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'The Donald' sounds off on the potential economic impact -or lack thereof - of sequestration
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Donald -- as a warning he's predicted a big fat explored and we spoke would -- -- a short time ago.
-- -- -- -- -- -- -- Okay yeah tell me what happens is sequestered goes into the fact we have visit across the board cuts what's gonna have what's gonna happen with the economy would jobs there are lots of things people are saying are gonna happen so you tell me.
Well I think not a lot is going to -- it's a very small percentage of the cuts that should be made and I think clearly it's staying over exaggerated.
A lot of things are not going to happen that people think it is going to happen frankly.
This is a very minor amount of the cuts after -- made ultimately a lot of people are saying that even Democrats are saying that.
Well it's hardest and understand because there's a lot of scary things that have been said the president says -- lines -- TSA aired in a very log nor an -- cut down on prosecutors prosecuting cases.
And what I don't get though is this is that.
Is sequestration.
Is just slowed growth it's not really -- cut so I'm having a hard time understanding why we don't even just maintain the status quo -- -- -- -- any impact.
What I think actually that's what's going to happen and I think that the cuts are not going to be steep as you see I think you could have to do a lot more cutting.
Maybe -- a balanced budgets you're going to be doing a lot more cutting and there's no question about it.
Everybody knows that the president knows if congress doesn't this is just the beginning.
What happens if we do you know cuts it off.
And dove in the next year 234.
Years and let's say that we continued to balloon.
Debt and deficit.
Well eventually could have a big -- explosion.
-- it's all gonna come to an end if we don't get good -- -- just seventeen trillion dollars in debt nobody thought that was possible if you look back.
789 years ago nobody thought that would have been possible -- seventeen trillion dollars and it you know the word trillion we've been talking a long time you and I -- that was not a word that was in the vocabulary now it's a very common it's a very common words and.
We have to get by debt -- -- at least wait -- I really should be.
-- ashamed of ourselves -- always let happen now.
Is the biggest losers are going to be our children our grandchildren.
But it will never be the same unless we do something and this is the time to do it.
Right now is the time to do it.
If we could get the economy low like if we could get China and other countries and take their business away that we just handed them -- -- silver platter.
And get our country great again because it's not break right now and then that would take care of a lot of problems but without doing that.
You look at what's going on in India China so many country just look at what OPEC is -- does better with.
Feel I see on your show pattern other shows where fuel is going to be setting records right now records in terms of what's happening -- OPEC is laughing all the way to the bank.
You look at what's happening with this country.
And we're just not gonna come back unless somebody that knows what they're doing is there.
I used to determine shame that was -- yourself Suzanne lest someone knows what he's doing and it is is doing the work I'm curious.
-- why are we in this mess.
Isn't because we've and incompetence.
Lack of understanding its politics its about windy or this is a very complicated issue why are we in this mess.
Well I think you could say it's all of the about which everything and they learned it certainly because of incompetence.
-- -- it because we have people that don't know what they're doing we're at it because we allowed.
People we allowed other leaders of other countries to take our -- golf are played to take our business away and you go to places.
I mean I go to other places you go to Brazil as you go through so many other countries -- the China being the number one culprit.
-- -- see what they're doing it's a miracle the government has to roll it back the government has to keep it back.
They could go up to 10% 12% -- government does things to keep the business back.
Is president but I think it does he have ultimate response because he's the leader -- cast it is speaker Boehner and the house Republicans.
Because they have so much and they have so much power -- who's who's who can drive this.
Well it certainly everybody when you think of it but the presidency -- he used the person that I should get everybody into a room and say hey folks suspect it deal.
Let's get things going we have to bring things back you know all of the things that we talk about over the last couple of years whether it's.
Medicare or Medicaid or Social Security you know -- does take care of itself if we could get the can't you know -- big engine of this country going again.
But the engineers.
It's broken.
It's really a broken country from an economic standpoint in 2016.
China will become is that big economic factor of the world that was unthinkable if you think back ten years ago.
You know from now.
You go back ten years.
It was unthinkable -- China will become the big economic -- 2016.
That's right around the corner and we let that happen as they become the economic power forward our -- are back.
You mentioned 2016 so one last question you mentioned running -- sixteen.
Well I am not frankly I -- I wish there really enjoying myself I really thought that this -- I'm they would do well.
He's a wonderful man but he didn't resonate somehow people didn't catch on he didn't catch on -- just didn't work didn't.
That was an election that should have been one.
It should have been won really easily but there's a long time to go there's a long time to wake we'll see what happens.
I would love to see our president do a great job I -- before everything else I love this country.
I would love to see our president.
Take back our country can't make it great again.
But right now it's just not happening if that did happen all of these problems would automatically be -- Down and I just -- you thank you sir.
Thank hadron.
