WE'RE UP STILL IN THE GREEN.
24,784 IS THE LEVEL, WITH THE
MAJORITY OF DOW 30 STOCKS WITHIN
THE GREEN.
WITH ALL THIS TALK OF SPENDING,
BUDGET, NO REAL NEED TO BALANCE
THE BUDGET SO IT SEEMS, WE WANT
TO KNOW WHAT HAPPENED TO THAT
PARTY OF FISCAL CONSERVATIVES,
REMEMBER THEM?
DEFICIT HAWKS ARE UP IN ARMS
AFTER THE PRESIDENT RELEASED HIS
4 TRILLION-DOLLAR BUDGET PLAN
THIS WEEK.
DAYS AFTER CONGRESS PASSED A
400 BILLION-DOLLAR SPENDING PLAN
AND 1 1/2 TRILLION DOLLARS IN
TAX CUTS.
>> THE SWAMP WON AND THE
AMERICAN TAXPAYER LOST.
HERE'S THE FRUSTRATING THING.
WE WERE SO POISED TO WIN.
THREE WEEKS AGO WE SENT A BILL
TO THE SENATE.
CHUCK SCHUMER SHOULD DOWN THE
GOVERNMENT, DIDN'T PAY OUR
TROOPS.
HE SAID AMNESTY WAS MORE
IMPORTANT.
OUR LEADERSHIP SAID, NO, NO, DO
WHAT WASHINGTON ALWAYS DOES.
LET'S SPEND MORE ON EVERYTHING,
GROW GOVERNMENT.
GIVE IN THE DEMOCRATS, INSTEAD
OF FIGHTING, STAND FIRM TO DO
WHAT THE PEOPLE ELECTED US TO
DO.
TRISH: JOINING ME REPUBLICAN
CONGRESSMAN ANDY BIGGS OF
ARIZONA.
CONGRESSMAN, IS JIM JORDAN
RIGHT?
>> YEAH I THINK HE IS RIGHT AND
THE PEOPLE THAT I TALK TO OVER
THE WEEKEND AFTER THAT BILL
PASSED, THEY'RE INCENSED.
THEY'RE OUTRAGED.
I'M OUTRAGED.
QUITE FRANKLY THERE IS A REASON
TO BE OUTRAGED.
THERE IS NO WAY WE SHOULD HAVE
LOST THIS BATTLE.
TO THINK WE'RE, WE'RE BALLOONING
THIS DEFICIT THIS, STRUCTURAL
DEFICIT FOR THE YEAR.
WE'RE BALLOONING OUR NATIONAL
DEBT.
IT IS A UNSUSTAINABLE.
IT ALL COULD BE AVOIDED AND
SHOULD HAVE BEEN AVOIDED IN THIS
MOST RECENT ROUND.
TRISH: WHY WASN'T IT?
>> YOU KNOW, NO ONE KNOWS THAT
YET.
THE SENATE IS GOING TO CLAIM
THEY HAD THE 60 VOTE RULE AND
THEY COULDN'T GET 60 VOTES.
MY POSITION WOULD BE TO CHANGE
THE RULE TO GET 51 VOTES, PASS
SOMETHING FISCALLY RESPONSIBLE
FOR THE AMERICAN PEOPLE.
DON'T KEEP DIGGING THE HOLE.
WE REACHED THE BOTTOM.
TIME TO STOP DIGGING AND START
FILLING IT IN.
TRISH: IT IS INTERESTING, YOU
THINK ABOUT THE TEA PARTY
MOVEMENT BASED ON THIS IDEA THAT
WE NEEDED MORE FISCAL
RESPONSIBILITY IN WASHINGTON AND
WE COMPLETELY LACKED IT.
BUT THEN YOU LOOK AT THE SUCCESS
OF DONALD TRUMP.
HE HAD SOME WONDERFUL ECONOMIC
POLICIES THAT HE HAS PUT INTO
PLACE WITH LESS REGULATION, TAX
REFORM, NOT PERFECT.
YOU KNOW, I HAVE KIND OF MADE MY
PEACE WITH THAT AS THE VIEWER
WELL KNOWS.
NOT PERFECT BUT HELPFUL.
AND YET, YOU KNOW IS SOMEONE WHO
HASN'T EVER REALLY WORRIED ABOUT
DEBT.
HE MADE A CAREER USING DEBT TO
HIS ADVANTAGE.
MAYBE HE IS NOT AS INTERESTED.
AND SO, IS IT CAUSING SOME
REPUBLICANS TO KIND OF RETHINK
THEIR TRADITIONAL VIEW OF DEBT
AS BAD?
>> WELL IT CERTAINLY NOT THE, IN
THE ECHO CHAMBER THAT I WORK
WITH HERE, NOT WITH MY
CONSTITUENTS, WE WANT THAT DEBT
TO GO AWAY.
WE WANT THE DEFICIT TO GO AWAY.
YOU CAN'T, YOU CAN'T BE AT 110%
OF GDP DEBT RATIO AND HOPE FOR
LONG-TERM ECONOMIC VIABILITY.
ANOTHER 10 POINTS WE'LL BECOME
GREECE.
TRISH: LET ME ASK YOU THIS.
ARE YOU WILLING TO MAKE THOSE
HARD CHOICES, OKAY, WE CAN'T DO
TAX REFORM RIGHT NOW BECAUSE WE
CAN'T AFFORD ISN'T.
>> WELL I THINK, LOOK I THINK
THAT TAX REFORM HAS GIVEN US
SOME GREAT GROWTH IN THE ECONOMY
WHICH WILL GIVE US LONG-TERM TAX
BENEFITS.
IT IS SPENDING PROBLEM.
WE HAD RECORD REVENUE EACH OF
THE LAST FOUR MONTHS BUT ONLY
ONE OF THOSE MONTHS DID WE
ACTUALLY COVER OUR SPENDING.
THE REST OF THE TIME WE DUG THE
HOLE ANOTHER 80, $100 BILLION.
I'M OKAY WITH THE TAX CUTS, BUT
IF YOU CUT THE TAXES FOR PETE'S
SAKE, CUT THE SPENDING.
OUR PROBLEM IS SPENDING.
WE'RE PROFLIGATE.
TRISH: I REMEMBER GETTING INTO
THIS ARGUMENT WITH OBAMA'S CHIEF
OF ECONOMIC ADVISORS.
HE SAW THIS, IF GDP WAS GROWING,
THE ECONOMY WAS GROWING, YOU
NEEDED SPENDING TO GO JUST AS
MUCH, IF IT DOESN'T GROW JUST AS
MUCH, EVEN IF IT WAS GROWING IT
WAS A CUTBACK IN SPENDING.
I THINK ALMOST, LOOK, WE OUGHT
TO BE WILLING TO CUT BACK IN
SPENDING.
WE DON'T NEED TO INDEX FOR
INFLATION, OUR SPENDING, JUST
BECAUSE THE ECONOMY IS GROWING.
DOESN'T MEAN WE NEED TO SPEND
THAT MUCH MORE.
LIKE A FAMILY, RIGHT.
IF YOU'RE FORTUNATE TO MAKE
MONEY ONE YEAR, DO YOU
COMPLETELY CHANGE YOUR SPENDING
HABITS AND LIVE TO THE MAX?
NO, YOU TRY TO REIN THAT
SPENDING IN.
THAT TAKES A LOT OF WILL.
>> WE HAVE LONG-RANGE THINGS AS
FAMILIES WE CARE ABOUT.
IT MAY BE COLLEGE, IT MAY BE
RETIREMENT.
IF WE GET MORE MONEY IN THE YEAR
WE'RE NOT OUT THERE BUYING,
SPENDING INSTEAD OF GOING TO
McDONALD'S, GOING TO A
HIGH-END RESTAURANT.
WE DON'T DO THAT.
WE BUDGET ACCORDING TO
LONG-RANGE PLANS.
HERE WE DON'T SEEM TO HAVE
LONG-RANGE PLANS.
SO I MEAN --
TRISH: TWO YEAR AND SIX-YEAR
PLAN.
IT IS GET ELECTED, GET ELECTED,
GET ELECTED.
>> I DON'T BUY INTO THAT TWO,
FOUR, 6'8", WHO DO WE APPRECIATE
TYPE OF THING.
WE NEED TO BE CUTTING SPENDING.
I AM SUPPLY SIDE GUY.
I BELIEVE REDUCING TAXES WILL
STIMULATE THE ECONOMY AND WE'LL
GET REVENUE.
THE OTHER SIDES KEEP INCREASING
SPENDING THEY'RE KEYNESIAN AT
HEART.
THEY BELIEVE IF YOU SPEND MORE
IN THE ECONOMY THAT WILL BUILD
IT UP.
I DON'T BUY INTO THAT I HAVE
NEVER SEEN IT WORK.
TRISH: I DON'T BUY IT EITHER.
IT DOESN'T NEED TO BE POLITICAL
IN MY VIEW.
JFK CUT TAXES.
THIS DOESN'T HAVE TO BE A
PARTISAN ISSUE.
BUT YOU NEED TO GIVE AS MUCH
MONEY TO THE PEOPLE AND LET THEM
SPEND IT ACCORDINGLY AS OPPOSED
TO PUTTING MORE AND MORE INTO
THE HANDS OF GOVERNMENT.
I'M ALL FOR THAT.