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One Governor's View: Obama's Deficit Reduction Plan

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    Ind. Gov. Mitch Daniels gives his take on whether the president's proposal can work

  • Duration 7:19
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Governor Mitch Daniels who has a brand new book and the book shows tomorrow called keeping in the republic joined -- you've got to do.

I governor outlets in the president's program today app will help Indiana I realize that you that the huge surplus even happy as much help -- you do have a unemployment rate that's -- -- eight point 7% to help you.

Know that the help we want is as Dennis just said it's.

As a comic starts growing.

And provides -- jobs and opportunity and hope once again for our people incidentally that would be very helpful in terms of paying down the -- that.

Dennis correctly points out are at the single largest problem facing America right now that no effect on his get a little -- -- mean.

Did did did president forget He does raise Medicare taxes last year they're they're coming in that a year from now on the very same people.

He He never seems to understand that these.

The folks He wants to keep laying more more burden on predominantly are small businesses the very enterprises that have always generated net new jobs in America.

And so -- -- He will not lead to generate the revenue he's talking about and it's counterproductive in terms of the the growth that a lot that alone can get us out of this -- I'm loving curious about what -- takes another when He took office you had a 700 million dollar deficit an idea of a billion dollar surplus.

And that's a big jump in about like for five years five years some -- here's -- -- as a state -- needs and concerns and problems are different than on a national level.

But is there anything in particular that you did on the state level.

That could so effectively be transferred on a national level that would make a difference and as fast bus -- were desperate.

That's not because that's about it and we need the best -- ideas government.

Well.

I'm -- -- this is a spending problem nation cannot afford the size of government expense of -- we have today let alone the the biggest problem -- the unfunded and on fungible.

Commitments that are out there in the future the -- but.

Social Security Medicare.

So we do but -- -- -- and we can't just -- occupy -- -- so sick and can't hold up.

Now of course not so what we -- about that.

You say to the people -- the programs today nothing will change for you for the people now on in in retirement or soon to be say nothing will change.

A deal as a deal you've counted on these programs and wanted to protect them as they -- Now.

Will -- helpless.

Create for the future starting in a few years a social security and Medicare system so that younger generations the people who are paying for your retirement and your health care.

In this pay as you -- system.

Can have some protection to you know the president keeps ranting on and on about these.

And you know millionaires He dislikes and much by the way -- -- feel pretty good there are a lot fewer of -- -- -- when He became president.

This look at the that the statistics.

But down.

You know.

The he's he's looking in the wrong place I agree very much that to move out of this.

Fix -- in everyone should contributed.

But you're raising tax rates and hurting the economy and the prospects for jobs exactly the wrong place to go.

-- Warren Buffett doesn't use social -- security check.

You know these programs should concentrate finite resources.

On the the people who need -- the most people who might be destitute otherwise -- later years.

The tax system ought to be.

Reform in the direction of growth speaker Boehner spoke this the other -- he's on the right track and down.

If you did that by the way if you limited or -- eliminated many of the tax deductions and exceptions and exemptions.

Higher income people benefit more from those than than those of more modest means so you know this would be a direction.

-- up.

Every as far as I can tell we all are in this mess together and every American regardless of philosophy.

Has a very common interest in it strongly growing private sector.

And every national decision for the next several years I believe ought to be tested against the question.

Will doing this make private investment and growth and therefore jobs more or less likely and unfortunately this administration.

Seems to make every call in the -- Direction but there's never a discussion of at least I don't -- -- the urban areas within -- enormous unemployment rate you know hovering around 25%.

People have been a really.

Never adamant -- education management jobs is that what what we do but those urban communities that are really taken a beating that don't have much -- -- voice.

Well I think what we don't do is continue to pour more money into programs that have encourage dependency.

And and you know limited the incentive for people to take great and better care of themselves I mean I don't think there is a separate economic policy.

Four different parts of America I think we need a macroeconomic.

Policy.

I'm inspired.

Me to say expiration -- just minutes.

You know.

I can only speak for our state I don't think there's any shortage of ambition for people do better for themselves better for their families.

They have enormous numbers of people in urban and rural Indiana going back to school or.

Back for training.

I think the desire to work is still very much there is this book I wrote is I sometimes they constantly optimistic about the about the character of Americans and about their ability to take -- to make wise decisions for themselves.

And to come together to make kind of decisions we were just come -- so.

You know a pro growth tax policy all out energy production policy.

Pay Americans for the energy that we need.

A regulatory.

A cease fire.

Not -- you know I would stop the new regulations it in their tracks and and then provide some of the certainty that Dennis talked about.

So that.

The businesses of our state.

And I talked to all the time are generating some of them are making some money and they are paying their current workers more but they are they -- Far too.

Reluctant right now to hire anybody you knew because they think that.

More taxes more regulation come at a horse race between twelve -- I don't presently.

Lean towards one.

I'm gonna support the nominee of our party would get some really good people running.

I hope our nominee will step for pretty boldly on these subjects level with Americans.

About the changes that we that we ought to make about the way in which we -- in this together you know that -- the thing I thought was -- most.

And fortune about the president's presentation again today was that it was intentionally divisive.

Purposely.

Divisive at just the time when we ought to say to Americans -- we have some differences but we've got one or two.

Absolutely common threats and and common problems to solve the debt the need for a pro growth economy let's let's come together on that.

And I'm hoping -- -- have a nominee to you'll summons the best assumes the best about Americans and summons the best from.

Governor thank you very much nice user and here of course is -- t.'s McGovern back tomorrow night about something -- But -- -- -- guess what it is -- to be here tomorrow night 10 PM on the record to find.