Political Affairs Expert Andy Friedman Speaks at OU-Z

by Mark Bullion on September 1, 2011 at 7:46 am

Political affairs expert Andy Friedman who appears on CNBC’s Squawk Box made a stop in the Y-city Wednesday evening.

He spoke to clients of Merrill Lynch at Ohio University-Zanesville on the state of the fiscal crisis in Washington D.C., especially the big decisions that affect all Americans like taxes and entitlement costs such as Medicare and Social Security.

"All of the plans that have been put forth that have managed to get through Congress do not attack either one of those," said Friedman.

Friedman says it’s not President Obama or specifically The House or Senate that is at fault for the state of the country’s fiscal state, but Washington as a whole.

"The Republicans say we won’t raise taxes under any circumstances, Democrats say we won’t take away retirement benefits from anybody under any circumstances, even people entering the workforce in their 20’s which is not going to be viable. The President says he won’t raise taxes on families under 250,000 dollars in income. 45 percent of America are paying no tax," added Friedman.

Friedman thinks cooperation on Capitol Hill won’t happen until clear signs start to show like libraries shutting down or mail not being delivered, but until then, he says no one has any incentive to cross their party line.