Barrasso: ‘We have to stop spending money we don’t have’

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>> i think it's important to find 75 years for the american people in terms of medicare and social security so people can stop worrying not just for the people currently on the programs, but really for the next generations to come. i worry about this incredible debt not in terms of balancing the budget for getting the numbers right, but what it means for american families. families know you have to live within your means and better things for the family. we continue to spend more and more than we take in each year, we have to stop spending money we don't have. that will be part of it. getting to a balanced budget and a democrat- balanced budget never balances.

>> if he can get all the things he wants and you want except additional revenue. are you willing to cent a dell that gets you that?

>> as far as tax reform where you lower the rates and increased revenue comes out as a result of economic growth. i'm trying to grow the economy. the democrats are trying to grow government.

>> senator, we have a major trade organization in asia. do you think the president could get bipartisan support in the senate and beyond for trade agreement ?

>> i would like to see that. i was in germany with vice president biden meeting with the germans on this issue of european trade. i think it's important and helps our country significantly and i would like to work with the president to accomplish that.

>> you probably would have the requisite bipartisan support from his owner party which has always been the issue.

>> that's the issue. he would have bipartisan system and i would encourage democrats to join us.

>> let's talk about how we get to where we get. obviously you look at democratic bills and the republican bill and they differ in many areas, but there is has been a focus on cutting discretionary spending instead of the long-term problems with medicare and medicaid and social security . do you think the republicans in the senate are going to be willing to look at a long-term overhaul of medicare and medicaid and social security and make tough decisions that have to be made to save those programs?

>> i think we do, joe. they do budgeting and a 10-year window. we need to make sure the programs are on a sustainable path for 75 years. that's the only thing we give credibility to it overall. medicare and social security are the tidal waves on our country's future. we have an aging society, 10,000 baby boomers every day are turning 65. when they were put into place, people were not expected to live to 65. for women it's 81 and men it's 75. we need to modernize to save them for the future generations and make sure people currently on them have the benefits for the rest of their lives.

>> a lot of debates within the party from the rnc's commission and changes to make, i want to ask you about some of them that impacts your states in the region of the country. they are proposing fewer caucus us and conventions and more primaries. do you think more primaries are better for the party and get rid of caucuses and conventions?

>> i don't know the answer to that, but it's important to be honest with ourselves as a party and honest with the american people in what we found. we need to do a better job than we have done in the past to talk about why policies are good for the american families. people want to know what's in it for them. the president won because many more people believed he was for people like them than the republican nominee. i want to do what 30 governors are doing around the country. listening to people in their states and coming up with things that affect the quality of and work to keep more dollars in the pockets of hardworking americans.

>> always great talking to you. thanks for being with us.

>> thanks for having me.

>> coming up next from board rooms to battlefields, we examine shifting power structures around the world. this is a great book talking about disruption. you talk about the law of unintended consequences .