Steve Forbes -Editor-in-Chief of Forbes Magazine- spoke with Joe Pags Wednesday to explain simple steps our politicians can take to fix the floundering economy.

“How did we get to this point?” asked Pagliarulo.

“This goes all the way back to the budget bills of the 1970s. All responsibility went out the window,” explained Forbes.

“This is just wasteful spending. The terrible thing is they want to do even more on these so-called ‘Green’ projects. It’s just corruption,” he added.

Watch the exchange above.