I Like Big Cuts

  • Aired:  02/16/11
  •  | Views: 145,455

Both parties agree that the only way to balance the budget is to cut programs that affect people who vote for Democrats. (5:05)

MEANWHILE, BACK IN WASHINGTON

PRESIDENT OBAMA RELEASED HIS

BUDGET FOR FISCAL YEAR 2012.

APPARENTLY IN PHONEBOOK FORM.

[LAUGHTER]

THE BUDGET CALL TOWARDS $3.7

TRILLION IN SPENDING WHICH IS, I

KNOW, A DIFFICULT NUMBER TO WRAP

YOUR HEADS AROUND.

PERHAPS THIS DEMONSTRATION WILL

IN NO WAY CLARIFY THINGS FOR

YOU.

>> WE GOT THE PENNIES AND

STACKED THEM UNTIL WE GOT THIS

BUDGET.

EACH ONE STACK OF THESE FIVE

PENNIES REPRESENTS $2 BILLION.

>> Jon: THAT DOESN'T HELP US

IN ANYWAY.

[LAUGHTER]

LET ME DO A QUICK IMPRESSION OF

YOU OF AN EMPLOYEE AT ABC WORLD

NEWS.

I WENT TO COLOMBIA UNIVERSITY --

COLUMBIA UNIVERSITY AND NOW I'M

STACKING PENNIES PENNIES TO MAKE A PIE

CHART.

ARE YOU KIDDING ME.

LET'S GET TO THE BUDGET.

$3.7 BILLION.

THE TRICK IS TO GET IT TO VASTLY

INCREASE THE DEFICIT WHILE

GIVING AMERICANS THE SHOTY

DEMOCRACY WE EXPECT OR ARE AT

LEAST NUMB TO.

>> SOME OF THE SAVINGS COME

THROUGH LESS WASTE AND MORE

EFFICIENCY.

WE'LL SPEND BILLIONS OF GETTING

RID OF 14,000 OFFICE BUILDINGS,

LOTS AND GOVERNMENT-OWNED

PROPERTIES WE NO LONGER NEED.

>> Jon: FROM NOW ON WHEN WE

BUY OFFICE SUPPLIES WE'LL JOIN

UP WITH CANADA AND MEXICO TO

LOOK FOR DEALS ON GROUPON.

[LAUGHTER]

THE BUDGET WOULD CUT SUCH

ENTITLEMENT STAPLES AS THE HOME

HEATING ASSISTANCE AND PELL

GRANTS.

MAYBE REPUBLICANS HAVE A

STRONGER PLAN FOR GETTING THE

DEFICIT UNDER CONTROL.

>> REPUBLICANS WANT TO TAKE OUT

PLANNED PARENTHOOD.

>> THE ELIMINATION OFMEN CORPS,

FOR EXAMPLE.

>> THE REPUBLICANS HAVE A NEW

TARGET PBS AND NPR.

>> Jon: AT LEAST WE AGREE THAT

THE ONLY WAY OUT OF THIS SPHES

TO EFFECT PROGRAMS OF PEOPLE

THAT VOTE FOR DEMOCRATS.

OBAMA WOULD SAVE $1.1 TRILLION.

JEFF SESSIONS, RANKING

REPUBLICAN ON THE SENATE BUDGET

COMMITTEE ALTHOUGH BEST KNOWN

FOR HIS 1996 COLLABORATION WITH

BOB DYLAN.

[LAUGHTER]

IT WILL BRING BACK (bleep)

PICTURE.

[LAUGHTER]

THAT GUY HAS GOT TO BE PLEASED

WITH THE CUTS.

>> WHEN YOU HEAR THE $1.1

TRILLION IN SAVINGS OVER TEN

YEARS, WHAT IS YOUR TAKE?

IS THAT A GOOD START, SENATOR?

>> NO, IT'S NOT.

I EXPECT ACCORDING TO

PROJECTIONS $12 TRILLION TO $14

TRILLION IN NEW ADDED DURING

THAT TIME.

SO A $1 TRILLION REDUCTION IS

INSIGNIFICANT AND DOES NOT GET

US OFF TO THE RIGHT COURSE.

>> Jon: WOW HE SAID THE

TRILLION DOLLARS IN SAVINGS IS

INSIGNIFICANT.

HOW DO YOU FEEL ABOUT THE

REPUBLICAN PLAN TO SAVE THE

IDENTICAL AMOUNT OF MONEY OVER

THE SAME TIME.

>> $100 BILLION MEANS OVER TEN

YEARS YOU WOULD HAVE A $1

TRILLION SAVINGS.

THIS IS THE WAY YOU GET THE

BUDGET BALANCED:

[LAUGHTER]

>> Jon: SERIOUSLY WHAT ARE YOU

GOING TO DO BUY A FORD?

IT'S A TERRIBLE IDEA.

IT'S A PIECE OF (bleep).

WHAT YOU NEED TO DO IS BUY ONE

OF I HAD FORD'S.

[LAUGHTER]

I CAN'T BELIEVE DYLAN DID AN

ALBUM WITH THAT GUY.

[LAUGHTER]

ALL RIGHT.

YOU KNOW WHAT?

IT'S CLEAR THAT NONE OF YOU

GUYS, REPUBLICAN OR DEMOCRAT,

HAVE TAKEN THIS SERIOUS.

I'M GOING TO DO IT MYSELF.

I'M GOING CHARLES TKPWROEDEN AND

DAVE ON YOUR ASS AND THAT IS MY

LAST REFERENCE TONIGHT.

[LAUGHTER]

ALL RIGHT.

HOW BIG IS THE BUDGET?

>> PRESIDENT OBAMA'S BUDGET

PROPOSAL FOR THE NEXT FISCAL

YEAR CAME IN AT MORE THAN $3.7

TRILLION.

>> Jon: ALL RIGHT.

ALL RIGHT $3.7 TRILLION.

WHAT IS THE DEFICIT?

>> THE DEFICIT $1.1 TRILLION.

>> Jon: OKAY $1.1 -- YOU KNOW

WHAT, HOLD ON?

YEAH, THAT'S BETTER.

SOMETIMES THEY NEED TO WARM UP.

[LAUGHTER]

WE'VE GOT $3.7 TRILLION UP FOR

GRABS.

88% OF THE BUDGET IS NOT

EFFECTED BY THESE CUTS.

THEY ARE ONLY FOCUSING ON THE

CUTS -- FOCUSING THE CUTS ON 12%

OF THE BUDGET.

>> Jon: WE CAN ONLY CUT FROM

12% OF THE BUDGET.

$12% IS $440 BILLION.

HERE IS WHAT WE NEED TO DO.

WE NEED TO GET $1.1 TRILLION OF

SPENDING CUTS OUT OF $440

BILLION.

[LAUGHTER]

SO I'M JUST GOING TO VERY

QUICKLY -- WATSON?

WA

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