House passes two-year budget deal that boosts government spending

House passes two-year budget deal that boosts government spending


PARTSINEVELOS, GARY KALTBAUM AND GARY B. SMITH, WHO IS HERE IN NEW YORK. THIS BILL WOULD BOOST GOVERNMENT SPENDING BY $320 BILLION OVER AN ALREADY HUGE AMOUNT OF MONEY. WHAT DO YOU THINK OF IT?>>WELL, I’M SO HAPPY TODAY. YOU KNOW, LET ME JUST SAY THIS IN ALL SERIOUS. I THINK WE NEED TO HAVE LIKE A TWO MILLION PERSON MARCH ON CAPITOL HILL TO LET THESE PEOPLE KNOW WHAT WE THINK. BASICALLY, THE FUTURE IS BEING DESTROYED AND I DON’T KNOW WHETHER IT’S 20 YEARS, 10 YEARS, 5 YEARS, I DON’T KNOW WHAT NUMBER IT’S GOING TO BE BUT EVENTUALLY THE BOND MARKET’S GOING TO CRASH TO ACCOUNT FOR ALL THIS DEBT WHICH MEANS THE STOCK MARKET WILL CRASH WHICH MEANS THE ECONOMY’S GOING TO CRASH AND EACH PARTY WILL BLAME EACH OTHER AND GUESS WHO WILL DO THE BAILING OUT? WE WILL. IT IS A CESSPOOL BROUGHT TO US BY THE SOCIALISTS AND WHAT I CALL THE REPUBLIC-CONS THAT CONTINUE TO B.S. US ON THE SIZE OF GOVERNMENT AND WHAT THEY WILL DO GOING FORWARD.>>WOW. I DON’T KNOW HOW TO FOLLOW UP WITH THAT.>>YOU CAN’T.>>BUT $320 BILLION IN SPENDING AND IT’S ONLY GOING TO BE OFFSET BY $75 BILLION WHICH WOULD ONLY COME INTO EFFECT OVER THE NEXT DECADE OR SO, SO THAT’S WORRISOME. I WANT TO PIVOT JUST TO A COMMENT WE GOT FROM THE KOCH BROTHERS CONSERVATIVE FREEDOMS GROUP THAT CAME OUT WITH THIS WARNING YOU ARE SEEING ON THE SCREEN. REPUBLICANS WHO GO ALONG WITH THIS BUDGET DEAL WILL LOSE ALL CREDIBILITY ON SPENDING. THIS BUDGET DEAL IS LUDICROUS. THE GOP HAS BEEN MISLEADING THE AMERICAN PUBLIC ON SPENDING FOR YEARS NOW. YEAH, THEY TALK A GREAT GAME ON THE CAMPAIGN TRAIL BUT WHEN IT’S CRUNCH TIME, THEY FOLD.>>WELL, HERE’S THE REAL QUESTION. WHERE DOES GARY K. STAND ON ALL THIS? DAVID: REAL SUBTLE.>>IT’S BAFFLING TO ME. THE GUY ALWAYS WAFFLES ON THIS.>>YOU DON’T DISAGREE WITH ME.>>I AGREE 100%. I WILL PUT SOME — YOU SAID WHEN ARE WE GOING TO START FEELING THE EFFECTS OF THIS. WELL, LET’S SEE. WE’LL HAVE DEBT HELD BY THE PUBLIC 100% OF GDP WITHIN TEN YEARS. WE’LL HAVE INTEREST ON THE DEBT EQUAL TO DEFENSE SPENDING IN FIVE YEARS. WE’LL BE PAYING AS MUCH ON INTEREST AS WE DO FOR F-14s, CARRIERS. AS GARY K. SAID, YOU CAN MAGNIFY HIS FEELINGS ON THIS. WE ARE JUST PASSING THIS ALONG TO KRISTINA’S GRANDCHILDREN.>>I HAVE THAT IN MY NOTES. I’M THE ONLY ONE WITH NO CHILDREN HERE.>>I’M SORRY.>>I’M NOT EVEN MARRIED.>>WE HAVE A BIG ANNOUNCEMENT. NO. DAVID: JONATHAN, I KNOW YOU ARE DYING TO GET IN BUT WE HAVE A CONGRESSMAN WAITING TO GET IN. WE WANT REPUBLICAN CONGRESSMAN MACK THORNBERRY TO COME IN. HE JUST VOTED IN FAVOR OF THE BILL AND JOINS US NOW. I DON’T KNOW IF YOU JUST HEARD FREEDOM WORKS AND A LOT OF FISCAL CONSERVATIVES ARE MAD AS HELL. THEY SAY YOU ARE VIOLATING A COMMITMENT TO LIMITED GOVERNMENT BY VOTING IN FAVOR OF THIS BILL. WHAT’S YOUR RESPONSE?>>I THINK THE CONCERNS ABOUT THE DEBT ARE ABSOLUTELY LEGITIMATE AND ABSOLUTELY TRUE. DAVID: SO WHY DID YOU VOTE FOR THE BILL?>>WHAT HAS BEEN MISUNDERSTOOD IS WHAT THIS BILL DOES. IT ACTUALLY INCREASES SPENDING $49 BILLION FROM THIS YEAR TO NEXT YEAR, AND 22 OF THAT GOES TO DEFENSE. IF YOU STEP BACK AND LOOK AND COMPARE DEFENSE SPENDING IN 2010 AND DEFENSE SPENDING THIS YEAR, IT IS UP .27%. IF COUNT INFLATION, IT’S ACTUALLY DOWN 17%. SO ONE OF THE BIG MISUNDERSTANDINGS IS THAT SOMEHOW THIS INCREASES SPENDING BY $300 BILLION. IT’S $300 BILLION OVER SEQUESTER, WHICH WOULD NEVER HAVE OCCURRED. THE OTHER BIG MISUNDERSTANDING IS THIS IS THE BUDGET. NO, THIS IS LESS THAN 30% OF THE BUDGET, 70% OF THE BUDGET WHERE ALL THE INCREASE HAS TAKEN PLACE IS MANDATORY SPENDING, AND ANYBODY WHO COMPLAINS ABOUT US NOT DEALING WITH MANDATORY SPENDING IS EXACTLY RIGHT. THAT’S WHAT’S GOING UP, AND THAT’S WHAT’S DRIVING THE DEBT.>>CONGRESSMAN, SPENDING SIMPLY HAS NOT BEEN CUT. YOU HAVE BEEN IN CONGRESS FOR QUITE A LONG TIME. I MEAN, HAS THE GOP ESSENTIALLY ABANDONED THEIR MANTLE AS BEING FISCALLY CONSERVATIVE? YOU WERE A GREAT OPPOSITION PARTY UNDER OBAMA. THE SEQUESTER, ET CETERA, OPPOSING THAT SPENDING. NOW THAT YOU ARE IN POWER, EVERYONE FROM RUSH LIMBAUGH TO THE PRESIDENT HIMSELF WHO OPPOSED RAISING THE DEBT CEILING IN 2013, TO YOU IT SOUNDS LIKE, SIR, ARE HAPPY WITH THE SPENDING AND THE DEBT AND DEFICIT JUST GO UP AND UP AND UP. WHERE AM I WRONG?>>OF COURSE I’M NOT HAPPY. THE DEBT CEILING IS A REFLECTION OF THE SPENDING THAT HAS ALREADY OCCURRED. Y’ALL SHOULD KNOW THAT IF THE FEDERAL GOVERNMENT GETS IN A POSITION TO DEFAULT ON THE DEBT IT HAS ALREADY INCURRED, 70% PLUS OF WHICH IS MANDATORY SPENDING, WE REALLY DO HAVE AN ECONOMIC CRISIS. I WOULD SAY NUMBER ONE, REPUBLICANS IN THE HOUSE OF COURSE ARE NOT IN POWER. WE ARE IN THE MINORITY. NUMBER TWO, THE ONLY ENTITLEMENTS, MANDATORY SPENDING THAT HAVE BEEN REFORMED IN THE LAST 20 YEARS HAVE BEEN BECAUSE OF REPUBLICAN INITIATIVES. WE REFORMED FOOD STAMPS. THE HOUSE LAST YEAR, YEAR BEFORE LAST, REFORMED HEALTH CARE INCLUDING MEDICAID, WHICH FAILED IN THE SENATE BY ONE VOTE. SO IT IS ABSOLUTELY TRUE THAT THE BIG DRIVER OF THE DEBT HAS NOT BEEN REFORMED, THAT IS MANDATORY SPENDING PROGRAMS LIKE SOCIAL SECURITY, MEDICARE, MEDICAID, ET CETERA, THAT’S WHAT WE’VE GOT TO TACKLE IF WE ARE GOING TO BACK AWAY FROM THE DEBT AND SPENDING.>>CONGRESSMAN, LET ME ASK YOU A QUESTION. I AGREE WITH ALL YOU SAID ABOUT, YOU KNOW, REDUCING THE ENTITLEMENTS. LET’S GET INTO YOUR CAMP, DEFENSE SPENDING. THE DEFENSE BUDGET IS ONE OF THE BIGGEST COMPONENTS OUTSIDE ENTITLEMENT, IF NOT THE BIGGEST BUT AREN’T WE SPENDING, AREN’T WE REALLY FIGHTING OLD WARS? WORLD WAR II WARS? ISN’T MOST OF THE BUDGET GOING TO AIRCRAFT CARRIERS, F-14s, THINGS LIKE THAT, WHEN WE SHOULD BE PUTTING MOST OF THE BUDGET NOT INTO HARDWARE WHICH SOUNDS GOOD AND EVERY CONGRESSIONAL DISTRICT, I’M SURE YOURS LOVES IT, BUT INTO MORE CYBERSECURITY, THINGS LIKE THAT? I GUESS MY POINT IS DO WE REALLY NEED THAT BIG OF A BUDGET TO FIGHT THE CURRENT KIND OF WARS?>>THE ANSWER IS YES. WE DON’T BUY F-14s ANYMORE, BY THE WAY.>>YOU KNOW WHAT I MEANT.>>JUST TO CLARIFY.>>OKAY.>>HERE’S THE CHALLENGE. ABSOLUTELY, WE HAVE GOT TO FOCUS ON PURE COMPETITORS LIKE RUSSIA AND CHINA AND YOU’RE RIGHT, THAT INCLUDES CYBER, ARTIFICIAL INTELLIGENCE, HYPERSONICS, DIRECTED ENERGY WEAPONS, ALL OF THOSE THINGS. AT THE SAME TIME, TERRORISTS HAVE NOT GONE AWAY. WE CANNOT NEGLECT THE FACT THAT ISIS IS STILL PLOTTING AND PLANNING EVERY DAY AGAINST US AND THAT DOESN’T EVEN INCLUDE WHAT IRAN AND NORTH KOREA ARE DOING. WE HAVE TO PLAN FOR ALL OF THOSE THINGS. UNLIKE OTHER COUNTRIES, WE ACTUALLY PAY OUR PEOPLE, AND SO ABOUT A THIRD OF THE DEFENSE BUDGET GOES FOR PEOPLE, FOR SALARIES AND BENEFITS TO RECRUIT AND RETAIN THE TOP QUALITY MEN AND WOMEN AND THEIR FAMILIES WHO SERVE THE COUNTRY CURRENTLY. THEN A LOT OF WHAT WE HAVE BEEN DOING LATELY IS FIXING OUR STUFF, BECAUSE THE DEFENSE BUDGET WAS CUT BY 20%, STARTING IN 2010, WHEN YOU COUNT INFLATION, AND WE HAD TOO MANY PLANES THAT COULDN’T FLY, TOO MANY SHIPS THAT COULDN’T SAIL, REPAIR IS WHAT WE ARE FOCUSED ON NOW.>>YOU ARE FOCUSING ON DEFENSE WHICH IS GREAT. YOU MENTIONED $22 BILLION. LOOKING AT THE NUMBERS, WE SEE 65 REPUBLICANS DID VOTE YES FOR THIS BUDGET PASSING, YET 132 THAT VOTED NO. YOU WEREN’T AMONG THOSE 132. CAN YOU JUST TELL ME A LITTLE MORE ABOUT THE DYNAMICS GOING ON WITHIN YOUR PARTY IN TERMS OF VOTING FOR THIS?>>AS I MENTIONED AWHILE AGO, REPUBLICANS ARE A MINORITY IN THE HOUSE AND SO THERE IS A TEMPTATION TO VOTE NO. LOOK, THERE IS GOOD AND THERE IS BAD IN THIS BILL. FOR ME, I THINK DEFENSE IS THE FIRST JOB OF THE FEDERAL GOVERNMENT. I AM NOT WILLING TO SAY TO SOME PILOT OR HIS FAMILY I’M NOT GOING TO FIX YOUR PLANE BECAUSE NANCY PELOSI WANTED TO SPEND TOO MUCH ON EDUCATION OR LABOR OR SOME OTHER DOMESTIC PROGRAM.>>ARE THOSE YOUR ONLY PRIORITIES? SORRY TO INTERRUPT BUT IT SEEMS YOU ARE ONLY FOCUSING ON DEFENSE, THAT’S IT.>>DEFENSE IS THE FIRST JOB OF THE FEDERAL GOVERNMENT AND IT IS LITERALLY LIFE AND DEATH FOR THE MEN AND WOMEN WHO VOLUNTEER TO SERVE. ONE OTHER FACTOID. DEFENSE IS 15, 1-5% OF THE FEDERAL BUDGET. IT WAS ABOUT 50% IN JOHN KENNEDY’S DAY. I THINK IF WE ARE GOING TO SEND PEOPLE OUT ON MISSIONS WE OUGHT TO GIVE THEM THE BEST THIS COUNTRY CAN HAVE AND THAT’S

91 thoughts on “House passes two-year budget deal that boosts government spending

  1. We could save well over $100,000,000,000.00 each year by getting rid of illegals, but the Dems want their political pawns.

  2. We've got to take back the House ..and vote out the RINOS…
    Swamp is SWAMP. And the Koch brothers don't need to lecture anyone on policy. Hypocrites
    KAG 2020

  3. If the Democrats agreed to a Budget Deal, then there is a problem. Democrats just love spending others people's money.

  4. Defense budget reductions was the only good thing Obama did. No one except W. Bush has attempted to reform entitlements, and if Trump doesn't in his 2nd term America will face austerity after 2024.

  5. Thes guys sit and laugh while our cou try burns.. sorry everyone but its game over. We're gonna look like Venezuela in no time

  6. Big government gop fox news is waking up from the gop lies about they hate debt and deficit now a Republican President is adding so much debt and a 1 trillion deficit

  7. I was told that obama was killing this nation with the debt by the republicans now they are in the white house they dont care about the debt i hate the them trump is spending too much on these endless wars 800 billion on the military and the gop is saying that social programs is killing us while they increase military spending every month

  8. Name me any republican presidents ever cut spending or the deficit or balance the budget they are all talk and no action

  9. Hey this is a win something other then contempt of congress and resolutions condemning the president made it out of the house.

  10. To all the trump supporter do u like the way that the gop is spending our money and do u feel hurt from the lies they lied to everyone when obama was in office the gop really love to add to this debt sadly trump doesn't care either why haven't trump veto any spending bills yet the people will blame him for this debt where is the border wall in this 3 trillion dollar spending bill im not a trump supporter he said he would drain the swamp if they elected him waiting

  11. If we cut all spending to all Non citizens we could save alot of money and get rid of half all social programs that are just giveaways,basically kick the left out completely with all their scam programs. We need to support the military!

  12. The gop attacked obama for 8 years for adding ten trillion dollars of debt now they are in power they want to end the debt ceiling for 2 years and add 3 trillion dollars of new debt they are liars they wasnt fiscally responsible after all they love debt just like the democrats trump never veto any spending bills he is getting con with all this military spending with the military industrial complex wasting so much money while people is homeless and hungry

  13. Wall street idiot is blaming socialists when this is all Trump and the GOP. Look at history since, and including, Reagan every Republican president tanks the economy and every democratic president gets things back on track. Republicans are irresponsible liars.

  14. Democrats prepare ! Ur social programs will be cut by 25% within 2 years to start paying back the debt… Go get a job!!

  15. What???
    We the PEOPLE work 2 or 3 jobs, right????
    While, 45, family, friends and the government are living good off our tax money, right???
    We the PEOPLE need are taxes back, from 2016 until we THE PEOPLE can place the correct people into office..
    This administration has fell we THE PEOPLE…

  16. WUT??? Social Security is not an entitlement at all US citizens all paid into it and if they were not snakes Elderly would be getting 5k a month out of their own money put in if they live to 78. Many do not live that long

  17. Defense is NOT the first job of the federal government. The Nr 1 job is to keep the country running and make sure people have a roof over their heads and proper health. What is this guy on?

  18. The public is just waking up by the gop lying about their hate for debt and spending for years they are the ones who ended the clinton balance budget and surplus with george w bush years in the 2000s no republican ever talk about the bush years they love to talk about the Obama years when its time to cut spending in congress the gop always vote against any cuts

  19. Makes 25 trillions $ debt in next two years.Fed gone follow ECB near 0% interest rates .Next year negative interest rates.

  20. I dont understand the fixation with the military. no perspective. Economy is doing extremely well. My god.. Imagine if it crashed.

  21. Defence spending is enough 250 billions $ per year minimum operation.Not 750 billions per year on 800 military basis around the world.

  22. I think it's okay. Americans of all races work. White, black, Hispanic, Asian. This is welfare. It's the cost of welfare.

    You see Venezuela? I don't think so. Americans are working so hard. I think that makes a difference.

    Think about it. The German French don't work hard. When Americans produce two, they produce one.

    Americans work hard and get paid. And they consume. Companies make good money and they invest in research, development, innovation, and facilities.

    Money makes money.

    Because taxes are low, companies hire workers and have low minimum hourly rates, they don't have to raise product prices.

    There are Americans with low salaries and Americans with high salaries.

    So when products of various price ranges are produced, they're sold right away.

    That's OK. Companies make a lot of money, and with fewer regulations, they're developing fast. They're going to suck money out of the world. Don't worry about increasing the budget.

    The United States is pumping oil. Don't worry about it.

    Crucially, the U.S. hasn't even received money from China yet.

  23. This video is really exposing the gop lies about spending and debt we been con for too long the gop stands for nothing they love debt and spending its time to wake up

  24. Boost government spending? For WHAT? For a Congress, particularly the House, who does NOTHING for the American citizens?

  25. Fox business is really staring to sound good they are finally attacking the gop for there misleading of the debt and spending that they hate and they showed us that they loved debt all this time they have no right to ever criticize democrats on debt no more when the gop president added 3 trillion of debt

  26. Good! Time to balance it out with some taxes.

    oh wait! Everything got UNtaxed!

    Even Personal Airplane mechanics!
    Wait. Sorry. I mean they are Tax Deductible now.

    OOPSIE

  27. They cut taxes on the wealthy and spent almost a trillion dollar on military which cost trillions for all on this now the gop says that we have a debt problem and a big deficit we must cut all social programs and things that help the old and the disable i hate these guys they spent all the money now they want to balance the budget on the back of the poor what type of nation is this

  28. Only thing that disappoints me more is using the Lord’sname in vain!!!!I would recommend an apology to the Lord for both!!!

  29. No now let's just work for how about a balanced budget let cramping the style of the people in Washington I think so.
    You know it's so easy to spend other people's money

  30. That's okay. If you win first place, money will keep coming in. It's time to make American companies number one and spend a lot of money. Americans work hard and are very productive. The U.S. creates things that are as good as the budget it used.

    Don't worry, America can do anything right now.

  31. The only reason it got down was so they did not have to deal with it while on vacation, very fiscally irresponsible as well once again they are choosing to bankrupt your children.

  32. This guy brags due to inflation it’s a lower budget. How does he not understand inflation went up because he keeps borrowing money?!

  33. 100% to GDP in ten yrs? It's like 117% right now! The entire country is upside down, this "recession" will add to that (reduced GDP). What to do? Lower interest rates and devalue the dollar. Everyone is going to feel this one.

  34. What a true Democrat .omg . That's refreshing. He wants to protect America . Not like the hit squad that wants to tear apart America.

  35. Typical of democrats, they just want money, money, money and they’ll use a lot of it on their personal vacations etc. This needs to stop! We need limited term limits for congress!

  36. This is a bunch of bulshit he's right we need to have a couple million people march on the Senate and Capitol Hill

  37. I'm living from pay check to pay check now. All I'm doing is lining the pockets of local politicians who don't Evan know there job's. And end property taxes in Pennsylvania.

  38. What the hell is he talking about 15% goes on defense? The last I heard the Warhawks were taking 60% of slave money? $700 billion this year on defense

  39. The US will never default. We'll just print more money and get inflation. Weaken the dollar and our exports go up too so that's something. But household wealth will go down due to weaker dollar to offset the debt. In this way, average households pay for the debt with a drop in the value of their cash and cash-equivilant holdings. While I don't like the debt going up, the US will never default because we can create cash out of thin air that isn't tied to anything except the full faith of The Government. And as long as people around the world have more faith in the US Government than they do any other country, they will continue to buy bonds and we will be fine relative to the rest of the world.

  40. Everybody be complaining bout defense spending even though the congressman said it's only 15% of the federal budget compared to JFK's 50%, am I missing something?

  41. Many Republicans spent the bulk of the Obama administration insisting that the budget needed to shrink and calling for a constitutional amendment to balance it. A number of those lawmakers have either left in recent years or muted their criticism of Trump’s embrace of big deficits, and some GOP leaders in recent weeks have said they need to focus on passing budget deals and not getting into messy fights without a clear strategy. Trump announces support for two-year bipartisan budget deal that boosts spending and suspends debt limit. Altogether, the bill would allow Washington to spend $2.75 trillion over the next two years on a range of federal programs and lift a statutory debt limit through July 2021, well beyond the 2020 U.S. presidential and congressional elections. Another tax and spend liberal from NY occupies the White House.

  42. At 135 billion or illegal aliens the come across our borders a year so they're going to be getting all the money nothing for Americans what a joke bulshit Congress

  43. ALL THAT IS IN AOC HEAD IS TOTAL DESTRUCTION!
    SHE HAS NO SENCE OF HOW TO MAKE ANY THING WORK WITHOUT CALAMITY!
    SHE IS EXACTLY LIKE A KID WHO STARTS TO THROW AWAY THEIR TOYS AND WHEN ANOTHER KID COMES TO PLAY WITH THEM SHE STARTS TO SCREAM AND PUT UP A FIGHT, WANTING THEM BACK!
    THERE IS WHERE AOC BRAINS ARE OPERATING FROM!
    IT HAS NOT GROWN FROM THAT STAGE IN HER LIFE!

  44. The people of Anerica should be voting rather we want this or not!!!!! Why didnt president VETO THIS BILL??????

  45. Trump has killed the Tea Party. And the GOP is now the Trump party and are spending more money than even Democrats

  46. why are these people so stupid
    i have a 10 th grade edgucation and i understand. i cant spell but more important is that i can can reason very well.

  47. 135 billion spent on illegals build the wall deport them all vote out all Democrats and then we can pay off the debt

  48. Now that it appears the Republicans are all to happy to spend out grandchildren's money, can we please all just agree that the Tea Party was never about government spending; it was always about old, white people being angry that a black man was running the country.

  49. This is the problem in the USA. The government needs to stop it's own ability to print money for itself. Then when they want to spend money as frugally as they do and they demand an increase in taxes… the people will revolt and through them out of office until a less frugal leader is found. I'm sick of paying such high taxes in the USA.

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