The Last Word   |  February 26, 2013

How not to cut stupidly

MSNBC's Ezra Klein explains that there are ways to cut government spending without doing it in a completely arbitrary and unintelligent way... the way the sequester cuts government spending.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> people say washington is broken. that we don't get anything done. it is not true. we get lots of stuff done. the sequester is getting something done. it is just a dumb thing to get done, a dumb thing to do. this is the part of the show i get to tell you about anything i want to tell you. i want to tell you about a better way to do it. in fact, 15 ways to do it. do we have the clock? okay, the hamilton project is a think tank here in washington. and they asked experts to make the policies to reach two goals. they make the economy better, by growing the economy or protecting the environment or something. but here are my top five of the 15. number one, a carbon tax , and hamilton suggested we use money on a loot of it to lower the corporate tax rate, give money back to households and then cut the corporate tax result to 15 billion, we can do that by helping us fight global warming which is a far larger threat. and number two, get medicare to stop paying providers for every single thing they do, and begin paying them for each patient. they can keep the leftover money as profit. it forces them to think about how to treat patients as opposed to giving out services. number three, all the deductions, they do more for rich people . make them credits that everybody who pays income taxes can get. that makes it more fair and progressive. it raises $2.7 trillion, we can use most of that money to lower tax rates . number four, we used to fund infrastructure with the gas tax . that is broken down, but hamilton has a good idea, make people pay more for driving on the congested roads, that way we fight traffic at the same time we fight infrastructure. and number fight, the sequester cuts deep into medicare but does it in a really dumb way, i'm sorry, defense. hamilton has a way to cut deeper into defense, but doing so in a way that is intelligent and tries to modernize the military and focus on today's threats, rather than yesterday's. done, i have plenty of time. you can read the hamilton list at project.org. the next