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What happened in the 2011 budget deal because.
When it was first announced we we heard it was sixty billion dollars that you would cut.
And then if that number got reduced to 38 billion and then by the time it was analyzed even further was down just hundreds of millions and not even billions.
What what happened on that deal.
Well that's not really true love the house staff 61 billion dollar for the cuts.
Well I tried to do -- I can could to get fed and -- the -- what degree right bubble we gizmos we got through 38 they have billion dollars worth of cuts.
That the Congressional Budget Office says will save hundreds of billions of dollars over the next ten years.
And there's a lot of confusion out there are about budget -- Vs expenditures.
I did today it's -- capsule was available for the government to spend.
Pulling that back was the first step and the fact is this.
We're gonna spend 79 and a half billion dollars less but what the president wanted to spend.
This year -- that 13 of the budget will be called discretionary spending benefactors.
We're gonna spend 38 -- billion dollars last then.
That we start last year it not 13 of the well then why was it all the reports that kept reducing the original number.
People got in this debate over outweighs vs expeditors.
And they confuse people but those are the facts.
And -- let me let me just run through the CBO had some some chilling numbers and conclusion that they can now they're gonna wanna read a couple things that they they pointed out.
We are headed for the most predictable economic crisis in American history and Washington is not providing the leadership.
We need to avoid it.
Spezza and frightening and chilling.
It's a very direct statement.
Coming from a government agency.
Is even more remarkable.
Well but we can't continue to spend money we don't have enough.
Which can't borrow 42 cents for every dollar the federal government is gonna spend this year a budget deficit of one and a half trillion dollars that according to a budget.
The president's budget.
Trillion dollar deficits for as far as the eye can see.
This is not sustainable it has to be stopped we took a small step earlier this year now it's time for the big step.
Let me -- let me just give us then maybe you could explain this to people terms for the I think we get into millions and billions and the people and trillions and people get confused.
The CBO projected the public debt is gonna reach 70% of GDP this year.
The normal historical average putting aside World War II is what about 18%.
17% and other years 11% very very low.
In its historical average is about 1819%.
So they predict by 20/20 191%.
And then they predicted going a 101%.
And they predicted going to 200% by.
So that means we're gonna spend.
Two times the amount we take and.
What this is not sustainable the American people know it.
That's why I don't want MIT -- doesn't want this opportunity.
To escape us.
Let's start the president -- serious about cutting spending now hands.
Making real changes so good to debt curve -- the future turns down dramatically what is the -- of even Greece and we -- we see what's going on there as a 150% of GD pay.
-- were -- -- your trajectory.
The Democrats still have been using these tactics.
Predictable fear tactics met a scare we call it you know.
How are you going to count her.
Attacks against conservatives and Republicans.
Why is the president he's already done it and by the democratic leadership.
Well I don't know that we want to outline what the steps the we're going to take.
But they're gonna come.
It's pretty clear to me that but we're gonna receive the Treasury Department or.
-- the social security department sent letters suggesting though my good news you might -- for Social Security check next month.
Or we may have to stop payments to Medicare providers unless this debt ceiling has dealt what's.
It's predictable it's gonna -- -- what we've got to do is continue to press our case with the American people that.
Cutting spending now in dealing with a long term debt -- helped create a better environment for job creators and our country.
Last point on the CBO they said Medicare is unsustainable.
Paul Ryan put forward a plan.
It can you explain the people.
How this won't impact as the president said kids kids with autism.
The kids -- Down syndrome and the elderly but they'll have to fend for themselves what is the plan.
It hit what it does is give every American.
Who's on Medicare the opportunity to choose a health care plan that fits their needs.
That is guaranteed issue they're not nobody's going to be denied.
And for most of the population.
-- we will pay the full cost of of that.
That that premium if you will and all that Medicare recipients today pay a small premium every month they'll continue to pay that but if you're wealthy.
You've got substantial assets beyond your Social Security word and expect -- actually pay the cost.
Of your premium.
But -- -- can affect anybody in the middle collapse or below.
It'll actually give you choices.
Of a private sector plan.
Of that terrible what actually cover more but what Medicare covers today more in other words -- go to the states and the states -- In other words that money will be allocated it is very don't know just went through the prescription drug plan the seniors have available to them today.
While they get to choose what -- kind of plan and they want.
They pay a portion of that cost the government -- pays a portion of -- -- What should Medicare.
Have the same kind of opportunity.
With a private sector would actually offer these plans in a variety of plants -- to seniors.
What about Social Security similarly it's headed for bankruptcy.
Is means testing in that inevitable.
Raising the eligibility age is that inevitable.
But at some point it is.
I would hope the president.
Would would you know what.
When I said everything's on the table except raising taxes -- -- everything's on the table.
We know we've got a long term problems and -- security.
We know what has to be dealt with and then the longer we wait the harder it's going to be to make the changes necessary.
To a true that -- program.
And there for those seniors who needs pretty profound though when you think about it do you we've taken 2.2 trillion dollars in year and we spend one point 65 trillion more than -- even token is almost double we're spending double we taken John I don't watch a leader for twenty years and I've been a Washington.
Every year they look at this problem.
It -- like to look up at a mountain ACL tall -- is they see how steep it is and decide.
-- really kicked him down a road another year -- guess what.
Rout of road to -- to -- down.
Now there's the time to deal with -- let me -- wanna to a foreign policy questions the -- the president the war powers act and Libya.
And recently had a vote in the house saying you know what you don't feel that.
That does a defined mission by the president.
Explain why that -- went out that way.
I've never seen not an administration back so precipitously when it came to engage in American troops on foreign soil.
There was no consultation there was no discussion.
Not what members of congress not what the American people.
That's you know we've got troops flying missions in -- it.
That's -- there's a constitutional.
Battle that's taking place here between the congress and a president.
Over over the fact that there was no consultation there was no authorization.
Secondly we get into this whole issue of what's the mission.
What's our goal here he said there were no hostilities -- right well that nobody bought that that nonsense at all.
But what's our strategic interest year.
You know the plan -- to protect innocent civilians.
And hope the colonel -- goes away.
Well guess what I answer question two days into this -- -- what if he doesn't go away.
-- -- get an answer I was speaker we really appreciate comments offensive.
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