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What Recession?

Title:

What Recession?

Published: Thu, 29 Oct 2009

Description: Tracking Your Taxes: Government still spending on earmarks, projects

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Automatically Generated Transcript (may not be 100% accurate)

" A Fox News is tracking your taxes somebody's got -- this after doling out billions in stimulus dollars Washington is set to hand out more. Hadn't heard about this one is the 30 energy and water bill. And includes millions and millions of dollars more for special projects in any earmarks -- before congress at this time what kind of projects you back. Unlike NASA's live with more from Los Angeles away legend there."

" Family incomes last year fell by more than 3% but there is no recession in Washington point a look at this full screen. It shows that over the last two years when you add up. The normal appropriations wells was while the emergency supplemental. Plus the stimulus defense spending is up 9% Homeland Security is up 21% State Department 40% but energy and water. A 183%. Critics say there's no way any agency can spend that much new money responsibly. Case -- point. Take a look at this program to whether -- homes of low income homeowners. This is something many people do on their own you caulk your windows whether it's at your door. You may -- at some insulation in your attic some people can do it on a weekend for a few hundred dollars but the fans are paying. Licensed bonded contractors using labor paid union scale up to 10000. Dollars to do this the purpose is to lower electric bills by. Maybe 300 dollars a year. Many of these people already get subsidized energy bills but nevertheless the -- at that -- it's gonna take twenty years or more to payback. The investment for taxpayers'. Out of that's incredible quickly William what is the outrageous earmarks cut into this energy bill. We know a lot of this money that's being doled out in the energy water bill it is being bad -- Put out there not based on merit but political considerations take a look at this full screen. One of these projects is for the national. Basically biofuels we have a national energy renewable energy lab in Colorado other research is biofuels yet we have 29 earmarks you basically the same thing at local colleges. Future gen that's the coal power plant that President Bush killed because it was too expensive while it is that -- a higher price tag even though experts at MIT say they'll be at least twenty years if ever. Before we see that technology. Now DI NASA at the Newark museum there's one point five million for new air conditioner there they don't wanna raise admission rates and finally. There's ten million dollars from the national. Nuclear security administration. Too fond of black colleges even though none of them. Having nuclear program -- Iowa and thanks for keeping track of our tax dollars we appreciate until a plot against him everywhere -- that I had to -- zero OO."

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then of course that would surprise no longtime observer of the UN Security Council . What I'm told is that in the official public statements China and Russia. And even Iran of course we're taking the view that this was a legitimate will launch of the satellite by North Korea . What I've learned from US officials today is that in the private behind the scenes talks no one is maintaining that -- any kind of straight face they all know that this was a cover for ballistic missile launch. We should point out. Brett that experts who have observed this launch are telling us that they expect more missile launches from North Korea . Possibly in the next ninety days and that we should all be careful about. Terming this a failure but not only does this go twice as far as previous. Missile launches by North Korea . But it actually contrary to what some have been saying including US Northern Command. The three stage rocket actually may have gotten into its third stage before things fell apart so this was. -- quite an advance over previous tests and we should expect to see more tests from North Korea sooner rather than later.
your poll which is what should the US do in response to North Korea's missile launch. And we've seen the administration talked about a response that was going to happen. And going to happen quickly there
to get China and Russia to sign on to issuing by the Security Council . A formal resolution condemning this rocket launch by North Korea . What the Chinese the Russians one is to issue a kind of a less forceful document it's called a statement it really
lot of the comments were getting Candace says inaction at the UN Security Council what a shocker of waiting grave. How dangerous is that that the US is cutting defense as well as taking no action -- North Korea Iran and China a lot of comments about that. James you in your interview with ambassador rise. She said something that I've
Charles the question here. We have is from Alex how close is North Korea's missile program to anything impressive he just heard James say that it may have gotten too. That third stage then going rhetoric is -- come on North Korea is not a threat why should we worry about. Well it's a matter of the progress it's making we don't know if
a presidential statement which is the weakest of all. -- the UN Security Council was able to do. It shows that our trip abroad are built Obama in Europe on this abject apology Elvis listening. Well this America is no longer going to dictate or be dominant. Is being received well around the world and we are not dictating and dominating anybody. And as a result even at the UN we're getting nothing. Jim should we be putting like a clock up. For how long this takes to get anything out of the UN Security Council and whether that says something about the administration's poll. With member nations I don't think so if you listen to the conversation here and and look at the history of dealing with North Korea whatever comes out of Security Council and it doesn't seem like it's -- matter whatsoever to do a darn thing to her. And North Korea as long as you have China and Russia living and be resistant to doing these things and I think Charles.
talking look at -- fallen into the weapons yet you know if North Korea doing this testing and I don't think this is an. That could -- I agree with chiles and that the fact they
Yes Sharon says North Korea just wants attention. Number of questions about Japan's reaction and here's one. That says. What do you think from -- what do you think the Obama administration's threshold for any military action is in North Korea -- zero. -- I think it's I think that he would be a great synagogue or aggression against the south of me
ought to be sanctions in this case and you know I don't. North Korea has been a problem for everybody was a problem for Bill Clinton is a problem for George Bush it's not going to be a problem for Obama. I think that that that that this whole missile situation. Calls for our world robust. Development of anti missile and anti missile system. Instead of the instead of doing that the administration is pulling back from -- missiles. It's not only North Korea that's got that's kind of missile. In in February. Or Iran launched a satellite which means that Iran has tonight's CBM it's it's called a soft peer to. And so if they've got they've got the missiles North Korea's got the bomb. North Korea doesn't have the missiles yet. Iran's got the bomb there is this is gonna develop a bomb what we need is an
mentioned and that is at a time when these rogue regimes like North Korea and Iran are developing not just the missiles. Two big they've reached our allies or perhaps ourselves but the nuclear warheads to
Clinton recently and on that trip. She had some comments about whether North Korea really does have. A nuclear weapon I -- they're going bad is -- they have multiple weapons but she talked about that publicly. But what what is that did that for my secretary Clinton about. The nuclear program in North Korea . Well top US intelligence officials -- have testified publicly that they believe that. On North Korea that this was a couple of years ago when George Tenet was director of CIA testified publicly. The North Korea was believed to have two to three nuclear weapons that arsenal is presumed to have grown over the because this administration backing
there's no discussion of dispute about that. And about the fact that North Korea has an arsenal of nuclear weapons based on plutonium that's been reprocessed. The question that is still disputed is whether or not
negotiate our support for Taiwan. As incentive for China to help with North Korea China is really the linchpin here Charles and everybody here.
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It's going to require action. On the leader of North Korea's park. Just don't automatically happen. South Korean president Lee Myung box called North Korea a very difficult opponent and spoke about his strategy for dealing with his neighbor. Yeah they cut you -- I would be relations it will be consistent. And I would do my best. And -- face and I'm confident that we will be able to move on. Two verification. Process President Bush was later arrested North Korea still belongs on his axis of evil list. And order get off -- live.