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Many Americans growing increasingly concerned about the fiscal health of our nation we saw -- polling numbers moments ago with Frank Luntz.
Lawmakers now facing some difficult decisions and we told you moments ago.
There's already talk of possible tax increases but what about spending cuts Indiana congressman Mike Pence is the House Republican Conference chairman we normally see in the marble walls behind him.
The on Capitol Hill today here in a beautiful studio in New York nice to see you thank you -- last hour -- interview Chris Christie he's the Republican governor of New Jersey.
You know anyone in November a year and a half -- is a bit of -- -- -- across this country he he's doing a difficult thing.
He's taken on all these unions in New Jersey and trying to in the cut back those so much.
To try and balance the books because New Jersey as small as it is is a state -- drive and up billions of dollars in debt every year.
Here's his challenge to unions and we get to react to market camera there.
Should you have to pay a small.
Percentage of that passion towards your health benefits and retirement I think the answer should be yes -- I think most New Jersey it's would say the same thing.
It this year more for the country -- 43 million dollars in retiree health benefits.
That's what's closest they just got tired every teacher -- but I find this is crazy and we can't afford -- more.
Okay he's trying to change this can hear is that wishful thinking.
Well a good fight I think it is.
It's the right wish and yes he can and the reason he can bill is because his historic election in New Jersey.
Governor -- historic election in Virginia.
Scott Brown's historic election and Massachusetts all give evidence of the fact.
That the American people are tired of the borrowing the spending the bailouts and the takeovers in the -- saying enough is enough.
And and they want to see leaders.
Like governor Christie.
Much like my own governor Mitch Daniels in Indiana who were willing to do the hard things were willing to lead and make the decisions necessary to put our fiscal -- I think what we're finding here you're watching our segments throughout the morning -- what what you find is that Americans believe they're gonna be paying more money in taxes.
It's a question of when and by how much right correct well I.
Look at it.
You know the American people many people were born in the morning but not yesterday morning I mean we saw this massive Obama care business past which -- Despite what was promised it was a deficit spending bill because the things that they left out because entitlements always cost more than their projected.
I think we've got about a thirteen trillion dollar national debt right now it is remarkable to me that this administration was actually boasting.
That this year's deficit was not going to be.
As large as we expected there there -- -- only in Washington DC.
Would you sell a pretty the second largest deficit.
In American history in the American people know there's only there's only one choice here you're gonna produce leadership that makes the hard choices like governor Christie.
He's prepared to make -- Republicans in congress are prepared to make or or you're you're gonna see you're gonna see higher taxes were inflated dollars which is another form -- Texas.
What you're referring -- -- -- this Washington Post article this is the opposite of obvious ties we thought maybe one point three trillion as opposed one point six trillion yeah.
Give or take a billion here -- a billion minutes the second largest deficit -- -- yesterday.
-- you know a trillion dollars I like I like to remind -- a trillion dollars is a million.
Dollars so we're running only one point three.
Million million dollars short you know -- started had it they wanna see if it is a million what worked million dollars.
The trillion dollars is a million million dollars and we're now going to run a one point three trillion dollar deficit this year.
Only in Washington DC -- you know but it's my sense to the American people are reacting to back it up let's I was given a flood of literature from your office you're asking for a lot of things right now.
Statements unemployment numbers right now the Sunoco -- jobs bill.
Get rid of the earmarks that what what's the chance at Washington between now and November.
Does something that helps the struggling business owner that helps the unemployed.
I mean you have to ask the political handicap percent question and I'll tell you is you know the American people know.
What's necessary to get this economy moving again it's fast it's excuse -- its fiscal discipline in Washington DC first.
In and it's fast acting tax relief for working families small businesses.
And family farms we -- John F.
Kennedy did it Ronald Reagan did it George W.
Bush did it after the towers fell you do across the board tax relief.
You you embraced fiscal discipline in Washington DC.
It's like I say you don't get get government under control get government out of the way and America will come roaring back I don't hear any of that Washington.
You don't what you're hearing now is more borrowing more spending more deficits more takeovers they got this financial services bill that is actually a permanent.
Bail out bill it's in a very real sense I think the fact that this administration is celebrating.
A one point three trillion dollar deficit.
Proves that that this administration this congress just doesn't what you're given the benefit of the doubt say okay let's yeah it's better than going in the other direction.
Which is the direction we've been -- -- carriers and the only reason the deficit is better bill frankly is speak because that that we aren't apparently TARP.
It's not costing as much as they thought it would it isn't any.
Reflection on fiscal discipline in Washington banks are paying back or editorial policy and they're just there -- and I ask you about the elections in November do you think the really difficult decisions on tax hikes.
Will come after November's vote.
Welcome the president put together this bipartisan commission.
To deal with you know the long term cost of government entitlements if they're not required to report until after the election.
So that you might -- is is is you know that what we're gonna see discussion of a value added tax we're gonna see discussion of of alternative taxation proposals but it's all gonna come after Election Day but the American people are not going to be -- -- just gonna tell you the American people get it.
They know we have to put our fiscal house in order.
And -- I believe congress is either gonna get the message before Election Day.
Where they're gonna get the message on Election Day Mike Pence the Republican from Indiana thanks to sing in person thank you thank you very time today to be.
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