it is my great pleasure to introduce these two wonderful gentlemen, james o'shea and james warren. [inaudible] general o'shea is a very good friend of mine. it's fitting for him to host this. [inaudible] what's more tonight is that >> james o'shea is a master electrician and put himself through college baidu eight electrical work.riweot and we have real work that needs to be done around here. hoping you would stick around after words to fix some of the lights. you know, jim moret he is say hell raiser and a former managing editor of "the chicago tribune" now writing hot for the cooperative ways to appears twice a week in the near times and on the website and known all over the country and all over the world and from capital gain and she writes for everyone including the a lipstick month late and double augur for the "huffington post" and with the sun times and kasten it pretty much everything. i am sure mostur of you know, have worked together and we have heard a lot of stories. one of my favorite how did james o'shea was so mad at james warren he screamed at him and hung up the pho

it is my great pleasure to introduce these two wonderful gentlemen, james o'shea and james warren. [inaudible] general o'shea is a very good friend of mine. it's fitting for him to host this. [inaudible] what's more tonight is that i'm doing the favor to james o'shea by doing this, and something you may not know about him is that jim o'shea is a master electrician. he put himself through college -- i don't know if you know this -- by doing electrical work, and so we have a lot of work that needs to be done around here -- [laughter] and i was hoping, jim, that you'd stick around afterwards and fix lights and things like that. [laughter] obviously, you all know james warren. he is a real hell raiser and a fabulous human being, former managing editor of the chicago tribune and now writes for the chicago news cooperative appearing twice a week in the "new york times" and also on cnc's website. he's a fixture in journal. i. you're all aware of that. he's known all over the country and, indeed, all over the world for frequent appearances on shows like capitol gang on cnn. he was the washi

we'll shaq about james shanl none and professor at warren school of business. professor of your and president europacific and larry glazer. mayflower advisors. it is a big topic and we have a few minutes to figure out if we'll see the demise of democracy. so good luck to us all. peter, do you think there is a link here? a lot of debt will deed to the destruction of democracy? >> absolutely. the framers of our constitution warned about perils of democracy. that's why we were established as a republic with a lot of safeguards to protect us from democracy. unfortunately a lot of the safeguards have been removed. unfortunately politicians to get elected promise something for nothing. we created a dependent class and borrowed money to provide for it. europe made the same mistakes. when you compound that with the fact that u.s. and europe, we decided unfortunately to bail out all the banks of a the financial crisis and we assume that debt on top of the debt from social welfare states and governments are broke. they have to level with the public and tell them that the