Will Gov't Rein In Spending?

" Well country's deficit is one of the hot button issues on the minds of voters today and it's also -- the president's budget director Peter Orszag who expressed concern about it in his speech today take a listen. After years of failing to abide by the simple principle that you should pay for what you spend the administration has proposed statutory pays you go. Legislation. Otherwise known as -- This in bodies that simple principle that when you propose a new tax -- very new spending program you should offset its costs. A principle that we are abiding by with regard to health reform."

" Legislation. Now what Washington really try to rein in spending joining us now representative Carolyn. Kilpatrick of Michigan congresswoman thank you so much for coming in appreciate. Good afternoon good to be with you now the president says that the health care spending bill alone let's not talk about cap and trade but just health care alone will not add one done in the deficit frankly that is a really tough sell with the American. Public the people according all the polls. Don't buy it how do you make that sell."

" As an appropriate here and that's -- sit on this three trillion dollar budget he's absolutely correct. Our bill is coming in under 900 billion dollars our bill will save thirty billion dollars for the deficit. To reduce the deficit over ten years as we come out the door to a 104 billion dollar."

" I think people don't why haven't heard a moment that people don't -- out his sound all you're doing is coming out with -- numbers that we heard about projections and how do you sell it to the public. That you guys are the wrong we are going to save money -- us well."

" We have information we have our congressional -- budget office which is a nonpartisan office and it's our job to sell back in with you they don't believe us right now. As we will have bailout as we talk more about. What's covered what what a waste fraud and Bruce will be taken out what duplication would coordination will be added they'll see of the movement out it's a did bill that's going to both the house Anderson."

" Our congress and even the CBO and Democrats. In congress know that the US debt. It's going to explode and over the next ten years extent we're going to be adding every year for the next ten years equivalent of the GDP of Canada now why would foreign investors. Invest in US debt when they know that the US is not going to balance the budget over the next ten years."

" The US is on the course of balancing its budget. We as in the congress as well as president Barack Obama are committed to that -- the treasury default. Pay as you go there will be no more programs that aren't paid for it in at the same time we inherited a a deficit out of order people unemployed. I'm not going out of business I don't -- that you have to you have to consider."

" The American some good points here but congress and and blame bush is that makes for a nice bumper sticker. This administration is that a marine point four trillion and a budget and also the fact remains that the health reform bill as it's being -- now is going north at 900 billion dollars and picked up by the way last time you -- even Nancy Pelosi violated -- fourteen times to enact new spending so apparently voters even now the --"

" All day we cannot go beyond pay go yeah I think they've gone for you kinda you -- let me talk to make sure I don't got no pay go is a law you cannot go spend more than -- that's number one. The health care bill is paid for ultimately paid for -- not one dime. Into the deficit and further. Thirty billion dollars will be. It's to the deficit to reduce the deficit over ten years as well as as we pass this bill and it and -- go with the house and senate. We're going to save a hundred billion dollars immediately thirty billion on the opinions and reduce the deficit if I adapt to get out and let Americans know."

" With you I had dinner on your figures turn out to be right."

" I will take you to neophyte --"

" Aren't because it's you know CBO came out of all sides are wrong projections about how much Medicare work that would cause they were off by a factor of ten --"

" Thank congressman -- muted in -- what's your favorite restaurant. Okay outlook to about that this February NBC will make it easy flow out of everybody's gotten that the American people now help is on its way put national. 96%. People will be covered. 36 million people get insurance immediately and it's painful and not one dime to the death Carolyn. Kilpatrick thank you so much for accommodated joining us congress will merely that you have been taking a little bit."