Monday, February 29, 2016

#### ECONOMICS 101--"IN 11 YEARS IT'S OVER"

  Rep. Dave Brat: Deficit Is So Huge, ‘It’s Over’ in 11 Years By Lori Updated 02/29/2016 | 3:20 PM EST Rep. Dave Brat (R-VA) joined The Glenn Beck Program on Monday to discuss the state of Washington, D.C. Rep Brat, an economist who successfully ran against Eric Cantor back in 2014, is up for reelection. Glenn asked Rep. Brat, who sits on the House Budget Committee, about the failures of both Democrats and Republicans in fixing the budget and reducing the deficit. “The problem is, again, the process,” Glenn said. “We are just doing these continuing resolutions, which takes the power of Congress’ time every time. We know that it was the Democrats that started this unconstitutional process, but the Republicans have been just as bad. Are we going to see an end to this?” Rep. Brat agreed the process is a problem and outlined specifically just how bad things are. “If the people don’t know, under Republican leadership, the deficit this year is going up for the first time since ’09 to $105 billion. It’s going up to $540 billion. That’s a half a trillion dollars,” Rep. Brat said. “And the biggest problem is the unfunded liability piece — the Medicare, Social Security, Medicaid, etc. In 11 years, all federal revenues will go to those mandatory programs. There won’t be one dollar for the military or running government, transportation, education . . . nothing. And you can go to CBO. The main graph is sitting right there. In 11 years, it’s over.”

Source: http://www.glennbeck.com/2016/02/29/rep-dave-brat-the-deficit-so-huge-its-over-in-11-years/?utm_source=glennbeck&utm_medium=contentcopy_link