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Vetting problem in Washington as we celebrate when the red ink isn't quite as red as we've talked still -- still a lot of banks still deficits still big -- -- as does not as big as we bought.
And they celebrated deficits that no longer is it -- -- dollars and they.
And think it's out of this world.
Welcome everybody glad that I'm Neil Cavuto and I guess land.
Did you get used to spending its various factors more then you're taking in year in and year out when he gets it down to what 700 billion boxers -- you think -- hit the jackpot.
Sort of like -- the guy who's 700 pounds.
Loses ten pounds then thinks he's won the battle of -- he hasn't Gore's but who can blame them for thinking is it weird about -- -- -- -- Ridiculous as -- Washington boasting about a federal deficits -- -- expected this here.
About 231 billion bucks less than this time last year although it.
Until you realize we are still spending a whole lot more than we are taking -- and that's sixteen point seven trillion dollars in debt just keeps.
Hanging around and gotten bigger -- and a flood of retiring baby boomers and -- just common and let's remember that much of this new -- fiscal health is coming -- tax rights.
The revenue from where it's usually proves very short -- -- they.
Grow to have -- depressant on the economy just as Maryland or go over to Britain -- -- -- our taxes.
On the rich to raise though ultimately ended up in those places losing -- So let's not get ahead of ourselves -- kid ourselves and think we've hit a triple just because we woke up on third base we didn't we are still down.
We are still to rally and now is not the time to think we've done anything but benefit from some temporary lucky -- The former house Republican leader Dick -- -- warns his former colleagues not to use this as an excuse to give up the spending fight.
But you know -- I'm worried that's exactly what will happen when even.
Well I think the Republicans need to understand they have special place right now in this country that.
90% of the press.
And are almost all that ever gonna officeholders.
Are all -- You know -- drift in the sea of delusion.
And if the Republicans don't -- compel.
-- section of official Washington.
To stand on some sort of sensible.
Solid ground and understand.
The biggest threat to American prosperity.
Is societies and clumsy -- of the American government.
And we must correct that or face dire consequences.
For generations to come Republicans don't claim that ground and asserted strongly.
We may all be out there.
On an iceberg.
You know maybe even on a dose of that I mean if I'm hearing their latest negotiating tactic they're gonna push for simplified text of which is all great.
It in the in the quest for tax reform they've essentially at least as a negotiated -- taken away this was for spending cuts bomb when you make it.
-- I'd -- do I think again it's the old cardinal -- prop.
Obviously the flat tax is the correct answer is very and that's a tall order -- -- got put it together 1984.
That's -- correct -- term taxes.
But remember what Milton Friedman taught -- the real level of taxation is a level of spend it.
The real problem this nation is burdened with we have a government that is too big and too wasteful.
My gosh we got a government that spends eleven million dollars to create one.
Green job in an area of the economy that is nowhere near mature to contribute to the overall well being of the economy.
I mean if this then we have to correct this and if the Republicans.
-- requirement is to be on the spending side and all a lot of tax simplification -- all of.
All about what they've given that -- and you know these guys vetted and edited -- when I.
When I hear the administration bragged about the revenues -- again in these smaller than expected deficits.
And saying that it justifies still more tax hikes and Republicans then sort of give up the fight on spending cuts and favored tax reform -- whatever meridor -- reasons.
They've lost that fight.
-- that that's a real problem and probably really becomes is almost like.
I've always said you have to be have a degree in developmental psychology to understand Washington.
It is inconvenienced some minimize you -- is what it is.
Let's take something that is -- ball and we'll take that as a second best solution while we surrender.
What is urgent -- necessary.
We'll take what is convenient and and again the Republican has to be that discipline warrior standing in the phase and irrational thinking understand first ball.
Bless their heart Democrats and liberals they're slow learners.
But there also people they learned that which is politically convenient to there and ideologically do you find objective.
Republicans have got to be the voice of reality.
Well my fear my friend as they've given up that voice or get another chance to raise that -- police say they hope springs eternal well we're all.
-- Kate Burton spurs in -- -- OK Richard thank you always good having you.
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