i don t want to see default. i don t want i don t thinki we want to get anywhere close to to it.here are you close to it now. we are bad for our economy we and bad for our country. b and so i am trying to find a common ground that is doableound in the time we have remaining. and let me just ask you and it is the last question, how qut disappointed are you?apd ar according to your plan as weacc understand now, and it mayderstw change, a trillion dollars in spending cuts in thepend short-term? short-ter how disappointed are you that after months otef talking after this urgent deadline that it i seems now that maybe the mostst that washington can come up c with when you are spending $46 x trillion over the next decade is $1 trillion in spending?endig after over six months the conversations with the president about doing the big te deal, about taking a big step st in the right direction. it is pretty clear to me that they are just not willing tong do it. that the next election ma
and pass a, here is a plan to keep you out of default for six months and dare the senate, dare the white house to veto it, to block it? prefer to make a deal with the senate democratic lead are harry reid. that s what happened yesterday. an amazing moment. a meeting in the white house yesterday morning, they walked out and the speaker said i m going to convene a meeting only of congressional leaders and had that late in the afternoon only on the hill and asked one of the speaker s aide, who represented the white house on that, the government, the white house is always represented at the meetings on the hill. no one, it was the four congressional leaders alone. they have decided and i think, i think harry reid sort of believes it, and can t quite say it, president obama and secretary geithner are part of the problem and not part of the solution and they re going to try to cut a deal on the hill, cutting the president out. and pelosi is putting pressure on, hard to get the two stage ag
criticism among the houseouse republicans and i m sure someeo will shake their heads watching what you just said waty that you are too eager forout yu this grand bargain.this too eager to make a deal with barack obama. t what iore am eager for is t. do the right thing for the country. i think i am here to be a congressman and to do something on behalf of myssman. country.o i want to be speaker of the house because i needed a big, fancy job.ecome saker of the i wanted to be speaker so i b can lead an effort and to do the right things for our takes country. we have t ao spending proble. i will do everything i can torol i m tackle this problem in as big a way i can because it is the a right thing for the country.se s even if it causes heartburn in the house gop caucus?: even i it is about doing the right. thing for our country. you now say you and the president are from differentd t planets. you have twoen tierm differentns views of the world. what made you ever think t what
over this with secretary geithner.s cfere you say you agree to $800 billion in new revenue last weekend in a meeting withinith secretary geithner, and that the president moved the goalpost.yoeard you heard his response, wellwel we didn t really have a deal. did you have a deal with d secretary geithner?thner? last sunday i thought there was an agreement. it was $800 billion of new revenue coming from a flatter, fairer tax system that would agaiour economy moving again and employ more americans and bring more revenue to the federal government.ve and i believe we could get there.onsday on tuesday the president saidded they needed more revenue. mr. cantor and i told the ayesident no.wesd wedn tesday they said theymo needed more revenue. s we said no.or thursday, need more revenue, we said no.rida friday afternoon when the president called me and demanded $400 billion in more rn
and that would be a c: toda republican plan and it is along the lines i have talked te about, the l two-step process. , cuts now and deem limit increase into next year. tt t debt limit increase intot next year. i don t want to get into ife details of what it may or may not be. dails 23 i had the details i wouldnn be happy to their with you. we are not there yet. the s&p ratings agency says it will consider down gradingn f our debt even if the debt inc limit is increased if you end up with a short-term deal indicating washington isn t a serious about dealing with this issue.hat isn t that a concern that the markets could look at a trail-dollar cut and a short-term deal that kicks the can into next year and youer mar would get another markett s meltdown?hat i think it is important we l deal with our long-term problem. it is serious.ut whshington s spending has been out of control. and what has happened over theys last two years shows how muchot out of control it got. trillion