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Cap and balance. >> we are going guilt a vote on saturday. >> what do you see the numbers? >> it will take 60 to get to the magic number in the senate. i think the house demonstrated, this is what we can pass. we have an alternative that puts, i think, the president and the senate democrats in a position to answer with something. so far, the president hasnt put a plan out, the senate democrats havent put a plan out. we dont have a budget in over 800 days. theyville to react to this and get on th...

This is what we can pass. we have an alternative that puts, i think, the president and the senate democrats in a position to answer with something. so far, the president hasnt put a plan out, the senate democrats havent put a plan out. we dont have a budget in over 800 days. theyville to react to this and get on the record. they will get a chance to go on the record on saturday on cut, cap and balance. >> after the cut, cap and balance vote, i assume this is not symbolic, beyond that when you ge...

Proposal think a couple of things about it. it freezes spending at 2011 levels which enshrines and locks in the huge spending increases of the last two years. >> greta: and you want to go back to 2008? >> the cap and balance goes back to 2006. we want to go back to before we were spending like drunken sailors here. it isnt clear which baseline you are using. we all agree it constitutes a tack increase. it is how big a tax increase. that is something we shouldnt be doing in the middle of an econo...

You agree to the american people that it is not going to be a reality as much as you want it? >> i think it is a straightforward serious meaningful proposal to deal with the spending and debt issue at the same time we raise the debt limit and i think we have got to address the debt if we are going to raise the debt limit. there isnt another plan out there that does that. if it doesnt pass, then what is the next step? im not sure i know the answer to that at this point. but it has got to include ...

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>> no, no. i think they have made a good-faith effort. there are a lot of colleagues who put a good amount of work into this. but there are a lot of details that we dont know. many of us who have looked at their proposal think a couple of things about it. one is it freezes spending at 2011 level, which enshrines the huge spending increases we have seen in the last two years. >> you want to go back to what, 2008? >> 2008 or cap and cut goes back to 2006. but we have been spending like drunken sai...

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This is what they can pass. an approach. we now have an alternative throughout that puts the president and the senate democrats in a position they have to answer with something. so far, the president hasnt put a plan out. the senate democrats havent put a plan out. we havent had a budget in over 8 hyundais. they have to react to this and they will get on the record and get a chance to go on the record on saturday on cut, cap and balance. >> greta: after the cut, cap and balance vote. i assume th...

Debt if we are going to raise the debt limit. there isnt another plan out that there that does that. if it doesnt pass, what is the next step? i am not sure i know the answer at this point, but it has to include meaningful reductions in spending or its going to be very, very hard to get any republicans in the house and the senate to vote for it. >> i know you said no. have you made the announcement no. a lot of things have happened with different candidates. have you reconsidered it just a littl...