speaking with wealth inequality expert and author chuck collins a senior scholar at the institute for public policy studies here in washington d.c. and co-author of the book wealth and our commonwealth why america should tax accumulated fortunes welcome back to the truck the the the i.p.o.'s you're going to zation and the scholars there a track back fifty years of tax breaks and how they have benefited the wealthiest americans i'm going to show our viewers this first graph its income inequality data from tax insurance show that the top one percent of households in the united states received eight point nine percent of all pretax income in one thousand nine hundred eighty six but by two thousand and eight that top one percent share had more than doubled to twenty one percent how did that happen it was the consequence of the. well in the late one nine hundred seventy s. we started to see a number of rule changes in the society we stop taxing the top we stopped actually making the kind of commitments to investing in economic opportunity you remember in one thousand nine hundred eighty we had ronald reagan cam

develops in a public perception with regards to the war in libya inertia which some say could be very dangerous going to check on their will phyllis bennis from the institute for policy studies told me earlier that president obama's action goes against the american constitution earned public opinion both of these votes were really symbolic the vote would have been very significant if the house had voted to cut off funds but even that would not have had any direct impact on the ground because of course the senate dominated by president obama's own democratic party would never have approved that one the earlier vote was in some ways more interesting the vote that refused to endorse or give permission to the commander in chief president obama to continue the war in libya the law passed in one thousand seventy three at the height of vietnam requires the president to get congressional approval when he sends troops or military resources abroad within sixty days that sixty days has passed days ago and he has not asked for approval and this was a statement from the congress that they don't want to approve it that makes it a very illegal action within the context of the u.s. constitu

kevin is a senior fell sexow director of economic policy studies at the american enterprise institute for publicolicy research. before joining a.e.i., he was a senior economist at the board of governors at the federal reserve system, an associate professor of economics and finance at the grass roots school of business of columbia university. he was a policy consultant at the treasury department during the george h.w. bush and clinton administrations. he served as an economic advisor to george w. bush 2004's presidential campaign. and as senator john mccain's chief economic advisor during the presidential primary. he also served as senior economic advisor to the mccain presidential campaign. he is a columnist for national review. he earned his ph.d. in economics at the university of pennsylvania. doctor, welcome. our fourth panelist today, chad stone, a chief economist at the center on budget and policy priorities, where he specializes in the economic snals of budget and policy issues. dr. stone was the acting executive director of the joint economic committee here in 2007, and before that, staff

family council, the institute for marriage and public policy and the institute for american values calculated the annual cost of the breakdown of the family to u.s. taxpayers. the studyly direct costs of divorce and unwed childbearing. it was $112 billion a year. we cannot be any clearer. what is the prescription? let me assure you, the prescription is not another dose of costly government, but rather government taking a new hippocratic oath when it comes to family policy. first, do no harm. government from the time of the great society has devised ever more laws and programs that enable and encourage father absence. other decisions have devalued human worth, undermine personal responsibility, and chipped away at the cornerstone of civil society. something terrible happened along this path wake of court created rights. we forgot duty and honor. we ask less of men, and now today, they tell us we have reached the end of men. government does not need to spend billions more to change the course in this area. it should and can spend billions less. needs to encourage work, embrace the complementary nature of men and women, honor marriage and celebrate the family. that me b

. >> tiffin hassert is a senior fellow and tutor of economic policy studies at the american enterprise institute for public policy research. before joining the aei commission was a senior columnist of the board of governors with federal reserve system and an associate professor of economics and finance at the grassroots school of business at columbia university. dr. hassert was a policy consultant during the george h. w. bush and clinton administration. he served as the economic adviser to the george w. bush 2004 presidential campaign and as the senator john mccain's chief economic advisor during the 2002 primary. heels after served as the economic adviser to the mccain 2008 presidential campaign and is a columnist for national review. dr. hassert earned his ph.d. in economics at the university pennsylvania and dr. hassert. welcome. our fourth panelist today chad stone is the chief economist at the center on budget and policy priorities where he specializes in the economic analysis of budget and policy issues. dr. stone was the acting its ticket to the editor of the joint economic committee here in 2007 an

kevin hassett is a senior fellow and director of economic policy studies at the american enterprise institute for public policy research. before joining the aei, he was a senior economist at the board of governors, federal reserve system and associate professor of economics and finance at the graduate school of business at columbia university. dr. hassett was it was a consultant to the treasury department during the george h. w. bush and clinton administration. he served as economic adviser to the george w. bush 2004 presidential campaign and senator john mccain's chief economic adviser during the the 2000 presidential primary. he also served as the senior economic adviser to the mccain 2008 presidential campaign. he's a columnist for the national review. dr. hassett earned his ph.d. in university pennsylvania. welcome. our fourth panelist today, chad stone is the chief economist at the center on budget and policy priorities where he specializes in the economic analysis of budget and policy issues. dr. stone was the acting executive stricter of the joint economic committee here in 2007 and before that s

for me to be here at the school of advanced international studies. and institution that instilled generations of public servants. pragmatic approach to problem-solving that is essential for effective conduct of foreign policylly want to thank the merrill center for strategic studies for its emphasis on national security and for joining with the office of the director of national intelligence to introduce students to our intelligence community and inspiring the next generation of intelligence professionals. it is wonderful to see so many friends and colleagues i had the privilege to work with over many years. you have devoted your live to protecting this nation from many threats including the one that brings me here today that claimed the lives of some of our friends and colleagues. that is the continued terrorist threat from al qaeda. today we are releasing president obama's national strategy for counter-terrorism which formalizes the approach we have been pursuing and adapting for the last two years to prevent terrorist attacks to in short al qaeda's to devise. i am pleased we are joined by dedicated professionals from across the federal government who helped to shape our strategy and worked tirelessly ev

kevin is a senior fellow in the director of economic policy studies at the american enterprise institute for public policy research. before joining a.e.i., he was a senior economist, the board of governors, the federal reserve system, and associate professor of economics and finance at the school of business of columbia university. he was a politics consultant at the treasury department during the george h.w. bush and clinton administrations. he served as an economic advisor to the george w. bush 2004 presidential campaign and as senator john mccain's chief economic advisor during the 2000 presidential primaries. he also served as senior economic advisor to the mccain 2008 presidential campaign. he is a columnist for "national review." he earned his ph.d. in economics at the university of pennsylvania. dr. hassett, welcome. in our fourth panelist today, chad stone, is a chief economist at center and budget priorities where he specializes in the economic analysis of budget and policy issues. dr. stone was the acting executive director of the joint economic committee here in exetch and before that st

public policy institute did a study saying that there are few companies that moved out of state. >> i still remember those days when chevron moved. bank of america moved. these were huge partners for many decades. they were icons, if you will. they moved. what may not be as clear to people is what companies are located in silicon valley and brisbane that are not here. i would have thought they would have moved here first, but they are not here. when you look at those companies like google or hp or other silicon valley's, that is why i went down to talk to the silicon valley leadership forum. there ceo's -- their ceo's had a chance to coordinate with us. they were telling us why they would not moving to san francisco. that gave me another agenda that is not corporate welfare. what can we attract here for them? the key is education. we've got to have an intelligent work force that keeps them wanting to be here. that is the number-one thing. that is why i investing so much time in creating a strong connection with our city college, school district. they've got to make sure we have a very integrated education system. that will be a key for many years to come. they tell us in no uncert

public policy institute did a study saying that there are few companies that moved out of state. >> i still remember those days when chevron moved. bank of america moved. these were huge partners for many decades. they were icons, if you will. they moved. what may not be as clear to people is what companies are located in silicon valley and brisbane that are not here. i would have thought they would have moved here first, but they are not here. when you look at those companies like

public policy institute did a study saying that there are few companies that moved out of state. >> i still remember those days when chevron moved. bank of america moved. these were huge partners for many decades. they were icons, if you will. they moved.

public policy institute did a study saying that there are few companies that moved out of state. >> i still remember those days when chevron moved. bank of america moved. these were huge partners for many decades. they were icons, if you will. they moved. what may not be as clear to people is what companies are located in silicon valley and brisbane that are not here. i would have thought they would have moved here first, but they are not here. when you look at those companies like google or hp or other silicon valley's, that is why i went down to talk to the silicon valley leadership forum. there ceo's -- their ceo's had a chance to coordinate with us. they were telling us why they would not moving to san francisco. that gave me another agenda

the drug policy project at the institute for policy studies the policy to end the domestic and international war on drugs and replace it with policies that promote public health and safety as well as economic alternatives in the prohibition drugs economy. welcome, panel. [applause] we want to get the ball rolling and start with jasmine over there. we've been in the trenches together for a long time for sentencing reform and other issues evolving the criminal-justice system and i remember back to the early 2000 guess you could say as advocates we were equating the drug war with a system of jim crow in the country and the same during jim-crow and we can see the criminal justice system today. today our colleague michelin alexander offered maddock a very thought-provoking book sweeping the country, equating mess incarceration as the new jim crow. jasmine, what is this new jim-crow we are talking about? what are the collateral consequences to the office upon the relief of imprisonment, just what is the war cost, tell us about this jim-crow drug war. >> i'm delighted to be here with you this afternoon. i'm very said it has to be because the last 40 years our

co-director with his wife of the leon and sylvia panetta institute for public policy, which i've had the pleasure of speaking before, a member of the iraq study group, a secondof the caia, and first lt. as an intelligence officer. trusted adviser to the president and respected member of his national security team. in the course of two years, he has mastered the intelligence field, led the cia three very tumultuous time, restored badly damaged relationships with congress, and with the director of national intelligence, and carry out president obama's personal instruction to him to find osama bin laden. i have no doubt that his past experience and is capabilities prepared leon panetta to meet the major challenges before the department of defense. with knowledge of cia operations and analysis, he will come to the pentagon with a thorough understanding of the situation in afghanistan as well as the aggravating factors of our relationship with pakistan. through cia analysis, he has also well aware of the other contingencies around the globe, where the united states military may be called to deploy. director panetta is also well positioned to guide

co-director with his wife of the leon and sylvia panetta institute for public policy, which i've had the pleasure of speaking before, a member of the iraq study group, a secondof the caia, and first lt. as an intelligence officer. trusted adviser to the president and respected member of his national security team. in the course of two years, he has mastered the intelligence field, led the cia three very tumultuous time, restored badly damaged relationships with congress, and with the director of national intelligence, and carry out president obama's personal instruction to him to find osama bin laden. i have no doubt that his past experience and is capabilities prepared leon panetta to meet the major challenges before the department of defense. with knowledge of cia operations and analysis, he will come to the pentagon with a thorough understanding of the situation in afghanistan as well as the aggravating factors of our relationship with pakistan. through cia analysis, he has also well aware of the other contingencies around the globe, where the united states military may be called to deploy. director panetta is also well positioned to guide

co-director with his wife of th leon and sylvia panetta institute for public policy, which i've had the pleasure of speaking before, a member of the iraq study group, a secondof the caia, and first lt. as an intelligence officer. trusted adviser to the president and respected member of his national security team. in the course of two years, he has mastered the intelligence field, led the cia three very tumultuous time, restored badly maged relationships with congress, and wit the director of national intelligence, and carry out president obama's personal instruction to him to find osama bin laden. i have no doubt that his past experience and is capabilities prepared leon panetta to meet the major challenges before the department of defense. with knowledge of cia operations and analysis, he will come to the pentagon with a thorough understanding of the situation in afghanistan as well as the aggravating factors of our relationship with pakistan. through cia analysis, he has also well aware of the other contingencies around the globe, where the united states military may be called to deploy. director panetta is also well positioned t guide the

co-director with his wife of the leon and sylvia panetta institute for public policy, which i've had the pleasure of speaking before, a member of the iraq study group, a secondof the caia, and first lt. as an intelligence officer. trusted adviser to the president and respected member of his national security team. in the course of two years, he has mastered the intelligence field, led the cia three very tumultuous time, restored badly damaged relationships with congress, and with the director of national intelligence, and carry out president obama's personal instruction to him to find osama bin laden. i have no doubt that his past experience and is capabilities prepared leon panetta to meet the major challenges before the department of defense. with knowledge of cia operations and analysis, he will come to the pentagon with a thorough understanding of the situation in afghanistan as well as the aggravating factors of our relationship with pakistan. through cia analysis, he has also well aware of the other contingencies around the globe, where the united states military may be called to deploy. director panetta is also well positioned to guide

businesses and financial institutions large and small, as well as the evolution of the payment system, it will be important for all of those interested in sound public policy to study and carefully assess the impact of this rule on the well being of the affected groups and the fishtdsy and dynamics of the payment system in the years ahead. >> thank you. governor duke? >> thank you, mr. chairman. i want to start by acknowledging the quality and quantity of work that's gone into this proposal. in the initial proposal and the final the staff demonstrated the comprehensive understanding of the structure and economics of debit interchange. the individual members of the team brought their own experience, knowledge, insight, creativity and perhaps most importantly patience. this has not been an easy law to implement. i believe every effort has been made to choose carefully from among the schemes possible under this statute. issuers, networks, merchants consumers and other members of congress comments forcefully and passionately. the comments received were often in opposition to one another. as i read through each section, i concluded the final decisions reflect thoughtful

co-director with his wife of the leon and sylvia panetta institute for public policy, which i've had the pleasure of speaking before, a member of the iraq study group, a secondof the caia, and first lt. as an intelligence officer. trusted adviser to the president and respected member of his national security team. in the course of two years, he has mastered the intelligence field, led the cia three very tumultuous time, restored badly damaged relationships with congress, and with the director of national intelligence, and carry out president obama's personal instruction to him to find osama bin laden. i have no doubt that his past experience and is capabilities prepared leon panetta to meet the major challenges before the department of defense. with knowledge of cia operations and analysis, he will come to the pentagon with a thorough understanding of the situation in afghanistan as well as the aggravating factors of our relationship with pakistan. through cia analysis, he has also well aware of the other contingencies around the globe, where the united states military may be called to deploy. director panetta is also well positioned to guide

institution that has instilled in generations of public servants the pragmatic approach a problem selling which is essential for effective conduct of foreign policy. i especially want to thank the center for strategic studies for its emphasis on national security and joining with the office of the director of national intelligence to introduce students to our intelligence community and inspire the next generation of intelligence professionals. it is wonderful to see somebody friends and colleagues i have had the privilege to work with over many years. you have devoted your life to helping protect this nation from many threats, including the one that brings me here today and the one that has claimed the lives of some of our friends and colleagues -- the continued -- continued terrorist threats from al qaeda. today, we are releasing president obama's national strategy for counter-terrorism, which formalizes the approach we have been pursuing and adapting for the past two and half years to prevent terrorist attacks and insurer al qaeda's demise. i am pleased we are joined today by dedicated professionals across the federal government helped shape our strategy and it worked tirelessly every day to keep our cou

businesses and financial institutions large and small, as well as the evolution of the payment system, it will be important for all of those interested in sound public policy to study and carefully assess the impact of this rule on the well being of the affected groups and the fishtdsy and dynamics of the payment system in the years ahead. >> thank you. governor duke? >> thank you, mr. chairman. i want to start by acknowledging the quality and quantity of work that's gone into this proposal. in the initial proposal and the final the staff demonstrated the comprehensive understanding of the structure and economics of debit interchange. the individual members of the team brought their own experience, knowledge, insight, creativity and perhaps most importantly patience. this has not been an easy law to implement. i believe every effort has been made to choose carefully from among the schemes possible under this statute. issuers, networks, merchants consumers and other members of congress comments forcefully and passionately. the comments received were often in opposition to one another. as i read through each section, i concluded the final decisions reflect thoughtful