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CBO Proposes Cuts, But Do They Go Far Enough?

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    Reagan.com’s Michael Reagan on the need to rein in government spending.

  • Duration 4:24
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I thought I'd also -- more serious regarding spending and you'll Abdullah the government's very own being counted as the Congressional Budget Office.

They have numbers that show many more -- could be -- And of this list festival -- funding but non defense agencies by just 1% that's up caught that's of that stuff slashing how much would that -- Nine -- -- 932.

Billion dollars over ten years almost a trillion.

Next cut the growth in funding for the Defense Department that I speak -- it just -- the growth.

The CBO says that would save 862.

Billion dollars and how about raising the earliest eligibility age for Social Security.

That would save another 144.

Billion dollars just those cuts that we've mentioned and that's just a small fractional.

Two trillion dolls will be say.

You could get four point six trillion dollars worth of savings if the CBO's proposals all of them will put in place Mike Reagan George.

-- what I just described what the government mean count his own ideas.

-- -- Your analysis place.

Earlier rapture right -- -- -- done because word we put the 58.

You know million dollars for algae subsidies -- -- we put the bridge to nowhere where do we put.

All those things that would like to throw into the piece of legislation to get them passed in the first place.

Why -- -- knows what needs to be done.

But the fact is they refused to do and a regular basis that concept you've brought up but the CBO if you -- out the American public has said would you.

Agreed to -- the American public would say yes but those that we elect representatives.

Have to go to K street to get permission to do their job.

It's time they quit talking -- K street and start talking to people who -- fact vote for them.

And put -- back in Washington DC that it needs to be done -- just one penny.

Yeah out of a dollar 1% and they can't do -- That is two point estimated number one I don't think President Obama wants to cut spending apple -- -- that's something he I just don't think he wants to do that at Cole noted -- the president.

But -- then look at the Republicans in congress they asked themselves can we get reelected.

If we seriously trim spending -- any kind can't -- the answer is no we can't.

So you got on an in built momentum to keep on spending no -- Yeah well the reality is they -- they better do something.

Because you take like my daughter Ashley just found out should you be making 2400 dollars less a year she makes 40000 dollars.

Because of the 2% increase back to fight -- She's now making 200 dollars a month -- There what she was -- last year you're just giving the numbers what happened during the holidays it's gonna get worse.

Because for -- that's a refrigerator that's washing machine that's a car payment that's gasoline.

The people go after it -- taxes increased to 39%.

Are not gonna be hurt as badly as those who just got that 2%.

Added back in Washington needs to wake up to what's going on.

And start cutting spending in Washington didn't -- -- and if they don't they're not gonna get reelected from the right nor the way.

-- disagree with that I think that the president will go around congress if he can't get a debt ceiling raise the debt ceiling.

I think -- invoke the fourteenth amendment which says the debt must be paid he'll go around congress invoke the fourteenth amendment insight.

Keep on spending keep on borrowing.

-- he he may very well do that Stewart but that's because the Republicans refused to define the issue instead they're defending the issue.

And when the conservatives or the Republicans are not to finding they are in fact losing.

The Republicans have a chance -- take a CBO numbers add to fight the issue and put it back on Barack Obama.

If they do not do that than Barack Obama wins the day and America lose.

I think that's exactly what's gonna happen -- might.

-- -- I'm sorry we're out of time today but thanks so much for joining us has ever I'm sure you'll be waiting eagerly for governor Brown's budget to the released late from today right.

-- I don't thank you thank you for that after you're welcome I don't not to follow my -- like at a much of the stock.

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