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July 13th, 2011
06:46 PM ET

Mayor Cory Booker on a solution to the debt crisis: "It's not time to vilify people”

Tonight Piers Morgan brings in a host of guests to look at every angle of the debt debate from all sides including Massachusetts Governor Deval Patrick, Author of "The Total Money Makeover" Dave Ramsey, and President of Americans for Tax Reform Grover Norquist. Newark Mayor Cory Booker sits down with Piers to try to find a solution for the debt crisis. "We can't get caught up in the finger pointing game," Booker says. "As long as we are one nation under God then we have to find one solution because we do have one destiny."

Watch the preview clip and then hear from every angle tonight at 9pmET/PT.

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  1. bob

    how dare you put the _hore ann coulter on national tv this woman said that 9/11 widows were enjoying thier husbands deaths...then again what would you care you aren't american

    July 13, 2011 at 6:59 pm | Report abuse | Reply
    • margie

      .."you aren't american" blither blather

      July 13, 2011 at 8:17 pm | Report abuse | Reply
    • Rob

      Pierce Morgan lost the argument with Grove Norquist, and I have no problem with Obama as President he is a decent president!. But Pierce finally has showm his true partisan stripe. Some journalist. Liked the show as refreshing from Larry king but tonightès show dropped far too low. Like most governments of OECD countries including Canada (my country) USA has a spending problem. The left leaning media needs to come to grips with spending issues, unless of course you want a 64cent dollar.

      July 14, 2011 at 12:37 am | Report abuse | Reply
  2. charna hayes

    How dare you still blabber around at 9pm, and America's Got Talent. You need to be fired – and fast.

    July 13, 2011 at 7:53 pm | Report abuse | Reply
  3. Loonesta

    Dave Ramsey – doesn't he have a show on the FOX Business Channel? A Murdoch-NewsCorp-owned station? Will Mr Morgan ask him about the hacking scandal and then talk about his own time as editor for 2 of Murdoch's tabloids in the 1990s?

    July 13, 2011 at 9:04 pm | Report abuse | Reply
  4. sheila

    thank you Mr. Morgan for NOT allowing the Republican spokesperson "squirm" his way out of the awesome tough debt questions that you asked him !!!!! BRAVO, BRAVO !!!!!!!!

    July 13, 2011 at 9:15 pm | Report abuse | Reply
    • Learner

      I agree. Thank you, Piers, for not letting your guests spew their talking points without asking for specifics or taking responsibility for past actions. Booker was great as well.

      July 13, 2011 at 10:19 pm | Report abuse | Reply
    • laurie

      I agree. He was impressive in not letting the question go and I'd like to see more CNN journalists do that. Nice job. I certainly noticed and appreciated it.

      July 14, 2011 at 12:31 pm | Report abuse | Reply
  5. National debt

    Since the Reagan era the national debt has increased under every republican including Reagan. Bush sr. Increased by 13%, Clinton decreased by 9%, George w. Increased by 20.7%, now who is to blame for our debt crisis. Look for yourselves:http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

    July 13, 2011 at 9:18 pm | Report abuse | Reply
    • sharon

      it's too bad that the national republican media (think fox news) doesn't acknowledge facts but continue to spew anyway. the "liberal" media is too often afraid of criticism and of being charged with bias. well if fox isn't afraid, why are abc, nbc, cnn and cbs? it seems to me that a little "righteous anger" on the part of news media would be a good thing. report on the fact that social security would be totally solvent forever if only the money that has been "borrowed" would be returned. fight back, people. use the power of the media for once!!!

      July 14, 2011 at 9:21 am | Report abuse | Reply
  6. kay

    Grover Norquist couldn't tell the truth if is life depended on it. This guy doesn't answer questions,he only gives talking points. He is selfish self centered idiot.

    July 13, 2011 at 9:19 pm | Report abuse | Reply
  7. Michele

    re: interview with Mr. Norquist. If you already know the answer you want from the interviewee, why don't you just interview yourself and you can give the questions and the answers!

    July 13, 2011 at 9:20 pm | Report abuse | Reply
  8. vic , nashville ,tn

    Did he said he blame Obama 100%

    We don’t want to see him again

    July 13, 2011 at 9:20 pm | Report abuse | Reply
  9. Jamie D NYC

    Only the good die young. And by that standard Grover Norquist is immortal

    July 13, 2011 at 9:20 pm | Report abuse | Reply
  10. Ian Wood

    Piers, good on you for calling out Grover Norquist's partisan rhetoric. We need more interviewers to get tough when politicians can't admit the truth.

    July 13, 2011 at 9:25 pm | Report abuse | Reply
  11. stuart

    Do you have a crying towel?You and the Democrats are having an Obama pity party–According to you folks George W was the strongest leader this nation ever had;and poor Obama just can't correct anything–so as usual It isn't his fault.

    July 13, 2011 at 9:27 pm | Report abuse | Reply
  12. Susan

    Grover Norquist said "greedy people want money they didn't earn...... other people's money". Is he referring to Congress?The citizens just want what we have invested in the social security program. Congress needs to stop spending our money.

    July 13, 2011 at 9:28 pm | Report abuse | Reply
  13. Jim

    Ask Booker why he hasn't solved the murder problem in Newark!!! I don't care about his opinion about solving the "debt crisis"!!!

    July 13, 2011 at 9:32 pm | Report abuse | Reply
    • Roger

      He is doing a great job so far and it has gone down compared to before. The south section of Newark is filled with many ignorant people who unfortunately try and cling to their bad manners and customs. Booker works within the confines of the law and the lawbreakers will always find ways to skirt around it until they get caught eventually. Education is the key to ending all the violence and ignorance, but people want immediate results and forget that there is no on and off switch for the crimes certain individuals commit. Can you do better? He's much better than that ignorant criminal Sharp James.

      July 13, 2011 at 9:46 pm | Report abuse | Reply
      • Brian Kirkland

        " The south section of Newark is filled with many ignorant people who unfortunately try and cling to their bad manners and customs." Wow! You couldn't possibly be a racist bigot, could you? Let me guess. You're from the East section, aren't you.

        Newark has a REAL unemployment rate approaching of 25%. Jobs are the answer to Newarks problems, jobs for Newarkers. Most enterprise Booker's brought to Newark doesn't provide that.

        July 14, 2011 at 1:28 am | Report abuse |
      • laurie

        A response for both if I may: Yes, jobs are desperately needed and would not cure but could only help, right? Jobs doing what might be the question. Why pay an American work force when you can pay a fraction to labor from under-developed countries? And yes, education IS the answer. So many are trying to help with this known matter/solution but there isn't enough money to fund the schools properly. If we're coming up short on jobs AND education, where are we going? To more drugs and crime? It is my hope in this time of debt crisis that we do everything we can to fund education. I think our future as a country depends on it.

        July 15, 2011 at 1:58 pm | Report abuse |
    • laurie

      why don't you care about his opinion? did you find it unsound? I'm curious to know because it sounded like one of the smartest and most authentically stated opinions I've heard in awhile. tell me why you didn't think it was a good opinion. as for solving murder in any major city, especially economically disadvantaged ones..... when you consider all of the many problems that contribute to the violence problem - break down of the family, drugs, sub-par education, gangs, severe poverty.... do you really think that ONE man should have solved all of these problems in an american city before he can voice an opinion on something else? I'm sorry. That just doesn't sound very intelligent to me.

      July 14, 2011 at 12:38 pm | Report abuse | Reply
  14. Why is Crossroads a social welfare org?

    The promotion of social welfare does not include direct or indirect participation or intervention in political campaigns on behalf of or in opposition to any candidate for public office. However, a section 501(c)(4) social welfare organization may engage in some political activities, so long as that is not its primary activity. However, any expenditure it makes for political activities may be subject to tax under section 527(f).

    I want full disclosure of it's contributors, don't you?

    July 13, 2011 at 9:45 pm | Report abuse | Reply
  15. John Smith

    'The economy goes through a RIPPLE' Is this clown a wallstreeter? Blaming the consumer for all his irresponsibilities? Take the dumb donkey of the show

    July 13, 2011 at 9:55 pm | Report abuse | Reply
  16. Wendy Urbani

    If Cory Booker is not one of President Obama's advisors, he should be. Dream team, right there. As a viewer from Canada, tonight's show was the first time I've heard Mr. Booker speak. Eloquent, articulate, passionate, intelligent. Perhaps I'll have another chance to hear more from the mayor when I visit NYC in August!

    July 13, 2011 at 10:07 pm | Report abuse | Reply
    • laurie

      yes he really affected me too. so much so that I feel like he should not advise the presidency but run for president. i think his talent may be in communicating. you can't really advise on how to communicate authentically and reach people. but i agree with you 100%. i want more of him in any capacity.

      July 14, 2011 at 12:42 pm | Report abuse | Reply
  17. Lynda Norwell

    Hi Piers....Just watched your show about debt...how to live without it. I am 68 years old, have not had a credit card for over 40 years, have no debt...live very well in a great, safe neighbourhood in Ottawa, Canada, and am fine for the fiuture. Don't mistake this for being naive....I simply save for what I want, have lots of fresh, healthy food, and I have a family that keeps saying..."when you need something, you go out and work for it....not difficult, just need a strong will to succeed, and enjoy the challenge, and life.....come on America (and Canada too)....work for the freedom of enjoying life. Security is not based on money, its based on the will to do well within your limitations....Lynda

    July 13, 2011 at 10:19 pm | Report abuse | Reply
  18. Ann Spencer

    Piers, with Mr. Norquist, you are the one who started the "who's to blame game". He was trying to answer your question but it's obvious where your allegiances belong. Please go back to being fair, balanced and non-partisan yourself.

    An Indpendent Thinker.

    July 14, 2011 at 12:18 am | Report abuse | Reply
  19. christine

    Money has always been rediculous to begin with! Seriously, the government spends the money like its never ending, and we the people get punished for it! Its either cut spendings and raise taxes to make their people even poorer or go bankrupt. So what if they do raise the taxes and cut spending, what next? Will it just get worse, will we have to raise the taxes and cut more spendings again? Why are we being punished so hard for the governments mistakes, its so scarey and upsetting. I think the system needs a maaaaajor overhaul. I'm just so sick of the little people being treated like crap and lied to! This world is just getting worse and its like no one that can do anything about it is actually doing something about it!!

    July 14, 2011 at 12:27 am | Report abuse | Reply
  20. Texas

    Please get this out of touch windbag off your show. He went from a solution to some ridiculous immigrant rant, IDIOT!!!

    July 14, 2011 at 12:36 am | Report abuse | Reply
  21. Betsy

    I have heard that there is a Social Security Trust Fund collected over these many past years. I've also heard that the U.S. has borrowed extensively from this trust fund. Is there such a trust fund ? Have we indeed borrowed from it? If we hadn't borrowed, would there be enough money in it to continue to pay benefits as promised and to fund Medicare. Are SS and Medicare paid from the same fund? And on practical terms regarding cuts to Medicare, I saw a note posted in my docotor's exam room today telling us patients that Medicare will no longer cover tetanus shots. What a cut! Tetanus infections can be a metter of life and death. Since I hope to live longer than age 75, even if I get my tetanus shot when I'm 64.9 and covered by regular insurance, it will protect me for just part of my remaining lifetime. Ouch.

    July 14, 2011 at 12:54 am | Report abuse | Reply
  22. Astoria Jetter

    What an interesting young man, named Booker who appeared on your show tonight, 7/12/11. He is a young progressive man, who appears to have more common sense than most of the elected men/women running this country. And, to me it seems that the old men need to get off their duffs, and, take care of business. I wonder if they have ever heard that A HOUSE DIVIDED, WILL FALL? They seem to be servinc their own needs to be different, and, are not working for the people who really elected them, unless money put them into office. I really don't understand why they are so interested in raising money, when does one vote count. Is this country built on greed, not need? I am 76 years old, and, have never seen such a mess, as Washington is in now. Have those men and women gone into the communities they "suppose to" serve and really walked the street, even as another person, and seen how people are living, hurting? I believe we should get rid of all of them....they have no common sense. But, America will fall, simply, because it is divided. But, are they so smart, that they can not see the results of what they are doing? We simply will have a future, because they are messing up the present. Other countries are laughing at us. But, grestness does not always continue. America is losing thier "so-call" power. Sad.

    July 14, 2011 at 1:05 am | Report abuse | Reply
  23. Concerned

    Don't we all pay into the social security and medicare trust funds? Why does anyone think they have a right to play with future payments? It is so sad that anyone thinks it is ok to take from Americans that have paid into these accounts, why not take from people that can better afford it? Go where the BIG money is if only for 2 years and see if things can turn around as it did during the Clinton administration???

    July 14, 2011 at 3:33 am | Report abuse | Reply
  24. Dave Hutchison

    U.S. Income Tax Rates are “Dirt Cheap”

    The current top rate, with lots of deductions available, of 35% of taxable income over $379,150 compares to pre-Bush rate of 39.6%, and before that a whopping 70% for many years with a still-thriving economy.

    Of the 32 wealthy nations that make up the Organization for Economic Cooperation and Development, U.S. corporations enjoy the lowest tax burden at only 1.8% of GDP – due to many deductions – so few pay stated top rates.. Revenue Statistics of O.E.C.D. Member Countries, 2010

    U.S. tax revenue as a percentage of GDP is at the lowest level in 60 years. Chief executives at 300 large U.S. companies earned an average $11.4 million each last year – about 343 times average worker pay – the largest gap in U.S. history and by far the widest gap in the world. (AZ Republic 6/5/11)

    In the U.K as an example, their top rate is 50% on income over £150,000 ($238,907). They have a personal allowance similar to the U.S. but phased out based on income, and no itemized deductions. In addition Brits have a value added tax of 20% on most goods and services.

    U.K. inheritance tax is 40% on estates with a £325,000 exemption ($517,633) vs. the U.S. exemption of $5 million and top rate of only 35%.

    Brits also pay a National Insurance Tax (somewhat like Social Security) of about 20% of income split between worker and employer (vs. 10.4% combined in the U.S. up to $106,800 and then zero, plus 2,9% for Medicare with no cap.)

    British taxes also pay for a medical care system based on the idea that good healthcare should be available to all, regardless of wealth. Medical care in their view is too important to be profit centered. The U.K. system has no $million executive bonuses or the goal to maximize profits for shareholders. However, like in Canada a Brit may have to wait for certain procedures and may not get expensive treatments for marginal improvements in life quality. The United States health system despite being the most expensive in the world has not resulted in superior care by most heath studies.

    July 14, 2011 at 4:19 am | Report abuse | Reply
    • laurie

      Well then Mr. Hutchinson.... there it all is. I agree. And I'll add: Taxes on the rich and corporations being the lowest they've ever been are clearly NOT creating jobs. Corporations are enjoying record profits. That's fine. It's their right. But isn't that enough to declare that this trickle down economics is not trickling? At least not to American workers. I hope we can get off that economic theory. Just raise it back to 39% already. What's the big freakin deal. That would help so much with our deficit problem.

      July 15, 2011 at 2:19 pm | Report abuse | Reply
  25. Joan

    Shame on CNN and especially Kyra Philips just a minute ago for sensationalizing and exaggerating what happened yesterday during the debt talks. She said that the President said this could bring down his presidency making it sound as if he was using it for political purposes. Actually that was taken out of context and he said that he would stick to his guns to do what was right, take it to the people if necessary and risk losing his presidency. That's a huge difference in meaning. She also said, as many of your journalists have, that President Obama stormed out of the meeting. Hello, they had talked for hours, Cantor was flip flopping and talking out of both sides of his mouth and it was goind nowhere so he closed the meeting. He did not stomp out of the meeting. You see, you quoted Cantor who is one of the biggest obstructionists in the Republican party and who is using this more for political gains that almost anyone. It is a shame that the Republican leaders are running scared from the new Congressmen who were backed by the tea party and signed silly, unworkable pledges. It is like they are being held hostage by these politicians who are still green behind the ears instead of doing what they are sent to Washington to do and that is do what is best for ALL Americans. Several intelligent Republicans seem to get that and even David Gergen said one night that as a wealthy citizen he wouldn't mind paying a bit more to help out the economy. Going back to the Clinton tax levels would mean minimal actual monetary costs to these people but they are stuck with this stupid pledge that is holding everything back. Hopefully the electorate in 2012 will see that this President was the only adult in the room who insists on shared pain and a decent plan, that the Democrats would give in on some spending cuts and that the Republicans would do NOTHING but obstruct, obstruct, obstruct. This has been a very eye opening experience for everyone around the world watching this play out. Now do you see why everyone does not want another Republican back in the White House next year?

    July 14, 2011 at 9:38 am | Report abuse | Reply
  26. barry {clevenger}

    I wonder if this debt crisis and solution panel has taken into consideration the domino effect of checks not going out? Theres a lot more at stake than just not paying rent.I'm on dissability and many of my bills are paid automatically.But heres a few examples...Grocery stores will lose money,pharmacies,shopping centers,insurance premiums left unpaid,gasoline,just to name a few.With 27,000,000 people on SS not counting the military,I don't see where it saves any money.In fact it only puts us deeper in debt/recession.Lets not forget that the seniors who paid into social security all had jobs and sure could've used the extra money then too but their future investment wasn't a choice.I don't recall ever signing any papers that requested social security be taken out it was /is like paying a tax.Next they will tell us there will be no tax refunds.

    July 14, 2011 at 10:48 am | Report abuse | Reply
  27. Mike Morris

    Pierce, You are the only American commentator that had the GUTS to ask that simple question that Americans want, need and deserve to hear from it's politicians. And that question is, "what would you do to bring America back to work".

    If you are interested I could email you what I call my "Ten Must Do's" for America not only to recover from this unacknowledged depression but to regain our respected position at home and abroad for today and tomorrow .

    None of the politicians I have seen are answering that unasked question. I fear we are heading towards disaster.

    July 15, 2011 at 1:29 pm | Report abuse | Reply
  28. Debt validation sample letter

    Debt consolidation reduction entails mixing almost all debt in a individual repayment, which will reduced the particular payment per month. It is really an option when debt have grown to be …debt management

    February 5, 2012 at 9:09 pm | Report abuse | Reply

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