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Ron Johnson: “Over 30 years somewhere between 56 and $107 trillion of…”

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

Senator Ron Johnson on CSPAN's Washington Journal

Published December 11, 2013 | Video Starts at 04:20

I was looking at over 30 years because we have a baby boom generation retiring demographic problem. And so rather than just the first decade deficits about $7 trillion. You look at Over 30 years somewhere between 56 and $107 trillion of deficits. So yeah, I'm pretty sympathetic with Mick Mulvaney and conservatives in the House that want to hold the line. (04:20–04:26)

CLAIM

Asserts that the U.S. could face between $56 trillion and $107 trillion in deficits over the next 30 years.

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 Social Security Trust Fund has no monetary value to the federal government.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 01:33-01:37
“Social Security will hemorrhage $12.7 trillion over the next 30 years.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 02:24-02:29
“Medicare is even worse, probably about $36 trillion over the next 30 years of deficits.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 02:32-02:37
“We're showing $107 trillion of deficit spending over the next 30 years.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 14:29-14:34
“Only the federal government could take three and a half years, spend almost a billion dollars and still not have any function[al] website.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 30:43-31:28
“Estimates of 80 to 100 million Americans losing their employer sponsored care, being forced to purchase insurance through the exchanges.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 31:50-31:58
“The cost to comply with regulations [is] about $1.8 trillion, a figure that's larger than all but eight economies in the world.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 36:18-36:24
“Tom [Coburn] has identified about 48 different jobs training programs spending about $31 billion per year.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 03:19-08:40
“President Obama got about a trillion dollars in tax increases in the health care law.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 06:50-06:55
“With the fiscal cliff deal, [President Obama] got another $600 billion [in tax increases].”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 06:56-06:58
“In the Budget Control Act, we got about $2.1 trillion of spending restraint.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 07:01-07:07
“In fiscal year 2013, we raised $669 billion more in federal revenue through economic growth.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 07:35-07:48
“The tax increase President Obama got, fiscal cliff over 10 years is $600 billion.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 07:54-07:59
“Your share of the federal debt today, your individual share is $54,000.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 09:10-09:15
“Federal workers on average are compensated higher than private sector people.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 16:52-16:58
“In terms of the total cost of benefits for federal workers, somewhere in the $40,000 range.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 17:11-17:17
“For state and local public officials, somewhere in the $30,000 range.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 17:16-17:20
“For private sector workers, it's mid teens, 15, $16,000.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 17:19-17:25
“There's no reason at all, none, zero, to ever default on any obligation.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 19:12-19:18
“We haven't passed an appropriation bill in the Senate in two years.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 21:58-22:03
“We've been keeping interest rates artificially low.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 23:34-23:36
“We create these asset bubbles. We've created an asset bubble certainly in the housing market.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 26:49-26:54
“The long term driver of debt and deficit is the mandatory spending programs.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 27:57-28:02
“We've got to reform [mandatory spending programs] because they're simply insolvent right now. They're unsustainable.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 28:01-28:07
“I've heard some web experts say that the type of site that healthcare.gov is would have cost between 5 and $10 million in the private…”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 30:48-30:58
“Millions of Americans lost their health care, those individuals on the individual market.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 31:03-31:08
“You can see employers starting to drop employer based coverage in the tens of millions.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 31:44-31:49
“If you're a 27 year old male, your premiums are going to increase by 124% [in Wisconsin].”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 33:26-33:32
“If you're a female 27 years old, they're going up by about 78% [in Wisconsin].”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 33:35-33:39
“The Patient Protection Affordable Care Act is doing neither [protecting patients nor making care affordable].”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 33:35-33:44
“We did not bend the cost curve down. We dramatically increased the cost curve.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 33:45-33:50
“From 2009 to 2013, we've increased revenue [to] the federal government by $669 billion without a tax increase.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 35:59-36:08
“It's hard to convey how dysfunctional Washington D.C. is.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 37:14-37:14
“Fiscal clifty, I think that was, you know, we got the final language of that at 1:36 in the morning. We had to vote on it at 1:39 in the…”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 37:24-37:33
“Right now President Obama feels that probably the only thing he can do now is through the regulatory agencies, basically legislate through…”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 38:54-39:02
“Iran's economy is about a $500 billion economy.”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 39:51-39:55
“The sanctions themselves had maybe about a 10% effect on [Iran's economy].”
Senator Ron Johnson on CSPAN's Washington Journal | Uploaded December 11, 2013 | 39:55-39:59