corner arches warless or spoke to dean baker about this he's the co-director of the center for economic and policy research and she wanted to start off with his take on what exactly is going on here. we were close to our political theater it certainly meant cancer walk out last week said their campaigns tax increases that clues political theater i'm sure planned their long time in advance the can do it happened so it was obviously theater and they know there's no way they're going to have an agreement with president obama that doesn't involve some type of tax increase whatever they want to call but it's going to have to involve some some revenue increase in their parts theater and are they actually making progress i guess they will because you know at the end of the day they are going to have to have a deal so you can visualize two two series basically one is that they come to some sort of deal in the not too distant future they'll turn it was you actually get to this deadline on august second and that's a hard and fast deadline but somewhere there are about and at that point secretary geithner presumably

up again can the white house and congress ring to deal for august when it come to that topic and more with dean baker co-director of the center for economic and policy research in just a moment. seven thirty am in moscow zero r.t. headlines criminally responsible libya's colonel moammar gadhafi officially charged with the killing of anti-government protesters the international criminal court also wants gadhafi son saif and another close aide in the dock for the deaths it alleges happened at the beginning of the popular uprising. troubled waters ahead a fleet of ships carrying humanitarian aid for gaza gets ready to leave greece and israel says it's gearing up to intercept the convoy after withdrawing earlier threats to ben and the port journalist sailing with the flotilla. public anger growing at tokyo's handling of the fukushima nuclear disaster as fifteen people living outside the exclusion zone are diagnosed with radiation poisoning the government has stepped up health checks but official figures have been met with skepticism following conflicting reports from authorities. time now for part two of the alone a show from our washington studio stay with us.

heating up again can the white house and congress we can deal for august when for that topic and more with dean baker co-director of the center for economic and policy research in just a minute. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else and here's some other part of it and realize that everything is sort of. a trump card is a big. deal . yet.

thanks for joining you guys and have a good weekend at the night's show thanks for tuning in and make sure you can back on monday baker from the center for economic and policy research will be on the show to discuss obama's meeting with senate leaders on deficit reduction for the meantime to forget become a fan of the large show on facebook and follow us on twitter if you missed any of the nights for any other nights you can always catch. flashed a lot of show where we post interviews as well as the show in its entirety and coming up next is adam vs the man. innovation cluster in the center of siberia one city has revolutionary ideas for the automotive industry miracle manages the sodium fiction story out of software to make the screen and the building blocks for russia's first nationwide four g. network home schooling stop on the edge of. the future covered. a telemarketer broadcasting live from washington d.c. coming up today on the big picture.

beg for joining me guys and have a good weekend but a night show thanks for tuning in and make sure you can back on monday the baker from the center for economic and policy research will be on the show to discuss obama's meeting with senate leaders on deficit reduction in the meantime to forget become a fan of a lot of show on facebook and follow us on twitter if you missed any of tonight's show or any other nights you can always catch. flash heal our show where we post interviews as well as the show in its entirety and coming up next is adam vs the max. hey tom are in here broadcasting live from washington d.c. coming up today on the big picture of. wealthy british style. time. markets finally. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to cause a report on our cheap.

thanks for joining you guys and have a good weekend there but a night show thanks for tuning in and make sure you can back on monday steve baker from the center for economic and policy research will be on the show to discuss obama's meeting with senate leaders on deficit reduction in the meantime to forget become a fan of a lot of show on facebook and follow us on twitter if you missed any of tonight's show or any other nights you can always catch the. flash deal on a show where we post interviews as well as the show in its entirety and coming up next is adam vs the man. innovation cluster in the center of siberia one city has revolutionary ideas for the automotive industry you're a cool bandages that's some of the infection straight out of the software to make three d. goggles free and the building blocks for russia's first nationwide four g. network tomes going top don't take such a big. leap to the future covered. seventy six hours of intense fighting. six thousand dead at a beach front battlefields several kilometers long. and now there is only one person who cares. to see it we are surrounded by garbage everywhere but also there are. on this beach which of course is a v

and the e.u. are thousands of greeks in the streets of athens for more on this i'm joined by mark weiss brought home ponder of the center for economics and policy research plug in back thanks great to be here great to have you with us greece's unemployment rate is already at sixteen percent and it seems that at least a good chunk of this is the result of these forced austerity measures if they cut even more government spending lay off even more people unemployment going to go up revenue collection is going to go down. how is this supposed to work well it's it's really not going to work. if you want the argument that the european authorities and the i.m.f. would. they would say that eventually the economy recovers because wages fall enough because of the huge unemployment and that the economy becomes more internationally competitive and recovers through an improving trade balance that's the theory that's the theory they dumped on us twenty years ago too with you know this this whole well that's a whole other argument that we have seen that played out i mean you're talking about milton friedman and and chill a. happened in the many of the former soviet so

heating up again on the white house and congress repealed for august but in from the topic and more with dean baker co-director of the center for economic and policy research in just a moment. into a little bit with three mechanisms you don't work to bring justice or accountability. i have. to go with my government if you want to know why i. would characterize obama as the charismatic. of american exceptionalism.

revenue source and a time when everybody sister of the little budget absolutely at the center for economic and policy research estimates about one hundred fifty billion dollars a year could be raised on this kind of attacks. it would if the winner sir thank you so much for dropping by tonight thank you. i'll have more on why wall street needs to meet with its proper place and still it's a. crazy alert are you playing with a wiener doll and on live action figure company that specializes in making talk of the town dolls like sarah pailin of iraq obama's releasing its latest creation the anthony weiner action figure that's right the company's not letting wiener the fade away without taking advantage of it if you anthony weiner figure is dressed in gym clothes retails for thirty nine ninety five another more anatomically correct adults only version of the anthony weiner dollars selling for ten bucks more let's just hope the action figure company is not planning a special end of the year rerelease of the anthony wiener doll to top everyone's christmas lists the tickle me wiener dog. coming out in jersey governor c

the rich in corporate or to discuss this with me is the baker co-director of the center for economic and policy research thanks so much for being here tonight it's actually i think you meant tax increases being on the table and the nobody said the tax cuts attacks against excuse me excuse me increases of course thank you for correcting me. what first of all what was your reaction last thursday when after weeks of these supposed negotiations that have been going on suddenly bantering cantor decided just walk away you know this is theater i mean there are people who say they're basically been running around saying no new taxes ever so they have to show us we walked out we want property taxes at the end of the day are they going to come back or is mcconnell going to have a deal that some tax increases if they have a deal it will have some tax increases or maybe they're going to pass it off to mcconnell going to come back with their arms twisted and go it will do it the other alternative is there is no deal we get to you know their august second or they're about to be circular geithner says you know look we

actually doing what we're asking them to do and that was dean baker co-director of the center for economic and policy research with our own moralists are. turning now to libya were many libyans say you know national criminal courts arrest warrant for moammar gadhafi it's all just a cover for nato attempts to kill colonel gadhafi but he also calling for nato leaders to be held accountable for their actions to the violence and devastation continues there are to correspondent more if an ocean is just one of the few of our reporters on the ground there and has more on what this all means. the road from the capital chiefly to do. is lined with the aftermath of war towns abandoned as the population fled the balkan and. this is what's left of the airport in the siege of. homes of one of the country's key oil refineries the last plane to go from this runway just hours before it was hate. to say so it's only heating the targets of military value state these telecommunications power to stop it out of its troy in a tight spot this is a safe way to strikes and they've also accidentally. two cars and killed two civilians

corner lauren lyster spoke to dean baker about this he is the co-director of the center for economic and policy research she started it she wanted to get from him his take on exactly what's going on here. well we're close a lot of political theater and certainly cancer walked out last week said their campaign is tax increases the clues political theater i'm sure planned i want time in advance the thing knew it happened so it was obviously theater and they know there's no way if they're going to have an agreement with president obama and it doesn't involve some type of tax increase whatever they want to call it connected by some some revenue increase so they're parts theater now are they actually making progress i guess they will because you know at the end of the day they are going to have to have a deal so you envision those two series basically one is that they come to some sort of deal in the not too distant future they will turn to those who actually get to this stead line august second and that's a hard and fast deadline but somewhere there are about and at that point secretary geithner personally

for all the revolutions and wars and economic uncertainty the rift between washington and burley is getting deeper. for more locals visit out. talk to mark weisbrot from the center of economic and policy research joining me from washington d.c. well we're all smiles on the surface as we just heard in that report an award for angela merkel of course to be given to her by a bomber how big is this division which we've been hearing about and so much detail in that last report i'm referring to how big is that divide between the two leaders ease it really that serious. well there are issues i think that are not going to be that easily resolved the the war in libya for example you know the united states was kind of pressured to do this by britain and france there's our own defense secretary was against the pentagon was against the president really didn't want to first in there in and now the congress congress is really against they just rebuked obama last friday by a large margin and the american people don't want this war either so that's a problem he's not going to i don't think he's going to go anywhere with germany on that well he is getting somewhere isn't it because she's actually said that ger

economic recovery from slowing down and what should we really be focusing on anyway our debt or jobs here to offer his take on this is dean baker co-founder of the center for economic policy and researchand the actual economist . and they certainly are great to have us with it great to have you with us. our debt our national debt. if we were to put that in the context of a mortgage on your home for example. most people don't look you know if they've got one hundred thousand dollars mortgage on their house or whatever it is they don't look at it i got the repairs on mortgage i don't have you know right now how do i make that much how can they what they do is they look at and they go is it hundred seventy dollars a month and payments can i afford that is the real question can we afford the three hundred billion or so it is in annual interest payments on our debt rather than getting hysterical about the this right i mean you care about the amount of interest the drain on the economy of pain and interest and currently it's less than two percent g.d.p. by comparison if you go back to the early ninety's when president bush worked through office president clinton came in it was almost five p

for the i.m.f., is a professor at the m.i.t. sloan school of management and a fellow at the peterson institute for international economics. mark weisbrot is co-director of the center for economic policy and research. he studies international economic issues. welcome to you both. let's just start with the broad question-- for debt-strapped countries, like greece, do austerity-- a combination of tax exphikz deep spending cuts, does it work? >> it's painful. there's no question about it. you're seeing that right now in greece, but sometimes, unfortunately, it's unavoidable. you can argue about the pace of the austerity, perhaps find a better way to do it, have more financial support from outside the country but when you're in the wagz greece is in, it's very hard to find an alternative that doesn't involve austerity. >> warner: mark weisbrot. >> i think there are always alternatives. if your unemployment has doubled and economy is expected to shrink just as much next year as last year and you're making massive budget cuts and tax increase. there is an alternative. >> warner: are you saying it doesn't work? >> yeah, it doesn't work. i think simon would agree and most economists would say in the short

forces and more street put us through the open pay attention to the time as a goldman sachs were saying we need more spending now with dean baker co-director of the center for economic policy research with our own lauren lyster after we do it for now for more on the stories we cover get r t got com slash usa i'm christine for a sound. i was just thinking about my future before the foreign companies came i dreamed of owning a cam cutting factory. but we have less carbonation now. some business or come here make fun of me. figure out garbage boy i'm not bad like people think. i'm a good person. it's just the people don't see me. but i feel it was time people like me. that i feel people will start to appreciate us. if. it. is easy. to. see. live. bringing you the latest in science and technology from around the world. we've got the future covered. download the official placation enjoy the i phone the i pod touch from the i choose out still. love life on the go. video on demand tees and live broadcasts and r.s.s. feeds now in the palm of your. question on the com. but it may be ill help me with this well i also need to put on my socks help me first years of love. and not just just give