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We -- what sixteen trillion dollars in debt it's going to be seventeen trillion come September.
President Obama says we're not facing any immediate debt crisis and John Boehner Paul Ryan they agree with it.
Well what do you think debt crisis imminent -- -- commented this -- be American action performance.
This here in New York Phil welcome back the program think -- -- -- do you think we've got an immediate debt crisis on our hands.
I think we have an immediate need to act we can see a debt crisis coming in our future act and acting now is responsible adult make it much more easy to -- -- over the long term -- will be less painful if we act now what should we did.
We need to reduce the debt over the long term and we need to recognize what what -- spending and -- -- -- -- mandatory spending on entitlement programs that's causing -- -- We know that all the numbers -- as chairman Brian has sent numerous -- its most predictable access to American -- -- strongly supports the Ryan budget plan.
We ran the numbers last week on bouncing the budget consistent with the puck and principles and the house proposal.
And we saw that you get stronger -- you get more jobs now it's responsible thing to do for the economy and it also sustains the viability of see a program that's.
The exact opposite of what the president and much of the leftists say essay you cut spending now and is a real drag on the economy -- -- -- get back to prosperity cannot -- you can't do that.
-- saying the opposite if you cut spending relatively quickly and you get more growth in the economy -- diametrically opposed.
Then there's other research that -- and that is when -- lower below 90% of GDP you're gonna grow more rapidly of course have to be Smart about how you cut spending recognized.
Which spending is the problem but you can't keep spending money you have and you don't have and expect the economy at a recovering you just can't do that -- keep piling up all right.
-- would be the first item for a big cost.
I think you look.
Like this you have to recognize that it's mandatory spending excel Medicare Medicaid Social Security Social Security is a good place to start -- -- -- do you concerts or do you restructured and reformist -- in restructure and reform no doubt these are it's not just an economic issue you have to make sure that the programs are going to be complacent.
They're good budgetary crisis but they're also going bankrupt some people are relying on them aren't gonna happen.
-- -- If we did that what the Ryan budget proposed.
And we got some economic growth we cut some spending reform these programs we get some growth what kind of -- -- would look at.
You that we have to get out of this -- normally have to get up.
About three I think says to and we do that by cutting spending I think about long term I actually found -- eternally optimistic and so much.
You come into America but you think he could be 34%.
Better than that I don't know how long it would take to get to that but I do think that we can we can get going to I'd say we got on we -- we really need -- absolutely does the American action forum say anything on energy policy.
Because without somebody on my program just yesterday used to run Shell Oil he says look if we get out now -- we go get the the energy that he is Paulus underneath our territory.
You could set off a boom he mentioned -- -- -- percent growth.
Does the American action form say anything about them.
We certainly look at that huge amount of regulations that piled up on top of the end and energy industry over the past couple of years and I think if you can alleviate a lot of that regulatory burden and let the private sector and energy.
Grow and thrive let -- become more energy independent you're certainly NC -- -- problem is I agree with your entire philosophy.
But it lost the last infection or did it I mean what lost the last elections of the questions.
And no comment to a -- comeuppance is against and we appreciate -- -- program that ticket.
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