Stossel
The Debt Bomb
Not Rated
S4 • E8 Feb 27, 2013 60mPresident Obama says the sequester is like taking "a meat cleaver to the budget." I wish that were true. This week, I grab a meat cleaver and point out what ought to be cut. Despite the big spenders' hysteria about "long TSA lines, no meat inspection, abandoned children!", the sequester doesn't even cut the budget! It just slows it's growth. Where are the "draconian cuts?" Nowhere. Senator Rand Paul tells us that's why he voted against President Obama's sequester. He proposes actual cuts. Yaron Brook, of the Ayn Rand Institute talks about the immorality of government spending. Our show's special correspondent, Kennedy, discovers that college students are often clueless about the debt bomb my generation threw at them. Authors Joel Kotkin and Jonathon Last point out that there aren't enough workers to pay for us old folks, and if people don't start to have kids at a reasonable rate-"we're screwed!" But it could be worse.
