Obama’s Numbers in State of the Union Not Adding Up?
Sen. Rand Paul, (R-Ky.), on the need to rein in government spending.
- Duration 6:43
- Date Feb 13, 2013
Sen. Rand Paul, (R-Ky.), on the need to rein in government spending.
Also in this playlist...
This transcript is automatically generated
Welcome everybody glad that -- deal commit other president on the -- at a Tea Party favorite well just stomped.
Barack Obama pushing more big spending did he says won't add a dime to the deficit ran balls crunch the numbers and says.
It's about to explode.
Says there's no way you could talk about more spending on things like infrastructure in green initiatives and climate change it is -- is -- Preschool for all kids initiatives and so many other initiatives.
We're now -- initiating still bigger.
Rand -- here to save not only does the man out not -- up nothing adds up.
Senator good to have you.
-- -- anything -- what do you do now senator president of the Tea Party.
Elected senator and beyond that just a very conservative Muslim attorney approach to this sort of thing what do you do what do you -- Republicans -- Well I think we have to point out the truth we can't let the president run around the country saying that.
He's cut the deficit by two trillion dollars well -- subs are.
We've increased our debt by six trillion dollars in his first term.
And what does he say no because I didn't increase of eight trillion -- reduced it to trillion.
Well that's absurd he's added six trillion dollars to the debt and that's just a fact.
Any strike and add another four to five maybe six trillion more in his second term.
And he's adding up although these programs he wants to tell you know they're not gonna cost any thing.
Well -- just amazing that nobody really wants to challenge him on this.
He must still listed fifteen different new programs and they're not gonna cost you anything well -- -- That is about a -- of the deficit with -- merely raised concerns severe than how I gonna be paid for and when he mentioned about closing tax loopholes in the life.
And raising billions of dollars doing that and then using Mitt Romney's name to say that something to Mitt Romney wanted to do.
Me thinks he was setting the stage for still more tax hikes to pay for what could be hundreds of billions of dollars -- the new spending -- even.
Black and say there's absolutely no mood among any Republicans in the senate or the house for raising taxes again.
That dark blue walls and stuff like that.
Well the thing is is if we we're gonna have true tax reform which means lowering rates and getting rid of loopholes there's a lot of support for that.
But nothing that he's talking about is lowering rates he wants to increase rates he wants to squeeze more money out of those who are working hard in he just did that.
He stuck it to the rich people at the end of the year he got what he wanted.
But he's not gonna get any more tax revenue because it'll -- the economy we think it will cause more unemployment so we won't go along -- more raises intact.
No worries they -- senator I think that it.
I know -- reviews on this -- but it seems like.
In -- -- the administration and one -- that powerful Democrats is that we've given up the fight we're done with the debt thing.
We cobble together what we think will ultimately be portrait -- dollars in budget savings over.
The next ten years and you -- to happen by the way it's not a done deal yet.
And that's it will -- in our hands -- it out -- that worries me because a it is over ten years.
Be the -- still be larger than it is now in ten years.
And you know dotting -- -- -- the days.
There's a lot of wiggle room and even that so what is going on it's like this is the biggest signature issue of our time.
And it's ignore -- -- he says things out of both sides of his mouth he says well he's ready to embrace things from Bowles Simpson.
But Bowles Simpson talked about raising the age of eligibility for social security and for Medicare.
But then -- another part of his speech he's -- absolutely he's not going to do anything to the retirement.
Page so I really don't know what he's talking about or if he really is intending to address the problems at all.
If you do not address entitlements.
Entitlements are growing so rapidly they will consume all the money in the budget within a decade.
There will be no money for events and no money for any discretionary program.
-- Iran in the math is like train wreck before it happens amid -- you're quite right but I guess what -- I ask -- -- the more immediate concern dollar these.
Sequestration cuts that were -- from the holidays now -- it they've kicked in on March 1 I guess.
And obviously the only way to avoid -- -- to come -- -- -- with other gods or for Republicans to swallow revenue -- this.
Given that I I would assume that Rand Paul would go ahead and and let those -- -- cuts come.
Yeah I think they've got to in the thing that people need to know Americans need to know that this sequestration in the one trillion dollars.
Is a cut in the rate of increase in spending that is very crucial that is -- -- crucial point.
Spending over the next decade we'll go up between seven and eight trillion dollars even with the sequester.
No one is cutting the real amount of spending.
That's why the deficit will continue to rise over the next decade even with the sequester so I think the sequester is a beginning.
You have to do it and then you have to -- even much more than that if you're gonna preserve us and keep us from really I think a debt crisis somewhere down the road.
But you know.
We always -- our debt threatened to be downgraded by bringing it to the brain -- the president mentioned last night time and again went.
You get up against a deadline and there's -- was.
You know hand -- and everything over over the -- get that is why -- downgraded not the underlying problem do you agree with -- With the deaths downgraded because we're not addressing -- they don't see -- acting in addressing our our deficit problem.
But -- people need to realize is that if we don't fix these problems what happens is we print up money to pay for the that you lose purchasing power.
So the president claims that he cares about the four and the middle class and senior citizens.
But really he doesn't because he's stealing their money stealing their savings by devaluing their currency.
In paying for this massive debt.
So it's a slide of hand.
It really the poor are are struggling.
People on Social Security don't get cost of living increases they have struggled all they struggle to make -- checked by their food each month.
Because we have this massive deficit and they lose purchasing power.
Your view is boy or a citizens -- -- retarded -- -- -- your view is that this march 1 deadline comes up your competent or you you suspect that Republicans.
Would opt for letting that come letting the cuts -- -- then even entertain tax cuts.
I think so I think there's more resolved for letting -- -- happen now than there was three months ago all right senator good see you again thank you very much.
Brand won't quite --