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-- -- fifteen trillion dollars in debt now President Obama expected to ask congress to extend our nation's borrowing limit yet again.
To increase the debt ceiling by another one point two trillion dollars.
Republican Jason -- this is on the House Budget Committee he joins us live congressman good to see you.
Up morning this is not your normal -- making bill instead as I understand it it's in the form of resolution even if both houses were to block at the president.
Could veto it so this.
Is a done deal listen and.
It was there was some that was baked awhile ago what happens is congress passes a resolution of disapproval.
The president vetoes it and the house can't or the senate does not going to be able to override that so the president gets.
What he's been selling was a -- and his ability to spend more money what was the point of eight.
It's a good -- charade is -- It is it's just simple little procedural thing.
It was like you said -- -- when they passed bill was sometime ago giving the president his debt ceiling increase that he wanted to get through the election in November 2012.
You know with we have seen the clip present board then candidate Obama back in.
-- and it's irresponsible and unpatriotic of President Bush continued -- to raise.
By what he then called four trillion dollars over eight years the truth is.
President Obama has doubled it in half the time right.
Now absolutely -- it if you look at what the president did he introduce the budget to the senate the senate defeated it 97 to nothing there wasn't even one Democrat that.
That voted for you look at what Harry Reid the Democrats have done in the in the senate.
It's been close to a thousand days a thousand days since they passed the budget deficit spent about four billion dollars a day.
It we can't sustain this we don't seem to cut spending in Washington DC we just keep adding to the debt.
It it now we're closing -- give the president authority to be over sixteen trillion dollars in debt by the time we get to the election and over.
Well and I want to be fair here to President Obama and bush because we looked up the figures.
Since President Obama took office the debt has shot up 42%.
But under President Bush the debt increased 84%.
Arguably President Bush is equally to blame and a compliant congress that went along with President Bush agreed.
Well I ran in 2008 under the premise that I was concerned that that that the Republicans had.
Had that contributed to this we were approaching nine trillion dollars in debt and now going to the 2012 election were approaching its over sixteen trillion dollars in debt.
We are weak deficits relics of sports for four billion dollars today we spend more than 700.
Million dollars a -- just in interest on that debt -- half the cuts back and but but it just continues on and on to the point where now four of your colleagues.
In a house they're Democrats.
Are introducing a bill to actually get rid of the statutory cap of -- public debt.
-- put a quote up on the screen from one of them Hank Johnson of Georgia quote there's no reason to have a debt ceiling at all.
It doesn't restrain.
Spending since the spending -- already been committed it just threatens our credit and Wheaton weakens our country.
Does he have a point.
And -- absolutely not.
You can understand the mentality that I've tried to fight against it in the congress where people's Ali and even -- -- debt ceiling that's like handing out credit cards everybody of the countries think.
Don't worry about your -- just spend whatever you want.
And that voting card -- United States congress is the most dangerous credit card because there doesn't seem to be a limit so we need more controls we need a balanced budget amendment we need these types of things to rein in spending because.
Obviously Washington DC has no ability to -- wasn't a balanced budget idea voted down I think what it committee did need now to the floor right so I mean that's going well well past.
We did we voted it in the house and the senate it was defeated that I think voters need to look back at there us senators in there there house members and see how they voted on -- -- How I think that the president needs me push on this do you argue or are you not in favor of -- balanced budget amendment that'll tell a lot about where you wanna take this country and we cannot afford to continue to spend at the levels where we're doing we just can't do your right it was voted down on the floor thank you very much represented Jason -- it's good to see it.
Thank you -- A little known.
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