Page 37 - August 2 News Today

Thought? all hard to believe that. it is so ridiculous and illegal and unconstitutional i cant believe they would invite a constitutional crisis but subverting congress, the law and the constitution. >> at this point with 27 days, roughly four weeks before the august 2nd deadline do you believe were at such a desperation point the democrats and the administration would come out with something like this? and what is the move to counter that? >>guest: we are not that desperate. the administration ...

Mcconnell plan or going past august 2. >> the mcconnell plan doesnt have 218 republican votes. there is all kinds of conservatives who will not support the mitch -- as chris pointed out. >> chris: i want to hear you just say, you are saying that the mcconnell plan will not pass the house? >> who knows if there is a combination of rs and ds that will go for it. house conservative members, members of the republican -- they are not going to support the mcconnell plan. im not going to support the mc...

>> oh, yeah. >> thats good for him politically. >> and these guys are just -- with the talks in limbo, president obama held a news conference before yesterdays meeting. theyre being difficult. >> whos that? >> the republicans. theyre being difficult. >> are they? >> yes. >> saying hes still pushing for the largest deal possible, but the president made it clear he would veto any short-term fix, declaring, quote, we will get this done by august 2. >> i will not sign a 30-day or a 60-day or a 90-da...

Slashes medicaid and slashes deeply into education and protects tax breaks for special interests. they would write that into the united states constitution under their proposal it would be easier to cut medicare than it would be to cut subsidies for oil and gas companies. you have a majority vote to cut medicare and create special interest loopholes. you need two thirds to close tax breaks. that is an antimajorrity provision. framerwould be turning in their graves if this passed. >> chris: what ...

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Part of a larger effort to cut rates but he cautions it may be too late to add this to a budget deal. >> i think its clear that republicans are opposed to any tax hikes, particularly in a fragile economic recovery. the last thing that employers need is further disincentives to not hire people. and thats what a higher tax would mean. do we believe that tax reform is necessary? i would say absolutely. not enough time to get this done between now and august 2. but it ought to be the first thing we ...

>> rick: we begin with the debt crisis in our nations capitol. negotiations on hold between president obama and congressional lawmakers today. instead, both sides taking to the air waves making their cases directly to the american people. as an important august 2 deadline fast approaches, molly henneberg is live from washington. hi, molly. so the president is pushing more of his you give a little, i give a little message today. what can you tell us? >> hi, rick. always nice to see you two. repub...

>> we rationalize we can borrow money to fight wars rather than make the hard decisions. when we should have. a $2 trillion package will do nothing to reassure the world economic community that we get it. >> he plans to release his own blue print for cuts. is that steve centanni, live in washington. thank you. with 16 days left until the federal government exhausts all borrowing authority, one g.o.p. senator is working to make sure that members of the military will still get paychecks. joining u...

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>> we dont have to do anything radical to solve this problem. we are not grease. greece. we are not portugal. it turns out that our problem is we cut taxes without paying for them over the last decade. we ended up instituting new programs like a prescription drug program for seniors that was not paid for. we fought two wars. we didnt pay for them. >> of course, the president would never think that raising taxes in an economic recession is radical. joining us from washington is a.b. stoddard, the...