John Stossel talks budget battles w/ Nick Gillespie & Veronique de Rugy

(ReasonTV) - Reason's Nick Gillespie and Mercatus Center economist (and Reason columnist) Veronique de Rugy talk budget battles with John Stossel on Fox Business Network.

Gillespie and de Rugy argue that while Barack Obama's proposed budget for 2012 is not worth discussing, Rep. Paul Ryan's widely discussed GOP plan doesn't cut outlays enough either. More importantly, says Gillespie, a country as rich and yet as broke as ours needs a fundamental rethink of entitlement spending for the middle class and well-off.