Also in this playlist...
This transcript is automatically generated
So what conservatives think Paul Ryan to -- C -- straw poll today we're gonna have to wait and see but we already know they -- praising his new budget plan.
And it has a lot less spending in it than the president's budget plan four point six trillion dollars less over ten years enough to balance the budget.
By 20/20 three but summit Forbes say.
Well it doesn't cut nearly enough.
Hi everybody I'm David as evocative -- on fox let's look at the flip side -- Elizabeth MacDonald.
John Candy Rick Unger wrench -- guard Mike goes Iranian and mark -- G and -- Democrats.
Pick on arrived -- say cuts too -- you say it doesn't cut nearly enough that's a flip side exploit.
Not at all a balanced budget is not small government under this plan government spending won't increase over the next ten years we get to a balanced budget in two and 20/20 three.
The budget will be four point one trillion dollars it's 3.4 percent annual increases and spending vs 5% under the democrats' plan.
Ryan thinks this is small government I think what he's doing -- he's playing very bad politics because his base put him in there to reduce the burden of government this is going to greatly expand.
John has a point here that the Ryan budget averages out to four point one trillion dollars a year.
That's 500 billion dollars a year more than what we're spending now with President Obama.
It actually cuts too much David he's cuts doesn't -- all trillion over ten years it -- four point seven trillion any cuts and areas that we shouldn't be cutting.
We -- be expanding areas -- scientific.
Areas that are gonna create jobs and Ryan is really this he's in fantasyland number one -- never get enacted in number two if it did get enacted.
It's unrealistic it's just totally totally out there and Disneyland.
-- doesn't it say a lot about where this country is right now that we're using terms like cut.
When in fact the Ryan budget plan averaged out at four point one trillion a year.
Is 500 billion more that what we're now spending.
Yeah -- George Orwell is probably spinning in his grave right now the abusive language.
I agree -- John Tammy and I I've just lost a lot of hope in my boy Paul Ryan you know I mean.
What he should he in the Republican should not unite behind a single word freeze.
Freeze the budget don't get into these debates about -- which only rile up people like mark casually freeze the darn thing a real freeze.
Let them -- percent of federal spending go down -- eighteen or 19% as a percentage of GDP and will boom.
Are well I don't know -- is the only one right as I suspect that Rick gets a little riled at this is well -- what do you think guys it's not about -- how much or how little it's the what he's doing I'm gonna read you one sentence that tells you everything you need to know about this budget one short sentence on page fifty cents to the Ryan budget that reads.
This budget proposes to reduce the federal auto fleet okay.
By 20% excluding.
The Department of Defense.
So it's -- to cut cars across the whole federal budget but no we can't catch 20% of -- -- sitting outside the Pentagon.
That is the falsity of this budget if you want to cut.
Fine but don't exclude defense it's a dishonest budget it it it's making pretense is that -- aren't aren't really well it's -- Let us talk though again about how much more is John Candy said the Ryan budget is that what we're spending right now it is not a cut it is a huge increase he -- -- it is a huge increase in fact it's CBOs or to put out the numbers to.
It's equal to two thirds of the world's entire gross domestic product over ten years that's what we're going to be adding on.
Unfortunately it and Ryan budget I liked our Ryan I know I understand he's trying to do I'm a fan of his and his attempts to balance the budget.
But when you have a budget where Al Gore's lockbox looks better than what you put forth you gotta say hey I got.
We are spending right now for the -- a lot of money for the worst economic growth since FDR went countries like Ireland Canada Finland Sweden have shown time again.
That the best way to get growth is to cut to get economic growth back into the economy capture -- -- -- big government out of the US economy Mike goes Iranian.
For those of us who believe government is too big right now is this the best we can do the Ryan budget -- David -- right we should be doing much better.
If we want to look at history through times when this country was its most prosperous it's always been.
When government spending relative to GDP was -- not larger.
The last president to preside over prolonged period of prosperity was Bill Clinton when he got spending down to less than 19% of GDP.
This budget doesn't come close to that market if you look at spending over the past five years you see it -- 2009 as big increase because of this stimulus but then that big increase doesn't go anywhere it just stays we have a permanent stimulus -- a sitting President Obama increasing amount of spending by 20%.
Of the government is that not enough for you.
It is not enough I think we need to be I'm more and the copyright.
I think all of 75%.
Of the -- I was still -- until the private sector starts coming back and -- adding.
I'm creating more job -- -- that you take and bring our our that are private sector to increase -- private sector that doesn't make sense David.
David we're now looking we're now looking at basically.
You know right now cutting back cut an act that's the idea why why aren't as saying -- what mark is saying is that you help the private sector.
By taking more from the private sector in taxes than -- -- are -- That's the only way the government gets money magazine that is so what is happening is taxes are gonna go up -- -- gonna have to go to pay the interest costs and all the stats and I got to tell you something.
When you have Federal Reserve officials experiencing buyer's remorse over all the US treasuries that they've been buying in Quetta city second.
These -- -- -- this might be the smartest guys in the room if they're not liken their balance sheet.
Loaded down with treasury debt right now and what they're trying to the support the spending going on.
And they got me gotta say hey that's a gut reality check we got to take a listen to Rick.
-- I know you're a lawyer not an economist so you figure he's your your deal -- I would numbers but these numbers don't add up debate.
The wind numbers certainly -- that I do that I think the Obama numbers that I haven't seen them yet and actually this outlets I don't know all of us that we have seen them we've seen how he has spent.
I'm not talking about pine -- got -- about where he spent -- increases size of the government by 20%.
Is it working said.
It said he would agree that we're seeing the deficit come down each year and since 2000 and I still get there it's -- good sized our -- not only of course is not a good size but it is getting better look.
We're focusing right here on the Ryan budget and I got a camera just because I.
I -- what you say what you will about Paul Ryan I don't say a lot of nice things but he's supposed to be a leader.
In this area and this budget was so disingenuous in amaze me.
Yeah so my mid air I thought you -- what -- -- -- manage your opponent.
-- -- -- and by the way it has been a leader since the eighties we have a president's been saying now you know what my goal is not to balance the budget just for balance -- caddie would be how do you act.
And and and get a fiscal responsibility in -- government with a president like that.
And shot standing on the orange had a six month mark already heard from John -- -- John unfortunately.
You are not leading the Republicans right now -- It's it's it's somebody Paul Ryan -- put forth a plan that says it's -- -- if it's insufficient.
In your -- where to Republicans go.
Where -- -- go it's and it's not the -- way this is not how you get back in the majority and I wanna make a basic point -- governments do not create jobs government's only can create jobs insofar as they take resources from the private sector got to get a certain jobs from Microsoft.
Or the jobs from slender I think that -- very manna from heaven only happen once in a vital according to Myron thank you -- I appreciate it good for.
Filter by section