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Sen. Barrasso: Won't Trade Spending Cut for Tax Increase

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    Sen. John Barrasso, (R-Wyo.), on the need to rein in government spending.

  • Duration 6:11
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Own party.

Well our first guest tonight says President Obama and senate Democrats need to follow and not misinterpret the law of -- sequestration -- to cut spending.

Not to raise taxes joining us now -- senator John -- He's Republican policy committee chairman a member of the Senate Foreign Relations Committee senator good to have you with.

Thanks for having me Lou sequestration.

We have a new deadline it's whenever the president signs the order putting it into a fact are your thoughts.

Well I see at the same way you do the president seems to be running a campaign of fear.

The purpose behind it of course is to try to scare congress and the American people into raising taxes.

I'm just not buying it we need to cut wasteful Washington spending.

The American people like -- but all around Wyoming last week.

People believe that at least fifty cents of every dollar they send to Washington is wasted is poorly used people don't feel they're getting value for their money.

And now you see what this administration is doing in terms of a releasing.

Illegal immigrant detainees.

Arnie Duncan is statement on CBS last week about.

Teachers getting pink -- -- we now know that is not true there is so much fear mongering on the part of this administration.

They just have to realize it's time to cut the spending and Republicans stand firm that we're not going to trade a spending cut.

For a tax increase you know as I've said at the beginning of finance right.

This has become almost farcical this campaign of fear by this president.

His his cabinet his administration.

And those who support -- whether -- -- unions whomever they may be the organization for action.

But the reality here is that today we're greeted by the that in the spectacle.

Of a divided Republican Party because it appears that the Senate Leadership is embrace this what is described as a five page draft.

That would confer upon the president constitutional authority to make spending cut decisions.

Rather replacing.

Sequestration what are you.

What are -- all going over there.

Well we are unified that there is going to be spending cuts occurring not an increase in taxes.

The proposal by those two senators.

And they're still working on the fine details of that.

It's for a temporary period so we can get back to the regular order here like passing a budget the senate hasn't been Democrat controlled senate.

Has not pass the budget now move in 14103.

Days this is -- work.

-- it is the -- -- but they haven't passed a budget since the iPad has been around and the amount of sequestered.

Realistically.

85.

Billion dollars that's the amount of money -- that we borrow as a country every month and that's only that this that's -- -- for the whole year.

And realistically you know -- they called -- cut spending continues to go up.

It's just not going up as in his faster rate as the president wants to go up.

-- turns out we're not talking about 85 billion dollars as we've all been discussing.

For the past six weeks.

We're talking about earlier according the Congressional Budget Office and reality partner reduction of forty -- -- In outlays in this fiscal year -- the margin is even smaller this little sliver.

Of a reduction in spending in this current fiscal year.

Comes becomes even -- -- 1% not 2.3 percent.

It's not going to have nearly of that impact.

And yet the horror stories to go off.

At what point do you as a Republican and the leader of the United States and it's a you know.

What I tell my colleagues including it's senator -- I'm sort who's the other senator behind this five page draft.

And is to be an inhospitable to quote it.

What did you tell those guys you know calm down analyst at some leadership here clear articulate voices about the Republican view.

Because it really is mixing messages it really is compounding.

And it makes the Republicans look I -- Frivolous because it's a political -- are are perhaps even worse.

Is seeking to to avoid the responsibility that they -- they wanted to claim in the and he is.

To reduce spending and return to responsible prudent fiscal policy in this cut.

There should be no question about it the spending.

Cuts will occur on Friday the sequester will go into place and it.

Realistically should not do all of this damage -- the president continues to say is going to happen when you look at just how small it is and how.

-- long it takes to actually roll through the whole process my concern.

As is yours is that the president has has hyped it to such degree.

That they may have to force some things in the most painful -- -- the American people which a good manager a good leader.

Would try to re arranged in a way that would minimize right.

The impact of the citizens of a country not increase the pain on the citizens of a country but senator -- that's what we're dealing with right now -- well.

Right now I -- say the American people are.

Have have got to be just compounded by the farce that is the Obama administration spirit campaign.

And buying addicted the conflicting and contradictory.

And certainly mixed messages of the Republican leadership and a time when we.

Where we need responsible loyal opposition I would put it that way and senator -- -- -- not going to have time but I wanted to point now.

Senator Grasso and the policy committee of just from a for the report identifying just in one year 2000 -- -- a 115.

Billion dollars in wasted money by the federal government -- goes across a variety.

Departments and programs.

A 115 billion but no one seems too excited about that we'll find out whether senator -- or can get some people excited about it -- it's a lot of money.

Just about three times the impact of this so called sequester.

Senator -- was always it's great to have you with -- we thank you -- much.

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