Explaining Southern California's economy

DeBord Report on 'America Now with Andy Dean,' October 12 edition

Andy Dean Banner

Listen in to the DeBord Report, from last Friday's segment.

Last Friday's economy report on "America Now" with Andy Dean followed one day after the Vice-Presidential debate between Joe Biden and Paul Ryan, so Andy and I spent the entire segment debating who won, who didn't win, whether Paul Ryan has any friends, and whether Joe Biden was incredibly rude and abrasive or...a thespian! 

We're probably going to spend some time this coming Friday talking about Obama v. Romney, Part II. You can listen live here at 4PM PT. Will Mr. Obama stage a comeback? Or will Romney continue to cut into the President's increasingly slender lead?

We'll also get into some business and economy stuff. Enjoy!

Also, congratulations to Andy and his whole crew — Producer Michelle, Producer Miranda, and Engineer Kyle — for adding a whole bunch of new markets, including Orlando, the land of "100 percent humidity and 0 percent state taxes," according to Mr. Dean.

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Vice presidential debate: 5 (and a half) economic battles Biden and Ryan will fight

Vice President Joe Biden and Vice Presidential Candidate Paul Ryan

Alex Wong/Getty Images and Mandel Ngan/AFP/GettyImages

Joe Biden and Paul Ryan will get their big chance tonight to duke it out for their respective tickets as the Presidential campaign enters its final weeks.

Gaffe-prone Vice President Joe Biden and buffed-up Republican VP nominee Paul Ryan will trade barbs Thursday in the Bluegrass State. The garrulous, off-the-cuff Biden, 69, will likely offer vivid contrast with his much younger opponent, who at 42 is the wonky wunderkind of Congress.

Biden has run for President a couple of times, and his expertise is in foreign policy. Ryan has a reputation as a number-cruncher who can drill down into the weeds of economic policy. Given that the country still has not shaken off the Great Recession, it is reasonable to expect the two men to lock horns on economic issues. Here are five-and-half ones they'll most likely tackle.

Medicare and Medicaid. In his "Path to Prosperity" 2012 budget proposal, Ryan and the GOP proposed a radical — and there's really no other way to describe it — reform of government-supported health care for the elderly and the poor. The end result of Ryan's plan doesn't look terribly extreme, but by turning Medicare into a voucher system — in theory, giving seniors control over their own health-care choices — the Congressional Budget Office estimates that seniors could end up paying thousands of dollars more in health care expenses on a yearly basis. The White House also proposes to reform Medicare, via the Affordable Care Act. Both plans target the same problem: Swelling future Medicare costs threaten to render the entitlement insolvent.

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