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Ron Johnson: “In Wisconsin, I believe we're facing a $3.6 trillion a year…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

Senator Johnson on Squawkbox -- 2/23/11

Published February 23, 2011 | Video Starts at 03:56

I mean, these are real numbers. These are scary numbers. It's a problem. It's a huge problem and it has to be addressed. So individual state numbers, I really can't speak to that. In Wisconsin, I believe we're facing a $3.6 trillion a year deficit. And let's understand kind of why that is. The hard choices were put off. The way the previous governor balanced the budget was with stimulus funding. (03:56–04:01)

CLAIM

Asserts that Wisconsin is facing a $3.6 trillion annual deficit.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Ron Johnson

“The largest interest group was public sector labor unions. They spent $200 million.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 02:07-02:15
“Over the next 10 years, we're going to be spending another $13 trillion, adding that to our nation's debt.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 03:42-03:48
“In Wisconsin, we have a constitutional requirement to balance the budget.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 00:40-00:45
“Governor Walker, this was dumped in his lap, a $3.6 billion biennial budget deficit.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 00:45-00:52
“The way the previous governor balanced the budget was with stimulus funding.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 04:05-04:10
“I think the chances of the federal government bailing them out are very low.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 05:27-05:31
“It just simply isn't fair that the rest of the states would have to pony up and tax their citizens to bail out the citizens of the states…”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 06:03-06:13
“We're transferring debt on one balance sheet to debt of another.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 06:22-06:26
“Public sector unions are bankrupting states, they're bankrupting Wisconsin.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 07:31-07:35
“A school district, 75% of their budget is wages and benefits that is imposed on them.”
Senator Johnson on Squawkbox -- 2/23/11 | Uploaded February 23, 2011 | 07:41-07:50