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Maybe Fox News -- -- another big budget battle looming in Washington great to see everybody I'm generally and I'm John Scott both sides digging in their heels ahead of the latest fight over federal spending and raising the debt ceiling.
Republicans propose deep cuts to Medicare in the president's health care law.
While Democrats say they've already done more than enough to get the debt under control.
The president has made clear we cannot negotiate about whether or not -- government of the United States would default.
It was a mistake in 2011 to have that debate it hurt the economy.
And I think -- congress knows it has to do with the yes we also have to look at how far we've already gone in with the federal government this president seems to be using kind of a one way ratchet.
Always expanding the role the federal government even as we're seventeen trillion dollars in debt and -- increasing that debt at a rate of about a trillion dollars year.
So take a look at the.
That clock that senator lead just mentioned it now sits just under seventeen trillion dollars.
An amount now bigger than the entire US economy Karl Rove is a former senior advisor and deputy chief of staff to president George W.
Also a Fox News contributor.
Carl looked into your crystal ball do you see a government shut down ahead.
I don't know I don't think -- remember John we don't have just one battle we've got two battles we've got to battle over the continuing funding of the government to government budget your hands at the end of September.
And so there have to be provisions made for the new year and then we also have the debt ceiling which will be hit in.
I thought was interesting this weekend the president sit in the New York Times.
Quote the idea we shouldn't pay our bills and -- not just the United States for potentially the world into another financial crisis at makes absolutely no sense and quote that's what he said.
New York Times I would remind viewers that in 2005 President Obama -- -- senator led an effort in the senate.
Not to pass the debt ceiling saying it was irresponsible for any president.
To come and ask congress to raise and debts into the president's moral authority and those of his.
Supporters in administration figures like secretary -- Our little bit their moral authority to lecture in the American people and particularly their political opponents in the congress on this issue.
Isn't very strong yes and back then the debts that -- in the nation's level of debt stood at what about ten trillion.
Well below that below that.
Now look at that we didn't have to battles here we'll have the battle over the debt ceiling which will take place later in the year.
In which the Republicans will attempt to get further concessions on spending in return for proving that gets him.
But the first battle is going to be the battle over funding the government come September 30.
And in this battle is going to be between two numbers the senate Democrats in the president's support one trillion.
58 billion dollars in discretionary spending for next year that's what they -- the senate budget plan calls for in the administration supports.
The house Republicans use what's called the current law this is what if all the laws that are in place require in the way of spending.
Ended budget agreement of 2011.
July 2011 with the sequestration.
If those caps are honored.
That it's not a 167.
Billion dollars so the administration and the Democrats and senate.
What's -- 91 billion dollars more over the next year on discretionary spending than would otherwise be spent given current law and the budget agreement 2011.
In essence the president now wants to undo.
The budget agreement that he arrived at in 2011 that -- spending caps designed to bring the deficit under control well and and that presidential spending that you're talking about there that pretty much eats up all of the tax increase that was approved at the beginning of this year right.
That's right and look that we haven't had -- ended ended the debt the deficit from last year the debt continues to grow but the annual deficit is smaller this fiscal year.
That was last fiscal year however that's a temporary repair east of the -- with the Congressional Budget Office and the Office of Management and Budget.
Say the deficit will reduce the annual deficit will reduce and then start to grow again and during the entire time.
The debt keeps growing and and as you said in your introduction.
The total debt of the United States -- the public debt in the -- in what's called intergovernmental obligations that total debt is now bigger than the size of the US economy.
I don't know of a family or small business that hasn't shrunk its budget over you know these last few years of economic malaise why can't the federal government seem to do -- Well that's that's a good question and and realize the Republicans in the house aren't asking to shrink the budget relative to -- -- asking merely to moderate its further its future increases part of this is because.
We have so many programs about three quarters of the budget is now mandatory spending.
That's on auto pilot and as so Republicans are saints simply let's let's moderate to future increase it by doing you can actually bring the budget.
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