Also in this playlist...
This transcript is automatically generated
Well maybe to the other budget battle on the hill although it really is one of the same in the house begins debate on Republican plans to slash a hundred billion dollars in spending for the rest.
Of this fiscal year.
The president threatening to veto those measures measures that Republican senator Mike -- of Idaho says are desperately needed to counter the White House is big government budget.
Senator -- -- a member the president's fiscal commission and voted for the recommendations.
That we just talked about he joins us now.
Senator we talked about fiscal 2012 enough let's talk about the remainder of fiscal -- -- eleven all we gonna get through this fiscal year without a government shut down.
Well I believe we've got to get through the fiscal year without a government -- but we certainly cannot continue business as usual just.
Kicking the can down the road as we say.
And not getting reform and so I think you will have a showdown over the deep kinds of reductions in spending that the house is going to ask for and which we in the -- are going to have to go along with -- we're gonna get serious about protecting this country.
When we talk about cuts to spending whether it is only state or a federal level inevitably you'll hear the line.
Essential social services right adding that that's what we hear in other words the threat up if you make cuts somebody is not going to have something that they need.
How do we get around that argument to make the deep cuts that are difficult but necessary.
As we solidly put up the fiscal commission's plan in December.
Everybody who has a special part of the government that they -- protected will come out and start attacking the plan.
But Americans are starting to get it increasingly in the reality is this.
If we do not think if we continue to simply -- ourselves try to spend ourselves through this.
Then we are going to see and economic collapse that will be far more difficult and far more damaging to every American in every walk of life.
Than any kind of reductions in spending or fiscal restraint that -- -- debating here on the hill.
What are we have to do to avoid a shutdown of the government because even the Republicans don't agree on everything.
Well we need to have very strong steps in this year's budget to reduce spending.
I agree with a hundred billion dollar target.
But we've got to make major steps and then we've got to get engaged in the kind of planning for the future that will help us get on a path.
For fiscal responsibility and that involves the kind of things that the president literally abandoned in the budget that he revealed yesterday.
His budget will have us increase our debt over the next ten years from nine trillion dollars to eighteen trillion dollars that's the debt -- to the public.
Our gross debt including all of our debt will increase from thirteen trillion dollars to 26 trillion dollars.
And we cannot continue to try to spend ourselves through this and what we've got to do is get the support of the American public.
To say we get it.
Congress must get it and frankly the president must get it and we've got to have strong serious bold steps put into place now.
If you wanna sell spending you call it investment right I tried to sell the fact that I needed a new -- called an investment in transportation -- work -- my wife either.
But there is some forms of government spending senator -- not that are good I mean we have a national highway system we have an energy grid albeit aged energy grid.
What types of government spending -- do you support our they're good kinds of spending.
Well certainly we need to have a national defense our national highway system is another example as you have indicated.
Energy policy requires us to do the right things that require expenditures and in significant contexts.
But remember we're not talking about eliminating all federal spending we're talking about not spending more than we bring in.
The president is proposing a budget.
That will spend three point seven trillion dollars.
We simply need to get more fiscally responsible and start paring back everywhere nothing can be sacred in the budget.
We must deal with every part of the budget and everything must be on the table.
Senator Craig so thank you very much for your time tonight sir.
Thank you -- --
Filter by section