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Swiss America Chairman Craig Smith on the need for politicians to address the government’s rising debt.
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Not a guy who fears Democrats happily -- live there even happier -- ring and all our belts was America chairman Craig Smith up.
It's like it was an alternate universe I'm not -- -- firstly disparage Democrats most of the guests were fine nice lovely people.
As MI by the way at at at but it's like it is what you zero debt issue.
-- isn't something going on amazing though.
Apparently not -- apparently everything's fine then let's just listen to the soaring rhetoric.
A -- I love it when you ask people but congressman we don't have the money and the answer was that's not the initial that's not the issue.
Okay the issue is -- bubble -- you know the president is gonna save.
-- he's going to take.
The 800 billion he's not gonna spend on war and pay down the debt he acts like it's sitting in the tank somewhere -- he can apply it to the national debt.
-- it's it's just I can't imagine what you went through for two weeks being in those alternative universe is where everybody's posturing get a vote.
But nobody wants to deal with the arithmetic this -- mr.
mr.
Obama is correct Neil this is basic arithmetic.
And -- and if you -- -- tied mr.
-- mr.
Romney about that.
He should sit down with a pencil and a piece of paper his math doesn't work.
-- we'll find out the that you would have -- you have an -- -- -- desire that we don't -- -- -- -- or -- level when he -- the arithmetic and -- -- immediately being the -- -- was -- and -- life.
You -- -- user numbers are carefully Mr.
President particularly when you started counting these jobs and billions Obama -- apparently began in February.
2000 sense of the year before is and always they don't battle those job losses -- -- they're they're not -- downing some of the recent weak numbers so leaving that aside.
And some of the lunacy -- that I I don't wanna -- in his state bigger issue as to whether.
What -- witness.
It you know -- Charlotte was akin to and I was too young for Woodstock.
But Woodstock where anything goes you can say anything you could do anything and it was dangerous because this is a political conventions that was by an incumbent party.
Controlling two branches of this government and they seem to be oblivious to the realities around us.
-- you're you're right -- and look it is sis not a partisan thing I'm not opposed to Democrats are for Republicans that it there was that there's and ignorance to -- they were ignoring.
The facts Neil and they in there is an ignorance to it.
Yeah I love the and the matter for a Woodstock always data was big rainstorm -- that open.
Stadium last night and we were really had a would stuck on science and now we can you hit hit.
He is really here's the reality the O'Neill.
You and I both know is what needs to be done you at Fox Business know what needs to be done your anchors talk about it every single day.
By the way if you're not getting Fox Business demand it okay I'm women come at a concert she right now it has strategically -- you -- -- -- Hey hey I know that we're friends by got to tell you know you guys do have the best business coverage there's no doubt about it because if you watch and I won't say the other network but.
The bottom line is are cheerleading everything's finer things in the OK they ignore this -- as well.
And when the president today's spoken New Hampshire and basically said that he's gonna reduce -- deficit he says.
Mitt Romney wants give tax are millionaires and billionaires five trillion dollars worth of taxes.
You can't balance a budget that way.
Nor can you balance -- budget by spending five point three trillion dollars on long Shenzhen doesn't work articulate.
On -- -- cousin -- here in the one that I want to remind people on whether you're Republican or Democrat when you talk about investing money that we don't have.
And you call the onus on the wealthy to pay their fair share and ignored the fifty some odd percent America's -- no income tax at all and that's perfectly fair.
You're sending a signal to folks back at home that they're idiots that they're gullible.
That and they're just stupid.
And I think more people of all persuasions.
Can be persuaded to arguments that aren't so slanted.
-- -- amount or even how to add to that you're absolutely right I would I truly believe -- that some politicians I think there's some on both sides.
Really believe the American people people are so are stupid.
And they're too busy watching -- things that are going on their average life to sit down to do the basic math on some of these things look.
Paul Ryan's got a budget I've read the budget not all of them but yet you know this -- -- the cliff notes.
It's a very painful budget but -- nobody wants to talk about the fact that were gonna have to go through some pain.
And by how little it has a part of my only do you know women -- other republic just talk up we gotta do this got to do this.
They have a plan they have a budget that you might not like that when you might not like -- but but to assume that did -- in broad generalities.
And they don't have something on paper of course the rock and bland civilian go back to you can lot of you can hated you can make that -- -- it but you got something Minnesota disparage the Republicans.
We're just being against the Democrats they -- have no alternative -- that do.
Again I stress to people that -- -- -- the -- -- But but don't assume there there's something that's that's not there there as.
It absolutely right and think about this deal.
We have not had a budget in three years and I know you've heard that over and over again -- and I want your viewers just to think about this okay that means that they spend whatever they want.
And at the end of the year the comptroller says well we spent one point five trillion more than we -- publishers about one point.
Three -- more and we think that we're in good shape.
Mr.
Obama's budgets were voted down by his own party unanimously.
-- could you imagine if he had gotten his budgets through.
-- be worse off than five point three trillion dollar so here's the bottom line.
Somebody has to tell the truth now how do you do that in this day and -- from everybody takes a word it matters what the word is is I mean.
We watched the partisanship of words being used meticulously.
Last night and on Wednesday night what you're right Bill Clinton I sat there going this -- incredible.
But then I started thinking about the numbers and thinking about what he was saying and -- it's just not true.
So we either deal with the facts we deal with the math we put this nation back on track which 70% of the American people say is on the wrong track.
Or we continue this soaring rhetoric and these feel good speeches and four years from now will be another six trillion that's with CBO listen only other -- -- -- While I don't -- have three dollars a year you're right that's where it's going.
Craig thank you very very much -- Smith values you know casino -- a lot of guys of these calls and numbers of the season -- and numbers I would still be read.
