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Sen. Manchin: We have a spending and revenue problem

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    Democrat urges caution on spending ahead of State of the Union

  • Duration 4:06
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West Virginia senator Joseph -- nobody wants here the president.

Tomorrow night first -- senator do you think we have a spending.

No I think we have not only spending problem we have a revenue problem they're both right -- -- both wrong if you're basing it off of GDP.

-- revenue the GDP is as close it's then for 56 decades spending is as high as it's ever been for the five or six decades.

What we've got to figure out is working with each -- Democrats Republicans are putting our country first.

If we are going to have new revenue without raising taxes but closing loopholes growing this economy.

Then should -- revenue go towards paying down debt if we agree is Democrats Republicans it.

Any new dollar of revenue seventy cents would go to pay down debt and let's say the other thirty cents would go.

Towards infrastructure it is something we could agree -- to.

You think your -- party could agree -- that even a racial like that seventy to be debt I would I would hope so just make some places.

No I don't see it I don't see -- your party's history that even -- Well we need to try -- in talking to my friends on down on the other around my Republican friends and saying if we can get a group together.

And the revenue base he comes from closing loopholes we do have a few more dollars coming yet.

Could we agree on how it's being spent because people that have means I talk to August -- we don't mind.

Giving more to the government if they would spend at the right way so the other thing is is we have to control our spending.

There's two things government can do know they can spend your money or invest it.

We've done a poor job of investing the -- they've been gangbusters on spending.

Well you write about that and both parties are to blame in the past whether it was a nor Republicans -- -- I spent Willy Nilly so this is a pox on both parties out as having said that.

It is your -- that dominates the White House it is your party that dominates the senate.

And it is your party that I figured it added that there will be the responsibility to get serious about this in the brief window that we have to get serious about it.

You -- any indication from from some little more liberal members you talked to senator that they are.

Well you know if if you talk to this those on the far left to the far right they're pretty much entrenched and where they're going to be I just hope there's enough of -- in the middle.

That can put our country first that's why I'm I'm I'm a member of no labels.

My myself and Jon Huntsman a national chair persons of this it's problem solvers it's bringing a venue to where people can set down.

And talk of differences and find solutions.

The problem solving and we've got to do more that -- and I'm I'm I'm talk I'm not giving up this is a great country to greatest country on earth has been good to me and my family.

And I want to make sure that the next generation of my children and grandchildren have the same opportunities if we keep spending at these levels they won't.

We're being demanded that about a way a governor Huntsman will be on -- Fox Business so tonight's explored this in greater detail -- the spousal sort -- there's no label approach right how you tackle is but in the meantime neither party really does do you think we're missing.

An opportunity here that by next year at this time.

Knee deep in planning for the mid term election and everyone focused on the next president elect's example -- -- but.

But that we're gonna miss an opportunity get this -- of control will be trillions -- -- -- When -- -- I have been from day one since I arrived here few years ago.

And been totally committed and supporting the Bowles Simpson approach a big fix approach -- we put sequestering in places a penalty against yourself no one ever thought it would go into effect.

Because we thought for sure they'll all come to agreement and understand what a difficult and -- serious financial problem we have.

They let that go by now there saying we can't take sequestered series.

Well the bottom line is it's a question is serious.

Every unit has had not used on -- to change the rules don't like liberals really don't -- everybody not changing roles I don't know probably has changed roles now well both sides I'm hearing both sides here is very very minor.

-- but what I think they should do -- -- basically figure out a way to get some flexibility.

So it's not as severe.

-- -- might -- right but I'm trying to come up these superhero solution senator I do a little -- don't try to get this right but seriously is there it's always good having you thank you very much.

Thanks -- I mean you know me.

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