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They ve been moving, i think, by the force of the american people, and reality, the threat we are facing from this debt and the danger it places our economy in. so we have to do this. it s not something we d like to do. bill: is the number $61 billion for you? $61 billion is a minimum amount, i think. for example, $61 billion reduces the baseline of federal spending and would save over ten years, $860 billion. almost a trillion dollars. bill: but it it doesn t appear that your democratic colleagues in the senate are even close to that. well bill: if that s the case, what gives over the next five days to the deadline? the deadline is soon, our agreement has to be reached or a disagreement will be noted. i believe that we need to do more than 33. the leadership has to deal with the reality of the senate, the fact that the ....
Control. we know that. where are the cuts. this is 09, 2010, 2011. okay. was this all the time the president was in office. so you went from 62.9 trillion to 88 because you ignored the problem. you said nothing. we re dealing with basically the budget, the budget for this year. yes. we re talking the democrats have agreed to $10 billion in cuts and you folks want about $50 billion more, something like that? yes. 57. you put it over to the senate, didn t get anything from the senate. how much will you get out of this year? you re talking about a pit tans of this enormous budget, maybe not even 1%. wait. this year remember what you can talk about. you only have six months left go to september 30th, can only talk discretionary, you may think the number is small, $61 billion, what does that add up in 10 year when you produce a budget, $860 billion. hold on a second, pat. ....
What does an a million dollars look like in $100 bills, this is it. if you had a million dollars in $100 bills you know, you could see the man standing there next to it so that s proportionate to a grown man. you could fit in the trunk of the car. i doubt if you have a million dollars in the trunk of your car you have to answer to somebody why. that s what a million dollars looks like. have you ever heard the term billion. the government loves to tell us this is going to cost $5 billion dollars. bha does it look like in $100 bills. this is $1 billion dollars in $100 billions. and remember the spltimulus plan, 860 billion dollars. imagine the piles that you as a taxpayer paid for. are you understanding how big a billion is. you haven t seen nothing yet. when the government throws out ....
Economy in the new year? reporter: many revised up the forecasts for economic growth in 2011 because of the $860 billion package president obama and republicans agreed to last week. economists now looking at 3 percent to 4 percent growth next year and they hope that is enough to pick up job creation to maybe 200,000 or so jobs a month, and that would double the rate so far this year of 100,000 jobs a month. thank you from the fox business network. stay tuned. ....
We re not taking something away but we re not really adding anything stimulative to the economy now. so, yes, we are not hurting people. we decided not to rob taxpayers and call it a gift. we re raising expectations beyond what i think this so-called stimulus is going to deliver. i want to take a closer look at the package. i want to break it down for people at home that have not been following the debate. let s take a look at the compromise package. $860 billion that all gets added to the deficit. the state tax provision, liberals thought that was a big away to the wealthy. extending tax cuts nearly $550 billion. $463 billion for those $250,000 a year and below. $82 billion for the higher incomers, unemployment benefits, and payroll tax, the social security. that s taking your payroll tax out of the social security trust fund. that s $117 billion. among those $8.3 billion is ....