PDA

View Full Version : New Stossel documentary "The Money Hole" airs on Fox News, Sunday at 8 pm ET




jct74
06-11-2011, 04:52 PM
From the Stossel blog:


Fox News gave me an hour for another special.

I titled it after this cute Onion clip: "Should The Government Stop Dumping Money Into A Giant Hole?"

We will soon spend ourselves into oblivion. But finally... movement! Budget slashing proposals from Paul Ryan, the Republican Study Committee, Ron Paul, Rand Paul and even Tim Pawlenty! But politicians and real people across the spectrum still resist change. What should government do? What's its role? What have other countries done? The Money Hole tackles that.

In 2003, an auditor cautioned Prichard, Alabama that the town would run out of money by 2009. Did politicians sell city assets and cut corners? Nope. Six years later, exactly as predicted, Prichard ran out of money and stopped sending checks to retired city workers-many of whom had contributed to their pensions for decades. I'll confront that city's lawyer.

And what does government spend our money on? Defense and entitltments. Medicare mostly. That's what will bankrupt us. But we also spend on laundry folding robots, blowing up Mississippi beaver dams, cowboy poetry festivals, and blackberries for smokers. In my ritzy New York City neighborhood people, politicians give out free bike helmets. It's as if the politicians get drunk on your money.

Is there another way? I talk to a governor who slashed government... Luis Fortuņo of Puerto Rico. Two years ago, Puerto Rico's budget woes were worse than any US state and Puerto Rico almost filed for bankruptcy. But then Fortuņo fired 17,000 government employees, cut the others' pay, cut taxes, and privatized agencies. The result? Businesses are moving to Puerto Rico.

Even Canada - the country of government-run health care - has fixed its debt crisis. In 1995, Moody's put the Canadian federal debt on a credit watch. And the Canadian dollar was called the "peso of the North" because it was worth 72 cents to the American dollar... but today their dollar is worth MORE than the American dollar, and their unemployment rate is lower than America's. How did they keep their country from going off the cliff? Their liberal government slashed spending.

Slashing spending is a good thing.

Tune in this SUNDAY at 8 PM and 11 PM to find out how our country might find a way out of THE MONEY HOLE.
http://www.foxbusiness.com/on-air/stossel/blog/2011/06/10/money-hole-tune-sunday-8pm-fox-news-channel-1
http://reason.com/blog/2011/06/10/watch-stossel-special-on-sunda

Napoleon's Shadow
06-11-2011, 05:00 PM
http://www.youtube.com/watch?v=JnX-D4kkPOQ

jct74
06-12-2011, 05:36 PM
http://www.shirtaday.com/pastShirts/20090811_stosselBig.jpg

ClayTrainor
06-12-2011, 05:44 PM
http://www.youtube.com/watch?v=JnX-D4kkPOQ

lol! That's the best onion skit ever, imo.

Fermli
06-12-2011, 06:12 PM
on now. thanks OP.

NewRightLibertarian
06-12-2011, 06:17 PM
thanks for the tip. stossel's specials are good

heavenlyboy34
06-12-2011, 06:48 PM
uh-oh....he's going to talk about privatizing gov'ment agencies...Theo's head is going to explode! :eek:

evilfunnystuff
06-12-2011, 08:59 PM
cant wait

QueenB4Liberty
06-12-2011, 09:01 PM
Aw I hope it repeats or someone gets a tube.

Hotchney
06-12-2011, 09:05 PM
tube anywhere?

Bruno
06-12-2011, 09:06 PM
Watching replay now

Koz
06-12-2011, 09:09 PM
Yep, on now.

QueenB4Liberty
06-12-2011, 09:14 PM
Damn I can't stay up so late. :(

Bruno
06-12-2011, 09:19 PM
Lol! Stossel literally took a chainsaw to the budget! :D

Koz
06-12-2011, 09:38 PM
Lol! Stossel literally took a chainsaw to the budget! :D

Flamethrower would have been better.

Chester Copperpot
06-12-2011, 09:44 PM
tube?

jct74
06-12-2011, 09:47 PM
no tube yet, only this preview
http://www.youtube.com/watch?v=JcPnGq2eyRU

Koz
06-12-2011, 09:59 PM
Nice job by Stossel. Documentaries are really his forte. I like his live show, but this format showcases hit talents.

Vessol
06-12-2011, 10:10 PM
If you love America, you throw money in its hole!

jct74
06-14-2011, 12:09 AM
here's a tube:


http://www.youtube.com/watch?v=Z6zM1WYhwPw


or you can watch it on this guy's channel (it is broken into 4 parts but the picture is larger):
http://www.youtube.com/user/benhess

NewRightLibertarian
06-14-2011, 12:29 AM
this was a really good special

jct74
06-19-2011, 02:59 AM
Here's a short but real good article by Stossel on the situations in Puerto Rico and Canada talked about in the show, how they drastically had to cut their spending to the protests of many but came out of it all much for better:
http://reason.com/archives/2011/06/16/the-money-hole

jtstellar
06-19-2011, 06:34 AM
who has tried to imagine stossel without a mustache

jtstellar
06-19-2011, 06:51 AM
i felt onion had a libertarian leaning until they stopped posting the newsroom series in 2010.. they were having an increasing number of videos making fun of obama leading up to that point (with audience gradually decreasing).