you are not day defense specialist let's bring in benjamin friedman from the cato institute. it is terrible. the republicans are hysterical. >> so is the pentagon but it is 10 percent to bring us to where we were in 200which adjusted for inflation was not a crisis year. they have gotten spoiled with years of luxury then en they cut the budget they scream to the heavens. john: leon petta says it would be irresponsible, senator mccain and gramm, the draconian cuts represent a threat to our national-security and must not occur. >> it is not the best w but it could be useful so it will force us to make choices. we try to be everything. deliver peace and prosperity to pretend every unstable country is the threat to an to bid the stae countries so we may have to reconsider and prioriti. john: obama talked-abouthe miliry being forced for things they don't want. i was skeptical but the tanks the pentagon says they have exceeded space and weight and power but the chief of staff warfare has changed we will never see a straight conventional conflict again but congress insists to buy mor

john: jerry taylor from the cato institute.tal ball will predict we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] john: now that the election is over what will four more years bring? looking into my magic ball i see lindsay lohan back in rehab. justin bieber reaches puberty and the regulatory state will grow by another 12,000 pages. yesterday beater reaches puberty in health care costs more than the international debt will be up to $20 trillion over four years. the mainstream media will say that the democrats didn't accomplish what they thought because they need more time come and of course the republicans have obstructed the progress. i don't think i need a crystal ball to see that. but wait, let me turn is o

john: jerry taylor from the cato institute.crystal ball will predict the next four years. ♪ buy 5-hour energy pink lemonade and ♪ ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ john: now that the election is over what will four more years bring? looking into my magic ball i see lindsay lohan back in rehab. justin bieber reaches puberty and the regulatory state will grow by another 12,000 pages. yesterday beater reaches puberty in health care costs more than the international debt will be up to $20 trillion over four years. the mainstream media will say that the democrats didn't accomplish what they thought because they need more time come and of course the republicans have obstructed t

john: jerry taylor from the cato institute.l ball will predict for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. john: now that the election is over what will four more years bring? looking into my magic ball i see lindsalohan back in rehab. justin bieber reaches puberty and the regulatory state will grow by another 12,000 pages. yesterday beater reaches puberty in health care costs more than the international debt will be up to $20 trillion over four years. the mainstream media will say that the democrats didn't accomplish what they thought because they need more time come and of course the republicans have obstructed the progress. i don't think i need a crystal ball to see that. but wait, let me turn is over. there is some good things that happen. more states legalize weed

russ, you're not a defense specialist, so let's bring in ben friedman of the cato institute. it's almost a 10% cut, i'm told. it's terrible. the republicans are hysterical about this. >> the pentagon is hysterical about it. both parties are hysterical, but it's about 10% which would bring us roughly back to where we were on defense spending in 2006. >> which adjusted for inflation. >> it was not exactly a crisis year in the pentagon. it's really a minor cut. they've gotten very spoiled at thale pentagon. they had years of luxury and big increases, and siso as soon as u cut the budget a bit, they scream to the heavens. >> john: defense secretary leon panetta said it will weaken our defense system, be irresponsible. senators mic mr. being cain and graham. these draconian cuts represent a threat to our national security and must not occur. >> i don't think that's the best way to cut the defense budget but it could be useful. we need bigger cuts in the defense budget because we do too much. this will force us, i think, to make choices. > >> john: what do you mean we do too much.

john: jerry taylor from the cato institute.y crystal ball will predict my crystal ball will predict the next four years. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into iti'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks

you are not day defense specialist let's bring in benjamin friedman from the cato institute. it is terrible. the republicans are hysterical. >> so is the pentagon but it is 10 percent to bring us to where we were in 2006 which adjusted for inflation was not a crisis year. they have gotten spoiled with years of luxury then when they cut the budget they scream to the heavens. john: leon panetta says it would be irresponsible, senator mccain and gramm, the draconian cuts represent a threat to our national-security and must not occur. >> it is not the best way but it could be useful so it will force us to make choices. we try to be everything. deliver peace and prosperity to pretend every unstable country is the threat to an to bid the stable countries so we may have to reconsider and prioritize. john: obama talked-about the military being forced for things they don't want. i was skeptical but the tanks the pentagon says they have exceeded space and weight and power but the chief of staff warfare has changed we will never see a straight conventional conflict again but congress in

john: jerry taylor from the cato institute. my crystal ball will predict the next four years.ection is over what will four more years bring? looking into my magi ball i see lindsay lohan back in rehab. justin bieber reaches puberty and the regulatory state will grow by another 12,0 pages. yesterday beater reaches puberty in health care costs more than the international debt will be up to $20 trillion over four years. the mainstream media will say that the democrats didn't accomplish what they thought because they need more time come and of course the republicans have obstructed the progress. i don't think i need a crystal ball to see that. but wait, let me turn is over. there is some good things that happen. more states legalize weed and the feds will start locking up people. gang members find useful work, drug use is no longer cool, and taxpayers save millions. >> i pronounce you both arried. stossel: more americans are married. school choice becomes an issue. bureaucrats couldn't stop it. parents demanded. americans learn practical economics and military spending is lower. t

patrick michaels in washington he is the director of the center for the study of science at the cato institute in our work we have done the rand corp he is a former professor of physics at the university of ottawa and then where we crossed to richard noam he is a lecturer at the university of edinburgh all right gentlemen crosstalk rules in effect that means you can jump in anytime you want patrick you're in washington do you think in the wake of the storm there will be a new debate a new discussion about climate change because the two presidential candidates two major ones don't like to talk about this issue. yeah and they're still not going to talk about it climate change is the third rail of american politics it's recognized that the cap and trade bill that the house of representatives passed in two thousand and nine cost the democratic party the control of the house of representatives so nobody wants to go there right now ok richard i mean so it's just about politics nobody really cares about the earth everyone just cares about elections well i mean in america you've got massive massive fu

host: from the cato institute -- from the cato institute, julian sanchez joins us. from the democrats' line, go ahead. caller: my question is, how does this affect everyday people like me. i guess i have an expectation that my e-mail should be private, or i would like it to be. i guess my overall feeling is it is not. why is that? how much can the government go through my e-mail to see if it is something or not. what are my rights? it is kind of scary. it seems like everybody and anybody can read that. do we have any rights to privacy? what can the governm to me? guest: the issue here is that there are a series of supreme court decisions back in the late 1970's that developed the third party doctrine. the idea is when you turn records or data over to a third party like your bank, phone company, you lose your expectation of privacy. these pieces of information become part of'that s business records. business company's records. unfortunately, it was taken to mean in a modern communication system where e-mail and other kinds of digital communications by definition and

climatologist pat michaels of the cato institute has estimated 40% of his funding has come from fossiluel interests. >> ...of politics getting into science. >> hockenberry: exxon at one time was one of heartland's most generous donors. >> there were a lot of corporations, including oil companies, that objected to the kyoto accords in 1997. but most of them lobbied against the treaty on economic and fairness grounds. but exxon did something that i think was fairly radical, which was that they chose to go after the science. >> and as for carbon dioxide, it isn't smog or smoke; it's what we breathe out and plants breathe in. >> hockenberry: borrowing tactics used on behalf of the tobacco industry, advocacy groups were enlisted to confuse the issue and shut down new federal regulations. >> they call it pollution, we call it life. >> a lot of these groups were run by economists, litigators, lawyers and public policy specialists-- people who specialized in getting a message out. >> hockenberry: this group may not have been scientists, but they were really good at this sort of thing. >> well,

patrick michaels in washington he is the director of the center for the study of science at the cato institute in ottawa we have been the rand corp he is a former professor of physics at the university of ottawa and then where we cross to richard noam he is a lecturer at the university of edinburgh all right gentlemen crosstalk roles in effect that means you can jump in anytime you want patrick you're in washington do you think in the wake of.

very highly of china's dream you know he's going to buy the temperature contrast i work for the cato institute i'm not i'm sorry the strength of the jet stream is driven by the temperature contrast between the poles and the equator ok in a greenhouse enhanced world that temperature contrast relaxes because the polar areas wore more now in fatter than it was really should just not worry that juiced up hurricane sandy. no no it just it just weakens and hurricane sandy was actually enhanced by a very strong jet stream the opposite of what would occur under a greenhouse warming scenario sorry and greenhouse warming is real by the way i'm not you know that's obviously a little and let's let's not even go there ok richard you want to say something before you and i don't really go to the jury richard go ahead. i want to go there the head of a lot of people the u.s. senate who do go there and they're funded by the oil industry they're funded to say there's no such thing as greenhouse effect as a tool and i wish patrick was would give some of your expertise to those people and tell them you guys a row

i'm joined by a week shapiro in richmond he is a senior fellow in constitutional studies at the cato institute and in philadelphia we crossed and in he is a writer and blogger for counter approach all right gentlemen crosstalk rules in effect that means you can jump in anytime you want ok lynn i'd like to go to you first in philadelphia how would you describe the selection here and how is it different from the election of two thousand and eight because we had citizens united in between time and i think you know where i'm going well in two thousand and eight there was a lot of optimism after that it was a bush there was a lot of hope specially among american progressives that change was coming and it hasn't really hasn't at all actually so this time is more measure of enthusiasm for obama and i'm surprised there's anything easy as a model and this is certainly not an endorsement of romney because what we've seen is a continuum of american policy especially american foreign policy so from bush to obama to whoever comes next whether romney or obama in the next four years obama would be remarkably

. >> good afternoon welcome to the cato institute. i am the director of financial regulations here at cato and i'm also honored to serve as the moderator for today's book form. when reading press coverage of the financial crisis one possibly constant we comes across phrases such as the bank said this in the bank said that. there is no one response to the financial crisis or to the events that preceded it. different firms took different approaches. while several ceos and their boards made poor decisions that eventually led to their failure, others made good decisions, prudent decisions and sometimes brilliant decisions that not only save their firms but also about these firms to game gain a share and come out of the crisis stronger than ever. while in my own writings i have tended to place considerable emphasis on the poor public policy choices that caused this crisis is important to keep in mind that not everything responded to these policies in the same manner. consider from him at the role of monetary policy leading up to the crisis.

election night with president obama and his fans, and a real expert on individual freedom, the cato institutes. >> i'm zach from florida, and i was curious of your future plans at the 2016 election, and if that's in the plans. >> well, i think that the last thing people want to hear right now is anybody with future maps going to 2016. i mean, that's like sticking the finger in the throughout ready to throw up just over how sick we are ofresidential politics at this moment, but staying involved, trying to provide a voice here for issues that i think are really important, and those issues are civil liberties, and those issues are spending, nd those issues are the endless wars that we find ourselves in creating more enemies to the country than fewer. john: on the scale between fun and horribly grueling, what was the campaign like? [laughter] >> it was exactly that. [laughter] it was fun to horribly grueling. looking forward here to fun here, so looking forward to fun. [laughter] >> governor johnson, i heard yourself and judge gray filed a case of the anti-trust laws of the republicans and democr

election night with president obama and his fans, and a real expert on individual freedom, the cato institutedavid bowes. >> i'm zach from florida, and i was curious of your future plans at the 2016 election, and if that's in the plans. >> well, i think that the last thing people want to hear right now is anybody with future maps going to 2016. i mean, that's like sticking the finger in the throughout ready to throw up just over how sick we are of presidential politics at this moment, but staying involved, trying to provide a voice here for issues that i think are really important, and those issues are civil liberties, and those issues are spending, nd those issues are the endless wars that we find ourselves in creating more enemies to the country than fewer. john: on the scale between fun and horribly grueling, what was the campaign like? [laughter] >> it was exactly that. [laughter] it was fun to horribly grueling. looking forward here to fun here, so looking forward to fun. [laughter] >> governor johnson, i heard yourself and judge gray filed a case of the anti-trust laws of the republican

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. >> hi, alex from the cato institute. there seems to be some disagreement on the panel about whether guest worker visas are a good way to go forward or not, and ramesh comes at it from an assimilationist point of view, and brad comes at it from this is a good way to work it, we can take some strain off the black market entry, provide businesses what they need. it seems like most hispanic immigrants throughout the history of the united states who have come in, it's a circular flow. they want to come in, work, go back to their home countries with the savings. this mirrors italian immigration that happened essentially before as well. since we're not going to get a massive increase in green cards to make up for the number of hispanic workers who come in, why can't worker program, you know, fill this more effectively? um, as a temporary solution or something that can work well given how it is a circular flow? >> well, i think it can. i think it can. the cfr report showed that 30% of the people who are here in undocumented stat

lenny, i talked to some people today from the cato institute, they say charitable giving is always 2%, and they say furthermore, take the reagan years, the tax rate went way down. the valuable went way down, right? well, guess what, we had record-breaking charitable contributions. >> i think people will still give, but in an economic time when we ask -- the argument from the democrats is we're asking them to pay a bit more. if they're going to still give, are they going to give things to people such as the united way, give away the furniture, the clothing, money, or do we want them to give something that will build self-per pet waiting money? give to people that are going to build charter schools, give to people who will invest in stem research? give to people who will bring jobs to communities that need it is it we had to give back to healing the economy not just money into band ace. yesterday, the united way does great work, but let's be honest, there's a lot of bureaucracy involved. that money goes to the bureaucracy. perhaps we trim down the bureaucracy in the money we're going to

let's talk about with michael cannon of the cato institute of health policies.he company did the right thing and should go further to protect patients. >> barbara fisher says we should reach out to trihealth for comment -- i'm saying we reached out to trihealth and they declined comment. barbara, make the case why the company is out of line. >> vaccines, carry two risks. the vaccine will kill you or the risk the vaccine will not work at all. we know with flu vaccine it only works about 60% of the time. we know that the leading tault claims paid out by government under national childhood injury act of 1986 have been for influen influenza. forcing health care workers to engage this this medical risk taking is violation of informed consent rights. that's the progress taking by my organization, but also by osha and the afl-cio and american federation of teach efrz. >> michael, why do you think the firings are fair? >> i'm not sure the hospital should be requiring this but there are two issues here. one, does the hospital have the right to do this? i think unquestion

pat michaels is director of the cato institute and i'm joined by nick kristof of the times.ou are skeptical that any of this that we've seen from hurricane sandy and the other big weather interventions over the last year is much to do with climate change. why? >> well, first of all, you know, the planet is warmer than it was and people have something to do with it and the ocean is warmer than it was 40 years ago. you would think that everything else being equal that would result in a frequency or power. and that's one thing we can look at to see if it's happening. now, i have an illustration that i gave over there that shows something called the accumulated cyclone energy beginning in 1972. that's when satellites began to go up so we can sense all of the hurricanes. and it shows no change between 1972 and now. in fact, if you look at the data, the recent years are at or near the lowest value for hurricane energy in the entire record. >> you have been watching this saying, that's all very well but we've just been hit by the biggest storm that anybody can remember. also, mayor

we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big potential problem. it would no doubt cause prices on homes to fall? liz: to rise? >> i'm sorry. liz: if you took the mortgage deduction it would cause prices to rise. >> we would see prices fall because the demand for homes would teeter. this is big decision whether deciding to rent or purchase. you remove that incentive people will drop out of the marketplace. all of sudden a lot of potential homebuyers would-be homebuyers drop out of the marketplace and cause decline in prices up to 10%. this could really undermine any momentum we've seen in the housing market as of late. liz: that is interesting point of view because when i'm looking at buying a house you discount momently payment you will be how much you save on taxes. to me the price of owning a home would go up because i don't have the deduction. if you say falling in concert maybe the whole thing washes o

. >> cato institute says this should be expected, companies need to protect themselves.hael mandela couldn't disagree more. he says it's nonsense. companies are tightening the purse strings when they have so much cash. michael, any incentive right now? why do you think this is poppycock, the fiscal cliff is not leading to companies investing? >> let's look at it addition let's take a closer look at spending patterns. what's happening is that tech investment is still rising. in fact, tech investment hit an all-time record in the third quarter. it's nontech spending, nontech investment that's collapsing. that has a lot more to do with fundamentals than it does to do with the fiscal cliff. what's happening is that this is becoming a data-driven world. companies continue to spend on technology at record level. at the same time, there's a slowdown globally leading companies to sort of pull back on their spending. so, when i look at this, maybe there's an effect to the fl fiscal cliff and maybe not. these are bigger forces going on. have you to look at technology spending. >>

like me from the cato institute declaring myself and abroad and therefore being supportive of it's out of the reform and sang even the liberal kato institute endorses entitlement reform. >> taking it back words -- bill kristol has been on record saying it conservative did not want to be the war party, he would join up with the liberal hawks -- the democrat liberal hawks. i am not quite sure where it is the plural in democrat liberal hawks. i get to one and then i cannot think of more. but it was an odd sort of threat but it was kind of an explanation that he does not see himself as a mainstream reagan republican, that everything -- not reaganite foreign-policy but hawkish foreign policy. is not surprising. it is what he does, but it is not at all transferable. there isn't a caucus in the house and senate that falls and that kerkorian -- in that category. there are some people who are appropriators who are always in danger of going to the dark side. the joke -- three parties in washington -- republicans, democrats, and appropriators. that has been approved -- improved a little bit with

about it with caved callahan, co-founder and senior fellow at demoss and dan mitchell from the cato institute. why should we raise taxes on every american? >> brian, if you remember that bush tax cut when first enacted in 2001 was meant to be temporary and it was enacted at a time when we thought we had budget surpluses which turned out to be overstated, and even looking back retroactively, it wasn't affordable at the time which is why we racked up a huge amount of debt under george bush's presidency and it is certainly not affordable now, those bush tax cuts. the problem is if you only get rid of the tax cuts for the rich, it doesn't raise that much revenue. big money is in those middle class tax cuts. that's why i think, unfortunately, we have to get rid of all of them eventually. maybe not on january 1st but certainly in the near future. >> listen, i don't like the tax hike heereither. but it bears repeating, the president's tax plan is about six to eight days of government operating income. that's it. it is not going to do anything really. dan, that aside, you think bad idea, don't raise

doctrine is that these right-wing think tanks leak the american enterprise institute and the cato institutee foundation, they historically have gotten very, very good at seizing these moments of opportunity to push through their wish lists of policies and often their wish lists of policies, after hurricane katrina there was a meeting at the heritage foundation just two weeks after the storm hit. parts of the city were still under water and there was a meeting and "the wall street journal" reported from it and the heading was 31 free market solutions for hurricane katrina and you go down the list and it was -- don't re-open the public schools. replace the public schools with vouchers and drill for oil in anwar and the arctic national wild life reserve and what kind of free market solutions are these? here you have a crisis that was created by a collision between heavy weather which may or may not have been linked to climate change and what climate change looks like and colliding with weak infrastructure because of years and years of neglect. let's get rid of the infrastructural together and