President clinton paying 100 percent of the interest at $256 billion and 100 percent of social security at $760 billion and leave $1.6 trillion for essential defense, security, safety, and health spending and that would only be $200 billion less than our entire budget was 10 years ago so it is not the end of the world. it does not have to be a crisis if we plan for it and the administration is being highly irresponsible not at least putting in plan b. neil: and democrats and republicans, even to attempt to bring us to this, you whistled past the grave yard to say it is no big deal to not sort this out. guest: who brought us to the brink? two months ago the president had the 2012 budget and they said it
Budget, that is $2.6 trillion. and to put that in context, 10 years ago our entire federal budget was $1.8 trillion. so, $2.6 trillion, $800 billion more than we were spending just 10 years ago, it covers the interest on debt which is $256 billion, and it covers social security, which is $760 billion, and that leaves $1.6 trillion for all other essential spending, so it does not have to be a crisis if we plan for it, if we would not fearmonger, but it should not be a crisis if we actually work toward our solution which is where i devet my time and efforts. i am working with the house where we can pass legislation, and we are looking to pass something called cut, cap and balance. that cuts next year s spending, real cuts. and it caps spending over the next 10 years and it reduces the rate of growth in spending and scans it and increases the debt ceiling.