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FBN’s John Stossel breaks down how the government’s spending patterns would translate to your yearly budget.
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President Obama -- Obama has released his budget on accorded a Johns docile.
If you -- your household light Washington.
You would be in big trouble just -- this.
With this for your family budget you made 21000 dollars.
Just spent 38000.
Dollars to your 161000 dollars in debt.
But this is the -- you already end.
So you say hey I saved 385.
Dollars is -- great.
Well John -- -- witness he is the host -- fossil on the Fox Business Network right here tonight.
-- You are suggesting that the federal government should cut the budget right that's what you wanna see and -- right.
Yeah of course they never did -- I have never do it never happens Republicans say well at least but and this cruel.
Is talking a better game than I've ever heard before but I doubt that they never aware who who which crew you're talking about has really done on account of on Wednesday.
Hand sterling and Scott Garrett when I am in my show unimpressed they say yeah outline specifics get -- fine with me get rid of the Education Department 400 billion dollars a year.
But even that small compared to entitlements we have to.
Don't cut Medicare and and I'm impressed that they at least save them Paul Ryan does have a rational plan to deal with -- Medicare in particular revised down he was demagogue to death -- -- -- -- but we do have that -- thrown off a -- demagoguery right.
And he was booed in his own district at one point but.
The -- it's changed even -- since he first came out with their plan and that's the tiny bit of good news.
But I did that thing on the street because when you come up with a real numbers you know they are so confusing you can't follow us -- -- -- you just pointed out that my staff got this strong as we added one extra zero when these things.
So that's values ask if people on the street could see all that stupid.
And they sell 300 dollars in cuts that's gonna make a difference that's ridiculous that it's just silly.
So this household budget that you -- you're looking at it -- household budgets just eight zeroes off.
Americans -- and is that the household budget is thirteen thousand dollars in debt.
-- in one you right and a belt tightening is 300 -- box right that's what they say they companies are proportional to the government of what the government's doing.
This is proportional to what they were saying they were gonna do with the time would you be up this chart you know -- I think it's a fact but it's still tiny and it's not gonna and prevent us from becoming Greece -- -- OK and point to you is America becomes Greece yes yes.
But fortunately Japan will -- first maybe maybe Britain and maybe will learn when neighbor or something because right now.
People don't see the urgency when he gets me even increased their rioting because they're getting rid of rules that say.
You're should be allowed to work more than a five day week and retired he should have to work longer than fifteen before -- -- -- bond price you have to Sarkozy is probably gonna lose he's losing big time in the polls because they don't wanna just as the retirement age from sixty to 62 that's right they wanna bring them back to six that they -- -- -- -- wages over eleven dollars and our friends and they don't -- that that makes them poor.
Well they gonna get it did they have a German running the thing out of Africa.
That's -- outside of their Drudge -- also host all the false.
Fossil Leary and I'm not -- Both Freud we were right -- girl John terribly sorry it's docile tonight the Fox Business Network what time.
10 o'clock 10 o'clock east and eastern in the name of the show is Stossel that fossil have to -- up the speculative question --
