Page 7 - Debt Increase News Today

An oil guy. >> magic number is 218. were trying to get 218 votes and at the same time, trying to save enough money to offset the -- we feel strongly about. texans do not want the government to pass debt on to our kids, nor do i. were looking for a way to offset that debt increase dollar for dollar. >> is boehner buying votes. >> of course not. this is a matter of principle. this is a matter of core principle. i mean, youve got great ideas that a have passed the house that conservatives believe i...

To our kids. nor do i. so were looking for a way to offset that debt increase at least dollar for dollar. >> is boehner buying votes? >> of course not. no, no, no. this is a matter of principle. this is a matter of core principle. youve got great ideas that have passed the house that conservatives believe in as a matter of principle. and by putting these different ideas together on the debt ceiling bill, chris, theyre matters of principle. i think thats a great idea and that might help cause me ...

With george bush, and for them it was not obama care, it was the iraq war and they dug in against the president on the iraq war andoused the debt ceiling increase as lack of leadership and failure in iraq and now the republicans are doing him that. and the turn about is taking us down a dangerous cul-de-sac. bee havent had a budget for all of these years including when the democrats were in control of washington. and therefore, the debt increase and spending is totally uncoupled and who knows? >...

We have never defaulted. and we must never default. martha: there you have it from jay carney at the white house. bob beckel, former democratic campaign manager co-host of "the five." brad blakeman former deputy assistant to president george w. bush. you have to pay the bills, brad and bob, and theres just no negotiating on that and there is no deciding when you do pay the bells it might make some sense to rein in some of your spending going forward because youre racking up a big credit card. br...

Aaa. people realize after that, all right, were no longer aaa. whats bad about that is we sort of set our aspirations lower and we sort of acted that way. >> well, maybe so, but perception, you know, may sometimes be stronger than reality. but ultimately reality kicks in. look, weve already seen the treasury bills up -- or the 10-year note up a full percent. thats a big cost to us financing this $17 trillion. we dont even know how much of a debt increase -- or ceiling increase theyre asking for....

Will act to --. martha: i guess what im asking for in terms of a plan, are you going to put forth something that says, we, the house republicans believe that this program should be cut, this agency should be cut, these are the spending cuts we would outline in order to offset the increase in the debt ceiling? we believe that there needs to be cuts and these are what they would be? are you going to do that? >> martha, well get together this weekend and well crunch all that out. i dont want to pre...

>> first of all, chuck, you just wish the president werent so adversarial in his tone and the way he deals with the congress. you know, in the past -- >> let me stop -- wait a minute. let me stop threw. >> a lot of people will say adversaryial relationships are a would-way street. >> they are. and thats why we have tried to reach out to the president and offer alternatives. we had a budget thats passed the house each of the last two times. senate hasnt had one in the last three years. look, we i...

Today from november of 2009 when democrats did control the senate. a number of democrats like dianne feinstein, mark warner, kent conrad wanted to create a commission to study entitlements they thought was a serious issue. they threatened not to vote for a debt increase unless they got their commission. this was democrats as a majority party. >> neil: so, where is all this going? obviously the president was trying to frame this today if we have a debt ceiling quagmire, its all on the republicans...

Typical washington, wait until the last minute. im wondering why were doing this on new years over, but a deal is a deal. in many respects, you can sum this up very simply. for all these many years, democrats have complained about the bush tax cut causing the deficit and tonight looks like the deal has been cut with joe biden and the democrats to make those very same tax cuts. at least a majority of them, $3 trillion permanent. the question? how is it paid for? where are the spending cuts to off...

The two candidates are getting ready for their closeups. right here tomorrow night. both have spent considerable time on tactics and strategy for this first debate. chief white house correspondent ed henry looks at what the two men are likely to face from each other. >> trying to project a calm and cool image ahead of the critical first debate. president obama delivered one of theness campaign offices and dialed up volunteers as he compared debate prep to cramming for a final exam. >> its a drag...