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AEI Economist Stan Veuger and CivicForumPAC Chairman Ford O’Connell on efforts to reduce spending.
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Senator Schumer has -- a little bit off he's right that we want to close the loopholes but we wanna bring certain to be the economy.
Particularly for the private sector we want tax reform what Chuck Schumer really talking about his closing loopholes so there are keynesian president can spend more and create well.
Thanks an -- and a -- one point 2% growth.
Ford -- setting is that that -- GOP will bend over once again do what the Democrats want do you agree will they be forced to do with the president.
-- They'll be forced to do with the president wants that they don't get the story -- to start exporting the American people why the president is sending us onto a path of uncertainty out of control spending which could weaken the dollar and obviously promote don't know.
You know growth.
But the GOP needs to do is explain in context why it's making each move -- better connect with the American well about.
How payments Damien eight and a wanted to -- -- -- There is the communication problem that's -- stand -- What is bend the cost.
To the economy.
Of what's gone -- in Washington in the fact the congress can't get together on anything the president top doesn't talk to leaders in congress they don't talk to the president.
What is it costs this economy.
I think the the fact that we now have -- the looming fiscal -- every every other week.
Has definitely credit and massive amount of policy uncertainty.
And I think that that that deters investment it reduces consumer confidence and I'm sure the the economic damage has been Syria is.
The problem -- -- it.
You can don't want to -- my tongue in some way I mean isn't there a way of saying.
That is -- you know 1% of GDP 2% -- you can you say is hard to.
-- our our class -- I think.
I think the this sort of consensus estimates and economics of pictures and it's it's maybe one or two percentage point -- GDP last year and the year before.
The problem is it's hard to see what the alternative is is of course as long as the president won't agree to any agreement that doesn't involve basically.
A bunch of tax cuts.
There's maybe the best option.
Wealth.
-- I mean the way forward is so hard to see here because it's one fight after another fight we're gonna be doing this all year along.
And I have to tell you I I think the American people have precious little patience for it that you know they just don't wanna hear it anymore where does this all lead.
Well it means that they GOP really has to explain it and get its ducks in a row.
Right now because I don't think a lot of people really understand what sequestration.
Means what the fiscal cliff -- and everything else and how this is gonna affect them.
And right now president have a higher ground because he's -- explaining the crisis as it affects them.
The GOP needs to explain -- the president is really hurting them over the long term that it out of the present.
We're gonna tell -- now and if people don't understand hasn't been for a lack of vice talking about a -- time quick response from both of you show what the president in the White House -- Head start will be decimated small business loans will stop completely.
FDA inspections a thing of the past the national institute about those projects -- I think just overplaying their hand first few -- and stand.
Absolutely they're overplaying their hand we -- -- somewhere sequester situation in 1991.
And really these cuts are up to the agencies as directed by the -- -- -- trust me he's trying to make it as bad as possible to make Republicans look like bad guys -- Santa.
So I I agree with that but I do think that that means a politically he's gonna have the upper hand.
-- a month from now.
Gives a little power does that mean it's it's a leverage tool with voters stand Ford thanks for coming on tonight really appreciate your help thank you.
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