About This Video
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Published: Thu, 12 Nov 2009
Description: Rep. Price says government should return unused bailout money to taxpayers and not use it to help themselves
Automatically Generated Transcript (may not be 100% accurate)
" the deficit soaring the government still spending and the White House -- words an -- administration's considering. Using money that was originally supposed to go to bail -- financial companies to build -- out. May be using some of the noticeably cut the deficit but it is your go. It's compress -- Georgia says the taxpayers should be the ones getting that money that congress and it and you know. What what's really going on and great to be what's really happening."
" Well only in Washington could you make up this an area where you borrow money to buy something that you don't buy -- you wanna decrease the deficit by using that borrowed money. To pay back borrowed money. It's like using one credit card to pay out another credit card the American people are smarter than this when it and the program without -- stop the bailouts coming out of the government. The only consolation all of this is that they want have to give a little kudos to the administration for finally recognizing that the deficit the problem. Well maybe that's a good thing moment and paying down the deficit yet. Well 88 that you can't pay down the deficit -- borrowed money you know that the American people know that."
" It's like the money is already happening on your point is well taken down the monetary out their money. But it was created that a lot I don't know but is it so you can't give back borrow money so you might as well. They've they've backed the one credit line would have a grind because at least allow this -- credit line on one you know and so."
" Well what should we end the program -- would that -- that would send a great. Communication to not just the nation but the world that we were finally getting serious. About not spending more borrowed money. That there is a solution all of this and it's and it's stopping this bailout mentality that we have right now. Don't use one credit card to pay off another credit card in the end you still gotta pay off that other credit card."
" I think we're way beyond talking about how deep. In debt Leo right there are you worried that now with talk of another. Jobs program about that the price of his health care around the room instead it's been declined substantially over trillion dollars whatever is finished. That. It's just so beyond the pale that no one in his right mind thinks this will ever be paid off this century. Let -- the next."
" Well if we don't pay it off if we don't start getting serious and and truly fiscally responsible than our kids and our grandkids will not have the kind of opportunity that we've had because we're shack telling them. With the amount of debt burden that were placing a bomb that we can turn this around we've proven that in the house of representatives on the Republican side. We're congressman Paul Ryan and I and others have put forward proposals that will actually come to a balanced budget over a relatively short period time. It will show the fiscal responsibility that's necessary so then."
" Am -- right time but Republicans. Will. You know we're pretty good again it has ended this -- on onto -- made you particularly so when you guys claim that you're the stewards of fiscal propriety and responsibility. People look at you and say yeah eyes were awful."
" While they do what they look back there in the for the six years prior to this administration however. This administration has taken things to a new high one point four trillion dollar deficit in their first fiscal year. Four times greater than any of the deficits in the previous four years so I -- this is. The fact of the matter is the American people want to see real change in real change means having folks be fiscally responsible. I believe that's gonna result in a Republican leadership in the house come when he can."
" And you're not worried that it's gonna be divided and who were conservatives. Over moderates so to -- that you guys gonna divide each other."
" Now if I think that traded freely across the board that the Republican Party in there and Republicans who are running now stepping up and running. Really for the first time. Are putting forward -- in the fiscal responsibility mantle the good news is that the majority in the House of Representatives. When when the Republicans take control again. 30 if given that privilege will be individuals have only been there three terms -- last. Every once -- ran on -- mantle of fiscal responsibility will watch it closely congressman thanks for coming on again -- Thank you so much."
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