06.19.17

Senator David Perdue Guest Co-Hosts CNBC Squawk Box, Discusses President’s Agenda

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) today guest co-hosted CNBC’s Squawk Box and led a conversation about fixing health care, jumpstarting the economy, and breaking through Washington gridlock. During the show, Senator Perdue also interviewed Secretary of Commerce Wilbur Ross.   

Click here to watch or click on the image below.

SenatorDavidPerdueCoHostsCNBCSquawkBox

Highlights:

Current Crisis: “We've got three drivers of our debt over the next ten years. The current baseline budget says we’re going to add $10 trillion to the $20 trillion debt today. Most of that is Social Security, Medicare, and Medicaid…We've got to reach out and save those programs, and here we have an opportunity to reengineer Medicaid. That's why this is taking some time.”

Borrowed Money: “We have sat here over the last eight years and borrowed 35 percent of what we spent as a federal government. That means every dime we spend on the military, every dime we spend on the VA, and every dime we spend on domestic non-mandatory programs is borrowed money.”

Turnarounds Are Messy: “Anytime you go into a turnaround it's messy and you have to invest in order to grow long-term. President Trump said job one is growing the economy. I support that. He's focused on regulatory reform and focused on tax reform, but we're actually in the middle of one of the larger regulatory reforms in my lifetime.”

Obamacare Never Going To Work: “Here's the problem: the individual market, the way that Obamacare set it up, was never going to work. It was a mathematical problem…One of the problems that I have as a CEO looking at Obamacare is the solutions are right here before us. The problem is getting it through the political dysfunction in Washington.”

Working Through August: “There are a number of us saying we just don't see the number of days left in the fiscal year as being adequate. We have a five-week work period during which we go back to the states and travel, but if we don't get this done, we ought to stay here for a few weeks and focus on getting some of these priorities done.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.