Rep. Alan Grayson, D-Fla., joins John Fugelsang on “Viewpoint” to weigh in on news that President Obama told Senate Democrats he was open to considering cuts to such federal programs as Social Security and Medicare. “I take no pleasure in saying this because the president is my president — I voted for him twice and he’s the leader of my party — but on this regard, the president is wrong,” Grayson says.
Grayson also shares his thoughts on the Congressional budget battle. “This terrible preoccupation with austerity, with deficits, with debt is mistaken,” Grayson says. “The government has never been able to borrow at such low rates for my entire lifetime, in fact, going back 100 years, the government’s never been able to borrow at 2 percent before — that’s what the rates are these days — and that just shows you that there is no fiscal crisis. … We’ve simply given in to the Republican mindset of crises.”