DemocracyNow.org - As negotiations continue on a debt deal, Democracy Now! asks longtime consumer advocate Ralph Nader for his solution. Nader says: "We have the situation with the deficit and the debt and spending and jobs. It is not that difficult to get out of it. The first thing you do, is you get rid of corporate welfare. That is hundreds of billions of dollars a year. The second is, you tax corporations so they do not get away with no taxation. The Citizens for Tax Justice put out a report recently with that 12 major corporations like Honeywell, Verizon, General Electric, and in three years, they made $167 billion in profit, paid zero in taxes, and got $2.5 billion back from the treasury."

For the complete transcript, to download the audio/video podcast, and for all of Democracy Now!'s coverage on the Murdoch media scandal, visit http://www.democracynow.org/2011/7/19/ralph_naders_solution_to_debt_crisis

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