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Sen. Rand Paul: Sequester Cuts Not Enough

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    Sen. Rand Paul, (R-Ky.), on the federal debt ceiling.

  • Duration 4:06
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And senator Rand Paul giving the tea party's response to the state of the union.

Offered -- surprising yet simple solution to America's debt problems common sense.

Parties we'll have to agree to cut we have to work together or will never fix our fiscal -- Bipartisanship.

Is not what is missing in Washington.

Common senses.

Trillion dollar deficits hurt us all printing more money.

It just seems the never ending appetite for spending.

-- -- -- -- -- Joining us now Republican senator Rand Paul of Kentucky.

Thank you for being with us senator -- -- starts off -- -- chance to -- -- your own Mark Twain quote.

I -- have a feeling that maybe that the Tea Party -- kind of fizzled -- on the way to dying police say about that.

-- the tea party's been out there for a couple reasons I think were equal parts chastise meant to both parties.

And both parties need learn that we have to cut spending and that we have to give up -- our sacred cows.

But I was particularly insulted by the president last night saying they he's cut the deficit by two trillion dollars.

What planet is he live on so he added six trillion dollars to get what and he -- because he did that eight trillion he saved just two trillion.

It's absurd I can't believe more people don't challenge him on this.

Yes I see now to your credit -- -- both parties is being part of this spending problem but in terms of back to trying to get something done inside the senate.

Are you offending the Republican colleagues that you need to work -- to try to reach some compromises with the -- Not necessarily adding if you talk to Republicans they'll acknowledge that during the bush years there are a lot of new federal programs that it.

-- right now it's it's gone up exponentially.

And we have to address the problems because we getting dangerously close.

To a point of insolvency.

So I think most of my colleagues are with me on this that we do have to cut spending.

We do have to get started on NASA shuttle -- -- -- lot of disagreement my colleagues on that.

Yet the startling thing as we talk about cutting the deficit they're never talking about eliminating -- they're gonna continue to spend more than they taken every year -- wanna.

Make that over spend a little smaller now you say that congress is debating the wrong things explain please.

Well I -- were talking about slowing down the rate of growth of government and that's all of these things to sequester.

That everybody's like pulling their hair out thinking it'll be a disaster.

The sequestered doesn't even cut any spending.

The sequester slows down the rate of growth.

The government will still grow by nearly eight trillion dollars seven to eight trillion dollars over ten years of growth of government with the sequester.

The -- is not even enough to stave off another credit downgrade which I think we're gonna get.

And -- we really truly start balancing our budget.

You have aftermath of that credit downgrade had absolutely no impact to the downside for us -- ten year treasuries actually lower now than they were before the down -- they should've gone up.

Now in the meltdown of 1937 -- recovering from the Great Depression.

And what happened is government got religion too soon on spending and deficits and worried about it and that made business pull back that -- stocks plunged 50%.

Is there any chance that we got religion too soon on spending now we've talked about it so much that it's hurting business confidence.

I don't think we've got any religion on spending we haven't cut any spending were not in danger of doing anything through the spending side it would hurt the economy that's an old keynesian argument that government spending -- -- increasing the wealth of the country.

It's in illusion.

It causes Mal investment the money gets placed -- things the government chooses but not consumers would want.

Said no I don't accept that -- all that reducing government spending would in any way.

Hurt the economy I think it would help the economy -- imagine of the stock market would do today.

If we were to say we are going to fix the entitlements permanently.

I think stock market would rally to that we'd -- -- -- exactly what we should be finally -- -- on the way I hope thanks very much for being with us today senator Rand Paul.

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