Also in this playlist...
This transcript is automatically generated
-- watching stocks sinking here and around -- world with great interest he says voters.
And the markets know that spending and -- must be brought under control former house majority leader Tom DeLay -- the results.
-- primaries send a message to that fact that Texas Republican joining us now mr.
delay thanks for being here now.
We we get the fact that that Nancy Pelosi and and her crew have increased.
Our national debt tremendously I guess 3.5 trillion since she took over as the house speaker your old job.
But you do it carries some -- to even conservatives are saying that for growing.
A pork barrel spending I think the that the number of upper -- pork projects earmarks increase to thirteen 1500 under your watch.
Don't you shoulder some of the blame for the growth in government.
When we took over David in 1995.
It all federal spending was 21 over 21% -- GDP.
Within two years the Republican congress got that down below eighteen and a half percent.
And it never got back to 21% until the Democrats took over in 2007.
-- at you know I'll that -- -- you're talking about is less than 110 of 1% of total federal spending.
-- -- -- had nothing to increase spending Republicans did nothing out of order Republicans all this myth about republicans' growing.
The government is is just hog wash your telling me.
Well actually it is hard wise we did go to war and that increased spending a lot now you can make a decision whether we should've gone to war or not.
To fight off the terrorists that that race spending considerably.
We did hold spending down through the Medicare reform act.
We held a discretionary spending down to less than 1% increase every year that George W.
Was in office and we balanced the budget back in the ninety's.
Without Bill Clinton's helps yeah out there's there's been a lot of bashing of Republicans that are not -- well but well what looks like my arm -- -- and it got to look forward out of control government the size of government growing.
-- government now is up to around 26% of GDP you were just talking about the debt is about to go to over.
Yeah OK so representative let me jump in because the facts -- -- we we know the facts and worst we've -- at -- so let's look forward and figure out what we do from here.
What is the solution where both sides can hopefully get together at and wrapped their arms around this problem and squelch it.
Well personally I'm going get.
Republicans working with the Democrats because the Democrats want to expand government.
Become the president is killing jobs left and right he just announced.
And all moratorium for us in Texas that's about -- 120000.
Jobs that are going to be lost in the next six months.
They're doing a cap and tax bill that's -- -- cost -- jobs or Health Care Reform bill.
Calls to jobs and Republicans and I'm gonna participate in that -- -- -- -- turn this around is a massive.
And a message sent 20 Washington that's coming.
In November and throw the bums out take.
As speaker Pelosi out as speaker and Harry Reid out.
As senator of Nevada.
And then Obama can't do anymore harm.
What about legislation change maybe you have.
-- item veto that sort of things -- -- we can do legislatively in order to stop politicians from spending.
Now you just got to put politicians in there won't stand and that's the message that's being sent and probably the message there will be sent tomorrow.
Is -- government.
Smart and stop the spending and stop the debt that's the main message in the in the election out in the real world right now represented not -- only things on the -- -- just to be fair though you know you.
Says so that Obama can't do anymore harm you know when he took over the stock market was it 6000 ballots at 9000 and change so.
A lot of people look at that it's safe sure Mike my 401K came back we have certainly seen a correction here but.
What it what is the predictor when it comes to people continuing to invest for their retirement.
But what about -- as if he hadn't done what he had done with the stimulus package.
Huge -- -- increases spending last year.
The Health Care Reform bill the economy would be rebounding a lot faster than it is now if -- become -- -- cut taxes.
And and put more capital and after -- hands.
The economy would be coming back you -- -- scared of double dip in recession because.
-- premieres are not spending are not investing because they don't know what the future holds higher taxes more spending more debt.
That's that's not future where people want to invest their money.
Former speaker of the house Tom DeLay great to see you again sir thanks for being here appreciate it.
My pleasure thank you David by the.
Filter by section