unquote. and he's right, it's not. it really isn't. you don't want to go there, and we're well on the way there. whether like greece or portugal or ireland, the scale is entirely different. no one uses the t word, trillion, in lisbon or dublin, and when a catastrophe slides off the cliff, it lands with a much bigger thud than iceland or portugal do. one of the saddest aspects of the present debate is the assumption that american decline will be as comfortable for americans as british decline was for britons when the pax britannica yielded to the pax americana after the world war. dream on. that was the smoothest transfer of global dominance in history, and it isn't going to go that smoothly next time around, and next time around's already underway. by 2016 according to the imf, the world's leading economy will be a communist dictatorship. that's in five years time. now, think about that. if imf is right, the guy you elect next november will be the last president of the united states to preside over the world's leading economy. and inst

otherwise they have no hope of quote unquote justifying their existence. so we have to kill them if they disagree with paul krugman? there's a low bit of a hypocrite thing here. i we surprise? paul krugman happens to be a very wealthy man. we know he has a million dollar home. as a million dollar apartment in your. of the multimillion dollar estate in new jersey where he teaches. it's i think it's 6000 square foot home with 12-foot ceilings and a music room. and according to an article in "the new yorker" it has a fire that outside week and other faculty members have been known to burn in effigy various republican politicians. so he hates the rich except for himself. toohey and krugman exalt and competence at the expense of the competent. is what my favorite krugman quotes. the official ideology of america's elite remains one of meritocracy. that will last. both toohey and krugman are simply outright liars. no less than daniel, the public editor or ombudsman of the new york times once wrote quote paul krugman has a disturbing habit of citing numbers in a f

measured it again he said well we're looking forward to you know the next stage is where we do quote unquote entitlement reform which means where we cut your social security and medicare and he's obsessed with it almost more so than a republican president. he is obsessed with a but why does he get to keep getting away with it right because i think you could speculate that well perhaps he's doing this so he can seem centrist and moderate so he can get some of the independents onto his belt when it comes to reelection but why would democrats why are progressive the specially who essentially have been had their faces the spin by this president why did they go back and vote for him again. well for me the straw that broke the camel's back was a long long time ago and that was you know if i'm going to be generous i'll say that it was when he agreed to the bush tax cuts again in december for seemingly no apparent reason i mean it was an unbelievable collapse it's taken the others longer to get there but believe me now a lot of them are there crewing today wrote an article in the new york times talk

here those are names of the fifty six of them that have died in iraq since the combat mission quote unquote ended up close to forty five hundred have died since the war began and that's not even counting close to fifteen hundred iraqi civilians have been killed since the combat mission and did that's on top of roughly one hundred thousand who have died since this war began remember there are forty six thousand u.s. to. they are still in iraq now that this mission is over and sides are still talking about whether that to keep u.s. troops there next year so what lessons should we be taking from this and especially as the conflict in libya continues and is reminding analysts we've had on this show of iraq back in two thousand and three well you know close to a decade later eight years later we're going to talk about that but right age iraq is a political consultant for peace action and i have some answers for us thank you for being on our show because there has zero i understand that you returned from iraq at the beginning of this month i wonder from your perspective a year after this combat m

that's the only reason we are quote-unquote cutting. >> we are not freezing spending. >> this is only cutting in washington. this doesn't pass n for any cut in the realed world. i am afraid it is only a big accomplishment politically in washington. i am afraid it won't be much of any accomplishment fiscally and in the real world. everybody is running around concerned about the credit rating agencies tuesday what they have also been focused on a long-term getting ahold of unsustainable spending debt. they have thrown out pretty consistently this magic minimum $4 trillion figure. this is 2 and a half trillion way below that. i am afraid maybe we are avoiding default which of course i want to do. maybe we are in short downgrade in our credit rating. >> moody said on friday the limited magnitude of both the boehner and reed pl reid plans forward will not put the aaa credit rating back on solid footing. quote reductions of the magnitude now being proposed if adopted would likely lead moodies to give a negative outlook on the aaa rating. >> that's exactly what i am saying. i want to avoid d

that's the only reason we are quote-unquote cutting. >> we are not freezing spending. >> this is only cutting in washington. this doesn't pass n for any cut in the realed world. i am afraid it is only a big accomplishment politically in washington. i am afraid it won't be much of any accomplishment fiscally and in the real world. everybody is running around concerned about the credit rating agencies tuesday what they have also been focused on a long-term getting ahold of unsustainable spending debt. they have thrown out pretty consistently this magic minimum $4 trillion figure. this is 2 and a half trillion way below that. i am afraid maybe we are avoiding default which of course i want to do. maybe we are in short downgrade in our credit rating. >> moody said on friday the limited magnitude of both the boehneand reed pl reid plans pu forward will not put the aaa credit rating back on solid footing. quote reductions of the magnitude now being proposed if adopted would likely lead moodies to give a negative outlook on the aaa rating. >> that's exactly what i am saying. i want to avoid

not surprisingly vladimir putin jumped all over the united states saying it was a quote/unquote parasitend workers who didn't want to participate in the communist movement in 1940s, 1950s, very strong language. russia holds half of its concerns in u.s., same as china. what does it mean within the imf world bank? christine lagarde, the new imf said quite eloquently this could have an understood mining role. also don't forget, the u.n. security council. how much power or voice do you have around that security council table with regards to syria right now. >> if things fall apart, the center cannot hold. a great irish poet. >> i knew i could count on you. >> essentially the u.s. economy is at the center of all this and that's falling apart -- >> the implications are quite brandied, put it that way. >>> they've announced their quick post quarterly earnings. stay with us.

practitioners of a secular values called quote-unquote personal autonomy. the netherlands was theirst country to legalize the right to die known as u euthanasia. and dutch has same sex marriage soft drugs, prostitution, and coffee shops that serve hashish. question, are americans destined to take our values cues from the dutch. well jew deyo christian be pushed aside for personal autonomy. is the jesus of bethlehem destined to be side lined by the doctrine and practice of personal autonomy. are we all going dutch? >> we'll ask these experts. paul sar bin, and steven plo ploerow. rabin, and steven ploerow. ploerow. >> plott row. if. for such a small word it packs a wallop. if i live to a hundred. if social security isn't enough. if my heart gets broken. if she says yes. we believe if should never hold you back. if should be managed with a plan that builds on what you already have. together we can create a personal safety net, a launching pad, for all those brilliant ifs in the middle of life. you can call on our expertise and get guarantees for the if in lif

mean, an additional article from the -- taking from the federal government the power of borrowing, unquote. he said that right after the constitution itself had been finished. he wanted one more amendment and unfortunately, as you know, he turned out to be right but his contemporaries failed to listen to him about the balanced budget amendment. i would just say to you, mr. speaker, it is not too late for those of us in these moments to listen to his words. i believe the american people are listening today, and i believe they call upon their leaders now to do something truly historic and pass a balanced budget amendment to the united states constitution in the days ahead. god help us to do it, mr. speaker. with that, i would like to yield to the gentleman from iowa, mr. king and i may have to -- he may have stepped off the floor briefly, mr. speaker. let me just say, mr. speaker, that i know that this has been a challenging week and i believe our lead

reported that leaders were warned in detail two months before the blast that the situation was a quote unquote risk. some all but predicted the explosion according to documents filed recently with state regulators. and perhaps most disturbing leaders were briefed on possible doomsday scenarios. the report's authors urged pg&e to install more shutoff valves. if you remember, it it work worker s an hour and a half to shot off the valves. employees have come forward to accuse pg&e of creating a culture where they feared retaliation if they raised safety concerns. the san jose mercury news reports that one man whose job was to look for fraud and other misconduct said he was laid off when he complained about potentially explosive gas leaks and falsified records. a spokesman denied those allegationses and told us that, quote, we encourage employees to bring things up because that is the only way we can be a safe company. the explosion in san bruno last september killed eight people and destroyed 38 homes. >>> we have developing news tonight. firefighters are working on a three-alarm fire in ba neesh

it's white liberals turned over to certain leaders of quote unquote perceived leaders like a jesse jackson or maxine waters and barbara lee and said, pacify. keep the black community firmly behind us. regardless of the failures of the social welfare policies. >> lee says west's statement ill states -- illustrates absurdity democrats are up against when dealing with the tea party. >> just ahead a lesson about plastic bags. what some textbooks are telling california kids about those bag autos and the growing number of coyotes in san francisco. frank advice some local laumts are giving residents. >> i'm sandhya patel. temperatures dropped today and the downward trend is going to take us into the weekend. i'll be back a full look at numbers in just a few minutes. numbers in just a few minutes. and the news continues i i i i i man: we need a good night's sleep. woman: which means a little heat to keep us warm. and a good dose of support for my back. some over-the-top comfort couldn't hurt. and our perfect dream factory's been built. you're feeling sleepy already? nighty-night. [giggling] >> clo

and does he accept any responsibilities for the quote, unquote, service that we have seen in the last month. >> i think this president from very early on in this process made abundantly clear his willingness to compromise, his willingness to accept the fact that he would not in this environment, divided government, get everything he wanted, that whatever the end product would be would not be the ideal legislation that he as president would have written or democrats would have written in the congress. i certainly don't think and this view is shared by the majority of the american people don't think he was unwilling to compromise. >> majority of the americans thought he needed to compromise more. >> i think that reflects the general view of his approach and why people thought he was more willing and demonstrated his willingness to compromise. there is a lot of time for after-action reports and evaluations on this process. through every stage, including the talks led by the vice president and the negotiations approached them in good faith with a willingness to compromise and that good fa

down the capital because concerns quote of the security of the country's weapons of mass destruction unquote i think evidence of atrocities committed during the conflict. russia has been able to draw up a u.n. resolution calling for the one president assad to implement quickly reforms his previous now start stop negotiations with the opposition and while thousands of people once again taken to the streets in protest against their son regime the final demonstrate for the coquetry. new french astaire's a concept both big and euro and more like small fears among critics that the country could be trying but a down economics and britain is in the bering sea one of them. and also voting has ended in uprising is president.

unquote. the senate is expected to pass a bill without much trouble. but getting it past the house is another story. >> john boehner has his hands full. the question is not how many republicans he'll get. the question is can he get half. because nancy pelosi in the end, speaker from san francisco, is going to wind up saving boehner's backside by providing enough democrats to make this deal go. >> reporter: house minority leader nancy pelosi, though, said she planned to meet with democratic house members tomorrow morning, and stopped short of giving the plan her public endorsement. >> we'll all have to take a look. and we all may not be able to support it. >> reporter: in the end, gerston says this is all a political play, and just in time for the beginning of the run toward november 2012. >> for all those folks who said this is not political, balder dash. of course it's political. they have to calculate not only what the best policy is for the country, but what the best chances are for their survival. >> reporter: gerston says congress is essentially k

house speaker nancy pelosi said, quote, we have to pass the bill so you can find out what's in it, unquote. republicans, of course, were outraged then at the lack of transparency, and they were right. but here we are once again, members of congress, up against the hard deadline had no time to let this bill go through the regular process of hearings, getting outside opinions, et cetera. you know, the date that the debt ceiling expired, they've known about that for a good long while now, haven't they? instead, we get another bill crafted by a handful of members of congress under a cloak of secrecy by party leards and the white house. it is disgraceful. no wonder a new cnn/orc poll shows congress with a measley 14% approval rating. that's probably too high actually. here's the question -- when it comes to the federal government what will stop the madness? go to cnn.com/caffertyfile. >> did you notice as soon as the vote occurred in the house of representatives last night, they went into recess until september 7. the house is now in recess. the senate now is going to go into recess until septe

unquote. some have suggested that google should invest directly intelligence -- television content.nk we did in that argument i think it reflects a misunderstanding of what google is or who we are and what we are capable and not capable of doing. we provide platforms for people to engage in content. we show ads next to content that owners have chosen to put up. we have neither the ambition nor the know-how to actually produce content at any large scale. i mean, can you imagine what would happen if you put us in charge of programming? i mean, bad sci-fi, strange looking viral videos and weird colorful things. i mean, what you all do is actually hard, and we are no good at it. let's be clear. there's no confusion here because once in a while i have to explain this to people at google. we are not good at this, we're good at other things. so instead what we are going to do is help fund content. last year we should more than 6 billion with our publishing partners worldwide, with newspapers, broadcasters and so forth. and we've been investing in deep relationships, for example, with chann

aleksandra unquote up was feisty president one the man he succeeds as leader sergei bug option died in office last may the two saw a pause in independence recognized by russia and a number of other countries in two thousand and eight with both men helping prevent war with georgia at the same year for almost two decades after a pause in a declared independence from georgia fear and uncertainty marked life in the country the mood now seems to have changed the early battles for independence led many scholars in a policy as capital you can see how badly the parliament building was damaged cleaning up the rubble and getting things back in order will probably be the toughest part of the job for the new president keeping good ties with russia and restoring the economy will be the top of and clubs agenda at that but out of a bargain we have to admit it and it is true we see certain growth but there is no no we need loans and serious investments. the campaign was monitored by more than one hundred international observers from countries including france austria and israel and i was invited to. h

are bonds a link to real estate but they are not marking to market the value of those loans quote unquote assets and they simply swap them back and forth for huge fees and they claim this is needed to maintain liquidity and that it's a liquidity issue instead of the truth is that it's an insolvency issue and you've got a bunch of captive regulators allowing for the larceny. up and therefore it trickles down to the bought a home well in our last episode of kaiser report we spoke to william k. black and he called this a crime janet environment in which the regulators and the politicians create an environment in which crime will happen so let's look at this headline here following on the first headline where we know quantitative easing causes wealth and income gaps sterling no refuge as king stimulus bank of england governor mervyn king signaled on aug tenth that he may resume pumping cash into the economy in order to boost growth he have no choice because the debt monster both visible and on the shadow banking system is gordon brown himself called it is this huge out of control monster that

and it's very different kind of western values and what you're talking about people with the quote unquote nod will soon be joining the life of prosperity and freedom all right rick i'm going to give you the last word on this program. well i mean just on on this issue of security and i agree with everything that that bill just said but i doesn't this take us back then to this distinction that homey made between last the west as and idiology that could be the imaginary of aspiration versus the west as a set of social political military and economic institutions and i think these are different things and that's part of the very ambiguity that makes us still today even talking about the west as if it's something. all right gentlemen i thank you very very very interesting is gushing we could have gone go on for a lot longer many thanks my guess again cambridge chicago and in washington and thanks to our viewers for watching us here r.t. see you next time and remember across topples. place can start. to. remove the latest in science technology from around the world. we've got the future covered

and if we're not careful, we're going to do the same thing we did last time, unquote. can you walk we through the costs, both budgetary and human, of caring for veterans after they become homeless and using tools to prevent homelessness? >> unfortunately, i can't give you -- >> want to turn on your mic? >> thanks. unfortunately, i can't give you estimates of the cost. my concern, which i foreshadowed in my testimony, is that there may be a value in being more proactive in guiding people as they leave the service. right now when service members leave the service, they receive an out brief, and that covers among other things the benefits they're entitled to and advises them, of course, if they'll have a postdeployment health assessment and a six month follow-up of that if they're still in the service and then leave later on. but this information comes at them very fast, and even though it's provided -- which is a good thing -- i'm afraid that many of them don't really absorb it at the time. and when they leave the military and go out and need care or need to learn about

with an environment that's poor for gold but historically a negative real interest rates are quote unquote deflation is actually the best time to be buying gold and gold is working and either of the deflation which is really another word for hyper inflation hyper inflation or inflation so there's really a no lose situation there's no top on goal because there's no amount of destruction that in one can imagine a won't visit the currencies around the world because if you had currency growth is going to go the way of the dodo that means there's no top on gold ten thousand dollar amounts for gold yeah of course could go a lot higher because reoccurrences are going to zero well according to bloomberg article basin day gold will rise as high as one thousand seven hundred thirteen this year one thousand nine hundred thirty eight and twenty twelve according to the median in the survey of the four most accurate precious metals forecasters tracked by bloomberg over the past two years that may mean twelve consecutive annual gains the long. winning streak since at least nineteen twenty right and we're

has a very serious problem they have arrived on at the point of a gun they've brought demat quote unquote democracy to libya through guns and the people of libya are very angry at nato they are not jubilant that the rebels who have arrived are celebrating the people are not celebrating with them these people do not like outsiders they are now preparing to pursue tribal vengeance and vendettas very quietly they will punish those who have attacked them and we will probably not hear very much about that in the in the western media at all but this war is not over and they will now have their blood debts and they are not going to be eager to reciprocate and reward britain or france or italy they would like to see those countries stay out of their of their of libya and to stay out of their oil as well the fight is not over in tripoli but carve up of libya's vast oil riches the biggest in africa is already beginning italian foreign minister of fire the starting gun saying italy's any oil company will play the number one role in the region and as laura amad reports the service won't come cheap fo

had on this day there were some chinese newspapers and actually they even call it does deal quote unquote irresponsible and laurel but it will go this it has been a near miss has it as a what does this mean for the confidence in the u.s. economy worldwide. confidence even before it is us details of the. economy in the united states wasn't that high to begin with this only added to all of that people are worried that a lot of the two point four trillion dollars that is that in those deals cut spending in the united states over the next decade has not been decided and given the fact as i brought it up before that it took so long for this deal to cast there isn't much state when it comes to these political there is that these decisions will have it in a sort of it's timely fashion they're worried but you know there are all these political games when it came to passing the u.s. debt ceiling the first place when it comes to making decisions about what exactly will get a clue to just as long also u.s. dollar has been at record lows in the past and that's made many people here are very concerned

in iraq claims we don't charge any civilians we're going killing civilians they needed one quote unquote this. is getting silly and there is a strategy for me ask old school was only university if there's one killing civilians out of the world it's. when our quick look at some other global news in brief we in our world update the syrian president bashar assad has vowed he will not relent in pursuing what he called terrorist groups and will not ease the response to the mass protests across the country this comes up we met with the turkish foreign minister in damascus. preston to end the crackdown on demonstrators more than one thousand seven hundred people have reportedly been killed in the country since the uprising began in march. kevin rudd police used tear gas and water cannons to disperse violent protesters on the fringe of an otherwise peaceful student demo in the capital tens of thousands marched in downtown san diego for the fifth time in two months and nodding lower tuition fees and other education reforms some last activists burned cars looted shops and through objects of police

after just eight minutes this third goal as many games then ten minutes after the interval of quote unquote humble the ball retreat citroen double post late in the penalty spot . not lately past of stop the thirty nine minutes to go the beleaguered hand side but also refused to ten men for the last few minutes up at. the top the second yellow but it was a great start for new lot of money to set up with two wins. so a quick look at the top of the table after eighteen matches it says congress still in the lead they'd have closed the gap by five points between the glamour of third place and followed by clean sheet and through being. at the other end of clear so that all bottom but they could move up to places if they went home from carts monday night it's about ten minutes to go because there wasn't a night in that draw up to start. and stopping it is going to go against the league leaders has been voted as the best in the past season is that a debit of equines upon any one long drop the army men may start to cool things and i think that is website and it's worth another look the story got bac

unquote. but rhetoric aside, tax expenditures are an opportunity for individuals and businesses to keep more of the money that they earn, and getting rid of tax expenditures without corresponding reductions in tax breaks will result in a net tax increase on the american people. the president would have you believe that getting rid of tax expenditures is acceptable because they only impact the rich. that is why it talks about bonus depreciation for jets and yachts used as second homes. yet, in a series of speeches, i have attempted to show that this rhetoric of class warfare might work politically, but as a description of tax reality, it is lacking. the fact is the largest tax expenditures though that the president and democrats would have to look to in order to raise revenue for deficit reduction benefit middle-class itemizers the most. consider the example of the home mortgage interest deduction. this is the most significant of the itemized deductions available to taxpayers. the mortgage inte