drastic tax cuts. as you know, there s no health reform being passed. based on that, they have to go back and recalibrate and see how much it s going to congress, what is the baseline budget going to be for whatever plan they re coming with. so i would say this: they may call it business as usual. i like sean spicer a lot, a good guy. but i m telling you, it can t be business as usual given the fact that the healthcare plan did not pass and those savings from healthcare cannot be computed inside the budget, which is a big part of what his tax plan will look like. so you have to wonder if it doesn t materialize this year, next year is problematic. and the markets are predicated and turning sideways on the notion of 15% or more.
the difference is that he unlike the bush administration included cost of iraq and afghanistan as part of the budget. wife didn t they do that? bob: dana: it wasn t going be written in the defense department budget year after year. not something permanent. that is why they did it that way. president obama asked for more money than congress has given him. 3.5 increase in spending. inclusive of the program that you talked about. there were cuts across the board. president obama has not proposed that. democrats have not passed a budget in three-and-a-half, four years. bob: bush and his vice president, did they include the cost of those budgets, of those wars in that? dana: in the baseline budget, no. but for the reasons i just said. those are good reasons. you don t want to write it in the defense department budget so they never get cut. bob: always war in defense budget. dana: i don t know if that is right.
things done and when you don t have that leadership the natural pattern of you are system is to stop. even when they talk about $1.2 trillion, they are only talking about a reduction in the rate of increase and we are baseline budgeting, which all the years we project out in terms of spending, they are projected increases of 7, 8, 9% a year. for example, connie mack, who i know you know from florida, he is suggesting, okay, let s cut one penny of every dollar. it s the penny plan. and we will freeze spending 2011 levels, cut one anyone out of every dollar and do it for six years, 18% of gdp for two more years and you have a balanced budget. good idea? it s exactly going in the right direction. one of the thirst things we should do is have dual budgeting u get a straight line budget that said this is how much you spent this year and if it goes up it is called going up and you keep the baseline budget because it would be pretty hard to drop it in the short run. but you need to see a
that thinks through how to get things done and when you don t have that leadership the natural pattern of you are system is to stop. even when they talk about $1.2 trillion, they are only talking about a reduction in the rate of increase and we are baseline budgeting, which all the years we project out in terms of spending, they are projected increases of 7, 8, 9% a year. for example, connie mack, who i know you know from florida, he is suggesting, okay, let s cut one penny of every dollar. it s the penny plan. and we will freeze spending 2011 levels, cut one anyone out of every dollar and do it for six years, 18% of gdp for two more years and you have a balanced budget. good idea? it s exactly going in the right direction. one of the thirst things we should do is have dual budgeting u get a straight line budget that said this is how much you spent this year and if it goes up it is called going up and you keep the baseline budget because it would be pretty hard to drop it in the sh
generations with that debt. the super committee, maybe they will come up with $1.2 trillion in cuts but they aren t dealing with baseline budget. even the fed said the chance of a new recession tops 50 percent. what is the answer? how do we get congress really to adopt bold responsible programs instead of basically playing the old washington insider game and just punching around the edges here? there are two fundamental things. number one we have to win an election. people that believe in limited government and believe government should be making it easier, not harder to create jobs in america, we need more people like that elected in 2012. but that election is not until november of next year and people are hurting right now. in the interim i think we need to do the best we can without doing any further marm the way the administration would have us do through some of their ideas. what i have basically done, i have sat down with a democrat, with senator coons of delaware and i have id