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President Obama set to unveil his budget proposal for next year -- chop full of tax hikes in deficit spending at critics already slamming it as a re election gimmick.
That is fiscally irresponsible some say it may just be a challenge for congress to come up with something better.
Last year it -- the.
Scott I had offered his budget for him senate Democrats haven't passed a budget a thousand -- even though the law requires that.
We only had two budget -- slasher -- for the house.
Budget they followed the law and and had a vote on a budget we voter on that in the senate.
Alfred president Obama's budget since the Democrats didn't seem to want to develop their own budget and didn't want to vote for him as his but it was defeated 97 to nothing.
Alabama Republican Jeff Sessions joins us ranking member of the Senate Budget Committee senator good to see you.
Obvious here is the president's budget proposal here which begins fiscal year October 1 calls for.
A deficit this year of one point 33 trillion.
On he is however proposing to cut.
The -- is up by more than four trillion over the next decade half of that through spending cuts in the other half through tax increases.
What's your reaction.
He is no where close to reducing spending.
And -- it four trillion dollars over the next ten years.
The preliminary numbers we've seen is it virtually -- a minimalist reduction in Baghdad virtually no debt over ten years.
We'll still and another eleven trillion.
Plus dollars to the -- We're gonna on move -- deficit up from fifteen to 26 -- on trillion dollars.
And this is -- course we cannot this thing.
And he proposes to do not think they set out reduced our eliminate the spending cuts we agreed to last summer.
His budget that he just submitted will eliminate this sequester that now we agreed to last summer.
-- that difficult choices that work there.
And -- part -- more taxes so he reduces the cuts raises taxes and then claims that.
Reduced to the deficit another trillion dollars.
Which is totally bogus that tax increase only.
Would pay for the to -- eliminations so this is -- -- honest budget it claims multiple.
On deficits that aren't real.
And it's just deeply disappointed.
Are they also want 350 billion dollars in short term stimulus spending.
What do you think of that.
Well it just adds to the debt the first thing you do to get it.
On a sound financial courses stop digging on the -- is awfully deep already so we're talking about borrowing every penny of that.
Barring every penny of that threatening -- Social Security.
Trust fund in the process.
I think it's -- A dangerous plan and I know a lot of people wanna see that happen and not can understand it in and allowed they make every American -- extra money.
But it's a dangerous friend well frankly.
The president's chief of staff Jack -- former budget director help prepare this budget.
Said and I'll quote him the time for austerity is not today if we weird to put in austerity measures right now.
It would take the economy in the wrong direction.
Does he have a fair point.
Well you know you can discuss.
How much ought to be cut this year.
But there's argue about borrowing more and spending Mon we should've been having a debt this year of about a trillion dollars instead you'll be.
Billion dollars 300 billion dollars more because they continue to borrow and continue to -- But in the long run this is so important.
The president of United States has a responsibility.
Did help this nation on this -- and as admiral Mullen said this debt is the greatest threat to run national security.
We going to have to have a long planned to get off five it is going to include the the big program like Medicare Medicaid Social Security.
They'll have to be put on -- sound financial basis they're not now.
And you could put this country.
On my path that would would lead us to prosperity not the time.
And I would just say this if the Republicans are given a majority.
The Republicans are going to pass a budget it will be a ten year plan.
Our growth and prosperity in this country you will guess -- debt path that -- on.
On in -- that fundamental responsibility.
Of this government and by the chief executive.
-- not lay out a plan as any credibility.
Wright is not -- -- -- course is irresponsible and -- senator Jeff Sessions many thanks sir.
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