can i put in camera in your face? he said no, excuse me. he s a great american. i don t agree with him on every issue. but let me tell you something, 10 billion dollars more that we re going to owe. what he s saying, is stop the political establishment for just piling up these debts. let them identify where they re gonna get the money. you know where you can get the money? the tarp fund. how about the auto bailout funds coming back. take the 10 billion dollar. no, they want to use that money, for what? their own political hiring. he s made a valid argument. congress passes budgetary mechanism called pay-go and never enforced it. here you are the liberals love this idea, but they re not restraining spending. they are saying with every new spending initiative it is an emergency spending. we can t use money from the
can i put in camera in your face? he said no, excuse me. he s a great american. i don t agree with him on every issue. but let me tell you something, 10 billion dollars more that we re going to owe. what he s saying, is stop the political establishment for just piling up these debts. let them identify where they re gonna get the money. you know where you can get the money? the tarp fund. how about the auto bailout funds coming back. take the 10 billion dollar. no, they want to use that money, for what? their own political hiring. he s made a valid argument. congress passes budgetary mechanism called pay-go and never enforced it. here you are the liberals love this idea, but they re not restraining spending. they are saying with every new spending initiative it is an emergency spending. we can t use money from the
sent us here to deal with the problems we face in our country. over the last year the republicans stood on principle against the policieses we disagree coming out of the administration and congress. each time we offered what we thought were the bert solution. solutions ruined in the republican principles of empowering people and making sure we keep freedom in america. we do have big problems that we have to resolve. if you take the spending commission that the president wants to put together, he doesn t want to put it together in a bipartisan way. he wants to stack a deck neil: you call it a spending initiative, which is what ticks them off. you have call it a spending commission. they call it de deficit commission. it s a cover for raising taxes. the last thing that the economy needs are tax increases. when we got the budget balanced in the late 90s, we
last couple of days since obama started rolling out the plans nothing is going to happen before the election. there is no way that congress is going come back and manage to get any of this stuff through. even have some democrats including michael bennett, the senator from ohio who said that he would vote against an infrastructure plan if obama proposed it. i don t think dems want anything like this to pass before the election. i think republicans are satisfied with the status quo for now as well. i think you re right about that. a standoff going here. always a pleasure. thanks so much. thanks. my next guest not fond of the stimulus spending plan in particular. what do you make of the president s spending initiative here? trying to get a price tag on the man, very difficult to do. the spending part of it is at least $50 billion. probably tens of billions more. hard to quantify. you are saying no more of that.
and approve decisions made by banks. neil: they say by the way, it s the unemployment extension they re voting on. this has been approved. bottom line, both unemployment and with this spending initiative for financial reform, they say it won t add to the deficit. it will increase the cost of credit, it raises taxes and it s a huge, huge increase in the deficit. and it allows the government to bail out more, instead of stopping the bailouts. if a financial institution like aig gets in trouble, they can come in and borrow and leverage against 90% of the assets of that institution. that s neil: e. neil: by the way, freddie and fannie, the original culprits in this, are not even part of this whole thing.