Page 4 - Debt Ceiling Problem News Today

>> congressman, whats your preferred outcome for the debt ceiling problem and whats the most likely outcome? >> the most likely i think is were going to end up raising it. i think flirting with the debt limit. this is something people need to remember. i was around in 20 -- i guess 2011 the last time we were flirting with it. the stock market dropped significantly right as we approached it. we didnt even touch the debt limit. you dont screw around with this. this is paying your credit card bill,...

But anyhow thats how we stand with the wall. then hes trying to make an enemy out of mcconnell and ryan, trying to distance himself from them. if things go south this fall if either theres a debt ceiling problem or the budget doesnt pass, or the wall funding is not there, or tax reform blows up, all of these potential failures trump wants to be as far away from that bomb as he can and be able to go around the country and say, its your fault, paul ryan, its your fault mitch mcconnell, you werent ...

Very poor prospects of ever being paid back. we took -- . >> tucker: tell me the time line here though. when is this going to happen? 100 years from now? 200 years from now? >> no, i think itll be happening in the next few months. what happened in the fall was that the treasury built up a kind of a war chest of about $400 billion and the idea was that that would be available for hillary clinton, president hillary clinton to use to get through the debt ceiling problem. and they managed to burn th...

Cant really generate a whole lot of new debt because it has very poor prospects of ever being paid back. >> tucker: tell me the timeline here. when will this happen? 100 years from now? >> i think it will be happening in the next few months. what happened in the fall was of the treasury built up a kind of war chest of about $400 billion and the idea was that would be available for hillary clinton, president hillary clinton to use to get through the debt ceiling problem. they managed to burn thro...

Common which is when the inevitable happen prepare for it and let it. i agree they may have stage crafted a little to get something more out of it but this was going to happen. republicans have a unified strategy which is make this election about the affordable care act and they had to get this monkey off their back and i think the two leaders took risks because, again, they knew this was inevitable and it was bad for the republican party to have an extended fight against the debt ceiling proble...

In motion. that was the theory. would it hold? >> do you actually see anything changing until we do hit some kind of government collapse? >> i hope not. >> january 31st, butts county, georgia. >> i believe in the constitution as our founding fathers meant it. >> reporter: thats congressman paul brown. president obama had republicans like him in mind when he proposed the sequester back in 2011. >> if we went back to the original intent of the constitution, we wouldnt have a debt ceiling problem. ...

That was the theory. would it hold? >> -- actually see anything changing until we do hit the government collapsing? >> i hope not. >> january 31st, bucks county, georgia. >> i believe in the constitution as our founding fathers made it. >> thats congressman paul brown. president obama had republicans like him in mind when he proposed the sequester. back in 2011. >> if we went back to the original intent of the constitution we wouldnt have a debt ceiling problem. >> people need to remember what t...

11 of the partial shutdown. president obama and congressional republicans are starting to work together. >> now to the latest on the shutdown showdown. there appears to be movement to get the government back to work. >> like that shutdown showdown has a ring to it. how has the media done covering high stakes back and forth? ramesh, first to you. how have we done? >> as eleanor said earlier its a complicated and fast moving story. i give reporters some slack on it. i do think that the atmospheric...

Money to necessarily pay our troops in full. we wouldnt have the money to pay our veterans the benefits in ful full. >> that is treasury secretary jack lew, arguably a pretty important guy right now. he is warning the senate finance committee that default is default. there is no other name for it. and that government computers arent set up magically to pick and choose between which bills we should pay, which ones we shouldnt and how we should prioritize if thats the way we have to go in the even...

Arent we just giving republicans a fig leaf to get out of the debt ceiling problem? and allowing them to keep their obama care argument on keeping the government running. so you know, the president is getting it from all sides, getting it from democrats. hes going to get it from conservative republicans, so that meeting should be interesting. both meetings interesting. >> i think i would be pulling my hair out if i was working and living and eating -- >> i am. >> thanks to both of you. let me ge...