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And tonight the countdown to the shutdown continues and with just over three days until the clock runs out it does not appear that lawmakers are anywhere near striking it DL now -- President Obama.
Who let some wise words for everybody involved.
-- -- -- looking for me is the same thing that they -- looking from speaker Boehner and Harry Reid.
And everybody else and that is is that we act like grown ups.
-- -- -- thing I wasn't aware that it was grown up behavior to spend tons of money that you don't have.
On this president's watch the federal budget deficit has skyrocketed to a projected this year alone one point 65 trillion dollars speaking of which.
Here's what the chairman of the anointed one's own deficit commission had to say about the economic situation.
Facing the United States of America.
I think we face the most predictable.
A lot of the sitting in this room didn't see this last crisis.
As it came upon us.
But this one is really easy to see this debt.
And these deficits.
That we are incurring on an annual basis.
Are like get cancer.
And they are truly.
Going to destroy this country from within.
Unless we have a common sense.
To do something about it.
-- the GOP has a solution for all of this House Budget Committee chairman Paul Ryan unveiled all of this earlier today.
Here's what what happened under our proposed budget Hoover calling the path to prosperity.
-- you can see we won't come anywhere close to the tipping point and we'll pay off the debt over time.
So -- we do it's.
We we'll cut spending.
And joining me now with analysis is the man himself the chairman of the House Budget Committee Wisconsin congressman Paul Ryan congressman thank you for taking time out of -- guess what was a busy day for you.
It has been regularly with -- all right look let's go over your budget because -- -- I think the American people.
Really need to hear from you because this is what you're spend months and months of your time now putting together.
Six point two trillion dollars in spending cuts relative to the president's budget five point eight trillion.
And spending cuts relative to the CBO's current policy -- explain what this means.
Well for the -- that means the president is proposing 400 billion in additional spending above current law.
So we're taking five point eight trillion dollars above where the law is right now I'm below where the law is.
The president wants to go -- 400 billion above that so many measures against the Obama plan -- cutting six point two trillion.
Right so yeah it's all right -- -- so get so the president is actually.
Increasing spend yes oh yes and they want it cut.
He he doubles the debt after his term in office.
And triples it by the end of his budget he sends our debt on an upward trajectory that is completely unsustainable.
Yeah and you do that by -- -- more money you do that by having government continues spend money we don't have the right.
Now the president presented his budget he didn't deal with entitlements your budget does he deal -- Medicare Medicaid Social Security.
And of the Democrats I don't even thing Nancy close even bother to read it but she came out within moments and -- didn't try to.
You know play the fear -- are ready which I'm sure -- just the beginning.
What are you explain to seniors want to you explain to people.
What happens if you don't deal with these entitlements and what it means if we -- deal with -- based on your plan.
What will these entitlements on the big drivers of our -- com and if we take care of these entitlements now by reforming them now.
They need to do -- and a gradual way and our own terms that means no cuts to seniors that means.
People 55 and above see no change in the benefits whatsoever in these changes phase in for people fifty form below.
But if you don't get this under control if you don't get the debt under control -- you have a debt crisis and what happened -- -- a -- crisis.
He's just like what's happening in Europe cuts occur immediately to everybody.
So for senior citizens -- organized -- lives around these programs who you know had promises made to them about social security and Medicare and things like that.
Then they get hurt when we don't fix this problem.
So our point is this.
Let's get to prosperity let's get jobs created in let's get these things under control so we can pre -- -- debt crisis prevented from happening and that means preempt.
Bitter us -- like that when you see in Europe.
Now the president's plan is to -- -- -- to kick the can down the road and do nothing about this.
That means you're accelerating.
Our marsh -- debt crisis and that means in debt crises he do crisis management that means cuts to everybody what does.
Prevent that from happening right so we have fourteen trillion dollars and that you know Timothy Geithner is out they're suggesting that you know we have to raise the debt ceiling just a short period of time.
Right what does it mean for the people that aren't 55.
Like myself and -- -- I think younger than me out congressman -- but what does it mean for people.
That yeah I 'cause I don't even -- -- like the term entitlement as much as I did write a benefit what what does it mean for younger people went in and and to what extent you have to change -- what.
What the -- policy of.
So what the conversation to the involves Medicare and so what we proposed for fifty form below for people on Medicare.
Is that Medicare converts into a system that works exactly like what I is a member of congress and all federal employees half.
We get a list of plans to choose from they compete against each other for our benefit and Medicare pays that plan.
It works like the prescription drug benefit works for current seniors today it looks like Medicare Advantage.
It's exactly like the -- -- members of congress have him doing it that way breaking on the government monopoly injecting choice and competition in the Medicare.
Is what the actuaries tell us the -- of Medicare tell us helps save the system right and prevent bankruptcy.
How cool is how we saw what happened last week with Chuck Schumer and we know that Howard Dean is rooting for government shutdown.
This is a reaction to the budget they never passed last year 61 billion that the Republicans want and cuts.
How are you gotta deal with six point two trillion not billion.
And if if they -- 61 billion as extreme might assume that every every old person is gonna be scared to death that you want them to die every cat food and dog food by the time this -- all over.
How we may not have said that.
They've actually said that these can't -- -- me all the time.
So yes the demagoguery is coming.
The distortions are gonna come.
You know how we do a child we go with the truth we tell people the facts -- -- the truth and I think the American people are ready for an honest conversation about the true fiscal problems in this country.
We cannot allow this demagoguery to deter us.
From doing what is necessary to save the country from this debt.
Bomb that we're having.
We -- get the -- under control that means spending has to get under control we're getting this economy growing and that means we don't tax our way out of this problem we cut spending.
All right last question we this Friday at midnight.
This government is scheduled to shut down things did not go well when when John Boehner and others were summoned to the White House earlier today.
My question is I believe that the Republicans.
Need to stand by -- promise they promised that they would stand for this.
I don't think this is something that you compromise -- on because if they can get the Republicans to back off here.
Then when they're dealing with -- your real cuts six point two trillion.
I think the Democrats will will try to hold Republicans hostage what do what do you what do you expect for Friday and what strategy.
-- -- -- -- Eight our goal was to get us spending down to 2008 levels -- the 61 we try to get a year's worth of 2008 levels spending.
The 33 is 2008 levels for the rest of this year so we can debate about whether or not we get to 2008 levels for me what matters most.
As we wipe out those two years of Obama spending increases that occurred when Nancy -- ran this place.
You've got to get rid of those spending increases then it comes underwriters.
I wanna think be spending cuts and then I wanna go from billions talking much trillions.
And get real spending control in this place all right and you do defund -- -- in your -- we defund and repeal obamacare.
All right congressman Paul Ryan will be hopefully -- checking in with you in the days and weeks and months ahead thanks for -- want us.
Thank you -- and that brings us to tonight's text vote.
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