deficit reduction program that we have. congressman john yarmouth. good to see you. thanks very much. we already talked about norquist whose influence seems to be diminished and there is a couple of other big players and i think we need to talk about paul ryan. the big headline is on cliff ryan faces two paths, will he stick to ideological purity or compromise to get a deal. how influential is he? we haven t heard much from paul ryan. i was more intrigued with eric cantor, so often the thorn in the side for speaker boehner is now saying he wants to get in there and do a deal. it was definitely a more conciliatory tone. he didn t give too many specifics but it was a different tone. in some accounts it was cantor s pressure in leaving conservative house members against boehner a bit and that first time around that helps settle things a little bit. i thought cantor was saying
the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn t very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn t make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner s idea. obama care will not be part of debt negotiations. boehner is up to something here, don t you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he call eed obama care the law the land, but also tried to link it to obama care and the budget. you had said, next year, that you would repeal the health care vote. that s still your mission? well, i think the election changes that. it s pretty clear that the president was re-elected.
a time when our national debt already exceeds the size of our country s entire economy. we can t afford pinpoint and we can t afford to leave it intact. that s why i ve been clear that the law has to stay on the table, as both parties discuss ways to solve our nation s massive debt challenge. mr. boehner, this is not what the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn t very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn t make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner s idea. obama care will not be part of debt negotiations. boehner is up to something here, don t you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he called obama care the law of the l
the austerity measures, it s given pause to how we handle our own fiscal issues. and why there is this sense of that the united states is afraid of doing being as astere as you guys were. basically you went back into recession. we now emerged from it. we cross our fingers we will stay out of it. you have advantages. you have the reserve currency. you re the biggest economy in the world. we did not have that. we re not part of the eurozone. if we had not stuck with the deficit reduction program our borrowing cost for sterling would have gone through the roof whereas partly because, largely because of the program that he is pursuing now, he can borrow money for the british state at lower rates than possible in 600 years. that makes a difference. let s talk about the two big crises that i think are going to be on the desks of this alliance, if you will, and that s syria and iran. first of all, in syria e what more can be done, what should be done if the united nations isn t going
press. but let me start with sort of where things are. give me an assessment of where the uk s economy is right now. you guys have done different measures on the financial choice sis than the u.s. our economy is still in a decision. we had three consecutive quarters of negative growth. we just had encouraging news. we grew out just over 1% in the last quarter. on the back offed a jurgsmentes from the olympics and so on but good news. we ve gotten rid now of one-third of the deficit which our deficit reduction program was designed toe get rid of me with have austerity program which is tough but is having a real effect. we re balancing with a bunch of different measures to stimulate growth and investment and our fdi figures are high. lots of companies coming into the united kingdom. we have come a long way, cutting red tape, improving the overall environment for investment. it s a balance. but we feel that we re on the right track. you know, when you have u.s. lawmakers are seeing wh