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Former Obama Debt Panel Co-Chairman Alan Simpson on the lack of progress or plans proposed to reduce the government’s debt.
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-- ship.
Was like being massively overweighted thinking cutting yourself down to only -- half gallon.
-- chunky monkey ice cream is gonna make you any less -- Co chair of the president's debt commission the very -- -- Alan Simpson.
Says we're all getting creamed senator.
We're we're going nowhere fast here.
-- little monologue -- Carpeted -- put him delightful.
Both realized this was -- listening to it -- bode well my.
That's what.
Well thank you but you know it's sad because -- -- said what you said many times I just had congressman.
On -- -- from from New York was just -- me well that's because the debt -- at its recommendations.
Were all over the map but not everyone in the commission agreed.
Not everyone in congress agrees -- -- believed them out of the debates because it's just polity and I'm paraphrasing.
So I look at all of that these developments suspending and and I say well.
This is everything that senator Simpson warn me about.
Well the other thing is Hewlett is that warning it is really come true everything the president is doing now have not one thing to do with -- -- -- your real.
It -- has to do with politics but both now.
Between now and November 6 we'll have these savings.
Thirty million a day or it'll be something emotional.
Get people all cute stuff that -- get this stroke of genius he got rid of those.
Latest 160 billion that those barrel -- some type boondoggle so many ways.
The spoon in the glacier.
And that the panic.
-- -- -- -- they're gonna do everything possible to get reelected and that means everything.
And everything means doing nothing about mentioning that things that have to do with that -- -- -- five Democrat votes.
Five Republican votes and won independents 60% of the commission.
All you have to do is -- one hand you don't even have to get down to have led by but it but we do plan.
Market street there's gonna get a -- between me.
What's selling -- we're congress -- Nadler tell me as he was on Fox News today.
That.
Look the debt commission isn't the only idea out there when I stress in the was the only debt commission out there.
He said well look -- if you're going to raise it in any of the debates you should raise all these other ideas in the debate I came back visible why I mean you've got only one -- commission.
Chosen by the president occupied by Republicans and Democrats.
Why not debate those points at a debate and he just sort of nullified the argument what do you make -- worry.
There -- is that -- -- league with can should count if you want to members of the -- -- -- -- participated fully she was there.
Almost each time but.
-- was there really talk there Rick I mean it to me that they most.
Socket total medals last bullet left them via -- -- but it leash he had a plan actually threw it out there I'd love to have -- -- Put out a plan must not just hear the objections.
-- hear what he has.
State oil I -- his plan he related to Manges as you can solve a lot of those bridges.
-- rhetoric on the -- so we're not make of that.
Play it.
I think it wants tonight that the figures that don't have right here from maybe it let hit stay -- -- -- over a million bucks a year.
Let's just confiscate everything they have -- the ought.
The big that the became others that they would be that the five -- -- just take it all.
And that would -- a country for nine months only that improve.
I mean -- interest pretty eerie 250 billion.
And the more equipment as current as so that more in the budget.
Of eight federal agencies to have a better way the -- Commerce stepped up -- Good of 1% increase investment grade and -- airlift and at 600 billion yen in interest payments.
Do you do nothing is a billion in the year 20/20.
Who is kidding who would be absolutely.
Do qualifying.
They brought out took oral gullible American public you're an administration -- -- of the bathroom they discussed that.
I think at its choking its its target strangler future we're we're spending so much above what we make collectively as a country.
Toward a credit line -- -- finance charges and that's growing faster than anything else and just turning a blind.
Here's one for you every day we -- 3000000600.
Million bucks every day means every single day.
And every single day we've spent but we borrow 41 cents now.
Where where is where is that where -- -- where he.
The people with a -- we don't do we don't do BS remarked we do I have.
And that's all we've ever done as.
And indeed we can get a room with people.
For an hour let him ask any question they -- democratic republic them live right who slept -- Aunt and then they will -- -- and and we would usually get a standing ovation because people are so sick and tired appear golf.
-- true.
Sent already right and -- bonuses before and I guess -- -- -- here.
I commend -- and Erskine -- for at least putting it out there.
What I don't commend congress and our leaders and wants we're doing is ignoring what you put out there but all well put senator thank you again.
Here -- -- carry on god bless you and your lawyer work.
But that's all right Alan Simpson thank you very much will --
