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Coburn: "Not Cutting Spending Is Going To Be Disastrous For Our Country"

CHRIS WALLACE: Senator Coburn, is the president exaggerating the impact of these cuts?

SEN. TOM COBURN (R-OKLAHOMA): Absolutely. And, you see the typical set up a straw man.

Look, the federal government is twice the size it was 11 years ago. We are spending almost $4,000 per person, per year, coming out of the federal government, $12,000. The average family is on the hook for unfunded liabilities in, quote, "in excess of three quarters of a million dollars per family."

And what sequestration is, it's a terrible way to cut spending. I don't disagree with that. But to not cut 2.5 percent out of the total budget over a year when it's twice the size it was 10 years ago? Give me a break.

The American people, you know, we see all these claims about what a tragedy it's going to be. The great example is, is if the secretary of transportation can assure us all the planes are going to be safe, then the Department of Homeland Security can assure us that we can get through the airports on time. They have plenty of flexibility in terms of discretion on how they spend money. There are easy ways to cut this money that the American people will never feel.

What you hear is an outrage because nobody wants to cut spending except -- and it will be somewhat painful, but, not cutting spending is going to be disastrous for our country.

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