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-- means self denial when applied to government it usually means cutting spending.
I put the word in quotes here because despite the media way -- lying about austerity.
There have been fuel real -- here or in Europe.
-- the left hates austerity their books out like austerity kilts.
Paul Krugman calls people like -- support cutting government spending or staring it's.
He says this comic strip explains it all it portrays are Syrians -- aliens who want to destroy earth.
-- -- hero of course for saying austerity is madness the aliens -- shoot him for revealing this truth why I'm proud to be in Austin area.
Even if Krugman and frankly most of my neighbors in Manhattan think I'm.
From outer -- case.
Unfortunately only a few people in congress actually take my side and want to cut spending.
I'm happy to have one of them here with us tonight senator Rand Paul's proposed specific cuts but senator I'm told if we -- now -- win the economy's in great this'll make unemployment worse.
But here's the amazing thing about people saying that we are living in an age of austerity.
We have not cut any spending in Washington.
Even the sequester or to cut the rate of growth.
Spending still is growing in Washington.
When they say -- if you cut spending that will somehow cause lack of economic growth.
Will people spend money -- just who spends it.
And Friedman had this and he put it really well when he said.
Nobody spends someone else's money as wisely as they spend their -- when you talk to your colleagues about.
There have been no real costs -- they look at you like -- wrong.
No I think a lot of people up here actually understand it.
People like Krugman take it and they demagogue an issue.
That they know full well that we are going cutting spending our around here that were slowing the rate of growth at fast.
But even rate of growth you saw how they went crazy -- -- -- the sequester the sky is falling in the world land.
-- guess was the same week they do that they sent an extra 250 million dollars to Egypt.
They've got plenty of money to send around the world and yet they -- we don't have enough money for White House -- it just doesn't pass the smell test.
-- you have a real plan that would actually cut you would eliminate four cabinet departments commerce education energy.
Housing and urban development.
When you say that to people that frightens them -- -- Well what -- -- the balancing your budget if you talk to any family about balancing their budget not -- when it comes in.
It sounds like a very reasonable notion does this seem vs the unseen.
I can take money from the economy.
And I can build a bright shiny building and say why -- this is what I do with your money.
-- -- -- we don't see his wife entrepreneur lures and individuals who have done with that extra money in the economy which goes back to a Friedman said.
Who spends money more wisely when -- -- I don't know when it's government.
Government our profligate way pitchers of money and they have no clue as to how to make any thing so I wanna leave more money in a productive economy and less money in Washington.
The private sector might have spent the money for the shiny building and creating thousands of jobs are curing cancer we don't know what they might have to.
Right but really it's who can make things better the private world.
-- the government and I think we have a great deal of evidence that the government waste money mr.
-- it I -- I can give you example after example of millions of dollars spent on.
-- -- Beef jerky.
All five million dollars spent on not studying the collective action of fish there's been no austerity here in the United States we have.
Struggled to slow down the rate of growth of government.
And -- they fought us tooth and nail on the sequester.
Which is slows the rate of growth.
I think the American people are buying it I think they see that there's been a little bit of -- gamesmanship.
And a playing by the president say oh no more self guided White House tours no more inspection of the meat no more air traffic controllers.
When in reality I think most people.
Believe that you could move money around enough three point eight actually in our government and cover some of these things I'll give you just one example how.
If the president would have behaved rationally.
If you just don't -- the people who were retiring from government that's six billion dollars a year.
So the -- was passed a year and a half ago.
He did nothing for a year and a half -- instituted that out of -- nine billion dollars that's nearly a fourth of what we needed a guy.
Thank you senator Paul now.
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