he works at the kato institute. and fraud policy. and david is creative officer with the marketing agency that supports resurgeness in american manufacturing. welcome to the stream. so dave, for a lot of americans, walking up to the register with something proudly made in america makes you feel like you're doing your part to help american companies and keeping american jobs. does made in the usa really mean made in the usa? >> it depends on how you define it. if you go by the fcc, it's fairly rigid. i have a terrible echo, but made in the usa is often something that companies leverage, and in fact, it may not be made in the usa at all. and that's a travesty. but the flipside, sometimes things are made in the usa in part. imagine the suit that's made with italian fabric, but the cut and sew is in this country, and it's partially a good thing. so there needs to be inclusion in this. >> why does it matter. >> for three reasons, local tax, and local jobs, and there's a sense that wages are under pressure because they have been, and that

the kato institute predicted that? are you happy? >> yes, we're happy to have been proved right. everybody knows you can't have the government, at least they should know, you can't have government central planning create more things for more people and have it cost less. we could have more stuff for less money if we made people consumers of their own healthcare and had some skin in the game, if they had their own, if they were paying out-of-pocket for these things, but since we're not doing that, moving away from it, of course it will get more expensive. >> wait a second, people don't get that. people say these private insurance companies make a profit by having government man date that the profit isn't too much and organize things better, that that will be cheaper for all. payment is going. and when people are not personally invested in what they are buying,. >> my biggest concern is that it's been a disastrous and this is as good as obamacare will get. and those programs were relatively efficient early on. and now we see that they are bankrupt and the rest of the country. and e

now, that is my view, but let me mention to you what the kato institute has to say. not bernie sanders, but the cato institute, one of the most conservative organizations in this country. here is what the cato institute said on may 3, 2013. and by the way, as i think most of you will know, my views are as far apart as possible from the cato institute on most issues. this is what the cato institute said, and i quote, and some of my conservative republican friends might want to pay attention to this -- quote -- "u.s. military spending is far too excessive for legitimate defense needs. after sequestration, we will still spend more on defense against much less severe threats than at the peak of the cold war. the u.s. now accounts for 44% of all global military spending." put another way, the u.s. spends nearly as much on the military as the rest of the world combined. 20% of the u.s. federal budget is devoted to military spending while the average -- and this is an important point made by cato -- while the average for our nato allies is a mere 3.6%. 5% of u.s. annual g.d.