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National budget office's projections what they might -- for the president's reelection chances.
We're joined by congressman Emanuel Cleaver Democrat of Missouri also the chair of the Congressional Black Caucus -- congressman good to have you with us.
The -- with is that.
These numbers and again there are projections.
What are your thoughts in terms of the president's reelection chances.
If these projections hold up.
Well these are not good numbers.
And and everybody understands that including the president from however -- you know I think we are trending in the right direction.
2% growth as you mentioned this is projected during this year.
And I think also.
We we are going to go through -- report.
Wilson just what we can do to solve the problem.
The CBO says that the problem.
Is more the lack of revenue band and -- kind of spending spree by that the president.
That that the president's spending with the stimulus and so -- represents.
Less than 20%.
And that if you look at that this -- closely you'll find that one half of the 20% represents.
Extended standing in the Defense Department.
So I think that the president.
Can make the case.
That he has in fact been a -- Stuart.
Of the people's money but the bottom line is that.
What we got a problem and and and the Democrats and Republicans.
I have got to stop.
Calling each other names then and trying to.
For a sector their congressman -- gonna say we've got to stop spending so much -- on money.
And we've got to acknowledge your respectable bar party or ideology.
That this is unsustainable.
Fifteen trillion dollars in debt -- on for more than sixteen trillion dollars in debt over the course.
Of the next year we're looking at four consecutive years under this president of deficits in excess of one trillion dollars.
I mean we have a -- risky debt.
That is being deferred from this generation.
Of this administration.
Into the next.
And the next generation and administration's down the road almost in perpetuity if it's unconscionable is -- not this president himself said.
That this is not.
Fiscal policy that anyone should be follow.
When he was a separate.
I agree with everything you just what I am suggesting is that.
And we we we tend to push people.
-- to one side to be antithetical.
To the other side and the truth of the matter is that these cannot.
-- and -- -- at the same time.
And congress is not going to be able to deal with this problem as long as we become and that this fingers and instead of trying to figure out how to work together.
And you know a lot of the blame goes all the way around.
-- I'm less interest -- frankly congressman in assessing blame tonight.
I've been talking about the prescription for a problem.
Problems resolution because it has been the it has been that.
And the pre election of Congress's past in administrations past.
Republican and Democrat to perpetuate this problem.
However -- waiting to hear his clarity on an -- knowledge -- That we've got to talk about the reasons the business practices the public policy choices we've made.
That have led us to a point where we cannot assure the middle class and those who aspire to -- prosperity.
That should be pretty straightforward.
Response by both political parties.
So you -- that.
You're not gonna act arguing you -- think so I'm not -- have to -- agree with you.
What and there are some things we can do CBO says that if we don't extend the tax cuts of 2001 through 2003 there were also extended 2010.
The budget by 21 at thirteen.
And I'm -- but -- -- 40000 quarters ago.
-- that would drive to succeed 600 billion.
And -- also think that we need to put back on the table Simpson Bowles.
-- congresswoman I'm if I'm man and you're you know.
A couple of things very quickly 2014.
Just to put a couple of if I may find points on it.
The that the job of the bush tax cuts will expire at the end of this year.
These -- the 2014 projection puts.
Tax revenue -- 20% of GDP.
That is well beyond historical -- it means that we've got to have a change in the direction and in this country you mentioned defense spending that's under way.
But we've got to deal with entitlements don't you agree -- whether it's -- security whether it is Medicare whether it is Medicaid.
We've got to come to terms would -- be big boys and girls in both parties.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Congress we're gonna.
On -- we're gonna have to end it there I'm way over on time here and a portion -- in the at a point Richmond which I think we did find a way to disagree.
Congressman come back we'll continue the discussion.
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