20110127-Stossel-[Balancing the Budget]-Fox Business CF avi torrent

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STOSSEL - [Balancing the Budget] - Fox Business Network
2011, January 27, Thursday

(includes John\'s State of the Union address)

Xvid/MP3 AVI - encoded from medium quality ReplayTV stream

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[excerpted from John Stossel\'s blog:]

January 27, 2011 01:24 PM UTC by John Stossel
Tonight\'s Show: Stossel Balances the Budget (FBN @ 9pm & Midnight ET)

Earlier this week, I wondered how the president would “cast himself as more of a fiscal hawk” in Tuesday’s State of the Union Address, as Reuters reported. Well, I got my answer: He proposed to freeze non-defense, discretionary spending for five years, which he claims would “reduce the deficit by more than $400 billion over the next decade.”

$400 Billion sounds like a lot…but that’s spread out over ten years, so it’s really more like $40 Billion per year. The CBO projects the average annual deficit over the next 10 years to be $768 Billion – that’s nearly 20 times larger than that. “Fiscal hawk”? More like “fiscal chicken”. We’re going to have to cut a lot more than $40 Billion per year if we’re going to eliminate the deficit.

So, that’s just what I’ll do on tonight’s show (FBN @ 9pm & midnight ET): I’ll make the big spending cuts necessary to eliminate the deficit.