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Date
Summary
Zakaria: Tax Cut Bill the Worst Piece of Major Legislation in a Generation, Will Live In Infamy as Country Breaks Down (clip)
Subjects
Source
CNN

Name: CNN
URL: http://www.cnn.com/
Show
Fareed Zakaria GPS

Name: Fareed Zakaria GPS
URL: http://globalpublicsquare.blogs.cnn.com/category/gps-show/
Persons
Fareed Zakaria

Name: Fareed Zakaria
Employment: CNN
Position: Host, Author
Event
Event location
New York, N.Y.
Name: New York, N.Y.
URL: http://nyc.gov
Link
Not online media
Uploaded
12/18/2017 08:57 am
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Type
Audio
Format
MP3
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Duration
0:04:05
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1
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Transcript
>>> First here s my ░░░░░░░░ If the Republican tax ░░░░░░░░ passes Congress it will ░░░░░░░░ a watershed for the ░░░░░░░░ States The medium and ░░░░░░░░ term effects of the ░░░░░░░░ are clear A massive ░░░░░░░░ in public investment which ░░░░░░░░ come on the heels ░░░░░░░░ decades of declining spending ░░░░░░░░ a percentage of GDP ░░░░░░░░ infrastructure scientific research skills ░░░░░░░░ and core government agencies ░░░░░░░░ United States cannot coast ░░░░░░░░ passed legislation forever And ░░░░░░░░ are ushering in a ░░░░░░░░ future It is expected ░░░░░░░░ add at least 1 ░░░░░░░░ to the national debt ░░░░░░░░ the next 10 years ░░░░░░░░ many experts believe that ░░░░░░░░ real loss to federal ░░░░░░░░ will be much higher ░░░░░░░░ can expect big spending ░░░░░░░░ in the near future ░░░░░░░░ would happen on top ░░░░░░░░ an already dire situation ░░░░░░░░ the Brookings institution points ░░░░░░░░ combined public investment by ░░░░░░░░ state and local governments ░░░░░░░░ at the lowest point ░░░░░░░░ six decades relative to ░░░░░░░░ the United States is ░░░░░░░░ a breaking point In ░░░░░░░░ the world bank looked ░░░░░░░░ 50 countries and found ░░░░░░░░ America will have the ░░░░░░░░ unmet infrastructure needs over ░░░░░░░░ next two decades Look ░░░░░░░░ any direction According to ░░░░░░░░ American road and transport ░░░░░░░░ association the United States ░░░░░░░░ almost 56 000 structurally ░░░░░░░░ bridges about 1 900 ░░░░░░░░ which are on interstate ░░░░░░░░ and all of these ░░░░░░░░ crossed 185 million times ░░░░░░░░ day There is no ░░░░░░░░ indication of the U ░░░░░░░░ Government s myopia than ░░░░░░░░ decline in funding for ░░░░░░░░ Research and development top ░░░░░░░░ percent of the national ░░░░░░░░ in the mid 1960s ░░░░░░░░ is now under 4 ░░░░░░░░ is happening in an ░░░░░░░░ where other countries from ░░░░░░░░ Korea Germany to China ░░░░░░░░ ramping up investment in ░░░░░░░░ areas A new study ░░░░░░░░ that China is on ░░░░░░░░ to surpass the U ░░░░░░░░ As the world leader ░░░░░░░░ biomedical research spending I ░░░░░░░░ to America in the ░░░░░░░░ I was struck by ░░░░░░░░ well the American government ░░░░░░░░ I would hear complaints ░░░░░░░░ the IRS or FAA ░░░░░░░░ would reply have you ░░░░░░░░ seen how baddy these ░░░░░░░░ work in other countries ░░░░░░░░ compared to France and ░░░░░░░░ many of the key ░░░░░░░░ were professional and competent ░░░░░░░░ like the IRS are ░░░░░░░░ threadbare It is hamstrung ░░░░░░░░ an infisht budget and ░░░░░░░░ had to cancel several ░░░░░░░░ needed ittests The list ░░░░░░░░ on and on Are ░░░░░░░░ genuine problems beyond underfunding ░░░░░░░░ of building infrastructure in ░░░░░░░░ is astronomical Focused America ░░░░░░░░ tension creating a bipartisan ░░░░░░░░ to get things done ░░░░░░░░ at a time now ░░░░░░░░ competition is far more ░░░░░░░░ when other countries have ░░░░░░░░ the United States in ░░░░░░░░ of these areas America ░░░░░░░░ fallen into extreme partisanship ░░░░░░░░ embraced a no nothing ░░░░░░░░ that is starving the ░░░░░░░░ of the essential investments ░░░░░░░░ need force future growth ░░░░░░░░ who vote for this ░░░░░░░░ bill possibly the worst ░░░░░░░░ of major legislation in ░░░░░░░░ generation will live in ░░░░░░░░ as the country slow ░░░░░░░░ down For more go ░░░░░░░░ CNN com fareed and ░░░░░░░░ my Washington Post column ░░░░░░░░ week And let s ░░░░░░░░ started.
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