memo. for the first time in four years, the senate has put forth a budget proposal. it s impossible to explain so i won t even try. but i can give you some specific data from it. the first thing is the president obama and the democratic party claim they re cutting almost $3 trillion out of the deficit. but what they don t tell you is that is over a 10-year period. i think what s important to recognize is that we have already cut 2.5, $2.7 trillion out of the deficit if the sequester stays in you have got over $3.5 trillion of deficit reduction already. so we don t have an immediate crisis in terms of debt. in fact, for the next 10 years, it s going to be an n. a sustainable place. bill: wow. with all due respect few economists agree with the president that a debt heading toward $20 trillion can, quote. sustainable. in fact, there have been no real cuts. democrats are just slowing
for the first time in four years, the senate has put forth a budget proposal. it s impossible to explain so i won t even try. but i can give you some specific data from it. the first thing is the president obama and the democratic party claim they re cutting almost $3 trillion out of the deficit. but what they don t tell you is that is over a 10-year period. i think what s important to recognize is that we have already cut 2.5, $2.7 trillion out of the deficit if the sequester stays in you have got over $3.5 trillion of deficit reduction already. so we don t have an immediate crisis in terms of debt. in fact, for the next 10 years, it s going to be an n. a sustainable place. bill: wow. with all due respect few economists agree with the president that a debt heading toward $20 trillion can, quote. sustainable. in fact, there have been no real cuts. democrats are just slowing
farther out there when it comes to demanding the tax increases and limiting any changes to entitlements or any cuts in spending. megyn: they don t want any, stu and the argument on their part is you don t go after people on medicaid, after seniors who depend on social security and medicare, make some defense cuts if you have to but we d rather just see the rich get taxed and the near rich get taxed if we have to do that. the numbers do not add up, the left is being fundamentally dishonest. they are saying you don t have to cut social security or medicare or medicaid to get the deficit down, all you ve got to do is tax the rich some more. they are recklessly suggesting that we go deeper and deeper and deeper into debt heading towards bankruptcy. the numbers, megyn are stunning. we have an unfunded liability for medicare of $42 trillion. an unfunded liability for social security of $20 trillion.
world a safer place and make people in this country more confident that their future is secure. i also want to make sure that we get this economy going. and there are two very different paths the country can take. one is a path represented by the president which at the end of four years would mean we would have $20 trillion in debt heading towards greece. i will get us on track to a balanced budget. the president s path will mean continuing declining in take home pay. i want to make sure our take home pay turns around and starts to grow. the president s path means 20 million people out of work struggling for a good job. i will get people back to work with 12 million new jobs. i am going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. america is going to come back and for that to happen, we re going to have to have a president to can work across the aisle. i was in a state where my legislature was 87% democrat. i learned how t
world a safer place and make people in this country more confident that their future is secure. i also want to make sure that we get this economy going. and there are two very different paths the country can take. one is a path represented by the president which at the end of four years would mean we would have $20 trillion in debt heading towards greece. i will get us on track to a balanced budget. the president s path will mean continuing declining in take home pay. i want to make sure our take home pay turns around and starts to grow. the president s path means 20 million people out of work struggling for a good job. i will get people back to work with 12 million new jobs. i am going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. america is going to come back and for that to happen, we re going to have to have a president to can work across the aisle. i was in a state where my legislature was 87% democrat. i learned how t