our guest host today is arthur brooks, president of the american enterprise institute. r of the road to freedom, also of the battle. and arthur i want to start just quickly with you. okay, so your point, and we were talking about it, welcome, good to see you. out of the $26 billion, we got a $1 trillion deficit. this raises how much in revenue, $62 billion or something? >> about $62 billion a year. >> $620. your work is that 50 billion out of 62 billion goes to corporate cronies? >> yeah, the first two years $100 billion is going to corporate cronies. payoffs to corporate clients of the government effectively. and all kinds of crazy stuff. algae producers, rum producers. >> renewable crap. >> the wind guys that are a big deal. frankly what it means is that 80% of the new tax revenues are going right into the pocket of corporate cronies. >> so people that call redistribution, that's -- it sounds good to him that he's trying to help the -- he always calls them folks, rich folks got to pay a little bit more. >> the rich folks. the other rich folks. >> but the rich folks are

. >> can i play a sound bite for you when it comes to spending from arthur brooks, the president of aei, who was on "squawk box" this morning and take a listen to what he said. >> sure. it's pretty clear that obama believes that the only problem that we have is be a undertaxing problem in this country. >> for medicare as well? >> everything, everything. there's no indication that he honestly believes that we have a spending and entitlement problem in this country that can't be taken care of through the fiscal consolidation that comes around by taxing people. >> i agree with him, sir. i do not believe that president obama wants to cut spending. do you think he does? >> yeah, i do. i don't think he wants to cut it enough and won't go as far as i want him to go, but, you know, he's laid out $375 billion worth of cuts in things like medicare that are at least a good start. >> but with all due respect, $375 billion in cuts, that's over ten years, right? every month we spend $100 billion more than we bring in. $375 billion over ten years when you're spending 100 billion more per month than yo

supports adis external affairs and student outreach teams as well as marketing and outreach for arthur brooks latest book, the road to freedom, which i highly recommend if you haven't had a chance to read. she's a member of the america's future foundation planning committee on which he asserts as 2010. the shyness and welcoming, laurie sanders. [applause] >> thanks, roger and welcome to the american enterprise institute. i'd like to thank america's future foundation for their willingness to host this event and hope you'll take roger's words to heart and look into events and wonderful opportunities for young professionals. since the 2012 election it seems immigration reform hasn't left the news. we hear numbers bandied about left and right from this one piece by ezra kline with a 110 of the population is foreign-born. one quarter technology and business has started between 18 and five in thousand five p1 half of silicon valley startups have a foreign-born founder to be here but the numbers of these as america's issuing any macros we can expect are increased immigration in the here but the most

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