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How 'President Bachmann' Would Fix the Economy

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    GOP presidential candidate lays out her plan for economic recovery

  • Duration 5:55
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I'm gonna -- -- and -- let's go out to Council Bluffs, Iowa where congresswoman Michelle Bachmann campaigning to be president.

The congresswoman are you very specific tonight.

In the face of all it is disaster.

If you were president what would be the first thing you would do economically the first thing.

-- the number one thing that needs to be done as I think the Treasury Secretary has to go you have to.

Cast some -- you mention that you're talking points memo if -- economic team isn't working you've got to get someone and who knows what to do that needs to be down I think secondly.

If I were president today at a call all the members of congress -- -- -- it into Washington DC and I'd say that's.

Look we are going to get this AAA credit rating back and this is what we're trying to do first -- an -- rich how the markets that we there will be no no default on the debt.

We'll make sure all interest payments are made second we'll tell our military and an -- in no uncertain terms.

They will get their checks -- number three we would make sure that all senior citizens would know they aren't going to be scared anymore.

Their current benefits as bulls -- -- Medicare and Social Security will be paid however from there.

With all the members of congress I would let them -- all the time for entitlement reform is now not in the future we have to have entitlement.

And Guevara and her idea that what your idea about Medicare you know it's -- -- her exploding.

What's your idea added to get the costs under control to the nation can afford.

To pay the bills of people who have paid into Medicare for their whole working lives and it's not really an entitlement Medicare plan that people always say that in their right.

You know we pay into this system.

But then a government does what He usually does takes money here and there and no money of covered all that.

So how do you get the Medicare costs under control what do you do.

Right right needs to be tied more to the market right because it isn't now.

Right now it's on a fee for service program and President Obama himself this.

This program isn't working and that has to change have been good suggestions that have come out there for like -- and didn't want people who.

-- Pete people who do.

People who do not have sufficient income.

Good -- their health insurance subsidized.

It's -- for those people who do have sufficient income that they would purchase their own health insurance so -- would be means tested as to who He gets out well.

-- -- -- affluent people who declare a certain -- having come every year they're over a certain level they're not gonna get as much Medicare help.

-- people going to be teed off about that but okay it's a it's a legitimate.

You know I would you raise the age for Medicare would you raise the age for Social Security.

But again.

Number one everyone has to be crystal clear no one was a current recipient -- -- I don't know I finally -- -- grandfather -- -- people.

That has to be crystal clear so under so what He -- sales -- forty you raise the rate.

You raise the age to 6768.

Them like that.

I get to look at longevity is clearly that I think we need to look at that -- on the Social Security side and on the Medicare side.

And on Medicaid but more important -- all of this bill.

Is repealing Obama okay I got I don't know -- dodging -- question I really don't I don't know if you're here to hear me on this.

Because a couple months ago I was in the white house with President Obama.

We asked him three times what's your plan to make Medicare solvent He mumbled around didn't get an answer and I -- and they don't.

Listen we had a plan would put it out let me let me tell you what the president -- let me tell the president set.

He said Obama care.

It's -- what senior citizens don't realize is that president Obama's plan for Medicare.

Is they will all go into obamacare there won't be in Medicaid you're -- -- be under president I don't know I don't him I don't into the -- worth discussing because I think to supreme court's gonna throw it out.

And he's a lot of land now bill if it I thought -- answer how -- the -- is president.

Doesn't kick -- as -- as president at.

As president of the United States bill I will not rest until we repeal Obama okay.

And any of the public remark I would exercise leadership as we actually repeal obamacare but congress when you know every Republican is gonna want to repeal obamacare and if that senate -- the house at different Gmail.

There's there's there's a big difference between someone who's going to sign the bill went up lands on their desk -- someone will go out and make the case for -- well all over the country plus.

As nominee of the Republican Party I will not stop until -- elect an additional pet thirteen members of the senate will agree with me so we get and a filibuster proof senate to actually repeal this thing.

Cannot really be obnoxious and go back to the raising the age of the Medicare and Social Security to my firm that's an easy -- yeah you -- my current mess up.

It all trying to be nice.

I got to raise the age for under forties to 68 or something like that.

-- -- For our social security and Medicare.

I I think longevity is something that the president and many members of congress have said we need to look at and I think we -- -- and that's and I don't know yet that's an I don't know.

I finally is -- don't know why -- MX.

It is this the -- there that this is that this is a very bad no good days 634.

Point drop.

On the market for two months I've been leading do not raise the debt ceiling.

The day of reckoning came last week this is an addition to the ninth worst day in the stock market last week.

When we -- -- -- I 500 point drop.

So senior citizens are looking at their portfolios right now and they've taken a huge hit I -- -- not look very bad day -- -- -- -- in my I would tell my views don't look.

Because you know month from now things get a lot of us get bad men don't it's terrible.

Our congress who have but I -- make positive -- make positive decisions that's that we need to do we -- we -- new president we gotta make positive decisions to turn the economy around good luck in the campaign thanks -- but it's not --

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