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Ron Johnson: “The sanctions themselves had maybe about a 10% effect on…”

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

Senator Ron Johnson on CSPAN's Washington Journal

Published December 11, 2013 | Video Starts at 39:55

I think what we should have been doing is we should have passed a more stringent. I hear all these things about crippling sanctions. They're really not. I mean, Iran's economy is about a $500 billion economy. The sanctions themselves had maybe about a 10% effect on [Iran's economy]. that, depending on the numbers you're looking at. What we should have done is strengthen the sanctions until Iran came to us and really begged. Okay, uncle, we give in. (39:55–39:59)

CLAIM

Asserts that sanctions had about a 10% impact on Iran's economy.

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

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“Social Security will hemorrhage $12.7 trillion over the next 30 years.”
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“Medicare is even worse, probably about $36 trillion over the next 30 years of deficits.”
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“We're showing $107 trillion of deficit spending over the next 30 years.”
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“Estimates of 80 to 100 million Americans losing their employer sponsored care, being forced to purchase insurance through the exchanges.”
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“The cost to comply with regulations [is] about $1.8 trillion, a figure that's larger than all but eight economies in the world.”
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“Tom [Coburn] has identified about 48 different jobs training programs spending about $31 billion per year.”
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“Over 30 years somewhere between 56 and $107 trillion of deficits.”
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“President Obama got about a trillion dollars in tax increases in the health care law.”
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“With the fiscal cliff deal, [President Obama] got another $600 billion [in tax increases].”
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“In the Budget Control Act, we got about $2.1 trillion of spending restraint.”
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“In fiscal year 2013, we raised $669 billion more in federal revenue through economic growth.”
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“The tax increase President Obama got, fiscal cliff over 10 years is $600 billion.”
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“Your share of the federal debt today, your individual share is $54,000.”
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“Federal workers on average are compensated higher than private sector people.”
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“In terms of the total cost of benefits for federal workers, somewhere in the $40,000 range.”
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“For state and local public officials, somewhere in the $30,000 range.”
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“For private sector workers, it's mid teens, 15, $16,000.”
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“There's no reason at all, none, zero, to ever default on any obligation.”
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“We haven't passed an appropriation bill in the Senate in two years.”
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“We've been keeping interest rates artificially low.”
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“We create these asset bubbles. We've created an asset bubble certainly in the housing market.”
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“The long term driver of debt and deficit is the mandatory spending programs.”
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“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…”
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“If you're a 27 year old male, your premiums are going to increase by 124% [in Wisconsin].”
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“If you're a female 27 years old, they're going up by about 78% [in Wisconsin].”
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