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All right now prior to becoming senator John -- was the governor.
-- North Dakota neighboring states to Minnesota obviously for you geography buffs now look at civil war since that learn anything from.
Minnesota's did budget crisis in this government shut down -- over.
With the failure of cut cap.
And balanced my new favorite song in the senate and the August 2 deadline coming faster you know approaching faster than a speeding bullet here.
Will a debt sealing a deal be made we welcome.
Republican senator John of a North Dakota senator.
-- -- normal optimistic blow.
And -- this feeling that that the best way to get the actual adults in the Rome is.
Hello August 2 nice -- let the chips father and am I being.
-- editor at -- do we have a choice.
Home and it's good to be with you then -- clearly what we need to do is come to an agreement.
-- and I think if our comprehensive agreement that will reduce our deficits.
And reduce our debt do it on a long term basis get control of our spending.
And and then get pass this debt ceiling issue and really focus on creating the best possible.
Business environment that will stimulate job -- so.
There are probably as much better to get to an agreement and make sure that.
You know that that we don't they have this type of situation.
On August 2 where.
We're having get picked out you know which items paid service going to get that we need to get the work -- But senator I -- just just you and me talk and no one else is listening.
That's both -- what what's really gonna happen on August 2 let's today.
Well we hit the debt ceiling and we have -- compromise.
And it you know it's now August 3.
Is the world gonna come to -- -- is our aren't aren't the stock market's gonna see is is the bond market gonna see is do you really think some.
You know I again the the point is not to get to the point is to solve the problem and you know for me to predict exactly.
What will happen when it'll happen how happened I mean yeah that's hard to say now.
The real issue though is getting the work done the real issue is getting people to come together both sides -- -- -- And recognize that we not only need to deal with the debt -- the issue.
But there's an underlying issue that's far more important as getting control of spending.
Getting you don't get -- his country back on track where we're living within our -- was this so this is an opportunity to do what -- that's really what He.
So you don't you're saying that -- -- Mosul continues well we have taken one issue which is a debt ceiling which were the only country in the world for crying out by the does that and the underlying uses that you're talking about but what scares me.
Is look at you know the the sausage making they did Minnesota where they sort of -- stuff around we have this you know chart here on what the spending.
Cuts are supposed to be out of this -- -- Baltimore there's like a trillion dollars.
Of more savings that we're gonna have -- -- and they're calling that you know a budget deal.
We've got to -- Gary Katz is really -- those Social Security is nothing.
You know is this budget deal just give -- city again at which it which again is the kicking of the can stay with our metaphor and not a real change to the three -- -- of Medicare may have Medicaid -- -- Well I mean you're talking about the Minnesota situation what they did is they deferred.
So are paying a number of expenses rather than creating the structural think you need to make sure that you -- living within your means that you have a balanced budget right.
And that's why you know myself and others who worked so hard.
To get us to a balanced budget amendment.
That not only passes the congress but we send it out to the stage you need three forces states ratify it.
As well that gets everybody on board but the point has you need the real structural reform that reduces our spending.
So that we are living within our means right now our revenues are 2.2.
Trillion dollars a year.
But we -- three point seven trillion a year that's -- one point 51 point six trillion dollar deficit.
So we're borrowing forty cents of every dollar stand.
And our debts increasing four billion dollars a day but we can't come up with a one time or short term solutions that we need a long term comprehensive solution.
That gets us backs -- our revenues are above our expense.
But senator I -- with all due respect we -- got a graphic -- that -- that.
-- the last 69 out of those 75 or eighty years we overspent -- we brought -- I mean this is not a new situation.
The the numbers just sort of extrapolated extrapolated.
I'm gonna be the -- let's hear why on earth would since for the last 69 years at a 75.
We haven't done -- why all of a sudden are we gonna you know hit the -- magic bullet to have this come to Jesus moment and do structural reform act no I don't see it.
I think because of the very situation that we face right now today I think that's -- people recognize we need to have fiscal discipline here in Washington DC.
Fiscal discipline a lot CDC -- that is the oxygen bar the only feet lot.
49 out of fifty states have either cap institutional recessionary requirement to balance our budget.
That's what we need here in Washington DC is well for the country can't look.
That's the other point I want to make here is it's not just congress.
Passing have balanced budget amendment then we sent it out to the states to the people we say -- Isn't this how we should be operating gives them a chance to weigh in on this issue.
That not only addresses situation now in terms a balanced budget living within our eyes getting on top of this spending but.
For the future as well and for future generals.
And if so quickly -- what concerns me with this is that.
Yeah as you know about 20% of Americans basically pay all the federal income taxes so that means 80% of Americans.
Are getting more cash from the government that they're -- why would 80% of the people vote to have that cash restricted for them by living within our budget is it doesn't benefit them does it.
We need economic girls.
Not higher taxes.
And that the point you bring up is exactly why we need tax reforms -- we have a pro growth tax system that encourages job creation of private investment all right that's the key to getting our economy going that's how -- -- senator get out of this situation controlling spending.
Get the economy growing that senator thank you I appreciate very much guide them the maazel -- you can make this happen -- mama I'm -- Missouri I guess on all right so I like.
Thanks for -- and.
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