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-- -- one half of the senate Tea Party caucuses here.
And one of Amazon introduced a bill that would cut over 500 billion dollars from the federal budget and the other Alabama's threatening to filibuster any debt ceiling increase.
Politicians on the left and the right.
From the president to wise -- freedom watch guest democratic congressman Anthony Weiner.
To Republican majority leader Eric Cantor all claim to be concerned about spending.
Yet they are not gearing up to support senator Paul's plan or senator -- filibuster.
And even if senator -- bill did become law the federal government budget would still have a trillion dollar deficit and what to do about the debt ceiling.
-- Republicans -- to their big government and states.
If establishment Republicans.
Don't get behind these Tea Party generated spending cuts they will rightly deserve to be relegated.
To the dustbin of history.
Joining me now to discuss -- Living and -- is Kentucky Republican senator -- -- Paul senator Paul welcome here.
-- -- to judge before we get into that specifics of your proposal and your colleagues senator Mike leaves.
Threats to filibuster the debt ceiling increase I understand that there was a meeting today.
Of the senate Tea Party caucus how many people were there and what was voted on -- accomplished.
That's a unique caucus in the sense that it's not just a bunch of senators smoking cigars and a dimly -- lit room.
Deciding what the Tea Party agenda is.
We decided because the Tea Party is such an organic movement coming from the grassroots.
That we invited the Tea Party to come -- and so we had several hundred Tea Party activists.
And there was some of the leadership in at the front of the -- that not only senators.
But leaders from the Tea Party and we want our caucus to be a dialogue a further dialogue from the grassroots.
To congress we can tell them what we're trying to do we also want to still listen to the grassroots Tea Party and say what do you want us to do you.
So it's a little different than your traditional caucus okay.
We see it more as a conversation.
Very very interesting concept in terms of senators though.
-- from wrong that was you and Mike -- from you saw Ron Johnson from Wisconsin and Jim -- from south Caroline.
Well actually as myself likely and Jim -- and Jerry Moran and Pat Toomey came today and and who -- official members but all those people came in gave speeches and I'd leave it up to them to say whether or not there.
Going to officially be in -- but all five of those senators spoke today.
As well as representatives from various national Tea Party movement how have you -- colleagues in the senate received your proposal.
To cut right off the had it right off the top.
500 billion from let's say if that from the president's proposed -- spending plants.
We you know my phone has not been ringing off the hook yet but I'm still anticipating that I will that -- will sign on to it.
But you know we put this proposal out because.
The problem is incredibly large incredibly serious.
And even my proposal which is far the largest spending cap proposal ever produced in Washington really only attacked a third of the problem for one year.
So really this is just the tip of the iceberg and if we can't get people to sign on to this I don't know we have hope as a country to ever do something about the deficit now I.
Haven't had a chance to to read the details of it.
But is it across the board does -- go too far -- aid to countries that don't really need it.
God doesn't go to the defense department for installations that we don't really need.
Doesn't go to -- social spending programs that the country's become addicted to.
Well the interesting thing is it cuts 500 billion dollars in twelve pages.
So you remember the health care bill increase spending -- one point two trillion dollars.
In 2700 pages we're gonna cut 500000000000 and twelve pages you can read it.
What we do as we go back to 2008 levels for everything excluding Medicare social security and the military.
But then we go one step further -- we do include military spending we end up cutting the 2011.
Budget by six and a half percent for military.
Which is an overall reduction of about 3% from 2010.
This is not a large cut.
But it's the only proposal in Washington that actually says we will cut the military budget.
And I think it's important like Secretary Gates said recently -- all military spending is not for national defense.
All military spending is not necessary.
Or frugal we can have a strong national defense -- less overall money being spent.
Nice to hear you say that senator.
Your colleague senator Mike Lee who's coming on in just a moment just a few moments ago.
Announce that he is prepared to filibuster.
The president's proposal to increase the debt ceiling.
-- it's not accompanied by a balanced budget amendment.
Would you join such a filibuster second half of that question is there any way we can prevent that debt ceiling from going up filibuster or not.
Run -- Mike Lee is going to be a strong four series a constitutional lawyer he's a scholar.
He's somebody who I think really brings some middle actual impact of these things.
And I've told people I can't conceive of voting to raise the debt ceiling.
And less -- significant reforms such as the ball bounce budget amendment passed.
-- would say that also -- -- to -- has a great proposal out there and what he says is when they try to scare you and say.
We're gonna default on the debt sitter Jimmie says that's not necessary.
What we do as we just say priority number one is we pay the interest on our debt.
And we don't have shut down government we don't default.
There is another way the administration wants to say oh it's an either or either government shuts down we have a default.
Or you raise the debt ceiling.
Senator -- saying there's another way in what you do is you just take the first money that comes in and 200 billion dollars comes in a month.
Our taxes bring in 70%.
Of what we need every month 200 billion dollars a month.
Just take some of that -- pay the interest on the debt there's no reason have default you can have no default and also not raise the debt ceiling at least temporarily.
Very very interesting argument and it was great piece that he wrote in the Wall Street Journal earlier absolutely demonstrating.
Using numbers how that can be done.
We wanna have you back because I want to talk about the proposal you when your dad recently.
Released to audit the Fed and how many co signers -- -- that.
But senator Lee is waiting I know you have to go to a vote senator Rand Paul to pleasure thanks for joining us.
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