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Rep. Adam Kinzinger, (R-Ill), and small business owner Jerry Halterman sound off on the administration’s debt-reduction policies.
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It's unbelievable.
More spend then.
As a solution to the debt crisis.
What planet are they don't.
Republican senator Mitch McConnell responding to senator Harry Reid's suggestion that a deficit reduction plan should include.
More government and spending and tax sites.
And this is part of why Eric Cantor walked out of deficit reduction talks -- Democrats have moved.
That comes as we got more bad news -- the jobs -- with unemployment figures coming in much worse than expected.
And of course yesterday we had Ben Bernanke essentially throwing up his hands and say he doesn't know why the stimulus isn't working.
At a market clearly doesn't like this kind of action nor to our next guests Republican congressman Adam -- -- of Illinois and by -- small business owner.
Jerry -- who just met with a congressman and is one of his constituents so congressman first small.
This notion that in a deficit reduction bill you spend more money.
Is I think I have to go Mitch McConnell on this -- how does how -- the math how does see a -- of that work.
You know it's the only kind of wisdom that you get out of Washington DC you got to spend more yet attacks -- more yet -- borrow more.
To be prosperous it's been two and a half years.
Daughter -- a little over two years since we passed the stimulus.
It hasn't worked now they're talking about another stimulus more and more spending at some point you have to look at the facts.
And we after the fact based conversation the truth of the matter is Washington hasn't been telling you the truth.
It's time to get government out of the way of businesses out of the way a small business.
And bottom prosper because what we're doing out here just isn't.
Do well and I can also be -- might think what this is just you would are Republicans saying it's -- -- but even the Democrats are calling.
This thing they want to add into the deficit reduction package of stimulus senator Schumer Chuck Schumer Democrat from New York said this is a stimulus package.
Let's say -- cost -- fifty billion or a hundred billion.
We're gonna have to make that up to keep with -- president's goal of the four trillion in deficit reduction over ten years so.
Even they are calling it a stimulus package the assumption being that.
The other stimulus package worked fine.
Well if billions of dollars spending is supposed to reduce the deficit.
Why don't we just spend eight trillion dollars or twenty trillion dollars in just eliminate the deficit I mean that kind of logic is what's VNU stared at not to make any sense so.
-- again.
I don't know look I I have no doubt that my my friends on the other side of the aisle you know mean well.
But they see -- -- correctly you can't tax borrow and spend your way to prosperity anymore all right let's talk.
To Jerry I was a businessman who met with a congressman recently Gerri what do you think is needed here what should be.
Congress be doing right now.
Well it didn't business now we're looking at forty years and I myself lot lack confidence.
I'm a little bit nervous to expand my business and in the entire I'm almost -- to -- all.
Our small business growth is being held back -- at policies.
In too much government I'd like to run -- private business privately.
Get the government out of -- based stay away and let me get out of here on my -- I wanna be competitive.
With my competition or not with the government.
Let me just ask specifically what is -- of all the new rules and regulations that we've seen that have been implemented from the EPA OSHA.
To what's coming with obamacare what is it that bothers you the most -- prevents you from expanding and hiring.
I'm worried about -- -- hire someone to date at fifteen to sixteen dollars an hour with the government tell me I've got a stake in 25 dollars an hour later on.
A new -- -- come out.
I worry about the 35% corporate tax rate in this country.
It's just that the uncertainty of the whole thing we're not investing in ourselves anymore.
So congressman how do you reinstate that sense of certainly reminds -- business.
You know -- saying what I hear from every.
Literally almost every small business owners saw some point out -- Washington DC's got to listen.
To main street so how do you restore it look here's a very profound statement.
Washington DC does not create jobs we can create environments for job creation but this idea that there's going to be a magic.
Bill that we passed -- just magically creates jobs doesn't exist we have got to pull government back out of the way of the entrepreneur or.
We've got to -- people like Jerry that confidence to say you know what.
This health care bill that's obamacare bill is not gonna hamstring my company.
I do believe that we're gonna get our debt in order so I am comfortable.
Invest in ten years in the future just quickly when you buy a house.
You look at a thirty year low let's say you say I want to make sure I have been come in thirty years to pay for this right now small business owners.
Are confident that they're gonna have income in the future so they're not investing.
Alright very quickly congressman.
Eric Cantor pulled out of the negotiation because they wanted to add stuff into the deficit reduction what about Boehner what about your house leader John Boehner.
Well you know what he's got a big job ahead of them.
Look again we're we're fighting against this tax borrow and spend philosophy.
If we're gonna raise the debt ceiling we have got to have structural major changes and I'm not here and that's on the table so I'll tell you what the next month or two months of what's gonna happen.
Frankly -- -- is good as mine but we have to stand for responsible government that's -- -- you have to choose between Boehner and cantor not.
No I don't think there's and I think we're all working together right here to say we want the best government for the American people we can congressman Adam can singer and Jerry Halterman to both of -- -- say thank you.
