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You might agree that all parties need to make sacrifices to build -- -- -- GM and Chrysler but then why isn't President Obama making any sacrifices in his massive three point six trillion dollar budget.
Tonight he'll be meeting house Democrats to sell his plan a one man who needs no sales pitch -- -- -- congressman Josef Pennsylvania and we welcome back to the front.
Congressman good to have you back.
He's doing it yet it's always a pleasure to have you on this program we admire you would respect you I believe you're a former three star admiral -- I'm not mistaken that's correct -- Yes it is Carol welcome back we it's always good to hear from you but I put it to you when the subject is money use all totally wrong.
There is no sacrifice is being made by this administration within this budget.
And if you pass this -- if you vote for it you're taking -- -- uncharted territory with a two trillion dollar deficit.
The president has given us a budget that.
Stewart has the right priorities and focusing upon health care that we lose because of the uninsured a hundred billion dollars a year productivity.
Education energy plot.
The Congressional Budget Office came out with -- study.
Where they GDP growth between now and -- -- nineteen.
About 2.5 percent halfway between president Obama's and the blue chips.
And it -- -- 2.3 trillion dollars to the dad I believe we now have to step back and say.
In its present format is unsustainable which you would and -- -- you know you -- going to be a lot of -- all the congressman there's a lot of tall but you gonna knock out happened freight.
Which might -- high energy -- so most people would that be your first targeted gonna knock something out -- that they -- It would be second would be education but I believe we can at least as a minimum.
Address the health care -- seconds I also believe that house needs to reconsider doing this on -- conciliation.
I came to congress -- believe -- an 83 years ago.
Leading and bipartisanship.
Doesn't mean everybody gets equal.
But it does mean you work together.
But I do believe that of these priorities -- thanks in continuing to shift now over the next few days before I vote for this budget resolution.
And I want to hold on to that health care issue because the other two made we take a step back.
We get out of this recession and then see going forward I'm very concerned right now.
That we will have been 201982%.
Of our GDP.
Equivalency in our national debt that is not sustainable.
That -- OK look last week the British government tried to raise.
Lots and lots of money they tried to borrow a ton of money because they've got a huge deficit.
Back auction a -- of the British treasury securities value.
This -- we're gonna try to raise at a minimum.
One point eight trillion dollars -- every chance that what we try to borrow week to may fail surely that's in the back of your mind.
When you all considering how much we gonna spend in this budget.
That -- be clear.
You are obviously -- ex patriot but let me make sure I'm clear on this I am a large proponent.
Putting enough fuel and even burning it in the net and this ship.
To get -- out quickly from this storm because if we wallow here for three of 45 years.
We're gonna burn more fuel bigger deficits of the stimulus bill and the talk -- itself are all spot on however.
As we come out of this recession and sitting down mr.
Bernanke last week he told a small group of us.
We do expect to be coming out of it at the end of this year beginning of next year it means unemployment will still remain.
At about eight or 7% for year to.
But at about that time is when we have to go back for pay as you go look to Chinese send a shot out.
A few weeks ago they said we're gonna give you apply right now for a year or two.
To get you through because we agree with you on this stimulus spending but after that.
We want to see you return to good prudence in balance your budget there's a difference between the budget.
And these efforts which are absolutely necessary Stewart.
To get us quickly out of this storm and then -- have to as I said get this balance to be one where we maybe take one of the three priorities.
And then we turn to page you go come on back to this program you're always welcome congressman -- suspect it is a pleasure I want to keep this debate going -- this very important -- thank you so -- as this is very important thank you that would.
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