a state department is designated terrorist organization and he's accused of producing it uploading a propaganda video to youtube on behalf of. just putting up a video that's just one example in two thousand and nine a staten island businessman named job it was sentenced to nearly six years in prison for assisting terrorists by providing satellite television services to hezbollah's television station so those are just two examples of the many people
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that have been arrested in the u.s. for providing material support to a terrorist organization all u.s. lawmakers openly advocate for and support and so there's no way around it there are double standards in our justice system for those in positions of power next i want to respond to a viewer that is offended by my comments about whether or not whales should be given the same constitutional protections against slavery as human beings. remote lodge and said on facebook shame on you promoting animal abuse and making fun of their suffering and misery you hate animals we've got that and that's not a reason to make fun of their pain while you're sipping on your damn martini so f. off and leave them alone peta annoys you good you said that over and over but you're annoying the whole nation making fun of animal abuse doesn't make you cute because you are not and doesn't make you funny because you are not so in all caps leave animals alone now first of all sorry for any offense that i caused anybody i certainly don't intend to make fun of the suffering of animals i'm also pretty sure
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the my rantings against some of peter's more absurd efforts are not annoying the whole nation only i had the attention of the entire nation to be something now as for me thinking i'm cute and funny and for all the cursing directed towards me when i'm just getting personal but no seriously obviously i don't condone the abuse of animals i also don't agree with all the people tactics that p.j. uses them british or there are a lot of people out there that are turned off by that but attacking peta doesn't mean that i'm making fun of animal suffering now finally i want to respond to a viewer watch my fireside friday on self described liberals support of the policies of the war on terror from drone strikes to targeted killings and d.h. does comment on you two alone it is one hundred percent right as a real liberal former obama supporter i can only look at those who support his administration's lies and fear mongering as useless and pathetic you know i think that there are a lot of former obama supporters out there who listen to the president on the campaign trail when he railed against the war on terror policies of george w.
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bush and believed i had it but what we've seen from the administration is not only a continuation of the bush war on terror policies but a massive and scary expansion of them so you can make excuse after excuse for obama as many do but that's the truth and so i think that it's time that some of these self described liberals that support everything from get to drone strikes against u.s. citizens need to realize that so it's of my rantings today but i'll be back with more as usual later in the week. while certain areas of defense are taking cuts in the new pentagon budget from troop size to weapons system one areas getting beefed up is special operations now we knew this was the course after the president's latest strategic military review but it looks like admiral william mcraven who leads the special operations command wants more according to the new york times mcraven is seeking more author ready to move his forces faster and without going through the typical pentagon process for overseas deployments so essentially making
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it easier to move more forces abroad is that a change of the pentagon bureaucracy needs or doesn't open the door for less accountability more dishonesty which as lieutenant colonel davis has report shows us is rampant in the highest ranks joining me to discuss it is retired lieutenant colonel anthony shaffer senior fellow for the center for advanced defense studies and pact america also author of the book operation dark heart tony thanks so much for joining us tonight and i mean i i know where you stand i know that you support more use of special operations right of smaller more targeted more purse projects or operations out there but do you think that there needs to be. more room for william mcraven fratto mcraven you know to do this without necessarily going through off the channels no i i'm very satisfied that the oversight currently in place is necessary for the very reason you brought up. colonel davis and his report points out that without proper oversight officers will tend to do the wrong thing
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at least at this point in time so you have got to consider the worst case scenario i have a second thing to consider here is that we have a lot of regional commanders who already are engaging in a number of white world special operations activities we want to make sure those things are coordinated so having german are adamant what raven just kind of going off the reservation doing what he wants may not sit well with the folks actually doing the hard work in the region and more importantly trying to skirt oversight is never a good idea we end up with iran contra. all sorts of things which we don't need at this point time in our history special operations is the way of the future but again oversight is necessary inquired to make sure that they do what they're supposed to do. but what do you think the chances are that he's going to get what he wants. oh well i don't know at this point in time i think a lot of folks are looking very hard at the authority special operation grant already has but the problem is congress has been a and yes mood lately and this is one of those things that everybody agrees special
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operations should be doing a lot more the question becomes how much more and how much do you do we keep track of them i think we should keep painful track of them i ran with these folks i run a lot of operations which are still secret they've never been disclosed nor will they ever i feel very comfortable by the fact that these were briefed to congress every year i just want to see that that level of scrutiny and oversight maintained if you allow someone to kind of do what they want and report afterwards you always run a risk of improper operations and frankly one of the things are always worried about is the violation of u.s. personal rights which is more and more with the n.d.a. currently in place more and more threatened every day. that's when i really want to get into this report to you and i spoke about last week you know lieutenant colonel dale davis and i went into a lot of the details at the top of our show tonight and you know quite honestly it's it's a really great report now that i've read this entire thing that i've seen it it's
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a really powerful damning assessment but why i don't think that it's making bigger waves i get it that it was posted on a friday night right out of the time of us that doesn't travel far but is a big deal this is no real meeting tomorrow on the air with folks we have a plane coming up to actually make sure that the issues are looked at realistically . this is not going to go away i think part of the issue right now is we have so much focus on the presidential election and the second problem and we talked about this for this isn't a volunteer military so no one is not really and no one really feels all that worried about when the war in general most american public wanted to they get that but it white house now announce are drawing down next year and that is now is that we're going to be out of there by thirteen so that some of the folks saying well we're already kind of moving in a direction why why move it up quickly but in my judgment we the pentagon knows the american people a plan out of the plan of doing this how do we plan on drawing down and how do we actually plan on dealing with the real issue which is the pakistanis so these are
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the things which are t.b.d. and i'd like to believe the davis report will continue to keep pressure on the right folks both on the hill and also at the pentagon again this is not over yet there's a lot more to come right so let's get into you know a few the details too that were in this report and very much the way that he puts all the pieces of the puzzle together and why afghanistan is failing so much and he talked about the idea of why the surge to afghanistan seemed like a good idea well because general petraeus was heralded as being the one behind the surge in iraq and nobody wants to question general petraeus anymore but then he goes into this entire breakdown of exactly what it was and this transformation that we saw in terms of the internal conflict in iraq right and the sunni i guess you could say insurgency of the population deciding to work with u.s. troops do you think that's a part of the story that's often untold or not discussed. well i agree there the whole myth of iraq needs to be examined separately that's part of this that there
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is so much momentum coming out of iraq with terrible trace and his crew saying well we can cure this using the same basic tools we use in iraq it's just not so and frankly i was insulted when i first started talking about the idea of doing an afghan surge which was very similar to the iraq surge because it's really apples and oranges so what we've got to consider here is the fact that we have a lot of people invested in the lie and that's one of this that's what it comes down to you have senior generals who have now banked on their career their future on a lie and once you've committed to that law you have to sustain that life so the line iraq led to the line afghanistan it's all in together and what you have is a fundamentally corrupt set of generals at the top right now this corruption is very similar to what we saw during the vietnam war with what's more than all of his generals so and by the way one of the things notable is these generals all joined the army after the vietnam war these are the late seventy generals they have no memory of the the vietnamese to be. so what we have here generals who have refused
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to learn from the past and are now repeating it and that's why we're seeing what we do do you think that congress is actually going to be able to go after these generals is there any will there you know. down there is also calls for congressional hearings to call these guys out right to make this more of a public discussion started sas not going to happen yes i got a call on friday from one of the congressman engel notifying me of the intent to do hearings and in addition another congressman come aboard frank wolf who is a very well thought of conservative republican who now is calling for a full investigation of this frank wolf by the way was one of the first congressman to believe me on able danger back in two thousand and five when i have great confidence and congressman will based on my experience with him once he gets involved as a mainstream republican i do believe we're going to see movement of the republicans towards. dealing with the real issue i think the democrats are pretty much on board on this right now they don't need to be pushed much but we've really got to get the
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republicans to look at the situation for the reality it is not through any political is look and must look at them what is best for the country not what is best for the party now. there's this report does at least name a few people that he thinks are truly you know are really truly have integrity right that not every single person that's involved there is corrupt he mentions martin dempsey how about you do you have any people that you think really stand out . well i know a number of generals who are very honest i deal with routinely i don't go into all the names about my people i deal with get it get them upset with me or get other people upset with them dempsey i do believe i mentioned dempsey i think he's an honest man i think he's been given a very difficult set of circumstances deal with i believe there's other all of us but members of the u.s. marine corps i know several generals in a marine corps who are painfully honest but i do believe that there is some level of self deception by general mattis and the current commander in afghanistan general allen so we've got to get past that we've got to figure out what is real
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what is not real and focus on the reality of it and frankly if offered so if danny davis report can prove that officers lied those officers should be held accountable as much as the u.s. marines are going to be held accountable for your knitting on the telly bought the the violations of integrity are equal so you can have a general lying about the reality and troops you know you're knitting on the telly but i think somehow all those things are related they're both failures of leadership and they must be both both individuals both for both violation should be held accountable all right heidi thanks so much for joining us tonight and thank you. time for a quick break from return train state from the side of your heart there for closure some of the finest in the budget now that people actually heard my housing prices have won that full time at happy hour santorum claims that his wife pro part of his book and i do like checkpoints unconstitutional i can talk about it often for.
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markets why not. come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report on our. guys it's time for tonight's tool time award and tonight because of three very special states wisconsin missouri and maine and you were last week we told you about the foreclosure fraud settlement with five of the biggest banks and of america j.p. morgan chase city wells fargo and ally financial were all ordered to shell over twenty six billion dollars money that was supposed to go to helping those families that were kicked out of their homes from two thousand and eight to two thousand and eleven or that are majorly underwater now as i said last week and i will say again that twenty six billion dollars well.
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