thanks so much for joining me i think it is cut off from your title economic director at the reason foundation and really just make it up anyway. if you were there to. help people that downgraded from the popular view of the show did. you get it ok let's talk about the really really of part for important news. we're going to get back to look. there are some sobering new numbers out america's struggle with obesity but medical journal lancet report a bit of current trends continue helping. all american men will be obese by twenty thirty. that is pretty damn scary if you ask me that half of all americans are going to be obese twenty thirty not that far away but i could have told you that if you're going to pizza hut when the state lunch buffet you don't have to go much further than marriage camp i have no kind of entries in the real story here that starvation is over. but you know now that obesity is taking over the planet can we not look at the upside that will that's the sad part right gives you the impression as if they're like there's not a quality left in the world now they have so much food

for happy hour and joining me tonight is andrew blake r t web writer and anthony read from the reason foundation you guys think that much for joining me i think it is the cut off of your title economic director at the reason foundation and we just make it up anyway so i'm doing our to. be downgraded from the tough interview of the show did. just get it ok let's talk about some really really important for important news. we're going to get back take a look. tonight there are some sobering new numbers out america's struggle with obesity the medical journal lancet report a bit of current trends continue half of all american men will be obese by twenty third. that is pretty damn scary if you ask me that half of all americans are going to be obese by twenty thirty. our way i could have told you that if you're going to pizza hut wednesday lunch. you don't have to go much further than marriage can't say i have no kind of entries in the real story here that starvation is over. but you know now that obesity is taking over the planet and when i look at the upside bad well that's the sad part right gives y

correspondent christine present and anthony rounds as our director of economic research for the reason foundation thank you for joining me. now of course there are a lot of people that are upset with obama other upset with the economy and it leads people to start asking some questions for which i think are just kind of stupid questions bill maher went ahead and talked about this and take a look i think hillary would have been better i think he lived through e.j. dizzy dress. and impeachments and all of that she would never of still like obama seems to think that he can win them over to go shit with him she would have bill you know i mean she would she knows how to deal with difficult. i don't you problems with is and i'll tell you why because yes we can talk about hillary and how she's a ballbuster you know she is so much tougher than obama and i think there is a statement to be made there but i don't think you can actually ask would it been would have been different or would it have been better of course would have been different but would it have been better if this person was in office because

dollars here to discuss this is and he ran down as though director of economic research for the reason foundation thanks for being here tonight so let's look at what happened obviously the dow closed below six hundred points six hundred thirty four points i believe and everybody was expecting this right most people lost that market last night and a lot of people were expecting bad news they thought that they might react negatively today but then u.s. treasury didn't really do all that bad so how do you describe that actually treasuries fell today which meant that there was more demand for us coming out of this and i think what they're probably speaks to is investors are the ultimate arbiters of what the credit rating of the united states is you can have these ratings agencies say all they want we can critique we should probably be criticizing them and taking everything they say with a grain of salt because of their failures during the housing bubble crisis so one really needs to says look we have problems with the political system and we're going to downgrade but in the investors come along they

on track or discuss this with me as anthony read as oh director of economic research for the reason foundation anthony thanks so much for being here tonight so what did you think of bernanke these riveting speech today i feel like anybody could get at that that was very very riveting indeed is i think it was actually funny to watch c n b c right after the fact right after the text of the speech came out they were so crestfallen there was nothing to report it was just same old same old this is boring. different yeah it is waiting for this waiting for their you know and is actually went like straight back to commenting on irene because at least that was something interesting for them to talk about on c n b c. and that was basically what the the media's takeaway for in general today it's not that surprising because we already had a huge announcement this month that the federal reserve announced it was going to keep. interest rates at basically zero until two thousand and thirteen so there was a possibility that bernanke he was going to say something big today particularly given that g.d.p. number

good idea to discuss this with me as anthony rand as the director of economic research for the reason foundation anthony thanks for joining us tonight don't tell me you think the things are good idea that that you know it is ok big you let's talk about why it's so terrible first off you to define success here you have to say what you want and no one was actually trying to create jobs out of this bill never was this an attempt at some kind of stimulative effort and actually i would disagree with the last thing you said there is two point eight trillion dollars in revenues that come out of this and that's the end of the bush tax cuts in two thousand and thirteen this entire debt ceiling deal is essentially an analysis of projected spending over the next ten years so we're going to cut two point four trillion dollars but it's over it's out of the ten trillion dollars we're going to spend or above the certain above where we're at right now over the next ten years so now that becomes like seven trillion dollars but that actually anticipates taxes going up two point eight trillion dollars in two thous

we're cosponsoring with our friends from the reason foundation. washington today is focused on a very urgent pressing fiscal challenge which is the need to increase the debt ceiling. but here at the urban institute, and also for our friends at the reason foundation, also like to think ahead to the long-term challenges we face like get away from the day-to-day fighting and think about long term policy challenges and one of the key challenges we face is our broken tax code. america's tax code is in very sorry shape. it's excessively complicated. it's inefficient. harm's the economy. it's unfair. and it doesn't, frankly, raise enough money to fund our government. and so for all those reasons it makes sense to take a step back and think about, okay, what things can we do to fix our tax code? the thing that is most noticeable about our tax code is how many tax breaks are embedded in it. those tax breaks deserve a close review and so the spirit of today is undertaking is to look at the most famous one. the deductibility of mortgage interest, the interes

let's hear next from dean stansel from the reason foundation. >> hi. when anthony first came to me with the idea of look at the mortgage interest deduction one of the questions was well, we both have this vague idea if we get rid of the mortgage interest deduction there would be a lot of impact on taxpayers so we wanted to look at -- well, who benefits by who much and we looked around we couldn't find good independent analysis and we went out and collected a bunch of data. i have six things i want to talk about and i have 8 minutes and i may have talk a little bit fast. we have a study that came out today. there's a link on the last page of the slide and there's a summary on your chair. the six things how effective is the idea of a tool to increase homeownership? how big is the m.i.d.? who benefits? how much? a little bit of market effects and tax policy. first of all, how effective is it? you would think if the mortgage interest deduction were an effective tool for increasing homeownership rates that you would see some sort of relationship between the

this is hosted by the tax policy center and the reason foundation. this is about 90 minutes. >> hello, everybody. i am the director of the urban brookings tax policy center and it is my pleasure to introduce you today. today's events are about rethinking the mortgage deduction. washington today is focusing on a very urgent, pressing fiscal challenge, the need to increase the debt ceiling, but here at the urban institute, and our friend that the reason foundation, we like to think ahead and get away from the day- to-day fighting. one of the key challenges that we face is the broken tax code. the american tax code is in very sorry shape. a is complicated, inefficient, harms the economy, on fair, and it does not raise enough money to fund the government. what they is can we do to fix our tax code? the game most noticeable thought the tax code is how many tax breaks are embedded in id. they deserve a close review. is to lookof today's at the most used, the mortgage deduction interest. revisiting the large tax break, we have put together a panel of four e

. >> tillman's scholastic achievements was one of the reasons the pat tillman foundation was eager to support a center serving education and the military. pat tillman was killed by friendly fire in 2004 while serving in afghanistan. >>> there's a new play in the works to bring pro-football to the south bay. in a few hours from now, the santa clara city council is expected to vote on joining the state's new optional redevelopment agency plan to fund a new 49ers stadium. state leaders recently voted to kill redevelopment agencies in order to cut costs. but cities can still opt in and keep their property tax revenue if they give the state a cut. for santa clara that means an $11.2 million payment to the state this year and almost $3 million a year after that. city leaders say redevelopment funds are the only way to build a new stadium. >>> a villejo special education teacher will stand trial on charges that he raped an 18-year-old developmentally disabled teacher's aide. a judge has concluded there is enough evidence to put 56-year-old jerry johnson on trial. he's accused of attacking th

but i think the most important thing and the reason that the san francisco foundation approached us abouthouse for jack was his undying effort to and his philanthropy and generosity for so many organizations in san francisco in and out of the japanese american community, to be able to honor him in this way. i had the distinct pleasure, actually, if you want to call it that, of attending jack's funeral in 2009 because even though i didn't know him really well personally i think when you go to a memorial service or a funeral for somebody, even if you know them well you walk away knowing so much more about that individual. to stand up and listen to those i know well, those in the japanese american community, stand up and tell how much he affected their lives and what he did for them, laura can i mora is someone i met because he's our accountant for some of our past concessions. i didn't know he and jack's son, don, worked in the tea house when they were in high school. so it was a huge fabric that was brought together in my mind. so with that -- and i attached a biography, i think, in your p

. >> tillman's achievements were one of the reasons the pat tillman foundation was eager to support a center serving both education and the military. pat tillman, you might know, was killed by friendly fire in 2004 while serving in afghanistan. >>> it takes just 15 minutes and can lead to a longer and healthier life. we'll explain what it is. >> also ahead, millions of dollars hang in the balance. the critical vote tonight linked to the 49ers new stadium plan. >>> a new shift in cancer treatment, how the fight against aids inspired it. >> and a firestorm of controversy, the head of b.a.r.t.'s board of directors speaks out about that cell phone issue, and the legal ruling t.a.s sr.ifjuaythiestd b.a.t. says juified th decision. we're back in two minutes. >>> the fcc is investigating and backlash continues, but b.a.r.t. is not backing down from its decision to shut down cell service. today they explain why the same strategy wasn't used for last night's protest. traci grant is live with the latest details. >> reporter: well, civic center station right here was temporarily shut down last n

one of the of the main reasons that the open society foundations and the fact coalition care so much about this is because of the exceptionally affects it has on developing countries. the global financial, the organization global financial integrity estimates between 2000-2008, $810 billion of illicit funds flowed out of developing countries. in the opening chapter of "treasure islands" nick talks about the smear plays out in an oil-rich but dirt poor country in central africa. and a negative impact it has on the population. the wildest days enhance of the powerful elite with the rest suffer. as nick says this store is hardly unique. he has seen in many other countries. with that are lighter and it is our panels. first, nicholas shaxson, author of "treasure islands: uncovering the damage of offshore banking and tax havens." the book is for sale outside the room. he is a british writer, journalist and investigate. and the author of "poisoned wells: the dirty politics of african oil." he's an associate fellow of the chatham house and a writer and researcher for the tax justice network,

taxed like a middle class the working middle class that is the foundation of our country are all taxed please tell me why there's one simple reason thirty years of lobbying by corporate america the super rich have blown holes in our tax code so wide it will take a major reform to bring back some balance and you can be sure that as long as corporations and special interest groups billionaires for that matter are for allowed to freely spend on elections and make sure that the lawmakers they put into office know not to bite the hand of feeds them that reform will be a long time coming it's why we need to make sure there's a democrat in the white house the next time a supreme court justice retires and why we should move to amend the constitution to say the corporations are not people and the money is not speech by the way there's more information about that over move to amend dot org that's it for your take my take tonight if you like your comments and questions heard on this segment of the big picture listen up we want to know your to send us your comments by visiting the tom hartman facebook page via twitter at tom underscore her o

experts these days in the media but there has to be some reason behind finally money there right there has to be some benefit at these foundations of people and then it seems like there's only two possibilities here with regard to the funders they either know what they are funding and they're happy to do so but didn't want their names to be disclosed well congratulations your names are now disclosed or they didn't actually know what they were funding but frank gaffney went before them and said hey listen i want to work on national security issues in america give me somebody i'm going to make it happen the funder said ok we like you here's some money and they didn't know that he was going to turn around and use that to do creep in shari'a reports in. america so what we're trying to do is say ok fine there's you're now put on notice we've named you and we've shown you how your money is being used so you conspire and produce hate and now it is your turn are you for or against and you're right contacting the foundations and saying what's this really about or i don't know they have other times perhaps does perpetuating the military i

reason why people are coming to this city. a lot of other cities have build them in terms of creating jobs and having a stable economic foundation upon which to grow. for me, that is what i have been all about in my administration. what began with a conversation earlier this year with a company called twitter about their needs have us sit down with them. i went to their offices. i chatted with their seceo and cfo. the managers left the room and let me speak to the engineers, people such as yourselves. i asked what they really needed to stay here. they said they loved the diversity and culture. they wanted more biplanes -- bike lanes and infrastructure to support their lifestyle. they wanted help with the challenging payroll tax. they gave me input at the engineering level and from the management level. we went on to make a pretty historic decision to make sure a company like twitter would grow from 250 people to the expected up to 3000 people in the next two and a half years. that is the vision we shared at that moment. it is beginning to happen. it is the same thing with zynga. we were one of the only cities taxing stock option

foundations come up and get involved. i agree. i don't think there is any reasonor a public school to be doing a reliege -- religious ceremony. god hear yourself prayer wherever you are. and i think if you think praying before a football game -- runt interfering with the prayers, oh god i know you are getting prayers from the sick and the poor, but we need this two-point conversion, so move our prayer to the front. say what you need to say, but don't make a spectacle out of it. >> i don't know. i can understand the legal argument, but it is the best way for an atheist to go pr-wise, to go to another state and harass a group of people minding their own business. isn't it a little too much? >> they should probably leave them alone. they are getting ready to smash into each other for an hour or more with the force of small car accidents over and over and over again. these kids routinely die playing the game and sometimes practicing. but i think what this is, and i am going to go a step further from you. i am an advocate of the private schools. this is what happens wh

that the prosecution had the burden of proving beyond a reasonable doubt, it came down to one crucial piece of evidence, nothing less than the foundatione prosecution's charges against nelson serrano, his fingerprint on that parking ticket that put him in florida on the afternoon of the murders. the state had put on three fingerprint experts. two agreed that it was serrano's, but the third surprised the prosecutor, when under cross-examination, he testified he wasn't entirely convinced. >> i had and i still have reservations about this particular latent. >> reporter: an expert in the field, the prosecution's own witness telling the court he had reservations about the fingerprint. why, he wondered, was a finger from serrano's right hand on the ticket and not one from his left. >> if you're wearing a seat belt, it's extremely restrictive, where you are reaching across your body, between your body and the steering wheel, to hand it to someone over here. >> reporter: the defense leaped into the crack in the prosecution's case and floated the possibility that the all-important fingerprint was bogus, forged by a person or persons unknown to

often the economy is the reason for families who are near the brink, a t can be a tough decision at the veterinarian's office. kris sanchez shows how one vet and one foundation aimed to help. >> reporter: hi there. this is how we like to see our pets -- healthy and happy and running around. but it can be a difficult decision when families end up in the emergency room or the veterinarian's office because they have to consider cost in the amount that it takes to care for their pet when they are sick. and more than one veterinarian tells us he sees those difficult decisions every day. >> he keeps us entertained. he's really funny. he's a really funny dog. >> reporter: 6-year-old wilbur is a charmer. when he needed a $1,600 surgery for a large tumor -- >> huge, like that. >> reporter: the cost of surgery would be a hardship given the fact that peggy's husband is a disabled vietnam veteran who's fighting thyroid cancer. >> sure because it costs, you know, quite a bit of money to have this done. so it was -- it was really nice when we found out that dr. reed's office has a plan that can help you. >> honey is -- >> reporter: this is dr. reed, and that plan is c.a.r

reasons. first of all, a couple of years ago i was honored to be part of a group of american policy folks that was invited under the german marshall foundation to go to europe and to meet with policymakers in brussels and other points in europe to share ideas that we had from the united states. and it was a remarkably fruitful exchange and i think many of us that went on that trip brought back ideas to the united states that we are trying to legislate here locally. i'm also excited to see all of you here in part because some of you know, i'm one member of the board that doesn't have a car, that rides my bicycle many days of the week -- [applause] >> and like all of you, i think we are remarkably excited about the fact that the bike plan is moving forward, the fact that today is the start of the trial on market street, the fact that we are really moving our city's biking agenda forward. and i think with those of our friends from europe, we all want to take this to the next level and figure out what are the best ideas that we can adopt from the great cities around the world. we know that in recent years, i think san francisco with the help of

increase the likelihood with the foundation and creates a situation where al qaeda could not development where the consistent really should get as a result the -- reasonable solution. but none of these are guaranteed. they're so disappointed. and it does not make sense. not in terms of the american in national interest or in terms of the moral obligations of the world to continue to keep 140,000 troops in the ground of afghanistan. not to say that we don't care but there are 40 or 50 other countries we need to think about. if we are worried about terrorism egypt is more important or simply about human misery then chad is more important. we cannot allow ourselves to feel through some of gilts. a sense before the situation for the we're not improving that we have been in the country about 15 years and have given it our best shot and have lost lives and spent a lot of money but we will start to come out in a sensible way and manage this situation the best we can but treat afghanistan the way we've treat other countries around the world will not imagine it is the existential threat to keep the president's may need to do what the united nations. >> hello. you

reasons we're seeing this downgrade is precisely the effort. of the rating agencies to bolster their credibility and really fundamentally if you look at the economic foundation of the problem yes there are causes for concern both in terms of the level of u.s. debt and the outlook on the path of u.s. fiscal deficit but when you talk about credibility back in two thousand and eight before the big crunch on wall street some of the credit rating agencies are still saying that a funny way of freddie mac. were double triple a at the time pretty much knowing that they were going to crash exactly so they were behind the curve and now to some degree we're seeing that some of the european countries we're seeing to some degree with the leaders these of you to us. the rating agencies want to be a bit more ahead of the curve and to be whistleblowers not. only we act to the crisis situations that have already happened ok so we see the s. and p's reaction here what about moody's and fitch is it possible they could know a change or a change their ranking it is a possibility because we know that some of the rating agencies do have a negative outlook. of the current waiting f

there's a fundamental reason that we argue why the rule of law is the foundation of our democratic republic decide to set the law aside you have a cascading series of consequences. i've just outlined a few, and there are others. we'll end up with more illegal immigration. you're sending the message that we don't take our own law seriously. if it's really true that there are so many criminal aliens in the country that we can't deport more run of the mill illegal immigrants at the same time, which we always have, but let's say that's true, he can go back to congress and ask for more resources. he doesn't done that. >> okay, sir, good to have you here today. >> thank you for having me. gregg: president obama expected to unveil a new plan to get americans working again. we're going to have to wait until after labor day, however, to get those details. but today, we're hearing who's giving him advice. martha: i think we're going to need a bigger boat, gregg! an amazing shark tale, caught on video, right after this. oh yeah, johnny! that's a big boy! martha: you know how much we love shark stories

dam with a solid foundation of a protective trade policy that allows us industries to prosper and not have to compete with cheap labor around the world began pieced together by a reasonable tax policy that helps grow the middle class and not just the top one percent of wealthy americans or the four hundred dollars a damn that's not the pen and upon the military industrial complex and endless wars around the world like george bush brought us but damn it's agile and can bend and move according to the pressure behind it in other words a damn built by lawmakers who know what's best for america and aren't afraid to tell their corporate donors go. we need to give ben bernanke you rest and call on congress to fix our economy by rolling back reagan's in same taxing and borrowing policies and clinton's failed so-called free trade policies it's the only way to keep our nation from being washed away by the damn finally progress that's the big picture. coming up cutting from wasteful spending is the new republican mantra for one of the so-called ways both spending has actually hurricane disaster relief one congressman is leading the push to leave flooded i remove the dems high and d