Thom Hartmann vs. Peter Ferrara: America's Ticking Bankruptcy Bomb

[alp227]

Run time: 09:33 https://www.youtube.com/watch?v=JPBUHXp8sRw   Posted on YouTube: July 12, 2011 By YouTube Member: thomhartmann Views on YouTube: 237   Posted on DU: July 14, 2011 By DU Member: alp227 Views on DU: 1683

 
Progressive Radio Talk Show Host Thom Hartmann, debates with Peter Ferrara, general counsel of the American Civil Rights Union and author of America's Ticking Bankruptcy Bomb on fallacies of economic equality that promote poverty.

Once again, Hartmann has to put Ferrara on hold at one point for running his mouth and not letting Hartmann complete a sentence.

[PA Democrat]

1. Ferrrara sounded shrill, hysterical, irrational and desperate, and then goes on to shriek

that Thom is a "nut case." :rofl:

[wxgeek7]

2. And unscrupulous....

....according to Wikipedia:

"Ferrara took money from erstwhile lobbyist Jack Abramoff to write op-ed pieces favorable to Abramoff clients. (Ferrara did not disclose which pieces he was paid to write, but Business Week noted that he wrote favorable articles in the Washington Times about the Northern Marianas Islands and the Choctaw Indian tribe, both Abramoff clients.) Ferrara argued those writings were entirely consistent with his independently held views, remained unrepentant, and intended to pursue the practice in the future: 'I do that all the time. I've done that in the past, and I'll do it in the future.'"

[Cole Tersaliar]

5. Please don't interrupt Peter with the facts

That's right, Thom's the nut case, but the idea that ALL middle class, blue collar workers can retire as millionaires is completely rational. In other words, there's no such thing as limited resources, or a limited amount of money the government can print (without inflation going through the roof, in which case we COULD all be millionaires, the problem being that $1 million would be the new poverty line). And Thom's tax statistics (that originate from the same place, the IRS, that Peter cherry picks his statistics) are a "Hansel and Gretel fairy tale", but Peter's free market social safety net idea is not. I especially liked the beginning of the interview, where Peter is forced to admit that his "everybody's going to have equal income and wealth" liberal goal is a straw man argument - great job knocking that one down Thom.

[Stryder]

3. WOW

Just WOW.
Like Daddy said,Never argue with an idiot son.
Folks listnin might not be able to tell the difference.
Felt a little bad for Thom there.I couldn't have taken
ole Pete's stream of unconsciousness past the 12 sec mark
without O'Reillying his mic.

[WhoIsNumberNone]

4. Blue-collar workers all being millionaires is actually a very plausible scenario

When the right wing succeeds in crashing the economy and the currency goes into free fall, we'll all be millionaires.

Of course no one will be retiring since a loaf of bread will cost $20,000.00, but we will all be millionaires....

[izquierdista]

6. Not worth watching

That 9.5 minutes could be better spent cleaning your sink trap.