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Gov. McDonnell on Reining in Government Spending
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Gov. Bob McDonnell, (R-Va.), on the need to reduce government spending as well as taxes to boost the economy.
- Duration 4:49
- Date Feb 14, 2012
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Gov. Bob McDonnell, (R-Va.), on the need to reduce government spending as well as taxes to boost the economy.
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There -- some suggest that we should cut deeper and faster.
With more severe austerity now.
That approach though.
Would damage economic growth it would reverse the gains we've achieved in getting more Americans back to work.
And healing the damage caused -- the financial crisis and it would push more Americans in the poverty.
Treasuries ordered -- -- Geithner is saying that big cuts would hurt -- recover right now but he is okay with tax hikes they would not.
Hurt the economy are now my next guest says is gotta backwards Republican Virginia governor Bob about.
Joining me now governor good to have you how they'll -- still my edited conservative treasury senators -- -- he's gotta be consistent and visited.
It's cutting spending as is dangerous right now certainly hiking taxes is dangerous right now but.
He didn't split hairs.
Well -- it's an incredulous statement I mean this budget in his statement like that by the cabinet secretary.
Shows an amazing lack of of leadership in candor about what we gotta -- to get our country.
Back on track coming to say -- we can't cut spending.
And that we've got to raise taxes in order to get the economy back on track I think it's the wrong formula.
And it implies that somehow more government spending is the catalyst.
Two great more opportunity in more jobs and more access to the American dream that's flat wrong.
You got to reduce the role of government more capital in more revenue in the private sector that's how you're grow jobs I think.
This budget this president the secretary has got a flat wrong.
Do you worry though governor of that despite what you did in in Virginia coming -- office.
Cutting spending -- didn't raise taxes -- -- is now.
Booming compared to that time that the administration.
Democrats -- are gonna look at what's been.
Habit of the overall economy to pick up -- activity and credited to the stimulus Angela let spending.
And use that as the wind at its back for still more such spend.
Half well I don't doubt that because this budget is really a political document that Harry Reid said he's not living -- -- take up.
-- they haven't passed the budget in a thousand days -- I'd be run out of town of five front and Virginia like Kerry's run in the senate.
But I I can only tell you that.
IA I think that they will try to say the stimulus is responsible for -- -- gains in the states but here's the here's the -- with that.
Eleven out of the fifteen states that have de -- lowest unemployment rates are ones that are have -- the most business friendly.
Have Republican governors seven out of the top ten states with the lowest unemployment rates.
Have Republican governors what I'm saying -- conservative leadership with people that balanced budgets on time without raising taxes and focus on job creation.
They're the ones that are growing but everywhere else where the stimulus is not working I don't like the president could take credit for with a straight face on.
So it's gears a little bit of a -- -- back to write a Mitt Romney.
He studied the trouble in his home state of Michigan will polls are very good currently as we now.
But some of the latest out of Michigan so in throwing a double digits to Rick Santorum do you think.
If governor Romney were to lose Michigan.
He'd be in deep trouble.
Now -- -- got a long way to go senator Santorum say are credible candidate working.
Working hard but between how would -- like are you losing Virginia.
Well first love it probably is our -- is Virginia I'd say that santorum's I don't know I don't out on the ballot right sentiment right now.
But I can tell you that you know -- between announced Super Tuesday there is.
There are a number of important races and at the end of -- people wanna win this -- and Mitt Romney's proven time and time again.
That is say are credible consistent what he's -- and the governor of the -- voters.
I know you -- -- at what's going on that obviously.
Didn't even in this through this process that this just.
He's not the guy -- we're not quite comfortable with them what is.
Well I just clearing had closed the deal yet but you know there's been six other candidates I think that have risen and fallen.
Good to be -- main challenger to Mitt Romney and I would say that that's gonna continue I think with senator Santorum at the end of today.
A bit from Libya one left -- because of the other issues that matter nail I think people finally realize that on jobs on spending and on leadership.
He's got the best overall wreck that's why I'm supporting a governor governors get stuff done senator sometimes -- you know they can talk but as far as a record of accomplishment I think bed Mitt Romney is a guy that'll be proven not to be there one that can.
Mobilize -- the independence and the base and be able to to win but it's still we still got a ways to go its not over yet.
We do and -- you did 1001 and 44.
We're a long way from that thank you sir always -- -- -- governor OK but.