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Happening again another showdown between President Obama and house Republicans today President Obama officially ask congress to raise -- nation's debt ceiling again.
How much this time.
One point two trillion dollars.
Now the houses are -- -- still put forth a resolution of disapproval the voters set for next week and the debt crisis is not ending any time soon.
Whoever wins a presidential election we'll have to deal of that so what would governor Rick Perry do if he present Governor Perry joins us in South Carolina.
Good evening governor and there is your fact pattern for tonight what would you do if your president because we got a huge debt in case yet -- -- -- better.
They Greta thanks it's good to be way it.
Would do it well we did in Texas we got fifty million dollars out of which is about 8% of our total budget.
This is this is not rocket scientist we just need to have.
Men and women in the United States congress and the senate and understanding you got to reduce spending and -- reduce spending.
And and do it in a thoughtful way you prioritize what's important you sure don't cut a trillion dollars -- the Department of Defense budget.
Just without thinking about how that's gonna impact America but getting this country back to work cutting that tax burden.
The regulatory climate.
-- the small business men and women understand that they can risk their capital have a return on their investment -- mean.
Is the most job killing administration certainly in my lifetime that I remember.
And they're doing it with the regulatory climate -- much as are doing with the tax and spending on it.
I prioritize it tell me what would be how you would prioritize -- what's gonna get the biggest yet cut.
Out of Perry administration who's gonna suffer the most are gonna take out of the most.
While I don't I don't think you have to talk about suffering and I'll take who's gonna suffer we don't -- these reductions -- webinar what would be your generation -- -- kids.
Let me re word it -- bit worried going to get Wigan and -- those cuts because.
Maybe get F fifteen billion dollars in cuts whatever's somebody's going to have some program.
This is something is -- to be cut some curious what's high priority for -- in terms of cutting.
Well obviously their agencies out there that we talked about that we can cut but -- the real key is you're gonna grow your way out of this opening up our federal lands and and waters for expiration of -- -- energy.
And let all of those dollars go towards paying down the that the data mean -- trillions of dollars worth of energy that sitting an American it's now being used proven reserves but you've got a president.
Who it is.
For whatever reason I think driven by his letter explaining environmental friends that won't build a pipeline to.
Create the jobs in the wealth of this the Canadian all by itself would create an end.
Only 9% of the proven reserves on our federal lands and and waters are being -- at this particular point in time.
Did you get the federal government out of the energy businesses is really important quit subsidizing all yes quit subsidizing so or win.
All of -- need to be phased out at the same time and allow the market to decide which one of these.
Energy sectors that where we're gonna use.
I -- your program though Susan if so the luxury of time.
And if you think about it going back to August going had the sort of showdown in terms of whether to raise the debt ceiling or not.
Is that there was some deal to congress came up with that does the president could have three instant installments.
Asking for the destined to be raised we're now at the third and last session that was not gonna last us to launch a super committee was created with the expectation would do those cost cutting -- -- -- -- what to do.
While that didn't happen in fact now with his automatic cuts are gonna happen in January -- after they've all gone through the election cycle -- because -- -- and away from the voters of the voters don't know so I'm not so sure you have a -- in terms of time I'm hoping we're gonna grow from all these.
You getting rid of regulation or -- -- hard Lauren attacks or whatever so what do you do it in the short run does that -- that debt ceiling is gonna come right back to bite us very soon again.
Well then the news sat down and start making across the board cuts I would suggest see if you're.
If if the that the issue is.
What are we gonna do not raising the debt ceiling is not an answer I mean I will tea that the Republicans then.
The house and the Republicans in the senate.
Shouldn't be even thinking about raising the debt sailing.
If the issue is we just gotta make cuts.
Then across the board cuts may be one of the ways to do and prioritize.
Though the military side of it but the you know that the fact is there's probably places in the military is that how many civilians.
Individuals we have on on the DOD.
Employment rosters that would that we could do without so.
In the making those cuts I would suggest is one of the ways that you -- deal with it if it's an immediate answer that you have to have been we're we're gonna have it grow our way out of this in the long run -- -- in terms so V -- of the battle of the -- South Carolina they have politics is -- I heard today I heard that the audiotape were Laurie -- was politely going a little bit about forgiving governor Romney a little bit of help from Bain Capital and then.
You've had private equity funds and -- the tune of seven million dollars contribute T your -- campaigns as governor of Texas so I'm curious you know why -- I'm curious how you reconcile the criticism of governor Romney for his Bain Capital private equity and then you take and and you except in the funds of the largesse of private equity people.
Why I think this a little bit overblown when I was talking about governor Romney I was talking about two companies right here in South Carolina.
Where they came in and then they made that decision.
To throw a lot of dead at these companies and and and then strip out the assets and and -- companies and then those people lost their jobs.
I don't think that -- the that theory in the best way for Republican.
Presidential candidate to be talking about here's the way that we're gonna operate in the future I -- I'm the candidate that's actually created jobs working -- our legislature and over a million jobs.
And that is an indisputable fact that we created over a million jobs in the state of Texas well I've been -- governor.
Creating that business climate where people know they -- their capital but the idea that.
Of America has now been leveraged buy this -- president that we have.
And what you you ask yourself what do you want do you want someone.
Who's gonna throw more -- added is.
Governor Romney did -- these two businesses in the end South Carolina the photo album.
Businesses and Gaffney South Carolina and the steel -- and in Georgetown or you want someone with a proven track record who has in fact.
Created the environment he cut the taxes and regulations and put a legal system in place -- didn't allow for over pursuing and they get out of the way and let the private sector grow I think the latter.
My record in taxes is what Americans are looking for.
Private equity background that Mitt Romney has.
Governor what did certainly -- compliment people running and it's it's clear that probably -- about Ron Paul is a little bit did different than than the rest of him into the rest of the field I'm just curious.
If you would then nominate -- and recognition of the fact that he has strong passion lots of followers.
But that he could -- almost -- Ross pro situation for the Republican Party.
What would you do to bring him inside the -- so that he didn't torpedoed the Republican -- cannot.
Was -- congress from Paul's got some you know he's got some good ideas when it comes to the economy with a Federal Reserve -- what -- yet.
You know were most people kind of go off the track -- congressman Paul is on -- farm policy and and some of his.
Statements about the military in Iran in particular and whether or not he would defend his role.
That's where we have a real problem but economically there's some things that congress from false talking about that are that are -- -- how did -- -- you know.
Where you said I mean obviously I don't think he wants to be outside -- -- I think he wants to be inside.
Trying to get rid of Barack Obama he knows that the the the real target here is getting rid of Obama I mean the man who -- put fifteen -- -- Colors of that debt on future generation -- me ask yourself America be better off today.
Then you were four trillion dollars ago -- -- answers no army no one that's.
I mean the least bit honest.
Can say that the four trillion dollar experiment that Obama and his administration has put America through is good for this country and Ron Paul knows that and I think that.
He cares more about this country.
He cares more about getting America back on track economically.
And and that's the reason that not only will he stay.
Hits from the standpoint the Republican stamp on the -- needing to be in there swinging away and and helping us to be Obama and 2012.
Got a very thank you sir and good luck sir thank you.
Do you welcome Greta so long.
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