Fox News
Expand
Browse All Video
Watch Live

You're watching...

Who's to blame for America's spending problem?

Details

  • Description

    President's role up for debate

  • Duration 2:29
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- kind of look who's talking sequestration sparking a lot of debate about the nation's spending problems.

And that was the topic of -- heated discussion last night on Hannity -- handing of the president's former chairman of economic advisors Austan Goolsbee and went head to had over what is crop causing our growing debt.

Schools -- saying that it isn't the president's fault so what.

-- here's his take.

You know that the spending problem facing the country.

Is not a discretionary spending problem it's not up for an -- spending problem or that kind of thing.

The root of our fiscal problem is the countries getting older we got to pay for social security and Medicare.

If you -- cut social security and that's not a Soros hasn't that as yeah.

It is true this presidential budget miserable please English -- doesn't -- In -- his first term he failed.

He said he grew John eight he's going to be it's gonna take about eight extra months that -- -- extra months to do it okay.

He's -- -- development says he's got a there was gonna -- deficit gap from when it happened from what -- -- -- -- assured it that maybe that'll have -- in the year to 125250.

We're still alive.

Well Charles Krauthammer giving an a very different take on the nation's spending and then -- be dead and he points to the president listen here.

You've got the numbers.

And the math on your side the man inside interest in cutting hasn't cut.

What he's done -- he has seen increased year by year they're spending increases.

At the beginning he was able to call it stimulus the largest spending.

Bill in the history of the universe.

Of great hundred billion dollars in one shot.

And I don't know what the residue -- that is an -- for a couple of years he shied away from the word stimulus but every time -- negotiated he wanted more spending.

And what'd he save his inaugural address and what did he say.

In his State of the Union Address strongly this year he wants to in the -- which is the new democratic -- For spending he talked about Spain and -- about cuts but I meant to say earlier he will dangle.

Occasionally -- say you know well in negotiations with the speaker.

I offered XY and Z this is always in the back room in the whispers show it's on paper -- -- in a budget that he hasn't done.

Because he is that interest is -- -- Krauthammer cited the president's State of the Union Address.

To go on and say that the president isn't -- in cutting because of his vision for the country which includes an entitlement state.

More along the lines of Europe.

Load More