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Former Sen. Alan Simpson (R-WY) on the payroll tax extension, cutting the deficit, and how to get the economy back on track in the New Year.
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Bitter fight congress finally agreeing to extend the payroll tax cut even if only for two months.
Joining me now on the phone with more on being reckless ways of Washington.
And getting spending under control former senator Alan Simpson Republican from Wyoming.
Also co chair of the president's deficit commission senator.
Great to talk to you today was that wise the extension even if -- two months people expect there will be a year -- we need to spend that money.
Well.
I've waited for the AD RP this -- -- all they've been babbling about repair -- hit bridge protecting.
Prejudicial security and its funding mechanism now what that the world that you do on.
But you take this six point two contribution down four point two another -- about to take the three point one of the and guess what that does -- the solvency of Social Security system.
That's debacle over hunkered tip -- at least thirty billion -- here this nuts and then when Italy try to put it back on.
Grover Norquist -- all -- many and we'll call it tax increase is recoup these things have ever heard.
Senator that and -- -- talk about something that is equally goofy.
They've taken to taking general revenue which is -- money to put money into the says the security trust if you well.
The Social Security really just to you borrow that money to put it in the trust but -- -- security.
-- is the government money because it invests in treasuries.
None of this seems to make any sense.
In a country where it did people out bears are worried about the fiscal responsibility in Washington where there is none.
Well today -- today here country borrowed.
-- -- -- 600 million.
And they will borrow trade 1000000600.
Million tomorrow but what -- gulf for just.
Nothing it won't do it won't help people won't help the little it'll -- -- interest.
It'll be for all the -- beat Spain -- that are paid for we've made 200 process for too many years we couldn't possibly keep.
And here -- -- and now the chickens and parishioners are coming home group.
Does anything change with the presidential election -- I just simply mean are you hearing any thing.
-- the GOP presidential hopefuls that would suggest that they will get top.
That there will be -- change because you haven't seen a change -- really either side of the island Washington.
Nobody will get cup is gonna Grover Norquist and AARP -- -- -- the country.
If foreign -- of these two groups that you can't raise -- nickel of taxes even when you go into bit tax expenditures.
Which are spending by any other name and really.
Our trip you can't cut into those but Tom Coburn says quote take away the ethanol subsidy check -- embarked.
Well did a tax increase.
If the AARP shape on how we do register retirement date this initiated by the air quality fifteen local people bill well I'm sure they configure about.
-- -- -- -- Vonage in this next election here.
We still can't break think that -- -- perhaps that the sprawl.
Of Grover Norquist been AARP -- got a prayer.
-- considered you'll admit it's about more than one man and one organization.
Alternately comes down to every lawmaker and every voter in this country doesn't not.
-- -- the but then every voter in this country home.
Good because it durst goodnight go around the -- -- question damn tired of DSM -- actually can't stand that.
So ultimately these guys are gonna campaign cannot be answered my black -- -- -- Medicare don't take -- nickel out of anybody.
Doctors lawyers hospital don't -- anything good grief then that's BSM.
I don't know pocket repeat that you can certainly say it but that -- that is the wheel house that you're -- on the wheel house.
Of the Democrats -- the Democrats were counting on running on.
The Republicans want to push -- over the cliff so I think it's -- -- of blame is equally spread here.
Well it has sent but they're gonna take care of their basic guys -- debt.
We're gonna go back of their basic you know I was trying to -- but part of that they've brought up actually increased bought shape view that the other group go back they're groups it.
I was going great I've tried so hard to work the other side but that -- start to talk about.
Limiting Medicare -- -- abuse pictures -- -- both sides so if that isn't much then tell me what isn't -- Is -- quickly is there any candidate senator.
Who is saying things that you like.
Well there's only -- in my mind the change things -- has been there and that's the kind of met a payroll.
If you have -- if capitalism -- -- bank would you rather have a company that goes broken nobody gets employed there what you debacle in it and take it over and make it work and fire half the people and get it back -- the shareholders and employees can work the -- that trumpet.
And take over -- failed organization of -- which stature -- with corruption.
And they ineptitude big US Olympics put back on on bunch dream that the only guy up there -- I have not.
Come out but but there -- anybody anybody with the shabby to do what you do in the society.
Senator is great to speak with you as always I hope the weather is great wherever you are senator Alan Simpson take care happy new year.
And you have been no hero and a beef side who who.
