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Dems in denial about spending?

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    Former senator Jim DeMint on Democrats' claims that the government doesn't have a spending problem

  • Duration 5:25
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Jim -- joins us well if we have no spending problems.

Senator.

Why -- we need to extend the debt ceiling why we need more money.

I regret -- the president is running out of excuses he he came blame the last administration goes he is the last administration.

President Obama has spent more and created more debt than any president in history.

Yet we've got the slowest.

Recovering and it any recovery in history.

I spent last summer.

Going around my state -- in small businesses dozens of them so it's very clear to me what's happening now.

They were already beginning to pull back because of the expected costs of Obama care.

The Dodd-Frank legislation that was basically a federal takeover of our financial system is making it harder.

For businesses to get loans and you look at the expected tax increases which businesses were trying to plan for.

The -- I'm -- really goes back to the president's policies it's not obstruction.

I wish we had more of it.

The policies in place are hurting our economy and even more than that the uncertainty from the mounting death.

Own individual Americans.

Is is putting us in the position we're going to be harder to dig out of it.

What if we don't also agree on what the promises are hard to solve it that's there's -- And if that pres Obama dean said that to speaker Boehner that we don't have a spending problem.

Even his own debt commission which is on the speaker's web sites says -- Even after the economy recovers federal spending is projected to increase faster than revenues -- the government have to continue borrowing money to spend that -- -- a spending problem.

That may also as well -- -- -- revenue probably can we just -- so much out.

What we've double spending in the last ten years in revenues this year will be at historic past.

So you don't have to guess where the problem is we're spending too much.

And we need to cut spending and we need to do it in a predictable way so we don't shake up the economy.

The fact is there have been no defense spending cuts yet not yet there reminiscent and so that for them to blame.

The the negative growth -- that is certainly was a part of it is defense contractors began to pull back.

But this started last summer when business is all over the country beginning to pare back their plans for this year in the end to end of last year.

-- -- -- all of the policies that pres.

I'm -- I think there's also a little bit to the insanity of what was going on this time in the fact that nobody knew what his or her taxes -- going to be your business taxes.

And it wasn't as though that that this is an -- that I -- I think I can understand.

How people in good conscience a city can withstand that is -- in a year and a half ago.

They created this deadline about about the debt about debt raising taxes going to the tax that it up.

And they waited a year and a have to do anything until the the burning the Midnight Oil -- the end of the year this year it was -- NET -- -- in the meantime the so much uncertainty there was her suspected doesn't do anything puts economy and stuff.

All because the president the that the senate and the house don't do their job on time in -- drag it out and when they get the end of the deadline.

They create new deadlines.

They do and then they try to use the drama in the theater to force something through at the last minute that otherwise could couldn't pass.

-- but we have temporary tax policies that -- temporary.

What what will unknown regulations that are coming out at a faster rate.

I was in small business loan business for over fifteen years.

I don't know how anyone can operate in this environment that had business to show me -- plans if -- their taxes went up which they did they were gone on.

The cut back on 25 people and this was a 150 person firm.

So it's common sense Greta we don't have to guess at what's happening it's not Republican obstruction.

And -- fact is it is -- policies that the president has put in place is making it more and more difficult for businesses to succeed.

Quick hits and it -- He's disheartening because you know people are business people -- parking money making -- making investment decisions.

Not to if it which might create jobs.

But it's because they simply either either they feel overwhelmed -- overburdened by prosecutors did affect you and -- -- trying to figure something -- or sat down here about the health care and if we're struggling to try to figure out what this isn't it that's not very good use of -- time trial all across America businesses are trying to struggle to figure this you know what instead of making things simple and effective and efficient and fair we're getting all these thousands of regulations that are confusing and stagnant and just and rage people.

Businesses have to have a -- lawyers to figure out Obama care they're afraid of being penalized a lot of them are keeping their employee count down so they won't get over the fifty.

Threshold.

Again as a businessman it's pretty clear what's happening here and it's just bad economic policy.

But even worse the spending we're and we're not talking about it enough the president says it's no problem.

But we -- spending more like doing it differently.

It might -- -- Spanish -- -- -- -- probably don't need to raise the debt ceiling.

-- -- that we have to borrow money to keep the lights on -- into the goal now of the whole conservative movement is to push the congress.

To put our country on a path to a balanced budget.

The president calls that radical and with over ten year period if we don't stop spending more than we're bringing an -- border cattle we're gonna bankrupt our country so I think is -- ICM Greta good to see you.

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