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Rep. Rangel: Sequester Is No Way to Create a Budget

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    Rep. Charlie Rangel, (D-N.Y.), on government spending and creating jobs.

  • Duration 5:28
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It will congress avert a government shut down the house set to vote today on -- nearly one trillion dollar measure that will keep our government funded through the end of September.

If passed this spending resolution will avoid a government shutdowns.

-- intend to march but keep this sequester cuts in place.

Here now to answer whether he would vote for this New York democratic congressman Charlie Rangel -- joining us now from Capitol Hill.

He is warm inside the capitol building congressman great to see you as always will you vote for this continuing resolution today.

I don't think so because in this sense I would be voting -- BC question yeah and I'm pretty confident that the senate will take -- DC question to make certain that we don't have a collapse.

About government.

But it would seem to me that -- this stock market booming.

And profits sad -- Profits at -- all time.

Time.

This sick.

Kickback in my hearing eight -- sorry and I thank you can't take your time but.

But -- it would it would seem that.

The private sector that would be helping us to create jobs but we don't hear anything about it the Republicans are saying that we can't raise revenue.

All -- president is talking about.

Is that while these profits are being made just one percentage 11 half of 1% goes -- creating the jobs that we need.

So we need economic growth in not just profits.

We aren't creating jobs in the ADP report came out -- on private sector job creation and private companies created almost 200000 jobs last month.

To your point but congressman.

We we had to sequester cuts the world didn't end and the Dow still managed to hit.

A new all time high so what's the harm in cutting some of our spending then.

Hello this are -- that but it's just can't take revenues off the table.

I mean the partnership is the private sector in the public sector to private sector has no responsibility of infrastructure airport south.

See points out educational schools and things that has to be done to keep this America.

Competitive -- should be.

And the truth of the matter risk that this hasn't been a -- create jobs and outside it takes a partnership to create these.

-- and they question is no way to produce a budget every economist will tell you that it's -- what.

What is the president's idea to put the sequester in a dead -- day it was his idea for the sequestered in the first place are you saying the -- goes wrong.

I I don't believe that was the president's idea.

But it does it really make any difference to me who was idea it was Democrat or Republican.

It's bad -- economy it's bad proud country and that goes unchallenged.

Sequestration is no way.

Bush 88 international leader like United States of America to prepare its budget to move forward but -- -- congressman your point though we did raise revenue noted tax increases to the ten up 600 billion dollars.

At the end of the year but beyond that do you.

Believe.

As an elected official as a lawmaker that this country has -- debt problem.

That we impart need to cut back on some of the spending do you believe that that needs to be fixed in some way.

There is no question that when you have.

Over sixteen trillion dollars in debt.

And some of that this two countries that have not been friendly to us in the past that this has to be considered a national emergency.

But when you say.

That we've already raised -- do what we did was -- just due to just the top percentage of their weight gender is now what we're talking about.

This closing the immoral un economical.

Loopholes and the on fitness and the injustice in the -- them.

This shouldn't make any difference whether we had a deficit and not.

That's good government to have a good -- taxes way we all that's what they saying this taxes.

It's closing loopholes senators raising revenue Anderson -- if we're going to rebuild and infrastructure and -- Do you think that if these sequester cuts stay in place it was what 43 million dollars.

Out of almost four trillion dollar budget does run into the end of September do you think the economy is gonna fall off a cliff because of it.

You well I don't want to get involved and whether it pulls off a cliff but you know what these cuts really made these reductions really mean.

-- that people are losing their jobs they going into the street -- going employment unemployment.

Boy if they don't have any resource is -- not Bom -- hello buying any thing.

They're losing their houses and we're talking about this is they absolutely do wrong way to go when -- moving in the right direction.

As it relates to employment it doesn't make sense to us at this time while we working our way out of recession to lay off all of these people.

Put jobs that include on national security fifteen this -- the -- questions deal would -- military.

-- congressman we can continue to debate this port days and weeks and months and years to come -- welcome back any time.

Being safe being a stay warm OK congressman John thank you -- -- sometimes it's a little.

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