Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Our Spending Is Robbing Our Children

Details

  • Description

    FBN's John Stossel weighs in on sequester cuts and government spending.

  • Duration 3:12
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Now coming up now hot his were to be a way to avoid Jones also he has hit John join the break he was riding astute cut into the studio watch.

I think perhaps this clip will explain why.

There's -- a need to take this thing -- yeah I'm I'm all they need this.

You're down I I need this doubt stopped -- The take this scooter.

Picking things from kids is nice for made about the rest of you have to deal with the debt.

He's here right now sitting -- to -- on my Japanese -- -- so what's this we off our spending is robbing our children.

Generational theft and people are aides say I -- didn't have Medicare my whole life.

Congress get back what I do but we're get back three to four times will we -- -- in its unsustainable.

Because.

And then President Obama says this sequester.

Is like taking on meat cleaver to the budget but the sequester doesn't even touch Medicare and on the party does -- Its military and the discretionary is he could say it was -- take a paring -- a little bit 3%.

But it isn't even -- -- neck as he could just look at this slide here.

That this is what happens to spending.

This is what.

Very good given half.

Even with the the -- -- have the Red Line is without the Blue Line with there's hardly any difference -- you could say this is unfair you're not adjusting for inflation slowed next slide adjust for inflation.

It's still spending goes up with the sequester it it's a misnomer out you can't have -- -- costing.

Get nearly eighty send hiding from what they were gonna increase right so -- -- spending as you said -- one of them spending keeps going up.

Even would these.

Cops would just reducing the amount of increased announced and that's what we do it after inflation and adjusting for population growth that I believe you have a couple of questions -- is that what.

Is this a -- -- is -- -- and I thought -- we have a real or fake twisted that there's nothing we can cut from the government but.

Here's what governments spent so is this real prophetic.

75000.

Dollars for our.

Radio series of poetry composed by prisoners called the prison poetry workshop you're asking me is -- a real program or a -- program yes.

I mean look I mean I think it's strains credulity but I'm gonna say it's a fake.

OK and -- one more before regularly -- 200 won't be found for researchers to discover new methods for killing cockroaches.

Without toxic chemical that I believe -- -- yes.

The opposite was true but you can.

-- -- -- Point is that you can't now they spend it on garbage -- and say -- kick up anything or you won't have me as important as anything he's believable.

Because the spending is so crazy I would believe anything you tell -- is -- real government program and it's not.

That's right you know John that's a very good program ago coming up and tell us what happened when he news that's tonight on Fox Business at 9 o'clock excellent you know it's also excellent stuff thanks very much -- -- -- -- -- Breaking.

Load More