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House Budget Committee chair was very pointed words of president Obama's three point eight trillion dollar budget he -- gimmick.
And as it it is a recipe for debt crisis.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Can your opinion.
What's wrong with the most -- what it doesn't do doesn't fix our problem.
He doesn't even pretend to actually fix our fiscal problem so instead of having sort of an American built -- last I would call it America drowning in debt.
And then when you strip -- the accounting gimmicks.
And all of the accounting tricks.
Take -- that way it doesn't come close even doing what he says it does he says it reduces the -- -- about four trillion dollars.
Doesn't do any of that we should weigh all the budget gimmicks it increases spending net over one point five trillion.
Increases taxes that one point nine trillion dollars and has a measly 400 million dollars of -- reduction over entire ten year period.
-- 47 -- over ten years.
And so instead of increasing our debt by 78% was what the status quo is doing he's increasing -- -- -- 76%.
Eleven trillion dollars added to our national debt and of this budget.
I expend its president -- the because am the president submits a budget mean and he'd send it we get a projections for fiscal year 2013.
And then we get a set of numbers which shows what's gonna happen over the next nine years after that.
And that of course is not taking an account that next year another budget's going to be set.
-- another direction whether up or down whether he's a president -- another ones the president whatever.
And so this is almost sort of -- the sort of the stream of numbers we see out in the future are completely phony.
Well that their projections and you have to project where government -- it is going in the future.
So you can set your tax policies accordingly -- you're spending policies.
You can tell whether Medicare is going bankrupt for example which it is in between twenty -- according to CBO.
-- 20/20 four according to Medicare so it in the future doesn't matter quite -- but it's also the trajectory of the policies.
So that shows the path the president has put us on based on his policies that he's calling for.
And since 61% of the budget is an auto pilot.
Such -- shows you how this debt is this going on auto pilot up in the president's literally doing nothing about it he's actually chasing higher spending with higher taxes.
-- is doing nothing to address the drivers of our debt we will have a debt crisis in this country that's going to happen that's.
And -- up -- that frustrating disappointing about this -- is he knows that's.
We have a debt crisis in this country.
And what's troubling to those of us who care so much about this country.
About our economy about people not being lied to within the promises of benefits but people living on the safety data about people counting on the Medicare Social Security.
If we don't he's having -- fix these programs then those people are gonna get hurt the first.
Well and the whole system and not be disrespectful to the members of both sides the island present.
His story Begin -- and even the fact that does senator Harry Reid has said that he has no intention having a vote on the president's budget.
Mean -- all these books that are put together.
And I've got stacks and stacks of books that obviously it my best -- giant books all -- work that the administration did putting together this budget.
I'm making these books and making these projections making these numbers.
It's just a silly exercise because it's never gonna see the -- because senator Harry Reid said there's -- -- no vote on an antique.
And it it's it's obscene.
So that the law says the president has produces the budget law says the president's.
By actually a week -- -- yesterday must.
Produce what does -- get -- -- this is really your promise Jennifer let me get together -- this is colleague a Democrat in the United States senate say.
Let's have a vote up -- -- -- That was in America and the law also says the house must produce a budget in -- senate must produce a budget by April 15.
Now we -- our budget last year on time we're going to pass a budget this year again on time because you hey we think it's our moral obligation results are legal obligation.
The senate didn't pass a -- between ten.
The senate didn't pass -- -- eleven -- -- -- no regard to their credit ignoring the law senator Reid is now saying.
He will not bring up a budget he won't pass a budget this year as well why not.
Because I don't think they want to show you in the rest -- the the country.
Just the kind of tax increases they have in store for the kind of government they built I don't think they're willing to show the country really literally how much.
Government will really cost the country.
Because they are unwilling to cut spending the presidents and getting somebody that increases spending in a debt crisis.
Michigan credit released coming up with something that is -- senator Harry Reid is actually stopped getting so yeah president I didn't give -- -- yeah was it puts it on the table.
Four years of trillion dollar deficits we've never seen that before but he did give as opposed -- -- thankful.
Because -- -- the budget development and that is because -- have for some reason makes me crazy the fact that.
The senator Harry meanwhile he would consider this -- put this up for a vote.
And at the administration bylaw has to go through the -- just stopped the many that don't -- -- -- -- what my guess it would what did you then ask millions of -- really to Dallas -- and it's never gonna see the light of day millions of taxpayer dollars.
Yes that's right and that's opponent that actually declined.
It's also -- the law so that the senator Reid is basically saying.
In the midst.
These chronic budget deficits and on the eve of the debt crisis.
Our elected represented as a United States senate and just decided not to govern not not just this year but for the last two years as well.
And that's the problem it also fuels this uncertainty it it gives the country the sense that they're government's -- -- working.
That they're -- -- in proposing alternatives and we put our cards on the table Pasteur plant and more importantly we address the drivers of our -- We pass a budget to lift this crushing burden of debt to get us back -- a path to prosperity reform our tax system.
Save Medicare save these programs from going bankrupt so people can actually rely -- these guarantees.
But -- you'll see all those negative ads being run.
But we believe we have a moral obligation.
To put these solutions on the table you know what Greta we're gonna get a country of choice.
They will see what we're offering as a choice of a different future for the country than the one of the president his party has a side.
Good we'll point difference between your proposal and the presence and I -- as -- -- -- not one but anyway your proposal I ours has a plan that actually pays off the debt.
He -- to play some it's the -- that out of control are in order pay off the debt some -- got to get her to get to cut spending focused so.
So he's not he's not gonna cut spending so I see you're -- they're hurt people you are hurt some organization or cuts actually.
So yes we propose a -- lot of spending but I would argue.
The herd comes from kicking McCain on the road it's the austerity that you don't post later in a sudden urgent -- just -- the -- what that looks like.
When you procrastinate.
We're saying if we can reform these programs now -- know -- real gradual way we don't affect Medicare benefits for people 55 and above they say the same.
But with the reformist program for the next generation some of these benefits can be counted on so were saying gradual changes now.
Prevent -- -- from getting out of control.
With economic growth and tax reform vs the president's path of debt in doubt -- decline.
Which by procrastinating.
The fix to these problems means they'll be sudden and -- you'll pull the rug out from under people after they've already retired.
Crank -- taxes on young people to hurt the economy like they're doing in year.
Because they procrastinated so the pain comes from doing nothing and then having -- -- debt crisis on your doorstep at that moment.
What is trawler taking a little bit.
Their revenue and tax increase on the -- which -- about 1% of the taxpaying population doesn't make -- -- -- it does not here.
And adding it to your spending cuts so that we get -- faster to the point of pulling ourselves out of this crisis not realizing you're thinking is that.
If before tax for the the -- in the economy will not Lewis quickly but there's you know but let's say it could just say tax -- half a percent.
So that the that.
They're raising the tax rates -- -- people but to fifty president Bob Miller let's just say about a million that's about what I'll -- my and I know the numbers off of 250.
That gets you what 6% of the president's spending increases they only cover about 6% of its proposed.
-- -- offset by what it does the economy -- increasing spending so much you know what I mean if you take -- if you take that amount that you're talking about that the president wants if you take that amount actually -- people is that good and inhibit the wrapping up and they've -- as the economy and it's like equal or greater point.
The second point is these tax increases he's proposing are a few more spending.
Not to reduce debt but mortem point and here's the thing -- since his tests that can.
Eight out of ten businesses in America they file their taxes individuals not as corporations.
You know subchapter S corporations partnerships the president is proposing that their top -- should go to 44 point 8% in between thirteen.
That means we're gonna be taxing successful small businesses which is where more than half of our jobs come from.
At -- retired two largest corporations in America you know you and I -- from Wisconsin overseas meaning Lake Superior where we come from Illinois you -- With the Canadians are dropping the tax on their businesses to 15%.
-- at twelve and a half percent China -- to their business is -- 25 president Barack Obama.
Wants attacks are successful small businesses that 45%.
In the year.
You don't grow the economy by doing that you don't pull the economy.
By penalizing job creators and successful small businesses and -- them almost more than twice as much of their foreign competitors.
And -- the point these tax increases are to fuel more spending part that's why we have a big problem with the.
When you should the president knows better that's one of the first comment to send out.
And that they're gimmicks in his plan and that you were taken event essentially have substantive discount priority and a half I mean that things that don't like the war rapid pay for the -- -- -- -- that.
How are you saying that he has a different ideology on how to resolve the big deficit and the debt and been where the direction economy's going.
Are you sane and he is being deceitful because you know.
As I know it's not even trying veterans saying is that he's so I mean deceitful and that she's not even trying to fix this problem that's what's so disappointing.
-- -- -- let me -- I don't know the answer that he gave us the fiscal commission.
The -- symbols and you know Simpson commission he disavowed that.
Any of the -- and -- -- that -- -- I -- an alternative on the table where I said was a better way to go at least I said here's however do things differently.
The president has created his outsourced leadership -- these commissions and committees he's just about every one of their findings.
We put out -- -- -- we said here's how we'll do it instead of this way he has yet to put a solution on the table to fix this problem.
Four budgets fortunately -- deficits.
More debt added to this into this country -- madness -- so I had George H.
The point I'm saying is -- -- ideological thing it's a mathematical thing and he literally has just chosen.
Not to give a solution an immediate.
-- intravenous and -- sensations -- he's just not doing it and it's not he's just -- -- -- -- that that's -- is no leadership but we've got senator Harry -- that -- he's MIA I mean women if they don't have any say in none of this is gonna get to the floor -- we -- -- -- and I mean we have -- budget to operate -- and.
And the problem we have today is a fiscal crisis and you don't address the fiscal crisis -- -- government doesn't budget.
Our government hasn't budgeted for three years were still living -- -- -- the Obama 2009 budget that that was passed by senator Reid and -- and mr.
In that congress that's the last budget that passed that's the one -- on -- still.
And so what we're saying is we need to make choices in this country and the sooner we tackle these problems the better off everybody is going to be -- the more we do in general terms it's.
It's hard -- -- not -- participating yeah I did in Iowa you and I just haven't even got at least participate combat anyway you know how we deal.
President thank you good luck you -- US for the job right.
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