HANNITY: How do you get to --
TRUMP: But therefore, the numbers aren't as bad as what you are seeing. In other words, that has a huge impact.
HANNITY: $14 trillion is a big --
TRUMP: No, no.
HANNITY: Headed towards $24 trillion.
TRUMP: No, it is. But we are losing so much money. Every country we deal with virtually we are losing money.
When Japan had its horrible accident, they said to me, what do you think? I said, you know what? They've treated us like fools for many years. But still, we should help them. Aren't I nice a guy?
HANNITY: You are a nice guy.
TRUMP: But they treated us like fools for years and years and years. They treated us like a bunch of dopes. But you know, what?
HANNITY: But would you deal with entitlements? Social Security, Medicare and Medicaid. I mean. --
TRUMP: You have to deal with it.
HANNITY: Because --
TRUMP: I do worry about -- I have a lot of respect for Paul Ryan. I do worry that he's a little bit far out in front because the Democrats are going to take that Medicare word, that little word called Medicare which to a lot of people mean seniors citizens. And they are going to take that word, and they're going to say, oh, senior, senior. And the Republicans have to be careful not to fall into a Democratic trap.
HANNITY: And that trap is that they would be seen as --
TRUMP: The trap is Medicare.
HANNITY: -- being mean towards the elderly.
TRUMP: -- towards seniors. And I will tell you, me, I'm protecting, I don't care what plan the Republicans put, I'm protecting the seniors. The seniors are in a certain way the heart of this country. And I'm protecting the seniors.
HANNITY: In other words --
TRUMP: But I can tell you.
HANNITY: But do we have to -- look, discretionary something is 12 percent of the budget. The real money --
TRUMP: It's not enough.
HANNITY: -- the trillions are in Social Security, Medicare, Medicaid, there's got to be some adjustment.
TRUMP: Things have to be done but it has to be done with both parties together. It has to be done together. You can't have the Republicans get too far ahead of this issue.
HANNITY: So, you would say --
TRUMP: They are going to lose elections.
TRUMP: Hey, if I run I don't want to lose this election. Because I can do a lot of things for this country. And I don't want to lose this election. And I just don't think that -- again, Ryan is great. But I don't think he should get too far ahead in front of this issue. Because I know, you just said, I know Schumer, I know this, I know exactly what they are doing. They love having somebody even talk about the word Medicare.
HANNITY: Extreme. Yes, because --
TRUMP: Because they may be then say, oh, they are going to cut Medicare. Even though these guys will end up doing it, you have an election to win. And I think the Republicans frankly are too far out ahead. You know, this debate is supposed to be led by our president.
HANNITY: He punted.
TRUMP: And you have to be very careful that the Republicans don't go too far ahead in front because they are going to lose the big election coming in 2012 if that happens.
HANNITY: But do you really think you can balance the budget. You become president, how long would it take to you balance the budget?
TRUMP: We would make a huge amount of progress, and you would do some of this stuff, but it wouldn't be the kind of numbers -- look, we're losing so much money. And not only money, we are losing jobs. Don't forget China is taking our jobs. They are not only taking our money, but they are taking our jobs. So, we're losing money, they're taking jobs. Now, that means the economy can never come back. Because the best thing for balancing the budget is to have a strong economy. And the economy can never come back if we are going to always have high unemployment.
HANNITY: Here we are. We have a beautiful view of Central Park. And 9/11 happens here. Radical Islam, the president when he first got into office went on an apology tour.
HANNITY: America is arrogant -- OK, so, the question is, do you think he understands the real dangers that led up to 9/11, 3,000 people killed right here in this city? And you recently spoke about the Koran, you said it gives you a negative vibe. And you got some criticism for it.
TRUMP: Well, I didn't see the criticism. But obviously, there is something going on. Because every time you turn on a television, 100 people are killed in a grocery store in Iraq.
TRUMP: I mean, everyday a bomb goes off. And I see the wounded. And I spent a lot of time with the wounded, the soldiers, our soldiers, our great soldiers. And they come back with a missing arm, no legs, and for what, for what?
Now, I will say this, and some people think it is harsh, and I think it is common sense. And a lot of people think it's great when I first said it, which was one with week ago. We go to Iraq, we spend $1.5 trillion and our cities are dying all over the place, they don't have any money. We spend $1.5 trillion. Iraq has the second largest oilfields in the world. $15 billion worth of oil, second to Saudi Arabia.