politics and they are moving on from new york city. well, you know, you could bet everything you have, practically, that it s not going to be in new york city. you know, i thought when the president started talking there, that he was sort of pleading with congress to bail him out of this situation. bret: that was from the youtube. that he got himself into and then he finally sort of went back to eric holder land. this whole thing has been just immensely naive. i mean, president obama thought that he could satisfy the civil libertarian and the nobel peace prize committee and all these people by closing guantanamo bay and trying these the killers in civilian courts and that sort of thing. and he has just discovered that he can t do it. some of these people are going to be held indefinitely forever because they can t be released. they are too dangerous to be released and they can t be tried. so then you have got some of them are going to be tried in military tribunals. others in
reporting about it also admitted you make a valid point. if you want to say this violates the basis on which this administration came into office and campaigned, fair enough, unquote. it was very surprising to have the administration actually admit that they had violated a key campaign pledge. i think that no bid contracts by the government are always a bad idea. a spokesman for senator clair mccaskill, the missouri democrat who chair as subcommittee on government contracting told fox news today she is continuing to investigate the circumstances behind this contract. in washington, james rosen, fox news. bret: we ll take a look at the president s budget and the massive federal spending with the fox all stars. that starts in three minutes. vernon, texas a town where business is person. a health mart town where second generation pharmacist, terry spears owns hishealt. here terry offers free one on one diabetes sessions, providing information to customers in a way tt
because if the hard earned tax dollars can be treated like monopoly money. the president is going to have to be consistent and clear. he can t spend big part of his state of the union talking about more spending programs and then say that we re we have got a serious deficit problem. bret: the president, the administration submitted a 3. trillion-dollar budget proposal to congress today. that means the proposal has it at $1.6 trillion deficits for the following year. here is a quick breakdown of the numbers. the receipts are taxes are scheduled to rise from 14.8% of the gross domestic product of 2009 to 19.6% by 2020. outlays or spending scheduled to fall from 24.7 of the g.d.p. this past year to 23.7, g.d.p. in 2020. and the national debt is scheduled to rise from 53% of the gross domestic product in 2009 to 77.2% of g.d.p. in 2020.
has ever asked for. and then you look at that and you contrast that with the cuts. there is this 9-million-dollar national parks program preservation program, $9 million in grants it gave out last year. and they have the gull to put it on the web site as one of their tough choices they had to make. so i think that tells you all. the problem with the deficit is you you have you need growth. these numbers are so huge. he is going to try to tax down the deficit. he wants to put $2 trillion of taxes on industry and people and capital. bret: and let the bush tax cuts expire. let the bush tax cuts expire for wealthy people. many of them are small businesses as we know. that s not how you get deficits under control. bill clinton was helped in the 90 s because the economy improved and the economy helped us grow out of those deficits. you have to you have to be doing policies that help growth in order to bring revenue in. you can t just cut.
100 billion as a result of obama care. that s a fictional saving of a plan that s not going to happen anyway. gives you an example of how out there this whole projection is. realistic projection is it s going to be 100% of the g.d.p., which means we are either going to have a run on the dollar or have hyper inflation or we are going to have catastrophically high interest rates. and either all three of them will destroy the economy. bret: i want to talk quickly about the president talking frequently about how he inherited this deficit 1.2 trillion and that is true. of course, it came from a democratic controlled congress as well since 2006. here is the president on two specifics pointing back to the bush administration today. over the course of the past 10 years, the previous administration and previous congresses created an expensive new drug program, passed massive tax cuts for the wealthy, and funded two wars without paying