The house selects Newt Gingrich as speaker of the house. [applause] [applause] ladies and gentlemen of the house, i first want to thank my democratic colleagues for their support and confidence. I noted that we were a little short. I appreciate your friendship and support. As you might imagine, this is not a moment that i had been waiting for. [laughter] when you carry the mantle of progress, there is precious little glory and defeat. Sometimes we spend so much time labeling the losers, we lose sight of the victory that we all share in this crown jewel of democracy. You see, mr. Speaker, this is a day to celebrate a power that belongs not to any political party, but the people. No matter the margin, no matter the majority. All across the world, from bosnia to chechnya, to south africa, people lay down their lives for the kind of voice that we take for granted. Too often the transfer of power is an act of pain and carnage. Not one of peace and decency. Here in the house of representativ
85 of the projected growth in spending over the next decade is driven by health care and retirement entitlements and interest on the debt. So thats where reforms need to target. To balance the budget before the end of the decade, we saw in the last house budget, it takes more than 5 trillion in cuts. That is assuming you start cutting right away. If you decide to cut in future years and not address spending next year, it takes bigger cuts to get to that ballpoint. So the sooner lawmakers can start cutting, the better. Where exactly should they start . Repealing obama care has to be their First Priority simply because 44 of the growth in sbiltsment spending is driven by the health care law. So if we are to rein in growing spending and debt obama care is where we need to start. This needs to be combined with reforms to Medicare Medicaid, and Social Security. During this process, lawmakers should be guided by focusing benefits on those individuals with the greatest need and delivering tho
Its entirety. 2. 6 trillion is medicare, medicaid, Social Security and interest on the debt. Interest on the debt by the way is scheduled to approach 1 trillion within a tenyear period of time, within the budget window. All of that money we cant use for something else. So 3. 6 is the big number and 2. 6 is what we spent for the debt and right around a trillion for Everything Else. So when you think about the federal government and you think about roads and energy and education and National Defense and all of the kinds of things legislative branch and commerce, Everything Else except for medicare, medicaid and Social Security and interest on the debt, you are all a bright audience and you know weve had deficits of greater than a trillion for the laxt six years which means you can do away with the entire government with the exception of medicare, medicaid and Social Security. And if you get rid of everything, in those four years we wouldnt even balance the budget. So that is the magnitud
We can get independent people who know what they are doing and who know math. They can report on whats going on here. And they dont have lets say they are immune to political pressure. We got to get reality. We are not going to get it from internal personnel. Lets get around them and get the people who will tell us the truth. The br real estate cht commission is intended to be independent of government but i think the gao and the Inspector General raldz are actually doing a very good job identifying areas for improvement ideaing ideas for manage yearlying improvement. The problem is those xwrochltsdz rarely get made. To the extent that congressional action is necessary to make some of these changes. There is very little glory in eliminating a program, especially if people face layoffs. There is less glory in that. To some extent, its not that we dont know where to cut, that we dont know which programs work and which ones dont. We do have some Good Government reports that help guide tho
Developing story after one week of searching not a single solid clue has come to light in the disappearance of that malaysian airliner. Tonight blurting out new evidence about whatever happened to that plane it was not an accident. chad myers with the question many people are asking. The plane with to audit the nine people aboard disappeared less than one hour before its flight had taken off. Near times of the analysis of the data indicates someone is flying the plane. the above its normal flying altitude here. Shortly after that its down on its 20,000 the which is below its normal altitude. All this is all happening its changing directions. The officials told people the plane and about one in two directions north to that and i and airlines. Where the navy launch air and sea search. Or south of the indonesian island itself so much aware to do if we go in missile destroyer uss kidd. Some of the Service Comes from all those of passengers to. the plant may have been brought on when lithiu