it's seemed wrong. to me you get to shape out just because you get educated and engaged with equals betrayal. when so many find themselves worlds apart. just to look for common ground. germany sets out to save a key cold war era nuclear arms treaty with the u.s. about to pull the plug on the agreement meanwhile russia warns washington the move could threaten global security saying it is ready for dialogue. american born iranian t.v. anchor visiting the u.s. is jailed as a material witness authorities now confirm a friend of the detained a journalist claims she has been mistreated while in custody

a mug shot was taken without bond that she was given. in contravention to islamic dress code. to attack that she wasn't given adequate thing. and u.s. president donald trump slammed say a report by buzz feed news claiming trump instructed his former lawyer michael cohen it to lie to congress. you download the r.t.a. app and follow us on social media to get the latest news updates no matter where you are we have an all new the big picture coming your way six. if you were born between one nine hundred eighty two and two thousand and four you have issues and it's not your fault on this week's show them all lendale quandary

but first your tax dollars squandered trying not to throw things at your t.v. when you hear actual examples of government waste and how one plucky governor said enough i'm hala cook in washington this is the big picture on our t.v. america. as you note the difference be. in the gross number and the net number on your pay stub you will wince when you hear that we spent one point two trillion dollars on mistakes and improper payments distributed by twenty federal agencies three hundred eighty seven billion on mistakes and improper medicare payments two hundred thirty four billion on mistakes and improper medicaid payments eleven billion mistakes in improper student loans and grants twenty million on luxury art work purchases one

point four mil on sex ed for prostitutes in california and one million on where it hurts most to be stung by a bee how about six hundred eighty seven thousand nine hundred eighty nine dollars on a meditation mobile breathing app. these are among one hundred examples of federal taxpayer abuse compiled by the nonprofit watchdog group open the books dot com how does this happen let's ask someone who has seen the government's sausage factory from the inside you know our boom bust host bart chilton as a former c f.t.c. commissioner he also served in the agriculture department and spent fifteen years on capitol hill working for members of the house and senate bart take us inside the congressional money machine well as you go through my history one it makes me feel old too as i tell people i guess i'm part of the problem but you know in all joking

aside i tried to call out things including waste where we could and that's probably part of the problem is that as government to go along you really do have to get along it's changed a little bit over the years holland but in order for people to bring home as it were the bacon to their congressional district some projects famously called pork barrel projects some projects which may be a very legitimate project certainly the ones you talked about some deeply suspicious but a project back home which whether it's a road or a bridge or a program may be really important to that local community on the national basis may not be so much but being able to get funding and show that you can actually bring home the bacon these projects to your district will certainly help you get elected and everybody all four and thirty five members of the house the hundred member the senate they understand that going in so it's one thing that they have over the

years and again less so now but try to work with each other and because there are feathering each other's nest sure take us in the room when that dances done described the process well in the house there's thirteen different appropriations committees and these guys are so powerful hollin they call them the cardinals the thirteen cardinals there is actually a very powerful staffer in the ag committee he caught was. the fourteenth cardinal because he was so powerful and have been there for so long but these cardinals actually they're the ones that have the final decision they usually work with the ranking minority member whether it's republican or democrat and i remember one time we went in on a very needed road which would had many dangerous can curves and killed six people including students on their way to my alma mater purdue university in indiana but the chairman said to my boss who is asking for a couple million dollars when she said i will like to explain things a little more he said well long as you understand congresswoman the amount of time

you speak is inversely proportional to the amount of money you get coaching we shut up we went forward well now you're being is the street you cover private sector markets and uncle sam's check sure don't bounce talk about how corporate vendors game the system well there's it used to be you could actually put a company into a one of these appropriations bills with one of these thirteen card bills and sometimes that's done if there's a legitimate reason but nowadays it's a little more subtle so you'll put something in a piece of legislation that will say. this amount of money shall be available to someone who wears a dark suit has a blue tie and a mustache and host a show called the big picture they don't name holland cook close enough for us enough and then when the agency whatever the department is in the federal government says well we've got to fund this thing well who is out there like this well i guess we do give the money to this holon cookeville what a guy

a wider angle shot because your show boom bust talks to a worldwide audience despite tough talk from trump on the stump the deficit now north of a trillion dollars is approaching the point where it's going to equal the g.d.p. what are the implications for the u.s. is standing in the world economy but we look sort of silly and that all those numbers are important in the air. annual deficit is a key thing like you say near trillion trillion bucks but mine the one that i talk about all the time is the total debt of the u.s. which is over twenty trillion dollars holland i mean this these are numbers that people don't even understand there is so large and it does make us look silly we cover on our program a lot of a budget debacle is going on all over the world and right now they're talking about a budget debacle in spending too much in italy and in france with those yellow best protesters that want more and more things and the u.s.

far out spends all of these nations by a long shot so we don't have much standing nope not much credibility on telling people they should be fiscally conservative because we sure as heck have not been through republican and democratic ministrations alike thank you commissioner bart chilton host of boom bust weekdays worldwide at four pm eastern here on r t america . president harry truman had a sign on his desk that said the buck stops here and yet the president of the united states has less power than it's governors to say which box stop one who's been there are two americas jesse ventura who as minnesota governor not only questioned expenses but revenue as well governor we made it last welcome to the big picture good to be out of the big picture it's one thing to take an axe to spending but you ran for governor questioning the station's budget surplus and you actually sent minnesotans what became known as jessie checks refunding the money the state

otherwise would have found a way to spend that horrify your legislature. well it didn't horrify them really i was in a unique situation i had a republican house and a democratic senate so for the first three years in office whoever i sided with generally prevailed it worked well but it could last forever so the fourth year they both got bed together and oppose me that's a whole nother story but the the it wasn't difficult on the jesse checks to fight to get the republicans on board they wanted tax cuts but i had to curb them i said look you budgeted because the economy was powerful taxing is all that is obviously too high we took in more than you budgeted for they have had one earlier that's what caused me to run for governor because they spent it all and were talked in for five billion dollars here

a lot of money and so when i got in the big fight was how to return it now the republicans wanted to be an income tax return i said that's crazy that a third of the money will give to the feds i had to fight them to make it a sales tax rebate because you can't deduct sales tax so that way they got free money they got checks in the mail they didn't have to account for those checks they could spend them and guess what that helps the economy because people don't realize the driving gasoline of the economy sure spending sure when the people are spending the economy's good this gave them an opportunity a free check give you a couple of examples ol us of what happened i had a friend of mine's body said tell the governor he bought me all my beer he went down and bought a pallet of beer if you can imagine that had a foot in his garage another woman needed a lawn mower she went out used her check bought a lawn mower she was a friend of

a neighbor of mine and she named her lawn mower jesse because she bought it with the jesse check and. so what i did simply was return the money to the people that belong to them well whether it's in government or the private sector chief executives can only plan based on what they knew on the outside once you get n. and you start kicking over rocks things can crawl out how surprised were you by what you discovered when you became governor. well of course you're surprised because the thing you're really learn is that a governor cannot pass one law the laws have to come from the legislature you could veto them and of course that may have the ability to override your veto then you have what's called a line item veto which means you can line certain things out of a major bill that's the best one really that's the one the governor really uses and i'm sure we'll get the that but for me the big thing was understanding that you

have to work in conjunction with the legislature you can't have it all your way they can have it all very way there's compromises that have to happen and like i said i was fortunate because i have a republican house and a better addict senate so whoever i wind up with as i said earlier generally purveyor it went great for three years till they got in bed together through it always me hey i've only got about thirty seconds left but since you brought it up the governors have the line item veto which the court has denied the president two part question should the president have it and has your position on that changed since this president took over. well our this president i'm not sure one way or the other because i don't trust this guy at all right i don't he says one thing and does another constantly the line item veto is phenomenal because what that does it

stops what happens in the bribery system right they all pay the legislature's money to get their stuff generally what they want gets put into a bill that has nothing to do with it so you can whine it out of all those payola figures right out of the bill get it out of here and don't have nothing to do with this bill i am a believer bill should stand on their own that's why i support unit cameral which nebraska is about the only state that has won the house legislation that's the best because then anything put on the bill has to go out to the full house to be voted on before it becomes an amendment or anything like that so line item under general circumstances for a governor is essential to get rid of get rid of on necessary spending or that payback payola bribery that takes place in the democratic and republican system is the host of the world according to jesse and governor jesse ventura we miss your

commonsense thanks for joining us on the big picture. thank you my pleasure. if your age fifteen to thirty seven you face challenges my generation did after the break two of your accomplished cohorts who say don't take it personally this is the big picture on our t. america. welcome to max kaiser it is a survival guide. looking forward to your pension account. yanks this is what happens to pensions in britain delegates. watch kaiser report.

that entire collection of countries and regions that have been the main economic. players for decades now over time they're going to become this much more of the players of the world is going to evolve china india middle east africa. under certain scenarios they're going to represent about eighty percent of world g.d.p. at the end of the century and that scenario is where they do catch up in terms of productivity growth. my generation the baby boomers was the biggest in history until the millennium came along there were seventy five million of them and who are they they were born

between one thousand nine hundred two and two thousand and four so they're turning fifteen to thirty seven this year the u.s. census classifies one in five as living and pov. thirty and tells us they're half as likely to own a home as young adults when i was one back in one nine hundred seventy five the college board estimates that millennial carry at least and this is not a typo three hundred percent more student loan debt than their parents and nerd wallet analysis of federal data reckons that many won't be able to retire until age seventy five they're postponing marriage and children longer than previous generations meanwhile the cost of today is going up education housing health care you name it and the social safety net of tomorrow seems dubious are they counting on social security to be there let's ask christine ruby c.e.o. ruby media group a public relations and social media agency in manhattan her website is ruby media

group dot com and we also welcome back sarah smith whom you met here back in may as her ambitious campaign for congress gave washington's ninth house district incumbent a scare welcome back to both of you. thank you very much about the typecasting nobody likes to be labeled a millennial as themselves bristle at the term you both seem to debunk the brittle intitled caricature kristen where did that stereotype come from. you know i think the stereotype really emerged from the types of malign else who were. their parents basically created this so the types of millenniums who were encouraged by their parents maybe that they didn't necessarily have to work because they had a support a support network behind them those types of well i mean those are of course not at all the type of millenniums who are living at home in their parents' basement because of student debt that they have to pay off so i really want to make that

distinction between the two because not all the money l's are in title sara how about it this snowflake thing the participation trophy always struck me as a rip off. yeah i'm going to completely agree with you on that one i mean i think this idea of millennial is this soft generation comes from the sheer difference that we experience in the two completely different types of economies that baby boomers had versus what we have today have such different struggles we were around during the advent of the internet i t. jobs office jobs desk jobs were on the rise for the millennial generation and it's hard for our parents' generation to reconcile that so they view it as software we view it as incredibly difficult and taxing cristen one millennial characteristic which does ring true to me relates to work young adults seem to crave fulfillment rather than the shameless opulent wealth the charlie sheen's character was chasing in the movie wall street and yet millennialist passion for their work sometimes

seems misread as disloyalty when employees don't adopt jobs as long term as my generation did your clients include companies who are hiring in this full employment economy are they frustrated trying to keep young adults. listen i think this is an interesting discussion because it can be very frustrating when you pour a ton of resources into training employees and developing them and leadership skills and everything else and a ton of money goes into them and then two years later they say i want to explore my passion and go somewhere else and p.s. i'm leaving. so yes that can definitely be a very frustrating experience from the employer's perspective unfortunately is really the new reality of working with millennial is into the labor force and so i think what we really have to do is figure out how do we come to terms with that because people are just not staying anymore their attention rate is not the same and so i think that employees from their perspective are employers have to take that into consideration when they're actually bringing them on board is that your

counsel to those clients that it's just a higher maintenance generation in that regard. definitely they are more high maintenance and they do crave a lot more fulfillment and you know they crave things that i think other people from other generations didn't necessarily crave or expect in a workforce environment and you also see that even with co working there you see that where you know they have alcohol in the office now and they have all of these different things or ping pong tables or just there it's expected that it's almost an ongoing party and that is just a very different experience than i think baby boomers ever thought about or thought that they actually had to create for someone you know life isn't all an instagram mobile experience and i think that employers are star faced with this challenge now what do we do how do we keep these people happy so when i saw a recent tweet you posted it really struck a nerve you tweeted. looking back at going to school twenty

thousand five hundred dollar loan is my only option this would make our payment go from eight hundred a month to eleven hundred a month for twenty years i'd be paying this amount for my education that's toole hundred sixty four some thousand dollars for a total of eighty five k. in loans between two people are you going to go for it and how big a distraction is this hanging over your head. it's an incredibly big distraction right now my husband i are actually going back and forth about whether or not we're going to be able to afford it but that's part of the new reality that we live in i mean you look at entry level jobs with wayfarer doing call center work and they require a bachelor's degree now which means that we now for these jobs that were once considered entry level have to have higher education in order to obtain them so if i want to do anything or move anywhere in my career i have to further my education again but paying that two hundred sixty four thousand dollars on eighty five thousand dollars in loans between both my husband and myself that means that we're

paying about seventeen percent in interest and the way that our loan system is set up we're paying the interest first so we're paying that seventeen percent on that full amount first before we even touch the principal which is a backward system if anything an educated society is a just society as an edge a society that's able to become educated is a society that's able to provide for itself better that's able to create its own opportunities better that's able to participate in itself better education should be one of our highest priorities in this nation and access to higher education should be the top priority right now for congress especially with the student debt bubble the cost of college has risen astronomically in the last twenty thirty years it's risen in the last ten years there are colleges like i went to the university of arizona where they actually put a cap so they couldn't raise the tuition again because people were struggling to be able to afford to go to school and it's getting worse for the generation after ours if we want to continue to have a burgeoning project. prosperous society we're going to have to make education the focal point and the best way to make it the focal point is make it reduce cost so

people can afford it i'd like to see debt free education for everybody that includes college that includes vocational school that includes trade schools make sure people can actually choose their destiny without having to come out with this hundred thousand dollars in debt over their head where they don't have the ability to wait they have to get whatever job they can find they have to be able to pay that bill as soon as they possibly can they can't afford rising cost of living wages are stagnant they're struggling twenty three percent a millennial they're right now living with their parents because they can't afford to get out in the world less than half a millennialist have enough for a down payment for a home and they all cite education debt as being the number one thing that's holding them back we are holding back our own society with this astronomical cost and for me it's holding me back in my career it's holding me back from being the most prosperous version of myself because i don't know if i can afford that higher education because that's a lot of money to spend on eighty five thousand dollars when i'm going to be spending over two hundred fifty thousand for that education it's ridiculous that is just the kind of stump speech that to me and to your congressional campaign bridge

it out where i live in rhode island the about a year ago instituted three two years of community college in our governor so twelve years of a high school you know through twelve just doesn't do it and the tsunami and the two year community college is a real asset for a lot of career paths i take it at the prices you're talking sarah you're not going forward with an advanced degree in french literature. no i was looking at doing a bachelors in mental health counseling and family counseling and trauma counseling that's what i wanted i was looking at wanting to do this is a productive career path degree this is a degree that matters there's a shortage of people that are working in this field it's a field i'm passionate about it's a field that could yield a lot of prosperity for me and my family if i can afford to get in it and it's worth pointing out this is a struggle for me but for impoverished communities for communities of color it's an even bigger hardship for them to be able to come up into the shore and into these career paths sure and it's something that can't be overlooked in this discussion

while marketers are obsessed with millennial for obvious reasons there are so many fifteen to thirty seven's and because millennial wages have been rising throughout this decade although their wages still lead the national average they're rising at nearly double the national rate yet their spending is chilled by all of that student debt and as sarah said living with parents doesn't make them big household consumers or two career couples kristen your work is attracting attention to your clients' messages this forced frugality that young adults live has to make that challenging doesn't it yes i think it is challenging on a number of levels so on the one hand i think from a crime perspective right they have to spend a ton right now in order to compete for the attention of millennial is an over saturated market especially on social media right everyone is vying for their attention but the problem is what happens when you actually cut through the clutter and when you do get their attention right are are what is the cost for those

millennial and is that actually going to convert and what they are at that so there is a challenge that no matter what you know these people have to spend a ton on campaigns in order to reach them but there can be a frustration which is hey we spent all this money but then why are they not converting which is what you're saying and so you know i think there is a way that you can get them to convert but i think that millennial is you know in general they're trending towards being more minimalistic right that is they are not as interested in. in possessions as they are interested in experiences so there are things that they do spend on whether it's eating out whether it's wellness whether it's self care or even a ton on travel rights like for example spend one hundred twenty seven percent more on take out an eating out five times a week as opposed to baby boomers so there are things that they spend money on it's just how do you reach them at that level you know the other thing here is that there's this notion that people say millennial is are they're delaying adulthood

and i think the challenge here is they're not necessarily delaying that we have to redefine what adulthood actually means for this generation adulthood to millennialism is not the adulthood that once existed for baby boomers and if we keep comparing that to the old definition of adulthood marketers are going to fail people that are trying to reach this generation will fail because that notion that existed is not the same not every millennial necessarily wants to have that family and multiple kids with a white picket fence in the suburbs and own a house and own a car makes sense so i could. for returning to the big picture and happy new year. and that is the big picture and now our t.v. america is streaming live at youtube dot com slash r t i'm holland cook in washington back here same time next week and in the meantime i am at holland cook on twitter where if you follow me i'll follow you questioned more.

leaf. look at. the. place.

hello welcome to so if you are. not set the u.s. has been shattered by the longest ever government shutdown in the u.s. history how grave can the consequences be well i talked to laurence kotlikoff a professor of economics in boston university and write in candidate in twenty sixteen u.s. presidential election. american politics is paralyzed the president

congress. or the mexican. government shutdown who has the most results is. what needs to be done to break the stalemate and look like. lor's quickly go thank you very much for being my pleasure tonight welcome to pleasure to have you with us as usual always very sever here on my program but we love you on our channel and it was a lot about donald trump is a loggerheads with congress demanding five billion dollars to build his wall with mexico obviously something that democratic congress want to give to him so do you feel like it's a win or lose situation as a zero sum affair was is there a way out of this thing well there is a way out which is that what the democrats want is to have amnesty amnesty for the millions of you.