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Washington Avoiding Simpson/Bowles Debt Plan?

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    Former Sen. Alan Simpson on the lack of spending cuts from the White House.

  • Duration 5:32
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This transcript is automatically generated

-- -- How different.

So you -- life -- making this guy in the last angry.

Because -- -- what you wish for because in his next video Alan Simpson's taking his clothes off.

Are not I've gotten your attention allow the former debt commission co -- to -- congress' attention.

Alan you're not exactly dancing around Washington's latest us spending to -- and not have do what you're hearing -- Zain.

Look you play that -- -- more drama gonna come up -- -- -- your I think.

I'd love that I I think -- that's -- no well did we wish we wish more young people of that thing and if we've gone around the country in the body -- -- -- -- could live through that.

PMI you know it is it's very popular and what's -- young -- -- particularly by right about that.

But it's like congress ignored it completely and -- its latest.

-- -- whatever you wanna call -- -- disproportionately.

Woefully so.

-- -- over cuts I gotta wonder whether the lever they get the backbone to cut.

I don't think so.

It is miniscule what they did -- into it but they got their wish the popular.

They said the poll shows 75% of the people want to tax the rich that's fine I don't have a problem that frankly.

Then it but they forgot the one -- 75% of people say they wanna cut spending where where is that happy band and made didn't do lick of that.

You know what I wonder about human you know James -- in the South Carolina democratic congress was with me earlier of -- lovely gentleman a good person.

And we -- put him and we were doing our -- development worries me is you know he cited all the problems -- spending and abuse is gone back to the bush years and -- -- -- I would agree with I think we go back to -- -- -- -- Centex.

But the time is now did the debt is real and we're -- -- fault that is we got a dissolving about a but he wouldn't offer may elect a stuff to cut.

And and that's it worries me it's almost as it back to this.

Argument here in the White House where are reportedly the president's own John Boehner we don't have a spending brown well therein lies the -- we can't address the problem with nobody even acknowledges there is -- Well actually saddest thing of all is that no one gets specific except leave what you would divide the group -- Became emotional when another five Pam -- by the -- independent China non and we were very specific well we did.

These guys all say -- we love attempt play it.

We love they have proposal the planned.

It's all there and they don't wanna touch with a stick to -- -- view riled up the mortgage guy you riled up the insurance and.

-- all jump off the cliff Saddam by that you know there's there's comfort -- in and in company right.

-- you all said look we like what Alan did we like what Erskine did why -- -- all hands.

And and why don't we just hold our nose with the other hand and just say we like this and and we're gonna risk everything subordinates and following miss.

Well that takes that takes guts and during our little tour the camp push for almost -- -- we would run and the guys should I didn't know who they were -- -- -- -- in the house because they had the button.

And they've come up in Russia and they'd say save us from ourselves and they weren't kidding yeah they were last -- it was a jocular reference but they were actually serious save us from our shelves these guys.

Can't tell that they have they have if the classic should promote people -- -- campaign contributions.

Good -- -- actually -- some of that.

I mean there's another hard core issue.

In another couple 34 terms of president will have by -- president -- from some -- I'll be able to put up twenty million.

And normal saying he's saying this is what's madness these guys are terrified by the -- let's take.

Kennedy didn't take a deal.

Where we were on the brain and we're gonna have this cliff disaster.

And they still produce something that was at that's.

The suspicious.

Then Willoughby.

Lieu of the eight week postponement of these secrets basic cuts and then they have to decide will be the debt ceiling -- which might come at the very same moment right.

Well as they stumble around them that there's this evil force out there that nobody seems to understand but the money guys do to ensure understood -- he knows this game.

That is the market shall get tired of all the fun game -- small little funny -- Normally -- got tired yet if or how little this they're running up like yeah.

Guys listen disagree here.

If that but the real point is is that that kind of stuff -- -- term for that in the money guys -- can happen in two years ago -- too much could have meant for the day is.

And that's when the markets hit it may -- -- inflation will go -- them and the trade show go up and everybody we won't disappear.

But we won't be number one MML -- -- did this and they look around find the churkin their district was -- like who wouldn't cut a nickel.

Wouldn't raise it actually see you -- you late edition -- this them and year out that's your only hope for democracy right now.

Now I'm still waiting still -- and Alan Simpson thank you very much.

Crusher fingers ceremony will thank you served -- even now you're here to do answered by the -- I -- I would spend they've got -- traction Korea should've known of -- the.

And the bank balance -- Cindy and leave -- of that.

OK well the --

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