Freshman Rep Exposes Obama Debt Con

Freshman Congressman Paul Labrador from Idaho clarifies the role the president has played in cutting the overspending problem.

Everybody gives him credit right now for being the adult at the table. This is the man who came to Congress and asked us to raise the debt ceiling without any spending cuts. This is the man who gave us a budget that didn't even get a single vote in the Senate.

MS. ROBERTS: Congressman, I'm curious though. How does it work politically to say that we won't raise taxes on billionaires as the president keeps saying?

REP. LABRADOR: Let's talk about this. The House majority, the House Republicans passed a budget that actually talked about reforming the tax system. We already agreed to that. We said that we want to make sure that we broaden the base, which means getting rid of all those loopholes, and we want to lower the rates.

The difference between the Republicans and Democrats is that the president wants to get rid of all these loopholes just to increase spending. That's all he's wanting to do. Everybody gives him credit right now for being the adult at the table. This is the man who came to Congress and asked us to raise the debt ceiling without any spending cuts. This is the man who gave us a budget that didn't even get a single vote in the Senate.

And now he's saying that he's serious -- a serious deficit hawk. I think that's a joke. He has never been a deficit hawk.