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Democrats Using Creative Accounting in Budget?

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  • Description

    FBN’s Lou Dobbs on the budget proposal by Senate Democrats.

  • Duration 4:06
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That I the chalk talk we wanna congratulate the senate Democrats on not coming up -- budget for fiscal year toward a fourteen.

The reason that's cause for celebration and if it's very newsworthy all around Washington.

Because it's been 1415.

Days and so the senate.

Last passed a budget resolution nearly four years.

Up four years is a long time I had to put that in some context.

It took four years to build a Golden Gate Bridge.

Four years ago that was pretty good but if you wanna be impressed.

The empire state bill.

In four years we could have built three Empire State Building in meant can you imagine and it four years you could get a college degree.

Well sometimes it takes a little longer and now -- anyway.

-- out of the bad news earlier this week we showed you here how the senate democratic budget is truly.

Fiscal suicide we did congratulate them and -- because.

It is important that they've done something -- just that they.

One has to be a debtor nation in perpetuity apparently.

Because it doesn't balance the budget -- -- senate Democrats it reduces the deficit.

By one point 85.

Trillion dollars one point 85 trillion dollars.

And and it raises taxes by a trillion dollars.

But it turns out that it's actually worse than.

-- -- -- -- -- fiscal suicide so what's better than dead while here where we'll show you see during a Budget Committee hearing today the ranking Republican on that committee.

Senator Jeff Sessions.

Was able to get the chairwoman of the committee senator Patty Murray.

-- staff to admit there one point 85 trillion dollar deficit reduction figure is pure wishful thinking.

To put it kindly.

Can you honestly say that under this budget.

You can achieve one point 85 trillion dollars in deficit reduction.

And -- -- night to sequester with only 975.

Dollars.

Nine on -- five billion dollars in new taxes.

No but I mean.

Know about that well that's that'd -- And it's right it turns out senate Democrats are advocating for turning off the sequester.

But then they choose not to count the cost of doing so which amounts to an immediate spending increase of one point.

Two trillion dollars it means one point 85 trillion dollars in deficit reduction.

Over the next decade.

Goes away it's more like 700.

Billion dollar.

And a tax increase of nearly a trillion dollars well that becomes.

One point five trillion dollars in new tax.

Over the period of the time.

Over a ten year period if you eliminate the sequester.

Not to mention that our government will be spending three point six trillion dollars three point six.

Trillion that's the budget this year.

And goblins and Democrats want to increase that a Tony 23 over ten year period to five.

Five point seven trillion dollars five point seven trillion dollars in -- 23.

-- -- That's an increase in spending.

But she misses.

Of 62.

-- That's what the Democrats have in mind that's why -- call -- fiscal suicide.

As you can see this is a lot more than fiscal suicide.

The Democrats are really proposing the death of decency and and honest.

By our majority party in government is they do this kind of nonsense.

It's enough to make us despair for the future this country and yes.

It is also mildly.

In theory.

President.

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