Does the government have a spending problem?
Democratic lawmaker blasts Fox News
- Duration 9:20
- Date Feb 2, 2013
Democratic lawmaker blasts Fox News
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That while it's running -- -- Democrats try to keep weight down.
I am not going to keep cutting the discretionary budget -- by the way did not.
Out of -- despite what you hear on Fox News now before we get to our panel -- -- The tape I just started democratic senators say PCs and is not out of control outside of entitlements but if it.
Well ourselves as possible I think that's what this life -- really fed up with the ABC spent.
Absolutely out of control completely out of control for the we see spending what it it.
I have to -- we've done quite candidate coming out of -- mind.
Fashion and come in and right now.
Hello everybody I'm -- -- welcome to cash in and our cash include this week mr.
Wayne Rogers Jonathan Hoenig.
Tracy Byrnes and joining us this week also Monica Crowley and former Pennsylvania congressman Joseph suspect Bachmann -- thanks for being here.
So -- loser right democratic senator Mary Landrieu who says we're just making this stuff up.
-- the people on main street you just heard from John from -- city -- well government obviously Eric had the spending problem in every dollar that -- -- Is taxed or -- borrow -- -- -- them -- from.
We the people and all that spending creates no wealth.
Of government spending is destructive to the economy still whether it's discretionary or non discretionary this government is spending problem -- need to change now me and -- it really doesn't matter of us discretionary non.
We have to start -- didn't even if it's a few.
Million bucks here a few billion dollars there.
We should be showing up all that waste fraud and abuse shouldn't we.
Well ever again I think it's worse than that I -- -- mean it's and it's who could get says millions and billions wherein the trillions we're spending the budget is the nexus of three trillion dollars a third of that is is being borrowed.
In other words where is spending way out of control totally out of control that's -- -- -- for example and only can see this right here.
But right he had this dark part here is the part.
That we are borrowing -- that's almost a third of the amount of money that we as business.
It's outrageous and they can cut it and every place and they don't do what.
Congress I'm gonna put a couple of full screens after -- show some of the crazy things we're spending our money on let's take a look to be.
It's the swine study 141000.
Dollars let's take a look at the next one Jordanian.
What the heck is -- who can have it let me throw another one up your reality TV show and India we spend twenty million bucks on on one more Amtrak food and beverage services.
Million bucks congressman we have a spending problem not only on the mandatory spending side but on the discretionary spending side like these do we not.
Well let me come back -- with -- two other examples.
-- take the Labor Department.
You would think that that is the one department this -- be responsible for training or adults actually our US government pens then last year by eighteen billion dollars.
Under nine agencies.
And actually 47 different programs -- GAO actually said these were duplicative.
And they were serving the same committee was that same types of programs from this but let me also take Defense Department.
You know Defense Department as you probably well know we had and you're just talk about some programs that we're probably a few million dollars.
But the defense bar and it cost overruns of 350.
In 2008 program so I know when Knight who is in charge of -- -- navy -- Cost you -- an aircraft carrier for eleven billion dollars the confidence we had in the Defense Department that was the right price was 33% but my point is but my point is.
We sold to congress and -- therefore we have cost over and so we donated hours around our house.
An electrician jumping -- but Tracy.
In the Defense Department kind of keeps us safe right I'm not sure what this -- -- study.
How that's gonna help a lot and up nights worrying about the Jordanians use their focus I'm glad that we announced that it appears -- -- Eric the thing that bothers me the most is that did not.
Well part of it.
We don't have a spending problem all is well we need like -- version of alcoholics anonymous for these people.
Didn't nip the problem before we can fix it -- even don't believe we have a problem and that is why they can.
Spending one of the outrage parts of this moniker for me was that -- -- US senators stood on the senate floor and called box out.
For saying that we're we're we're making this stuff up yet they were pulling it out of thin -- government has never been able to control itself because there's no profit motive with the government and there's no incentive for efficiency.
Let's put it this way.
Since the end of World War II presidents and congresses of both parties have spent about federal spending has been between like eighteen and -- 1% of GDP.
Over the last four years under President Obama Harry Reid and Nancy Pelosi.
That has exploded President Obama has ratcheted up that baseline to 25%.
That is discretionary spending and it's entitlement spending to the point where we have such unprecedented spending we have record breaking deficits and -- stopping by Eric that's let it happen.
Right automatically -- said though we talked about this last week -- we have a spending problem we have a spending problem we don't have a revenue problem Jonathan first.
Yet what we we don't Eric we taxed enough and ironically so much of the what are our tax dollars go to.
Are not specified in the constitution and -- -- to that the congressman's point you know at least defense is specified in the constitution.
Food stamps and feel not and the EPA and health care all -- -- money -- talk called discretionary or not especially if he's found nowhere in the constitution itself.
It's it's physically taxing people's lives it's hurting people's lives until congress kind of get that out of into their head that -- -- tax -- they borrow they're hurting individual Americans trying to make her -- way.
I think the problem continues to get out of control congress and says they can we at least agree that we have a spending problem on our hands in America not necessarily a revenue problem.
You we have both as a Simpson -- bipartisan commission said.
We should do spending reductions of two dollars including entitlement reform for every dollar tax revenues or tax reform it -- -- will host and if I could because there are so many -- -- what did GlaxoSmithKline.
Find 3.4 billion dollars -- for seven years it hit.
From the FDA that it's drugs were harming -- They have this look that hot topic on each FDA it was the only funny to -- -- largely on site at W -- -- -- -- -- let's talk about this we've spent five point eight.
Trillion dollars in the last four years it -- we have fort we have a negative GDP growth this quarter -- I would say that maybe we have a spending problem.
Look closely devastating problem but the -- that that total far better elder respect meant their congressman.
Is nobody and you don't address this nobody stands up in congress and says this.
Nobody says we got to do something about it it just continues for -- deadly -- pushed off that the boat cliff again.
They got to do somebody has got to stand up and have some cuts if you'll forgive the expression to do something that is quote right by the American people as -- posted constantly.
Pushing this and forgetting about it in in all due respect Monica you you talk about GDP the public doesn't know about GDP they don't know anything about GDP.
They don't know that we're spending more than we're taking -- and it's costing taxpayers money and this idea of this we need something we have to have something.
They're on leaves out there they are on no need they need we have to have to let me -- -- -- Well let me get my guys that anybody can you -- -- Monica until we use point and -- you raise a great point.
Talking about political courage -- one bite of the last two years -- kind of political courage to come and talk about entitlement reform.
Talk about tax won't reform talk about trying to get this government under control and spending under control.
Paul -- he did have the support of the Republican Party but he was demonized by the Democrats demagogued by the left wing media.
Now he's got the courage of his convictions but we need more like Paul Ryan to go out there and actually fight for that stuff.
Anti need to limit -- you -- you -- term limits as long as you ask people in congress that are older than me you're never gonna get anything done.
-- -- -- Like you know what certainly looks at their exact.
You keep taking -- you money out of my paycheck congressman.
You know not been I don't know when.
This trend -- -- you know help this economy very interesting -- -- we have the bush tax cuts as you well know Monica and -- I don't I think that was crazy talking actually but.
Between 2000 and each of the eight years of the Bush Administration.
And I think President Bush is some fine things but one that he didn't do was and he just cut all those taxes.
And didn't pay for them like in Medicare.
Since World War II.
So it isn't just tax cuts what it is is you also have to have the proper spending on the right types of let's protect our border congressman trivia what you -- it properly funded mostly -- military is also accountable with what it's spending as I gave us some examples.
Congressmen and I mean you advocated for the bailout to advocated for tons of stimulus spending.
You're -- Fox Business advocating for even more stimulus spending I think that's what's so worrisome this notion that government spending creates wealth.
It's nice -- -- -- and I don't know I left my -- got out and supported the SNL bail out in what -- to salvage our economy that's why I did it seem as President Reagan -- have to leave -- there coming up.