In a post yesterday,
James chronicled the rampant cronyism which characterized the so-called
fiscal cliff deal. This morning Arthur Brooks appeared on CNBC’s Squawk Box and revealed some startling facts on the same topic. Here’s a partial transcript of the interview.
JOE KERNEN: The fiscal cliff fight’s over, a battle that is still looming large. Our guest host today is Arthur Brooks, president of the American Enterprise Institute, author of “The Road to Freedom.” Arthur, I want to just start just quickly with you. OK, your point — and we were talking about it in welcome, it’s good to see you — out of the $62 billion, we’ve got a trillion dollar deficit, this raises how much in revenue? $62 billion or so?
BROOKS: About $62 billion a year, $620 billion over 10 years.
KERNEN: Your work is that $50 billion out of $62 billion is to corporate cronies?
Read more: http://conservatives4palin.com/2013/01/arthur-brooks-80-of-the-new-fiscal-cliff-revenues-will-go-to-obamas-wealthy-cronies.html
JOE KERNEN: The fiscal cliff fight’s over, a battle that is still looming large. Our guest host today is Arthur Brooks, president of the American Enterprise Institute, author of “The Road to Freedom.” Arthur, I want to just start just quickly with you. OK, your point — and we were talking about it in welcome, it’s good to see you — out of the $62 billion, we’ve got a trillion dollar deficit, this raises how much in revenue? $62 billion or so?
BROOKS: About $62 billion a year, $620 billion over 10 years.
KERNEN: Your work is that $50 billion out of $62 billion is to corporate cronies?
Read more: http://conservatives4palin.com/2013/01/arthur-brooks-80-of-the-new-fiscal-cliff-revenues-will-go-to-obamas-wealthy-cronies.html
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