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I told government -- may have been averted -- least for now now late Friday night the GOP unveiled a plan to keep the government running for another two weeks.
Now the temporary spending bill in effect right now funds the government only through this Friday but the new GOP bill put forward by the speaker of the house John Boehner and the Senate Minority Leader Mitch McConnell contains four billion dollars in spending cuts.
And Democrats are signaling that they may agree -- this bill but they have not yet given a clear answer.
At despite the fact that the president has publicly back all the spending cuts that's in this bill.
So can a government -- really be averted joining me now is one of the men at the center of the federal budget battle he is the chairman of the House Budget Committee GOP congressman Paul Ryan.
Article on the backs are.
And they -- -- Sean gonna be -- all right well it is first hole -- feel that I did this get the world complicated quiz what below last year's budget right.
That's -- we run out of money this Friday.
-- this deal goes through and this is only going to be a two week extension and to do that too weak -- said what we need four billion dollars in cuts.
That's right -- we're not interested in actually -- setting these elevated spending levels of President Obama push through congress two years ago.
The kind of spending increases he got a government agency budgets 24% on average -- stimulus on -- -- -- 84% increase.
So the president's budget tries to do is lock in all those big spending gains.
We don't want -- accept that we're looking for government shut down but we're not gonna rubber stamp the spending levels we want spending cuts in return and that's what this is all about right are so I wasn't.
DC interviewing speaker of the house Boehner.
And at the right down the hall you're giving a tutorial.
You were educating you were informing.
A group of incoming freshman congressman about the budget.
And and you were kind enough to share -- the the information -- sat in now watch for little bit and one of the things you pointing out in this.
What do with a projected growth and how much this is gonna cost and -- put up on the screen this is the path ahead how are skyrocketing.
You know the debt will be hit 800% of eight GDP by 2080 we continue -- the current policy explain that chart.
This is a chart offer by the Congressional Budget Office -- tells you this is the debt projections we have ahead of us as a country.
This is it was very low interest rates for the future is so it's actually conservative estimate it shows you that we -- running into a tidal wave of debt so great.
But according to the Congressional Budget Office not only -- our children here inherit a lower standard of living.
They say the economy absolutely crashes in a tailspin in 2037.
If we stay on the path we -- -- These projections by the -- don't even count Obama -- its fiscal effects.
So this is what America is looking at right now.
According to congressional budget almost in every other independent fiscal authority -- the same thing right on trying to bring members of congress up to speed with just how dire our fiscal situation is.
That's why we are so stunned that the president gave us a budget.
That proposed doing nothing about this other than a double -- can stay in the same direction well we're gonna have a debt crisis -- -- preempt it yeah.
All right -- the president -- the president said we have to deal with entitlements but he didn't deal with -- -- wanna take a month.
I wonder politically do you assume as I do that he did that purposely so that he can then say all the Republican cuts are draconian.
By the way also he assumes growth -- as possible in the next two years.
Right so in order to make his budget look somewhat respectable for the year 20502017.
He -- extremely high economic growth.
In the -- -- point thirteen when he is imposing a massive tax increase on the economy on small businesses investing -- job creators.
So it's not it's not a budget that anybody -- agrees with even the Washington Post that he pointed.
So why is he pointing I don't know everybody thinks it's what you just said.
That is trying to lay in wait to pound on us for proposing -- kind of reforms right I don't know what the motivations are not gonna speak of that I don't really care.
We -- the country.
A choice of a different future we all the country.
A political party that will stand up and actually take on the country's -- before they get out of our control and that's why we gotta tackle this deficit problem this debt problem.
And come up with a budget that actually solves our fiscal problems if you look at that depth chart the problem is that not that we have too many taxes.
It's spending yeah we're gonna go after spending in the programs they give us all the spending increases but it's just debates.
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