national wealth and the united kingdom of course that adam smith who was originally from scotland you know he always he advocated for a land value tax instead what the united kingdom has is the consumption taxes but also wealth to income taxes and that is considering that jobs are more more precarious there are fewer and fewer people actually work so many people have this rising asset price so they don't need to work in fact they break down that data here into the resolution foundation earned windfall of eighty thousand pounds between one thousand nine hundred three and two thousand and fourteen alone and the early two thousand. that seventeen percent of working age adults earned more from their house than from their job so remarkable misallocation of resources and well right here in london and you time your mortgage to your bank account then you have the magical money tree because the value the house or the apartment or the flat in london goes up by eight hundred pounds a day and the cost of servicing the bank is five or you know seven hundred ninety pounds a day by sitting there and

i don't think we understand the counterintuitive idea of adam smith. millions of people doing their own thing and create a more positive society that a few people planning for everybody. to me that is counterintuitive. he talked to a lot of people in your show. how do we deal with this argument when people are making loss on our side don't seem to understand how americanism works? >> we never talk about it. i would say to the american people, which have all politicians are so smart that they can understand and run the healthcare system? almost none are doctors almost none ever worked at hospital. where do they get their genius and professionalism from? nowhere. they're advancing an ideology in trying to post on us. the public's not happy. we never explained to people is going on. the public resist politicians for the progressive does this make promises. you get this for free, the point you make about the harmony of interest as adam smith calls it, why is it so crucial is not possible for a government department or agency to know better about -- even th

he has a touchdown to put him up ten. >> adam: another throw to smith. he could not hold on. second down. >> dusty: shows a lot to put a true freshman running back in these spots. >> adam: absolutely. >> dusty: and for him to come up with big plays. >> adam: he was a high priority in the ucf's recruiting process. they have a sports medicine degree that otis anderson really wanted to pursue, but he was highly sought after by programs. scott frost got a very key cog in this offense in otis anderson. big blitz from the bulls. it's a screen against a blitz. the perfect play! otis anderson! may have sealed the deal for ucf! this is a key extra point to make it an eight-point lead. it's still a one-score game, but this puts pressure on the bulls and matthew wright nails it. >> dusty: they called a screen against the aggressive south florida defense. 66, aaron evans, he's going get up and draw a key block. defense never saw it coming. sellout blitz. perfect call in that situation. evans gets the kick out. you see the speed in the open field as the true freshman coming up with a huge

this is kind of an adam smith, ben franklin classical economics concept. but, unfortunately, we lost that supply-side view of the world, now with more consumer spending, demand. and the more consumer spending, the more debt to go into the better off you are. we've shifted away from these traditional views which i i espouse, which i think is a more, this is not to say changing economics has a provide an important contribution. i think the idea and we learned a lot about how to deal with recessions, but during the recovery, during normal times of economic growth, we need to encourage industry thrift and prudence. and sadly if you look at the last administration of democratic and republican, a lot of irresponsible spending on. when you're at full employment all the comments agree we should have a balanced budget. but even during the bush era which was full employment, he never ran a surplus. he never did except maybe the first year and that was because he inherited it from bill clinton, the democrats. and then obama didn't really improve matters that much eit

he has a touchdown to put him up ten. >> adam: another throw to smith. he could not hold on. second down. >> dusty: shows a lot to put a true freshman running back in these spots. >> adam: absolutely. >> dusty: and for him to come up with big plays. >> adam: he was a high priority in the ucf's recruiting process. they have a sports medicine degree that otis anderson really wanted to pursue, but he was highly sought after by programs. scott frost got a very key cog in this offense in otis anderson. big blitz from the bulls. it's a screen against a blitz. the perfect play! otis anderson! may have sealed the deal for ucf! this is a key extra point to make it an eight-point lead. it's still a one-score game, but this puts pressure on the bulls and matthew wright nails it. >> dusty: they called a screen against the aggressive south florida defense. 66, aaron evans, he's going get up and draw a key block. defense never saw it coming. sellout blitz. perfect call in that situation. evans gets the kick out. you see the speed in the open field as the true freshman coming up with a huge

michael quoted adam smith. the terra fact. first law passed by congress. tariffs unnecessary for the support of government and the protection of manufacturing, well understood from the beginning, you have got to understand you have the ability to manufacture the things you need for the support of jobs and national security. that means tariffs. >> i think what is different about trump, certainly in the campaign and continuing, was his nationalism, looking at policy like trade from a nationalist perspective. immigration as well. first of our own. that is something in which he distinguishes himself from most republicans and democrats, and certainly is his strong suit. i do not think the republican party no matter who is leading it can live with respect to distribute a policies because they are always going to be outbid by the democrats. there is a problem in the thatre to repeal obamacare is going to lead to lauded dissatisfaction in the base whose votes donald trump received. so, who may fall away in the midterms and later on. so i don't know that a strategy

leadership of chairman mack thornberry of the house of representatives committee and ranking member adam smith. i look forward to working with them in if the future. finally -- in the future. the conference agreement would not have been possible without the hard work of the entire committee staff who worked diligently. i would like to thank chris and eric and all the committee staff for their work. on the minority staff, i thank my staff director elizabeth king. i'd also like to thank gary wheeling, care lynn shooter, maggie mcin mcnamara, jody benn, kirk mcconnell, mike, john, and john green. let me state the obvious, that they do the work and sometimes we get the credit, but the work is theirs. i am deeply appreciative of all of these efforts, and, again, let me indicate what is obvious to all of our colleagues, without the inspirational, practical, dynamic leadership of chairman mccain, we would not be at this moment today, the 56th consecutive passage of the national defense authorization act. with that, mr. president, i would yield the floor. the presiding officer: the senator from maine.

it is called adam smith demand. >> is it spilled like utopia oes it >> bottle is fancy i just googledyou google it ryan, split is. >> yeah. >> look at that. >> it kind of looks like a err bott isee. >> genie in the bottle. >> yes. >> okay. >> tracie. >> i you cristina a was holding a bottle of it but i get connection now>> very much. >> talk to your producer, how can you be talking to all these tv stations not america and in the see the bottle just yet. >> i have seen it. i just thought you meant cristina aguilara was holdingeet the b i thought that was a picture. >> oh. >> that i have not seen bottle itself. >> have a good weekend we will see you monday. >> t >> why can't i just control hold my tongue. >> i thought she said, e people in philly. >> she is saying you in philly reupposed be good cop is that the plan. >> what plan. >> i don't know. >>> are they here? we're going to hug you we promised to hug both of you. >> i hope you are okay with that. >> well, alex will. a car runs off road after driver has a heart attack, off-duty cop saves him. is it okay if i call you a cop police

i went to seminary i did a phd in economics, i follow adam smith and you laid that case out before thele, that's what made the country great, right? the judeo-christian tradition, the rule of law and free markets and you win because that's what made us great. >> neil: we shall see congressman thank you very much for taking the time. >> thanks, neil. >> neil: rejoined by my friends, as you wait to hear from the president, he is not going to take any blame for tonight and neither are you as congressman brat argued and he shouldn't but that's how it's played out in the media tomorrow. how does the president address that, handle that? >> as your guest just said he was borrowing a lot of the language, if you like the rating he was speaking to some of trump 's sticking points but i actually would take a little bit of issue with some of the tax plan. there has been some concern that middle americans will pay more and a lot of people said look, this has put the gop on the defensive, at least in the minds of some voters. >> neil: that was your point too they were almost too defensive right? and

his name is adam smith, and he's famous for the followowing linene: "if everybody pursues his or her own self-interesest, it'll w work ot for the best for everybody." most of you know that that's silly. it's a wonderful rationale to go out there and do what you want for yourself and not care about anybody else, but where that leads is exactly where we are... in a very, very bad crisis. so, let's begin by analyzing this crisis as the crisis of a system. and we'll go on to talk about this system even when it's not in cririsis, because that's as big a problem as the crisis itselelf. but crisis is where we are. 2012 is the fifth year of this crisis. what does that mean? first and foremost, it means that we have in the united states today something on the order of 20 million to 25 million people who either don't have a job at all, have been without a job long enough that they've given up looking-- so-called discouraged workers-- or folks who have to take a part-time job because that's all they can find, but they would like to have a full-time job. the bureau of labor statistics in washing

a few points, look, adam smith, there's a lot of ruin in a great nation, do you know what i mean?an take some significant damage before they turn it around. you mentioned our institutions and the strength of them. trump -- donald trump is said to be so hard on the press, against the press, antagonistic towards the press, fine. but have you ever seen the american press more dynamic, stronger, breaking stories, being more fearless than it is now? all of our institutions are working. and when the people don't like what they see they push back. on tuesday in virginia women who didn't like what they were seeing stood online in the rain for hours. they had dynamism behind them. they had deep motivation. they pushed back. we will see how all of this goes, but there's a lot of movement going on. we're not stuck. it may seem like a big merck. i think it is a big merck, but mercks have a way of disappearing in the end. >> resist has turned into running and voting. >> bob costa, good morning. harold ford. how are democrats interpreting -- obviously there's got to be some glee and joy, but wh

smith good job with the return. kelly bryant, when he's healthy he's a difference. >> adam: wisconsin dominant.iowa's defense scored two touchdowns. >> brian: that was the offense for the iowa hawkeyes. speaking of dominance, that's what wisconsin did to the iowa hawkeyes, what a difference a week makes, after posting 55 on ohio state it was all about jackson in the secondary, he scored both touchdowns for the hawkeyes. >> adam: wisconsin 10-0 for the first time ever. the battle for the boot. >> houston: the golden boot. derrius guice, smooth, well blocked. >> adam: he had three touchdowns. they got heavy lifting. >> brian: i don't know if that trophy, coach. >> adam: will muschamp is now stamping florida's start as the worse since 1979. >> brian: they're playing physical football in columbia, south carolina, bentley showing off his skills and the quarterback problems continue for florida, feleipe franks takes over for an injured malik zaire, williams with the interception to seal the fate of the gators. >> adam: meanwhile vanderbilt trailing kentucky. for the wildcats, benny schnell becoming t

adam has been caring for some of the most sick patientness chop. >> just one more time. >> reporter: nineteen year-old christian smith first came to chop when he was12 days old. over the years, one nurse, stands out in his mother's mind. >> he took my son in for a first treatment for a transplant procedure. >> reporter: his mother, charn ay lewis say it is people like adam that make chop so special. >> i wouldn't go anywhere. i could move to florida but i'm here because of my son and care he gets here. >> reporter: same care adam remembers when he was a patient and now life has come full circle here in the oncology division. >> this is the reason for me being here, something has got to come out of this. you know, everything negative there is a positive and this is what it is and now it is my career here. >> reporter: adam says he knows firsthand what these kid are living. >> i dent want to do this anymore. i want to give up. i have heard a lot of that. >> reporter: his message is the same. >> it is just a long, journey and you just have to stay focused and have goals, and realize thaw will come out of this and then you can go on with your life. >>

adam has been caring for some of the most sick patientness chop. >> just one more time. >> reporter: nineteen year-old christian smith first came to chop when he wasays old. over the years, one nurse, stands out in his mother's mind. >> he took my son in for a first treatment for a transplant procedure. >> reporter: his mother, charn ay lewis say it is people like adam that make chop so special. >> i wouldn't go anywhere. i could move to florida but i'm here because of my son and care he gets here. >> reporter: same care adam remembers when he was a patient and now life has come full circle here in the oncology division. >> this is the reason for me being here, something has got to come out of this. you know, everything negative there is a positive and this is what it is and now it is my career here. >> reporter: adam says he knows firsthand what these kid are living. >> i dent want to do this anymore. i want to give up. i have heard a lot of that. >> reporter: his message is the same. >> it is just a long, journey and you just have to stay focused and have goals, and realize thaw will come out of this and then you can go on with your life. >> rep

smith, executive director military chaplains association. jerry walden, national commander usa.n of valor of the david gibson, commander-in-chief worldry order of the wars. john adams enlistedtired association. washington, d.c. agent, congressional medal of honor usa.ty of the gary augustine, executive americandisabled veterans. dana atkins president military officers association of america. president air force sergeants association. board chair commissioned officers association of the states public health service. national commander polish liege usa.erican veterans not with us today is paul warner, national commander from jewish war veterans as they theot attend cemetery on shabbat. they will celebrate veterans day andhe vietnam wall world war ii memorial. the associate members of the committee are located in the to my left. i would like to ask the presidents and national that compromise our associate membership to stand and be recognized. ladies and gentlemen, please join me in recognizing our veterans national leadership applause. [applause] is now my pleasure to introduce our veterans service for 2017.on host the korean war veterans association of the usa. the

smith, executive director military chaplains association. jerry walden, national commander usa.n of valor of the david gibson, commander-in-chief worldry order of the wars. john adams enlistedtired association. washington, d.c. agent, congressional medal of honor usa.ty of the gary augustine, executive americandisabled veterans. dana atkins president military officers association of america. president air force sergeants association. board chair commissioned officers association of the states public health service. national commander polish liege usa.erican veterans not with us today is paul warner, national commander from jewish war veterans as they theot attend cemetery on shabbat. they will celebrate veterans day andhe vietnam wall world war ii memorial. the associate members of the committee are located in the to my left. i would like to ask the presidents and national that compromise our associate membership to stand and be recognized. ladies and gentlemen, please join me in recognizing our veterans national leadership applause. [applause] is now my pleasure to introduce our veterans service for 2017.on host the korean war veterans association of the usa. the

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smith, anal sean jeffrey for the score there. the eagles eagles defense even got in on that scoring birrage early fourth, derrick barnett strips prescott. nigel adams yards to make it a laugh nerve big d. birds up 30, win 37 to nine. philly wake up. birds, eight straight wins, and they have the best records in the nfl. >> it is the strength that the team has right now, it is attributed to the leadership of the football team. the veteran players on the team. not letting things get, you know, too out of proportion with the group. you know, we talked about the injuries, the resiliency, next man up, the coaches, the coaches do great job during the week preparing these players. and the players right now just have that confident mindset. we're having a blast, tell you that, having a blast. i love winning this league, i lover dealing with these boys. >> eagles are scoring at a team record pace. they are 320 points through ten games is the most in the history of the franchise, carson wentz lead the nfl in passing touchdowns, with every everything working right now, guys, including the went wagon that's working. we're all on board. >> i just love, so humble

smith executive director military chaplain's association. jerry wall don, legion of valor of the usa. david gibson, commander-in-chief, military order of the world wars. john adamsngton d.c. agent, congressional medal honor society of the usa. gary augustine, executive director disabled american veterans. dana atkins, president, military officers association of america. jeff ladue, president, air force sergeant's association. dean coppola, board chair, united states public health services. mr. robert swan, national commander, polish legion of american veterans usa. not with us today is paul warner, national commander from the jewish war veterans, as they do not attend a cemetery on the chabot. they'll celebrate veterans day at the vietnam wall and world war ii memorial. the associate members of the committee are located in the boxes to my left. i'd like to ask the presidents and the national commanders that comprise our associate membership to stand and be recognized. ladies and gentlemen, please join me in recognizing our national leadership with your applause. [applaus [applause] >> it is now my pleasure to introduce our veterans service organization host for