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The biggest drivers of runway spending are our new deal in society programs on which americans depend every day. social security and medicare. they make up 70% of the federal budget. what you deserve to know is that medicare has five years before it goes broke. social security has ten years if we re lucky. left unchecked and unreformed, it will mandate cuts in programs on which people depend. we re still, if we don t take the opportunity to reform these entitlements today, in 25 years, that $32 trillion will grow to $150 trillion. and crush the future of the american economy and opportunities for our children and grandchildren. now joe biden s policy is ....
Of world war ii. reporter: many republicans were reluctant to sign this deal and give up, for them, what had been a tool to cut runway spending, that, of course, sequestration. congressman paul ryan tried to remind conservative skeptics that the deal does, indeed, preserve a lot of the components of sequestration. well, first of all, it doesn t end sequestration, it just gives some temporary relief for sequestration over the next year and a half which is the term of this agreement. we keep 70% of the sequester, and 30% of the sequester that we give relief to we more than pay for with smart spending cuts that are permanent in the other part of government spending. reporter: though the budget deal is done and signed, potential obstacles remain. this thing sets spending levels, but it does not appropriate money. congressional appropriators will have to figure out how to spend that money, and there s some concern democrats could throw a wrench into the works by attaching an extension ....
That, as i m sure you want to. if you like the way the country s going now, if you like if you live in nevada, you like 14.4% unemployment where 70% of the home mortgages are ununder water i guess the message from majority leader reid and senator menendez is stay the course. i think, instead of that, people say, we re willing to listen to republicans and independents are coming our way, 2 out of every 3 of them, because they want to provide checks and balances, they want us to stop the runway spending, the unsustainable debt stwheshg wa and they want to put america back to work and they see the american policies of the last year and a half being an impediment to job creation in america. so, getting back to the question i wanted to ask you, which is about senator deminue mint, if they re a betting person, when you return to washington in january, be a kind of demint wing inside the ....