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GOP senator: Time for Obama to get serious about spending

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    Sen. Barrasso says the president is the source of the problem

  • Duration 4:03
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And you can watch it in a matter of moments in the meantime the US treasury warning the government is only weeks away from hitting its spending limits.

President Obama already saying that he will not negotiate -- -- Republicans instead warning that he stalemate.

Will only lead to a new financial crisis is that true -- morass of chair of the senate Republican policy committee and senator good morning to you.

Morning bill is that true because we're gonna hear a lot about this in the coming weeks.

Well no it's not true the president bill has maxed out the credit card.

Now he wants a brand new credit card this is a president that when it came to raising the debt ceiling when he was a senator.

Said it was -- responsible to do so he said it was because of a failure of leadership.

But we have a president who was addicted to spending and he needs to just look in the mirror because he is the source of the problem it's his it's his health care law.

It's -- failed stimulus package.

These are things that the president has forced through the Democrats -- -- -- with and it is one of the reasons that we are so deeply in debt but if you're a family.

And bills are coming in you take a look at those bills you say how can we make sure that we pay these bills but more importantly.

You want to say how can we make sure we don't have bigger bills to pay in the future what what so what.

Idea would you support.

Are are you -- John Boehner cited says we'll give you a dollar in.

In -- if you give us a dollar in spending cuts -- Pat Toomey the Republican senator from Pennsylvania says you can make priority payments.

Make sure the military is covered items like that and then make less priority payments.

For the -- in the future would you go for water.

-- option number two.

Well I've cosponsored Pat Toomey is legislation it is a temporary measure.

Because we have to get the spending under control.

That's the big problem here in this country right now bill we are burying our children and grandchildren under a mountain of debt.

And that -- -- credit agencies say they want to they're gonna lower our ratings.

But not because of the debt ceiling.

But because they've won a credible.

Deficit reduction plan and the president doesn't seem to be interested in actually coming up.

With a credible way to deal with the amount of spending that is -- in this country that is the case and do you think senator Timmy do you think your idea can even get through -- -- Well I would imagine that Harry Reid under the direction of the president will try to block those sorts of things what we've done this in the past I'm gonna continue to co sponsor.

Senator to -- plan.

Fundamentally we have a spending problem in this country people all across the country -- -- they know it in Wyoming.

Families have to balance their budget ever every year.

It's many states do we do in Wyoming it's time for a the senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues and in the last hour Stuart Varney and Martha talked about it talked about some of these abuses that continue to go want people know that their tax dollars are being wasted.

We need to get the spending under control in two days ago Brit Hume told us this will be bloody.

This battle well.

Will it be it.

That the future of our country is at stake here in the president just wants to continue on his path of spending he has said in the past spending is not the problem.

The American people are very disappointed because they know that the president is wrong here spending is the problem we have to get the spending under the what does -- say about our economic -- and Fitch comes out says we're gonna downgrade you anyway.

But what what will -- cut a deal now or in a month from now.

-- and -- -- specifically said it's because they want a credible.

A credible deficit reduction.

Planned a solution along with her when she looks have you actually work to.

And when you take a look at that the twin tidal waves coming at us with.

Medicare and with Social Security.

Until you deal with those and reform those programs and strengthen them for future generations we're not gonna solve the problem senator thank you for your time -- thank you very impatient.

John correct -- bill on the hill Republican from.

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