you see the reagan administration. the debt more than doubled. the bush administration to get much further. the clinton administration actually started bringing down the debt, paying off the debt during the clinton administration. then we saw what happened in the second. administration. the debt absolutely skyrocketed going up over 2-1/2 times. when we look at the record of economic growth is very interesting. reagan who more than doubled the debt had a pretty good record of economic growth. 3.5%. . i who ran the debt up even further, 2.1% economic growth. clinton who actually paid down the debt had the best record of economic growth, 3.8% on average. bullish ii in place the massive tax cuts that. and deficits into debt had the worst record of economic growth averaging 1.6%. let's connect the dots. let's connect the dots. big increase in debt during the reagan administration but pretty good economic growth. . 1 --bush i economic debt faltered. clinton administration has the best record on deficits and debt and the best record on economic growth an

you can see the reagan administration, the debt well more than doubled. the bush administration took it up much further. the clinton administration actually started bringing down the debt. he actually was paying off debt during the clinton administration. and then we saw what happened in the second bush administration. the debt absolutely skyrocketed, going up well over two and a half times. mr. president, when we then look at the record of economic growth under those different presidents, it's very interesting. reagan, who more than doubled the debt, had a pretty good record of economic growth, 3.5%. bush i, who ran the debt up even further, pretty paltry record, -- 2.1% economic growth. clinton, who actually paid down debt, had the best record of economic growth, 3.8% on average. bush ii, who put in place the massive tax cuts that ballooned the deficits and the deb had the worst record o economic growth, averaging 1.6%. well, let's connect the dots. let's connect the dots. big increase in debt during the reagan administration, but pretty good economic gr

economy from paul craig roberts former assistant treasury secretary in the reagan administration paul bearing in mind your previous post this is something of great interest to you the u.s. is narrowly avoided but so many people have said to me today this isn't the end of its financial troubles what do you have to say about what you've been witnessing. my prediction here is that as the economy worsens which theory there will be a new deficit projection and issued new budget for parents surely. the governors of deteriorating economy the deficit is widened by more than the debt limits. deal and it's cut and so you have parents that debt will be reduced rules will be wiped out by the new budget forecast and it will all disappear and they experiencing economy so hell sustainable is it to continue increasing the debt in the long term can washington really carry on in this way. well they they will never default on the debt because it is denominated in u.s. dollars and so the federal reserve can create all the necessary money to redeem the debt it's not default that's the problem it's whether

a lot of people here especially today will agree with that statement columnist and former reagan administration official paul craig roberts. well you could say everyone and no one is happy about this and we move forward with a bill that is largely considered nothing short of what so were there winners and losers in this fight and if so who are going to help answer that question i spoke to see the president of less government and dr caroline hellbent professor of politics at occidental college i asked them first what they would have done if they were in charge of crafting this bill to come out of the hole cut up front because that's only thing they can control this congress with the only thing they can control i would also tied a debt ceiling to a balanced budget and then we have a two thirds super majority to raise taxes all right caroline your current. well if we hadn't seen dysfunctional government this time around we'd certainly see it if we had a super majority for a budget but what i would do is get rid of our structural deficit problem by a same week that the federal government can negoti

in recent american history was the reagan administration all right one more comparison. yeah well i guess if you're getting blowjobs under the desk in the oval office staycation babies aren't as important to your health so president obama is enjoying his time it now at this vineyard but plates. it's the return of the most thorough bull of all a thought those pesky midwesterners couldn't catch up to him but he was wrong see when obama was touring the heartland that's political code for important swing states on the depression express he stopped to give a little helpful advice to a local farmer who was concerned about rules and regulations affecting his and his business obama told him quote contact the u.s. da talk to them directly find out what it is that you're concerned about my suspicion is a lot of times are going to be able to answer your questions and it will turn out that some of your fears are unfounded well and really have political did call the u.s.d.a. to get an answer to the questions and that's what happened well answer that he got a runner on the left of mul

the debt ceiling was raised several times during the reagan administration. it was raised seven times during the bush administration. this has never happened before this questioning and stopping of the fight over the debt ceiling be raised. >> reporter: it has just been political theater to adrian quan. >> voters voted many months ago how much money they were going to spend for this year's budget and the fact they decided they are not going to pay it suddenly just seems ludicrous to me. >> reporter: many folks may feel a sense of relief that a tentative agreement on the debt ceiling has been released but after so many weeks there is speculation the agreement may not be that great. don knapp, cbs. >>> the verdict in the espionage trial will be decided in a week. today is the second anniversary of the day they were captured. bar's fee own say sara was released last september for humanitarian reasons. they deny the spying charges saying they believe they were hiking near the iranian border not in iran. >>> arraignment tomorrow for the 56-year-old woman who was a

the debt ceiling was raise the 17 times during the reagan administration. it was raise the 7 times during the bush administration. >> reporter: most people we talked to said they are frustrated by the weeks of debate and political theater. many are relieved it's over. now they want to know how much it's going to hurt. >> sharp sharon in san francisco, thank you. -- sharon chin in san francisco, it be. >>> markets around the world ended on a high note on word that a debt ceiling compromise was worked out. the nikkei closed up 1%. the dow and s&p futures are also up indicating a possible opening this morning. >>> a developing story right now. a woman is dead and man seriously wounded after a shooting overnight in richmond. our anser hassan is in richmond where police are trying to piece together what happened. >> reporter: good morning. still a few details at this time. but it is the fourth deadly weekend in richmond. we know two people were involved, a woman found dead from gunshot wounds. the second is a male adult. we don't know the relationship. he was sh

my feeling is that in college, especially during the reagan administration, i thought that the democratic party in the united states had essentially vacated the left. and fused i think a little too much with the political right. there had n. my opinion, been insufficient advocacy for people who were left of center. and so that reality, coupled with the fact of the growing environmental crisis and denial that this country was going through and in seeing the inspirational movement of the green party's blossoming in europe, especially germany, i went to germany in the late 1980's. i spent time with the green party of germany in the parliament over there, learned everything i possibly could. came back to california. i was 1 of 20 people who co-founded the green party here in california. i have been a member of the green party, co-founder, for about 20 years and then less than two years ago i decided it was time for me to shift directions and i became a democrat. >> looking back a few years to your campaign for supervisor, what lessons did you learn from that experience? was there anything tha

wandered away from those values when we went into greed is good in the first few years of the reagan administration and elevated billionaires to very high status people you know starting with reagan's inaugural ball and you know it's i kind of like jimmy carter walk into. any our next comment is also from the branch line this if you recall to share her outrage about the lack of shared sacrifice from wealthy corporations and the millionaires and billionaires have become the patrons speaking of today's republican party. from the label the way to attack the corporations and the wealthy i don't believe a little bit has petrea taken away with the republican sham if they put upon the country of the people we didn't do they have a good yeah the majority of analysts agreed today that the debt deal struck last night between the white house and the republican leadership was overall a win for the g.o.p. because the republicans achieved drooled goals they avoided tax increases and they got a dollar for dollar cut in spending to match the amount by which the debt limit is going to be raised so you know this is

the ronald reagan administration i served on a commission on the taxing international corporate earnings. it was one of the most interesting negotiations i was ever a part of. it made this negotiation on the debt ceiling look relatively easy. let me just say the argument that had been made by some in the repatriation that is going to create jobs here, we did it. it didn't produce jobs here. that is the overwhelming evidence. that doesn't mean we shouldn't do the fundamental tax reform because if we are going to be competitive we have to get in the game and our tax code was designed at a time when we did not have to worry about the competitive position in the united states. we were fully dominant when this tax code was developed. i don't think anybody if they were going to sit down and the fis tax code for the united states in 2011 or 2012 would come up with one that looked anything like this one. my time is expired and i thank the panel for their testimony. >> thank you very much. for your work on the commission the gang of 6i don't think anybody disagrees on the last statement, too it i

oberstar: but even a decade after it was enacted, the reagan administration came in and cut the grant program to a loan program. and funding diminished over a period of time. now, we still have 1/3 or more of the nation's streams and lakes that don't meet the standards of the clean water act. we have to advance the cause. that is the big challenge ahead of us. you just don't think of raw sewage in waterways in a developed country, and yet, that's what we have, and not just in pittsburgh, but all over. narrator: pittsburgh is situated at the confluence of the allegheny, monongahela, and ohio rivers. these three rivers are vital for industry, recreation, and drinking water. and each year, billions of gallons of combined sewer overflows discharge directly into those rivers. hecht: we're now having to face the consequences of the choice that was made to put in combined sewer systems. narrator: in 1994, the government adopted a combined sewer overflow policy to reduce csos nationwide. cities with combined sewer overflows now face an enforcement action called a consent decree. under a conse

foreign policy or they worked in the reagan administration. and so they had to label experts in the media hasn't done a good enough job of questioning whether that label still sticks whether it's worth it and i think in reproducing a lot of the. from the mouths this is also being that word they are part and parcel of the problem the media is they should take a close look in the mirror and say do we want to continue to give these guys a platform or is it worth it to start checking yourself and say these people just go deserve to be a guest on our network any longer you know i think one of the things that i did example that was during the nine eleven kind of attacks and they were taught in the mosque near the nine eleven site and we saw this controversy consistently and people were brought on to debate it as though it were an actual kind of an issue i guess that the last thing i really want to ask you is the more that we are allowed this kind of you know allow the false premise that this is actually a concern to be repeated you know are we radic

craig roberts assistant treasury secretary in reagan administration says the bill makes cuts in the wrong places and could eventually send americans out on the streets and protest. if it actually goes into attract there will be no extension of unemployment benefits so the people who have lost their jobs which is now roughly twenty three percent of the workforce will be out without any sort of support but what the real problem is is the wars the military security budget equals to seventy five percent of the government's deficit and yet the republicans want to continue these wars and they don't want to pay for them with taxes they want to pay for the wars by cutting the income support programs for the poor but the problem is the total discretionary spending that is the spending on not only income support programs is only twelve percent of the budget but the wars are seventy five percent of the deficit so it cannot possibly finance the wars they become more homeless and as their unemployment benefits disappear them medical care disappears i think even the americans will start protesting in t

you can see the reagan administration, the debt well more than doubled. the bush administration took it up much further. the clinton administration actually started bringing down the debt. he actually was paying off debt during the clinton administration. and then we saw what happened in the second bush administration. the debt absolutely skyrocketed, going up well over two and a half times. mr. president, when we then look at the record of economic growth under those different presidents, it's very interesting. reagan, who more than doubled the debt, had a pretty good record of economic growth, 3.5%. bush i, who ran the debt up even further, pretty paltry record, -- 2.1% economic growth. clinton, who actually paid down debt, had the best record of economic growth, 3.8% on average. bush ii, who put in place the massive tax cuts that ballooned the deficits and the debt, had the worst record of economic growth, averaging 1.6%. well, let's connect the dots. let's connect the dots. big increase in debt during the reagan administration, but pretty good economic

unemployment obama non already had a service right now hardly less than it did during the reagan administration but as a percentage is doing very poorly and the reason why is we have too much government we have too much regulation regulations imposed. the budget one point seven five hidden taxes on the american people every single year ok so regulators are extremely important news you've always said i mean we do want clean water we regulate that we do want clean air we regulate and god knows we should have regulated wall street or we wouldn't have been in the mess that. president obama he made a point sachar it the car was driven into a ditch and he spent the first two years trying to get the car out of the ditch now here's here's my point he made he made a gamble the gamble was i'm going to spend next billions of dollars and i hope to create x. number of jobs he fails sure but it leaves the state it is go here's what i would say to my conservative friends since you're talking jobs jobs jobs jobs why don't you do this for the american people how many jobs will your policies create and in what t

irrelevant they mean nothing the engines of the corporate state go forward have since the reagan administration there is nothing to impede them and there is a rapid reconfiguration of american society into a kind of very frightening neo feudalism and obama has aided that as a suicide as to george w. bush in any essence what the obama administration has done which i think perhaps is even more pernicious is that they've codified the destruction of international and domestic law that were put in place by the bush administration whether that is the same preemptive war or the refusal to restore a disk or post or go after wall street or in any way ameliorate the suffering of tens of millions of americans who are really beginning to feel tremendous pain and we are about to see with these budget cuts coming up on october . social services including the extension of unemployment benefits be curtailed. thrusting people into really tremendously difficult financial circumstances where you mention of course the budget cuts that are going to be coming out and i guess we can talk about the super committee rig

dollars and basically since the reagan administration basically suspended enforcement of the by american act and we have not been doing it and we've lost fifty two thousand factories since the factories was eleven years obama's bus was made in canada the border guards for the for the border patrol that are patrolling the mexican border their uniforms are made in mexico and what is wrong with this picture is that just common sense in a really good way to reboot our manufacturing to go back to having things made in america but i think any time the government implements something it never turns out the way you want it so i think in order to have more american goods and we need it we can't fight we didn't fight world war two successful. and he didn't. make commerce astable we didn't do hoover dam in the tennessee valley authority bass all going to our buildings saying i'm proud going about you know telling people to buy something just like telling people to buy an electric car went out no one wants and like they were tired of the government telling their soft of us oh yeah but what you need

in the war against the sandinistas one of the things that was done under the reagan administration administration, when the national endowment for democracy in parallel and geo groups began to fund organizations inside nicaragua, in the newspapers were to overthrow, there was very little opposition and this goes to the core of the notion of the hostility of american government which is suppression of the variety of the press and became the single most effective issue when you close down the major media that was funded. now one could say that the other groups of funding and this is indeed what they did when he tried to extend his term in office of the national endowment and the leaders said human-rights. so if that type of linkage exists in good democratization changes we're not talking about universal rights per savings into the mechanics of the operations. >> what struck call for me this morning was a very prominent you egyptian margin and he went back to egypt recently to see if the eighth to do something to help and assuming he was the egyptian but the second sentence was you must understand y

fact cut across all the way back to only one day later than one thousand and two during the reagan administration so it's a step in the right direction we can always shrink the size of government particularly when it comes to regulations and federal spending but as as things have gone on so far we're still looking at a very grim scenario for the future they're still plan on having a great weekend aren't you i am i had a wonderful party last time but the syntax particularly highlighted the cost of government so it's about having a smiling face while being under a heavy weight outstanding to go thanks so much for joining us. yes please because as a cost of government dot com outstanding all right and coming up next we will be joined in studio next thursday by gary johnson very excited about that and author of a door with some stories on the somali pirates the. another under-reported story this very excited during that interview and tomorrow washington d.c. is the the c slut walk and while i wholeheartedly support the main cause of making sure that slots know that they are not to be blamed for being

this is i mean we're media plays a really big role in calling him an expert he worked in the reagan administration he dealt with arms control issues he was deemed an expert on the cold war which is . i don't know enough about the question but then he morphed into becoming some pseudo expert who knew about the creeping shari'a and the media treated him as an expert because they thought he was always an expert i think they have to continue to question themselves if they are giving a platform to people like steve emerson and one thousand nine hundred seventy that oklahoma city was the result of a muslim jihadi attack and was later found to be an idiot about that particular issue if those people are allowed to say those kinds of things and continue to remain on the review the media's got a problem you've got to challenge yourself and say i actually do more harm than good by giving these people an opportunity to spout their nonsense and i wonder this is the point that i made on friday when i was covering this is what my parents had friday and i wonder if you agree with me that unfortunately in our poli

people tend to forget that in 1984 when the reagan administration was being too slow on apartheid, a number of junior members worked with ron dellams on what was a very heretical coalition. we said if you believe in freedom, you have to believe in freedom in south africa. you had young republicans have been a senior democrat pass legislation that neither leadership thought to pass. we are going to get together and get outside arco caucus and conference and find ways to find things we can agree on. it would start to break the ice. people would start talking to each other and it would get a little better. second, instead of waiting for november for a super powerful, extraordinarily brilliant 12 people to do the work of 522 other people, i would argue -- and by the way, iowa is one of the places i have gotten this from, that they ought to come back and monday, and every subcommittee in the house and senate should be assigned the following task. take every aspect of government your supervising, bring in experts from business on lean six sigma, and apply it to rethinking the whole thing.

. >> bill clinton was the first democratic president since the reagan administration. as we've seen with michele bachmann, the religious rite has not just a theology, but a theology of american history in which only true christians and true believers have the right to rule. >> the founding fathers didn't have slaves. >> yes, exactly. so out of this theology came this idea that, you know, kind of godless secular democrats had -- >> secular humanists. >> they had no business to be in the white house and that tendency in the republican party has gotten larger overam the years. >> huntsman, this came up with him. the other night huntsman was asked about libya, this is something we can argue about libya, impeaching a president next week, here's what he said to that discussion. he's afraid of these people. >> i think congress is in a mild uproar about it. >> it's very mild. >> i have a fundamental problem generally, beyond this decision just with the decision that has been made to get involved in libya, in a tribal country, when we have no interest in state, no exit strategy

clyde also served as a senior trade official in the reagan administration and author of "the betrayal of american prosperity." clyde, welcome. good to see you. >> good to be with you. how are you? >> i'm good. the markets have just closed, another terrific sell-off. a lot of phones worried, the dow off something like between 17%, 18%, and the last 10 or 12 trading sessions. what's going on? the world, as we knew it, is changing. i'm surprised at the shock of this. the u.s. economy has consistently run large trade deficits. the fundamental theory underlying the global economy was that the united states would always be the consumer of last resort, that deficits didn't matter, that in europe the bonds of spain or greece were as good as the bonds of germany. all those assumptions are being shown to have been false. and we're going to get a huge rebalancing and readjustment of the global economy, which in the long run is necessary, painful in the short run. >> do you think this stock market volatility will keep up for some indefinite period? what do you make of what european officials are

.%2my in the reagan administration, they launched seven years of recovery that the equivalent for our generation would be 25 million new jobs. that's how big the change can be. >> greta: i don't know if your ideas about repealing dodd-frank is correct. that i will leave to the ones who make decisions. the thing i think is urgent, i wish the president would ask the house and senate to come back this is a crisis for most americans. jobs is the way they put food on the take this is an emergency. breaking news we report to the scene this is a crisis for many americans right now. and they've all gone on recess. and it is beyond me how they could do that. >> the president is going on a weeklong bus tour of the midwest. almost like a fantasy tour. if the president is serious about job creation, first, he had better come up with a lot bigger proposals than we are seeing. you don't get out of 9.2% unemployment, you don't get out of today it was announced the largest number of americans on food stamps in history. said for six months this is the most effective food stamp president in american hi

the debt ceiling was raised 17 times during the reagan administration.ised seven times during the bush administration. >> reporter: most people we talked to at the alameda art and wine festival say they are frustrated by the weeks of political theater. they are relieved it's over and now want to know the details and how it's going to hurt them. >> sharon chin live for us this morning, thank you. >>> let's check in with kristy. over the weekend did you manage to find some sunshine? i know you were heading out to the fair. >> i did head to the gilroy garlic festival and there was lots of sunshine and quite warm. but we are going to have a different story this week. it will be sunny but not quite as warm. lots of cloud cover out there now along the coast, the bay shores. we are seeing clearing farther inland. this afternoon not warming up even close to where we should be for this time year especially in places like concord and santa rosa. we'll be 10 degrees below where we should be for time year. we'll have more coming up but over to gianna with traffic. >

i was talking with david stockman yesterday from the reagan administration about this amendment, which he was very much obviously in favor of, but what we were saying was this -- even if we got 100 million of together on the internet and were able to do it, which i honestly think we can considering we both outlawed and legalized drinking with amendments, i would think we could do this, but beyond that, even if we pull this off, getting the money out of politics is the beginning. that's not the solution. that is like getting the alcoholic to stop drinking so we can deal with his broken home and lost job. correct? >> no question. but there's so many legislators, in my time as mayor and gover r governor, said, gosh, if we could vote in secret, i would vote for your proposal, because i know it's the right thing to do, but i can't do it. the other side will raise money on it and will kill me. that's why it's so important, so important to get the influence of money out of politics, because if you get the influence out of politics, we could get people who will vote their conscience, and i thi

reagan turned it and but forget that for three long years on the first temperature of the reagan administrationhe economy was in stagnation and terrible time. and i'm looking forward to ugly times, and it could be worse if they have another stimulus package, we could go back to the inflation and stagflation. >>neil: many say the worse it gets are more tempted the president is to go just that, arguing for stimulus, but you here that help. why? >>guest: absolutely. lock at japan. look what happened to them. they did stimulus to an economy that was not going anywhere, and stimulus is a limit bit like heroin, you shove it and get a little boost, but you have to come down. what happened in japan they stimulated the economy and got the interest rate to zero. what do you do to get them to take the money? the ability of mopery policy to cope with this is really diminished. and now it a back to being frugal and let the private sector grow the economy back over a period of years is all we have left. another stimulation package i believe would lead to inflation on top of the mess we have. >>neil: i wonder

. >> bill clinton was the first democratic president from the religious right in the reagan administrationas we have seen, the religious right has, not just a theology but a whole kind of theology from american history in which only true christians and true believe verts right it rule. >> and the founding fathers didn't have slaves. >> they were evangelical christianes who did not have slaves, exactly. out of this theology was the godless secular democrats had that was some -- >> secular humanists pz and that tendency in the republican party has gotten exponentially larger. >> i want to look at something when huntsman, came up with him. huntsman was asked about libya. this is one of the things we can argue about lib why. but about impeaching the president at an event with new hampshire voters last week, here is what he said to that discussion. he is afraid of these people. [ inaudible ] >> i think congress is in a mild uproar about it. >> i have a fundamental problem generally. beyond this decision. just with the decision that has been made to get involved in libya, in a tribal country, wh