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Is $447B Jobs Proposal the Right Answer?

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    Sen. Jeff Sessions lays out concerns with Obama's plan

  • Duration 3:42
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This transcript is automatically generated

Priced -- 447.

Billion dollars trying to put the country back on track.

Is this proposal the right answer Alabama Republican senator Jeff Sessions -- ranking member.

The Budget Committee senator good morning to you good morning -- are you running toward this idea -- from.

Well you know.

-- budget.

And talk and looking at the budget numbers in -- we -- seeing here is up 450.

Billion dollars in additional expenditure.

If you're remember bill which has had a big battle of the debt ceiling.

That actually on the cut spending next fiscal year by seven billion dollars and so the -- now talking about.

Handing 450.

Billion in the next year or two as an additional stimulus plan so.

Wouldn't with a promise over a decade perhaps of paying that back.

So I'm not sure this is a sound approach because I truly believe it's that debt itself that's pulling down growth and costing us.

Job He says He has an idea to pay for -- listen to what He said last night.

There should be nothing controversial about this piece of legislation.

Everything in here.

Is the kind of proposal that's been supported by both Democrats.

And Republicans.

Including many who sit here tonight.

And everything in this bill will be paid for.

Every car.

You believe it.

Well not exactly.

What he's talking about apparently -- He indicated lighter is it would be added to the promises of reducing spending over ten years they want it hides the end.

I expanded 450 billion dollars now in the immediate future.

Every penny out -- bar with a promise that may be paid back in the future we need to be reducing spending generally.

We need to be reducing debt now you can't say you're reducing debt.

When you're increasing debt and that's how we're doing is adding another 450 billion dollars to -- that we.

We're just we were just talking with Chris Wallace thirty minutes ago -- in his insight tells him.

That the White House is increasingly concerned about the possibility of a double dip percent.

You see it the same way have we already got back into recession.

Or -- -- -- clear of this.

Bill we've we've had our very disappointing.

I year this fiscal you.

All the congressional budget -- experts have been predicting.

3% growth we're we're below 1% growth the first half of this year that impacts the budget that impacts a lot of things.

So the question is what do you do Begin to create growth in jobs we can't do it by increasing debt I believe that debt is the reason.

We've had unexpectedly.

Low growth experts have folders.

When your debt reaches over 90% of GDP it slows growth.

And we -- 900%.

-- we've gone up 10% and one year so this.

If we do it right if we create jobs.

Without spending money such -- producing more.

Energy at home -- -- is eliminating regulations.

Such as creating a tax system that encourages growth.

Those things don't cost money but they will create -- That's the kind of thing -- the president needs to be focused -- senator thank you for your time we'll see how this all goes down because the debate begins now.

As to whether or not these ideas move forward or they die where they were announced last night senator thank you talk again.

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