9/24/12 Jacob Hacker: Elite Austerity Fetishists

Yale Professor Jacob Hacker explained his new project "Prosperity Economics", why obsessing over the deficit right now is putting the cart before the horse, how low interest rates mean now is an excellent time to invest in infrastructure, eduction and human capital.

Why debt hysteria holds us back and how it is based on a fundamental misconception of the economic and political crises facing America. Sam loved the Prosperity agenda but wondered if ideological extremism would continue to make good policy impossible, while Hacker saw reason to hope for change in some public opinion polling.

On the Better half: former New York congressional Dan O'Connor candidate debated Sam on the legality of the federal government giving money to the states, Dan seemed convinced that the spending was unconstitutional but couldn't explain how it was, we also learned from a caller in Georgia how American could be tax and debt free! Sam wheeled it back in by sharing some troubling news on the Grand Bargain and Mitt Romney is confused as to why airplane windows do not open.

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