Stossel

Four More Years

From John Stossel's blog: I peer into my crystal ball on this week's show to predict what President Obama's next term will bring. The media says we must obsess about a fiscal cliff! But Congressman Ron Paul says, "So what?" The cliff is trivial compared to America's unsustainable debt. Economist Russ Roberts agrees. Contrary to what most politicians say, sequestration cuts wouldn't be so bad. Even a defense budget reduction wouldn't put us in danger, according to Benjamin Friedman of the CATO Institute. More regulations! The economy has grown slowly under the weight of thousands of pages of rules added by the Bush and Obama administrations. Entrepreneur Bob Luddy and the former Lt. Governor of New York, Betsy McCaughey, explain how the rules kill economic growth. A Supreme Court upheaval! With four justices over the age of 70, how many replacements will President Obama nominate? Who he appoints will serve for as long as 40 years.