Pete Peterson On Charlie Rose: We Are Headed For Default (Clip)

PBS Video: Pete Peterson On Charlie Rose -- Aired July 3, 2009

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Highlights of Peterson's appearance...7 minutes

Complete interview (55 minutes)

peterson foundation, pete peterson, debt, defits, national debt, charlie rose, undunded liabilities

Comments

[James H]

It's amazing to see establishment hacks like Charlie Rose inviting right-wing, racist rednecks like Pete Peterson on their shows to talk about Bush-Obama's massive deficits and the possibility of default. Planets must be out of alignment or something.

Also, right-wing, racist redneck, Frank Rich, had a piece in the NY Times the other day about Obama and the BAILOUTS. He even cited Felix Salmon and Matt Taibbi on Goldman Sachs (in the print version). http://www.nytimes.com/2009/07/05/opinion/05rich.html?em Something is seriously fucked up with all this. In a good way. Green shoots, baby!

[DailyBail]

James.

I will admit I don't know much about Peterson beyond his bio and his work with Warren Rudman's Concord Coalition to fight the deficits...as well as his foundation to which he has given virtually his entire net worth of $1 billion in order to educate America about the deficits.

http://www.pgpf.org/

What do you know about him that has your dander up?

[James H]

@DB

Yikes! My bad attempt at sarcasm: FAIL.

Sorry about that. It's just that a couple of weeks ago I read something from the NY Times (by Frank Rich?) suggesting that all who oppose Obama and his mad, mad spending (and bailouts) must be right-wing, racist rednecks, just like the Holocaust Museum shooter and the people who watch Glenn Beck. As far as I know, Pete Peterson is not a "right-wing, racist redneck" in any other sense of the term. I applaud what he's doing here, 100%.

[farang]

So, Mr. Petersen is worried about the debt, eh?

How much emphasis does Mr. Petersen put on trying to dismantle and eliminate programs like Social Security, which he seems to loathe (for decades), and how much upon ending the $Trillion/year DOD budget for America's THOUSAND foreign military bases? He speaks of "civilizations" that have fallen from debt, yet can't seem to find the obscenely bloated DOD budget with both hands and a flashlight. WHAT REALLY is leading the debt surge?


How much emphasis does Mr. Petersen put on regulating the banksters of Wall Street, so they can never, ever rig and game the system again, then expect main Street to bail it out, compared to dismantling Medicare?

I already know the answers, do you?

A right-wing zealot, looking more mellow with age.

[Econoranter]

Peterson has wit enough to add up the numbers and discern the treands; and then falls flat on his face when he suggests solutions to the delema.

Raise taxes. Universal health care. Central planning here and there. Government control that decides who will make the necessay sacrifices.

Thank God we have Tim Geithner as Treasury Secretary? Note the list of people he admires most!

We're doomed if we listen to any more than his warnings. He must have been hit in the head going through the revolving door between his government "service" and making his $billion.

[DailyBail]

Peterson gets criticized by the Right and Left...