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Washington Playing 'Santa' with Your Money?

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    Report: Congress spent $6.5B on pork projects

  • Duration 8:16
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And it gives everything you want for Christmas this year because congress has been playing -- all of -- along with your money.

New report showing lawmakers giving each other more than six billion import presents from testing Quayle's on Coke descending Sesame Street to Pakistan.

Now called the finally cut the waste before even uttering the words tax hikes again.

Hi everyone I'm Tracy -- in for Cheryl Casone and welcome to -- -- -- are catching through this week Wayne -- -- -- -- and definitely feel and joining us this week.

News contributor -- Green and the editor cheap and the American banker Neil Weinberg -- -- you.

I it's not that I know you love this we're already hearing rumbles of tax hikes in the new year but you say we got cut.

-- first.

-- -- -- Tracy they're wasting our money they're wasting our lives they're talking more taxes meanwhile they're spending what half a million dollars on a rock and roll documentary.

800000.

Dollars on a study whether college kids like FaceBook.

Here's a hint they like it I mean money and a -- a promotion in New York it's a total waste of the role of government is supposed to be limited limited.

And defined by the constitution it's not the fix the economy it's not to create jobs for spending other people's money.

Throwing it down the drain it needs to stop.

Yes but that -- documentary was about the how it affected the collapse of the Soviet Union maybe it was very porn actor rob.

-- you say that we need to do both right cut spending and potentially raise taxes.

Oh yeah you've got to cause you can't cover the -- the gap just by cutting spending but but the but the spending is totally out of control Jonathan is right if I.

The last what I -- of this stuff.

Six point nine billion dollars you know that's nine zeroes I mean I did so that the culprit has pointed out all of these things it's ridiculous at this.

Over billion dollars given away.

Put two people for support tax credits on housing who don't even own -- houses.

What went all the way down to somebody who was a forty year old girl she doesn't leave the house and they gave up -- I think this is insanity.

-- one I love the best of course is the one you mentioned earlier.

You're giving a 181000.

Dollars for the study of how -- -- enhances.

The sex drive.

Japanese quite know the -- and I write my hateful and congress who've gone -- not smile is not where I couldn't hold my -- is the 600000 spend your research why monkeys throw feces.

-- Yeah that's -- afraid.

-- hey look.

One person's wasteful spending is another man's innovate says -- -- probably 50000 dollars on my topless budget are you scared that was in Hawaii and there's a reality I think that we have to look it.

Another list if we wanted to get rid of the 2001 in 2003 tax cuts for the upper income -- that's 866.

Billion dollars so yes waive its weight is absolutely right it has to be cut in thick but also.

-- -- It's not why does the study of monkeys throw and he -- -- -- -- high wage -- being tapped.

I don't forget thirty million dollars to Pakistan he may go back armories and none of them got the equipment -- the only 113 farmers and the equipment didn't work.

Look what similar thing is is a matter of them.

Making numbers do whatever you wanna do you're taking that over ten years let's take it over a hundred years okay let let's call eight point six trillion let let's talk what are we all the thing ever filed because 86 trillion dollars what we borrow 42 cents and our -- and you got to understand what we're talking about truly math wise.

If we go back to Clinton error rates only upper income levels now we borrow 39 cents of every dollar it's only about forty billion dollars a year.

And that money right there does that hardly pay the interest only -- -- crude annual deficit of one point three trillion dollars so you've got to look at real numbers were still borrowed thirty nonsense and that's beginning that the -- the tax cut taking -- away from the rich.

Those numbers just don't add up but.

Any at -- ailing actor -- look I took statistics we don't know we complain with the numbers we used to think that senator called -- his -- it's -- -- you know -- -- You know senator Coburn is called doctor nobody should be called doctor nonsense I mean this is political pandering at its worse we're talking about six point five billion dollars here.

That's how much Tim Geithner Treasury Secretary is -- every day and a half.

He's -- 125 billion dollars a month.

So we're going to be talking about rounding errors here it's utter nonsense I know that people don't like.

Pancakes for yuppies and there's lots of things we can throw stones out here but this is nonsense this is -- gonna solve our problems we have to get rid of Medicare and.

Medicare is -- numbers -- have to raise taxes -- Stop you can't ignore it it agreement -- matter it's a rounding error we've got much bigger problems not yeah.

Janet I get you back here it's egregious and you gotta start somewhere and I'm still gone back to the monkeys -- -- study.

I think I think it.

It is that the -- view we end up with a moderate trillion dollar bailout because we say yes to all these government intervention.

Spending -- -- -- to me it's thievery there's really no other way to put it we say they're estimating their credit card that's our problem because.

Well if you watch the show you know that I don't what's the most disconcerting to me crazy is that it's ineffective as well.

Spending whatever ten million dollars on Sesame Street in Pakistan.

Has not engendered the Middle East to western idea.

I'm more active -- -- and -- not an effective would you prefer that young kids in Pakistan to watch Sesame Street a front end to watch terrorists but aren't.

Yeah they certainly to have a police station okay.

Forget about the kids in Pakistan we have folks here that are hurting and better and I had -- until that point look in your mind are correct about the social and that was they had to be done.

That does not address the fact towards others thought about this is -- If you haven't person who steals money corporate American put in -- -- driveway in his own home.

That person gets -- are indicted.

This is a symptom of a much greater calls it cannot be looked over overlook because it is not trivial that's -- -- have to have some type of balanced budget amendment so these guys can not do things like bill.

Would come back to you because you say we need to do both but don't -- worried that they're gonna take your tax dollars.

And spend it -- I don't know 50000 dollars burger festival promoting chocolate in Hawaii.

Well of course some I have with I I don't think these guys can't these are people who are are on the hit didn't rides for a year as the congress.

They don't know when you call it a rounding -- -- that -- some poor guy got -- who doesn't have a job who's trying to sweep up well our whole way you do something like that for a you know ten bucks an hour off five bucks an -- while whatever it is.

Don't tell me that it's a rounding error.

That stealing stealing whether you're stealing five dollars up five million dollars they're stealing and -- -- stealing our money and the taxpayers should rise up we should go to Washington all of this stuff about people -- up.

Good to Occupy Wall Street they should be occupying Washington occupying the senate does -- that congressman's.

-- that's what they should be doing because these are the people let's stealing your money yeah.

He'll respond -- that.

You know there's a bigger issue here in the bigger issue as we have huge financial problems in this country and be talking about silly things that are costing us.

It's as much money as we are borrowing and a and a half a minute is just ridiculous it is a -- show and it is.

A sad commentary on Washington that they're not addressing our serious problems instead they're putting out and shot -- -- lists.

But -- yeah.

Yeah stimulus bill paint it let's can we all agree that one thing that was left off that list.

A 174000.

Dollars that each member of congress gets pay cut that -- -- -- Dealing with -- dealing with a small things is like giving a guy was a brain tumor an aspirin for his headache.

The real problem is the brain tumor how it's manifested -- some don't and the simple -- -- points out is thievery of American taxpayer dollars and it has to be addressed.

It asks hey isn't it.

I tip physically spent so much money on that documentary -- rock and were all killed at the Soviet Union I think we should've at least all gotten to see it that's how.

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