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Well let's talk about the president's budgets -- getting the thumbs down from Republicans it calls for nearly 800 billion in new taxes.
Projecting a deficit for the current year of 973.
Billion which would drop to seven and 44 billion.
By next year in the proposed spending for the 2014 fiscal year an increase of 2.5 percent over the current year.
President Obama says he's trying to make this a bipartisan effort.
When it comes to deficit reduction are already met Republicans more than halfway so in the coming days and weeks I hope.
That Republicans will come forward and demonstrate that there really a serious.
As serious about the deficits.
And debt as they claim to -- Senator Jeff Sessions joins this ranking Republican on the Budget Committee senator good to see you.
The Republican side of your committee examined -- president's proposal.
And concluded that once all the gimmicks are removed the truth of the matter is as follows we'll put it up on the board.
One point one trillion in new taxes eight point two trillion in new debt.
Billion in new -- -- and a scans.
This is the important number.
59 billion in actual deficit.
Is the president here through his budget saying I want to grow government and I want the private sector to pay for.
Absolutely that's what they're saying and but they're really saying is that they're going to produce a clearly they're producing a tax and spend -- budget.
They raise taxes about one point one trillion and raise spending almost exactly the same amount it's tax and spend.
While they claim they reduced the deficit one point eight trillion.
That is total -- that is totally false it's just amazing to me that government officials can persistent.
This budget to the degree well I have but -- it makes it so difficult to even communicate.
When you get down to -- reaching some sort of progress on the challenges.
And thank you heard you heard the president senator yesterday standing there in the Rose Garden all -- My budget will reduce our deficits by nearly two trillion dollars.
You disagree you say that's it's really just a tiny fraction of that do you think the president is being.
Dishonest and deceptive.
They have consistent.
For a long period of years now.
Totally misrepresent the impact of their budget is breathtaking.
In -- Inaccuracy.
Is just amazing to me.
And I think the press the mainstream press to do a better job Martin digging into the numbers.
This is -- major tax increase they claim they have a balanced plan they suggest that's raising taxes and cutting spending the same amount.
About what they're really doing is raising taxes and raising spending a -- -- them.
And this is no way to Alter the -- course we -- on which is unsustainable.
And it's just very odd and difficult to deal with that situation that.
He's that very close to the so called danger zone of 90% of GDP.
And what does that do to economic growth and jobs.
So important question you just -- we are really as a gross debt number today at a 104%.
Over ten years their budget remains -- well over 90% that number the figure you're talking about.
Three different studies out of Europe International Monetary Fund European Central Bank.
Have all indicated that when debt reaches this high a level as we have in the United States.
Growth slows and you're seeing that on our growth is way below what we expected to be having now there's no doubt in my man.
That this large debt that we're not dealing -- -- is pulling down growth.
Costing jobs for Americans costing.
Pay raise is costing bonuses costing -- -- time for people right now and we've got to get out of this path.
The president is holding out an olive branch he says I'm willing to cut entitlements he's offering to Alter.
The cost of live -- measurement for Social Security.
Is that simply a small shift -- or correction or is that genuine meaningful reform.
Is one of the things that have been this.
Just about how to fix I entitlement programs.
But it just is nothing -- a comprehensive.
Serious review of our entitlement programs that would put them on a sound long term path.
So it is certainly -- There's something that's been discussed in would be part of a fix.
But it's disappointing that we don't have proposals from the chief executive that could actually help us get those programs -- -- -- I don't think he gets us any closer to it I think is very disappointing and the fact that they persist in misrepresenting.
-- what they proposed -- makes it even more difficult unfortunately I wish you weren't so we do need to reach an agreement.
Maybe that can happen I don't dismiss it but.
This is not advancement in my opinion.
Time senator Jeff Sessions ranking member of the budget committee on the senate side thank you so much for being with thank you.
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