You're watching...
Former Gov. Haley Barbour, (R-Miss.), on the need to reduce government spending.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And dad snow levels -- -- the capital to that area.
-- -- that would and like come on -- both sides still saying those automatic cuts would be an absolute disaster so why aren't they acting like.
-- weeks before it is set to kick in congress is on break.
And the president is on a local media blitz to warn us all about the pending -- -- but note also plan to deal with them.
Former Republican Mississippi governor Barbour says.
Potentially huge source for jobs is being lost -- the debate more drilling.
But that get sort of lost in the sauce -- one step at a time governor always good to have you.
-- -- First source Odyssey frustration that I generally think give it is such a big urgent matter first of all.
I'm surprised that 85 billion scheme of the three point eight trillion dollar budget.
It is causing this great consternation when it's -- rounding error to rounding error but the other is.
Mr.
President you were gothic this past week and if you knew welded there was no become wider when you talk about the fiscal -- in just learn more about Sandra said you Republicans.
To -- parties are or are on vacation this week everyone -- so.
Obviously if it help or pending that you would move -- Arista to avoid it right.
Well look that nobody -- it to sequestration.
Is the right way to reduce Diddy and reduce the deficit.
President Obama who dreamed it pin for promoted -- put it forward back in 2011.
Ideas.
-- he talks about -- care quality is the only thing worse chenille.
Is not reducing spending.
And two for the sequestration to go into effect the Republicans will do nothing.
They're not gonna agree to tax increases you know it's funny the president talked about.
This balanced approach to secrets to seek professional have to -- -- and have savings.
Well look he didn't mention tax increases when he proposed to -- frustration two years ago.
No I don't act I guess the other government zero point that I night -- would sit there is a strategy were Republicans are doing that.
By discipline you know sit on their hands and letting these cuts -- -- -- of a -- of a lot better than letting tax increases -- I could see that -- -- -- -- -- -- -- -- that the president -- Is putting into people down did you know we're gonna lose meat inspectors I guess -- beating -- me.
We have a lot fewer emergency responders I guess we're all gonna die in fires.
Mean it's that.
An appropriate role of -- commander in chief.
Well let's just say -- the American people know who that is sort of gross exaggeration.
The American people are not out at the ramparts.
Site and we can't do this they haven't may have the pair I don't know governor riding a lot of -- ahead in the you know what scared out of because they're hearing news of this essentially.
Investors have been that we won't be able to eat we won't be able to have to go out -- a lot of mentally -- won't be getting their merits of will be out on the streets killing us.
I mean this is off the wall stuff.
Well look.
We're talking about a tiny tiny fraction of the federal budget which -- -- Three and a half trillion dollars -- hundred billion dollars of that is less than 3%.
And that the American people know the government to decide 3% on a heartbeat.
The what's wrong with the sequestration is the way it will be built on -- we've already voted to cut its defeat it's been in.
Nearly 500 billion dollars over -- years.
And now here's another -- -- most that Lorch.
The domestic discretionary side -- they don't have sat his -- polluted.
Even when you make these cuts but most of those categories they will be far higher.
The one Barack Obama came into office.
So.
I hope and believe the republic of law while the sequestration -- -- and affect them so that we can start down a path of trying to get control spending and reduce the deficit.
By savings because -- what most Americans.
I don't think we have.
A trillion plus deficit every year because we tax too little it's -- we spend too much and after this -- -- marks the first.
We will go straight to the continuing resolution.
Which is funding the government on a temporary basis the expires march -- -- Or 48.
And I expect the Republicans.
To get to the point of more savings -- Our country -- to do that.
And they added that we're gonna raise taxes.
-- industries that are creating jobs -- oil and gas industry that you mentioned.
There here's an -- that during the recession and up through 2011.
Created a 140000.
Jobs -- the country was losing millions of jobs.
And at the time to be killing the -- and as a drag right and it's not like the oil and gas industries under taxed.
The oil and gas industry -- 41%.
Of its income.
To the federal -- -- income taxes.
For the average interest in America age 26%.
Privately I think the 26%.
Is probably to have 41%.
Is a huge.
Huge tax.
You've got the memo they -- -- -- Baltimore and they wanna screw them more but because they think they're politically on our our sales grow jobs and this is one industry is growing jobs while.
Increasing our -- duration.
Do you have very -- world well -- that's the only way to get out of this mess is to grow ourselves out of who can't cut our way out of that we could make a good start that these should cut.
But we ought to be focusing on -- our way out of it and that is an industry that gross.
On governor it's always a pleasure sir thank you very much I can -- Haley Barbour.
