Congressman Randy Neugebauer Talks French Elections and U.S. Economy on Lubbock’s First News [AUDIO]
On Monday's edition of Lubbock's First News, Congressman Randy Neugebauer talked with Chad and Rex about the latest issues coming out of Washington.
One of the big stories coming out of Washington is the election of socialist President Francois Hollande in France. Neugebauer said that this election would have a huge effect on not just France, but also the U.S. and the rest of the global economy as well.
"What we're seeing is that these countires that have had these huge entitlement programs for a number of years...now ,it's not only those countires that are bankrupt, but the banks that have been financing that are almost bankrupt."
Neugebauer said that, although these people like the entitlements they receive, they may not fully understand the consequences of such programs. Neugebauer also mentioned that the Euro is on "shaky ground," right now , and that we should start looking to Europe as an example of what not to do.
Neugebauer also talked about the "recovery" of the U.S. economy, young voters, and the U.S. relations with the Taliban.
You can listen to Congressman Randy Neugebauer Mondays at 7:35 during Lubbock's First News.