Also in this playlist...
This transcript is automatically generated
But I here's -- fact that you'll find interest seen since 1954.
The federal government's cash and non cash expenditures.
Have risen every single year that's.
He did not matter who was president Democrat.
Republican didn't matter who controlled congress Democrats Republicans or even if the economy was booming or struggling.
The US government just kept spending and spending -- was the Energizer bunny of spending.
Our next guest says he has the fix for the nation's debt problem the government should start running like a small business Brian Hamilton.
Is co-founder and president of -- works he joins us now here in studio.
There are people who say that governments are different in business but at the end of the day.
You eventually cannot spend more than you have right.
I always cast him in Castro in for 58 years.
Every single year Republican Democrat.
The government is spending more money it makes no sense to any organization -- and we should point out that when people in Washington talk about cutting spending what they're saying is we're cutting the growth rate of spending.
You guys we have to cut spending right go from a dollar denied he said exactly in Washington they say we've budgeted a dollar fifty we cut a dollar -- -- -- -- dollar 25 we just -- Tony -- -- crazy logic parade makes absolutely no sense if you wanna cut your mortgage bill you'll cut the amount that you're spending every month the government does not look at that way.
By the way Jimmy Carter governor of Georgia actually implemented zero based budgeting program down there.
Where they started at zero every year had -- validate each expert so a Democrat -- -- let's look out because he certainly -- do that the federal level right etc.
when he was governor of Georgia he did what was called zero based budgeting but what is that in in for simple to internal kept simple to it is real simple at the government level you start -- zero with the basic assumption that in your department.
You're not getting anything by each year and then you have to validate your expenses it's the way that you when -- -- -- hostile and hopefully.
The end of what it does is it makes the government more disciplined in spending but of course it would be hard to do that the federal level and the federal all the different departments this is what we got last year we expect to get minimum that amount this year plus best how they budget that's what skill or -- 58 years now remember too.
Each year the government is spending more money independent of tax revenue trade.
End what's coming in on the front side and it's so it's come on are devastated sixteen trillion dollars and -- what what what about people say look at the the public expenditures from the federal government as a percentage of GDP as an -- has also -- is always been around 1818 and a half percent why's that we cannot look at that because here's the problem that that is just a law.
A voodoo economics through -- -- -- -- get tortured it's crazy economics because here's why our economy it keeps getting bigger and bigger and bigger so that.
Deficit or that debt number.
-- -- no real number keeps going up and the percentage stays constant but the real does -- -- matter if you're losing money as a percentage but you keep that -- keeps going up.
Every year you're more and more debt sixteen trillion dollars -- remember.
We have to pay that money back it's not abstract it's real I think we're actually that that figure that that percentage is actually around 44% that's -- and where we are actually going to spend as it was roughly a trillion dollars us that we don't have going for Internet could have been a good certain system remember there's 27 million privately held companies out -- they're making hiring decisions.
They are sophisticated they know -- economic structure for work so.
When they see that are they going to be really wanna go on hire people and -- expenditures and grow the answer is it's had a real depreciating the fact.
On their willingness to go and take risks are very quickly you've got President Obama and speaker Boehner in a room you get twenty seconds to tell them what they need to do -- make a plan -- just make any plan even though it's not a good one.
Let these private companies know what you're going to do earlier -- due on December 31.
We need time to plan for our business is you've got to get your act together compromise.
Even if it's not a great plan please get us something and then we can go on hire people it's simple it's so simple.
Brian Hamilton from saint -- thank you for being ministry and -- have a good day.
Filter by section