Former Sen. Simpson's 'Gangnam' appeal for fiscal sanity
Former Republican lawmaker speaks out
- Duration 7:33
- Date Dec 6, 2012
Former Republican lawmaker speaks out
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-- am from almost twenty years in the senate and his name is part of the frequently referenced Simpson Bowles deficit reduction commission.
Now he's getting another star turn in an unusual appeal for fiscal sanity.
-- -- style.
Senator Susan thanks for being with us he -- Well would be remiss if we didn't start with this.
What's provoked -- to do that condoms dialed my stance.
It's called the lonely young people this group that can can expect a bunch of struggling young guys -- Who will have to start taken taken part -- get taken apart.
The senior citizens of this country guided -- the AARP.
Are gonna -- give the treasury hand hand I really ripped into the AARP and I I do I mean to.
So they're not that upper Echelon of their people they're not paid trips are very marketers should just excel and stuff milk.
You know kids organization can match and so here comes that can -- back basic quit kicking the can down the road.
-- and and -- -- because we're gonna get stuck him boy are they hell hole hole.
They're gonna carrier real burden of debt we only almost sixteen trillion bucks -- nothing to count off.
So they ask me to come and do that -- she can.
Police put anonymous -- is just let them understand anything they say look these Koreans feel and get it has that it wouldn't get an -- -- an English.
Anyway so then they said here's what he's doing -- hint.
And the guy in the KM Russ and me he said here it is you do this and you were fast Henman would try to -- and abortion for on the last shall I can do that so.
Coming at a perfect after my myself which is glorious finish here -- just -- and a -- your.
But I'll get a lot of actions and it definitely got a lot of attention.
What is also getting a lot of attention as you know -- are these fiscal cliff negotiations which don't seem to be negotiations here in Washington.
Here's what Bill Clinton said about that too the Sacramento -- He says the American people are going to be sick when they watch news reports on the negotiations.
They said not to worry.
It's like two dogs that -- each other over a piece of -- they're sniffing each other out they're moving toward a deal that's what's going on you agree with that.
Korea still -- You don't have to agree with Bill Clinton but if anybody knows the game of politics and -- -- -- -- -- -- nun -- shut the -- All the media shrinking -- things are being done secret -- -- the toughest part of leadership.
Just to be in a room for additional option periods of time has same guys would you shut up.
When you leave here because I think we're getting cold and out the door they -- -- suddenly there's a light.
From a television camera and then two or three of those guys just like -- -- I have moss.
Just go over to what went on in there.
Well I had to leave because there are talking about a tax increase -- god bless him.
For the other guy says -- I had to leave because we're talking about -- was precious and -- national thank god you did I mean it's it's BS and it's.
Take hurry and it's just tragic so what do you -- happened.
From what -- you know the deal here you know what's what's going on what do you think is going to happen.
Well I tea hope what I hope I don't change -- more.
Like the statement from leadership from both sides and say I think if we go over the fiscal cliff -- help the Democrats.
And the other -- and I think if we go over the fiscal cliff that will help the Republicans that would be stupid.
Have you wish you good because if you care more about your country for your party than you do your country will never make it.
So you get in there and you do that -- negotiation and you know damn well.
If anybody doesn't think taxes are going to go further reaction the -- -- on me.
Does anybody with a brain knows that this guy old -- I guess his only insistence but no one's in favor -- -- Who go look at the tax code that's what we spent eight months -- and look at it this cold.
-- -- there is 1000000000100.
Billion worth of tax expenditures which are tax earmarks.
Which are spending by any other name and -- want.
20% of the American people -- 80%.
Who do you think that is -- you and me and the guys with money.
-- 27% of the American people -- Semi straight quarters the American people never heard of those -- So if you wanna get some from the raiders just go into the tax code and start rip and they don't have to -- -- that tax increase.
Shouldn't take time to do but that's where you get church.
Crash senator there's so much talk about taxes but there's been precious little talk about spending.
Or cuts -- spending.
George will wrote it today in spending is the main culprit because today federal revenue is two point 67 trillion slightly less than Clinton equivalent.
And spending is three point 76 trillion so we are spending 987.
Billion dollars more.
Then we would be if we had just increased Bill Clinton's last budget for inflation and population growth.
-- you can't you can't tax your way out of this hole.
You can grow your way out of this hole hit double digit growth for twenty years you'll get out there and but you can't cut spending your whole this hole leader you have to have a -- I agree without totally.
Ten and there's so much -- -- Look at the Defense Department.
I love the shape could -- of that -- my party.
Tony Taylor we dug into that we should how many contractors you have in the Defense Department mission won't -- -- -- who support this it.
She sits between a million and ten million contract finished 20300 -- and our guys retired military -- worked for Lockheed.
Eisenhower was right for a child from the industrial military complex.
Senator -- where do you put the odds that a deal is done before the end of the year to avoid this self imposed fiscal clips.
You use one word in your remark which use the word yourself I think the word shellfish.
Will become the actions and they won't get it done.
Fans and the horrible part is -- think it will be and then vanished from them or the president William thing to be an advantage to him and it will be chaos.
-- -- about seven point two trillion bucks floating around between come December 31 you go too far you're thrown in recession due to little you throw an interception.
But at some point the group of people you and I have never heard of called the Marc Rich.
We'll step in -- say you guys are jerks you're dysfunctional you -- who appear here -- after silly or stupid.
But if you -- money because you'll sixteen trillion Mehmet -- you borrow over borrow what you come what comes in what goes out so we want more money for our money.
And that means interest rates you're gonna go up and inflation overlooked when that guy that -- get screwed is the little guy.
The middle class who is kidding who.
Send out they go out -- would be dance and that happens but we enjoyed the watching you.
Well I didn't enjoy it but it was fun coming out of her mind me -- half half half and deserves -- thanks for coming in today thank you risk.