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Sen. Rand Paul on Reining in Entitlement Spending

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    Sen. Rand Paul, (R-Texas), on the need to reduce spending with entitlement reform.

  • Duration 5:32
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-- they were elected in January and immediately repeal what we've done with regard to Medicare and healthcare.

Your premiums will go up on average 312.

Dollars a year immediately for those -- aren't social -- fund Medicare right now.

That's will -- Medicare trust fund will become insolvent in 2016.

Yeah.

I know where they get these numbers but anyway Rand Paul heard that -- -- they get that ran.

Well I think Medicare everybody agrees Medicare's about 35 trillion dollars in the hole as it is.

And asked to be reform I told the president.

Face to face a year and a half ago that he -- would come together with us and reform we could save Medicare and saves us security that he would be elected a landslide.

Several Republicans -- in this and he chose not to work with us.

And I think that's really the failure of leadership is he hasn't reached out to us at all well did you know -- and I'm isn't doing this.

What's -- senator but.

I think you that it got -- -- failure among Republicans and and -- expenses -- -- and you come up with a very bold proposal let's put being -- can't be about this let's be.

Let's look -- -- cut the first year let's be substantial about it.

Let's -- pussy footing around here and they kind of -- do you know alone at the altar.

Not everyone on this and that that I remember that phenomenal I had I deeply admired your guts.

But day he had they didn't.

Wanna go out -- you on the third rail there.

Well you know I think entitlements and we don't fix them and Paul Ryan has been pretty bold about talking about how to fix entitlement they didn't.

Saying they have -- -- -- that house version youths they did the same day and he was do you think he would have like got.

That you know -- -- uses deodorant that day because -- but not everyone avoided.

-- I'm of the opinion that.

All of the old days are -- the days -- you could scare people and say no Republicans are going to take away your Medicare.

I don't write -- highly -- -- -- read but yet here we go again and -- I want it neighbor Bob has really mean what they say and I think they do.

And and Democrats we would they say about eventually getting entitlements under control I actually want to say that they did I believe they do.

Is it just the election we gotta get bastards -- each side things calmed down and that's what we get something done -- what.

I fear that maybe things will have to get worse and our country and it we'll have to approach a debt crisis.

Before people will be serious about it because people do worry about the politics of this and they're afraid to say that -- age for Social Security -- the age for Medicare.

Needs to gradually rise in order to save these programs people are still afraid to say that.

But I think if you're honest I think right now the election and the population has changed -- I think they actually will reward people who -- honest.

And who admit we have problems and -- say yes Republicans and Democrats just need to throw out the politics.

And let's go ahead and fix these problems.

Well you know -- I'm not blowing these -- over there and -- of envoys George that in view is you call me museum.

And you risk getting -- on both sides are meant to the Republican then but you'll also re sabbaticals -- when you criticize.

The Romney.

Approach on defense spending and not giving it an incident back wanting to boost spending there and that something's gotta give -- there's certainly room for cutting in defense.

And that brought out everybody and his uncle in the conservative voters -- not an editor of says that you -- defense is sacrosanct.

You were saying it isn't it shouldn't be it's it's it's it's it's part of what should be looked at in any budget overall you still do that went.

The ultimate compromise the only way you'll ever balance a budget is if conservatives like myself we believe the national defense is very important.

Compromise -- say not every dollar spent on the military as sacred are well spent and the liberals admit that not every dollar spent on welfare is well spent.

And that we compromise -- we bring both down.

Right now we do compromise in Washington but we raise military spending we raise domestic spending every year and that's why -- a trillion dollars in the home.

Like table we can we can find a middle ground and not that I can -- -- deal but some -- as you know senator falls on need to save the country.

That may be what we get -- is what you're just saying that of the Democrats should be open to reforming entitlements and at least slowing their growth.

Republicans should not be so you know dogmatic about defense can't be touched.

Yeah that alone would would get us moving toward an -- -- but if we don't visit in the election magically going to it.

Present that -- and.

Well I think what's happening is circumstances are gonna make people address this because circumstances are getting worse entitlements are growing so rapidly.

That they're gonna consume all of the money of the budget within a few years.

So I think circumstances won't tell all of us -- we have to do it.

To me it's an inevitability I don't care what -- Republican or Democrat it's an inevitability.

That you will have to fix entitlements.

Because there's not enough young people and there's a lot of old people it's a demographic shift.

And we're living longer these are facts and -- inescapable.

The question is.

Will we do -- with this election.

Are we gonna wait till things get worse and we begin turning up so much money.

That prices begin to rise dramatically and everybody is worried about a chaotic situation or whether we fish fix it.

In a reasonable rational way gradually but get started now.

That's the real question when we wait for chaos where we do it now.

Senator thank you very remarks could see you again.

As you know senator --

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