every year we go up in increased spending 7, 8% a year, is that right senator thune? in the entitlement programs that probably is right. that s why we have to get entitlement reform undertaken. sean: we passed a bill that says we live within the 2011 budget. in other words, this year s budget, which is 1.65 trillion that we didn t take in. we are going to live within that budget for the next six years and decrease it every year just 1%. can you not find a way to manage the deficit and the debt and get our country off risking its aaa bond rating that way? absolutely we could do that. it would be reasonable. it would be the kind of steady step-by-step process that could lead us to a balanced budget. it won t be easy. that s most significant than it might appear. but it is doughable. and that kind of thing and that but it is doable.
as the eye can see, correct? every year we go up in increased spending 7, 8% a year, is that right senator thune? in the entitlement programs that probably is right. that s why we have to get entitlement reform undertaken. sean: we passed a bill that says we live within the 2011 budget. in other words, this year s budget, which is 1.65 trillion that we didn t take in. we are going to live within that budget for the next six years and decrease it every year just 1%. can you not find a way to manage the deficit and the debt and get our country off risking its aaa bond rating that way? absolutely we could do that. it would be reasonable. it would be the kind of steady step-by-step process that could lead us to a balanced budget. it won t be easy. that s most significant than it might appear. but it is doughable. and that kind of thing and that but it is doable.
every year we go up in increased spending 7, 8% a year, is that right senator thune? in the entitlement programs that probably is right. that s why we have to get entitlement reform undertaken. sean: we passed a bill that says we live within the 2011 budget. in other words, this year s budget, which is 1.65 trillion that we didn t take in. we are going to live within that budget for the next six years and decrease it every year just 1%. can you not find a way to manage the deficit and the debt and get our country off risking its aaa bond rating that way? absolutely we could do that. it would be reasonable. it would be the kind of steady step-by-step process that could lead us to a balanced budget. it won t be easy. that s most significant than it might appear. but it is doughable. and that kind of thing and that but it is doable.
as the eye can see, correct? every year we go up in increased spending 7, 8% a year, is that right senator thune? in the entitlement programs that probably is right. that s why we have to get entitlement reform undertaken. sean: we passed a bill that says we live within the 2011 budget. in other words, this year s budget, which is 1.65 trillion that we didn t take in. we are going to live within that budget for the next six years and decrease it every year just 1%. can you not find a way to manage the deficit and the debt and get our country off risking its aaa bond rating that way? absolutely we could do that. it would be reasonable. it would be the kind of steady step-by-step process that could lead us to a balanced budget. it won t be easy. that s most significant than it might appear. but it is doughable. and that kind of thing and that but it is doable.
been feeling? they also look at the fact that more than 14 million of our fellow americans don t have a job today. i don t think there are a whole lot of economists in the world who think that in a recession and while the experts might say there s no recession, if you are one of those 14 million, you are in a person of recession and not depression. the way to create jobs is to race stakzs on small businesses. it s not the right thing to do. we can agree what about on people who make over $1 million a year? i don t think that s that s wonderful rhetoric. we re only going to tax them. that is not going to happen. a significant impact on the deficit at all. the fact is we are spending $1.65 trillion, trillion with a t, more this year than we take in. if we took every nickel people over who made more than $1 million a year earned from them, we wouldn t balance the budget over the course of the next ten years. it is not the solution. the solution is to reduce government spending