show you a rough breakdown of the federal budget. roughly 17% included the spending freeze. this is the frozen amount here. this is social security. that s not frozen. medicare, medicaid, other mandatory programs from here to here, you can t touch anything. here is the net interest. here is your disaster cost. this is what the discretionary this is turtle tunnels here. this is frozen. that is 83%. from here to here, 83% to balloon out of control can. all of the non-frozen areas are going to increase. what about the $787 billion we borrowed for the stimulus? the interest on our debt alone will send us into a tail spin in the coming years. according to government estimates, for 2011, our net interest on our federal debt is roughly $250 billion. by 2016, it s $627 billion.
by allies like bill clinton they say our problem is not passing something in the form of healthcare it s failing to pass healthcare reform. they convince themselves all they need to do is pass it and they will get good things by the fall. it hasn t been explained well if they explain it to the american people it will be okay. that miss reads what s going on. they have an information rich environment in which lots of people came to independent judgment about what they see and hear and know about this bill and they don t like it particularly the way it was written. also it s cost, it s intrusion what it will do to medicare and medicaid and what it will kout down on quality care. do you see any moderating of this president or is it ridged ideology to the very end even if he s one term obama? i think they think that they are showing ideological dexterity by emphasizing the spending freeze and by saying they are going to work on reducing the deficit. realize american people are not dumb
clinton said, look, our problem is not passing something into the form of health care. it s failing to pass reform. and they have convinced themselves all they need to do is pass it. and it hasn t been explained well enough. they explain it better than american people they ll be okay but that misread what s is going on there. is an information-rich environment pechl have come to independent judgment about what they see, hear and know about this bill sch z.they don t like it. also cost and what it will do to medicare and medicaid. do you see any moderating of this president? is it just rigid ideology to the end, if he s a if he s one term obama? i think they re showing ideology but emphasizing a spending freeze and saying they re going work to on reducing the deficit. the american people are not dumb. they have increased domestic spending from $530 bill wrin
billion out that much faster. but then i think what we ve learned from the criticism of this first stimulus, the most recent stimulus, is if you re going to do it, it s got to be targeted, targeted, targeted on infrastructure. a dollar spent will get you more back than what you would do if you do keep the bush tax cuts in. my real concern is just the rest of the world. the question is, can america do it alone? i think christine romer is right that the american jobs market is starting to heal. but if you start to see real flatness in the rest of the world, it s going to be really tough. we ll leave it there. the president says it s time for a serious spending freeze, but even as the massive stimulus continues to trickle out, there are plans for billions more of your dollars to be spent on job creation and small business loans. is this the best way and the best time to spend your taxpayer dollars? singer: was getting depressed cause of all of the stress i was feeling at home
restraint, we have to make, washington start walking the walk. after putting us on a track to quadruple the deficit, the proposed spending freeze is maybe a start. as represent john thune said, it is like pudding a band aid on a gunshot wound. we have to axe the plans for a second stimulus when the first hasn t even be measured for any success yet. kill the plans for the second stimulus and be aware that now that second stimulus is being referred to as a jobs bill. these aren t the only ways to rein in spending and they will not be enough to tackle the same debt and deficits that we face but they are a good way to start and show that we are serious about getting our financial house in order. like a lot of you perhaps i