Page 21 - Leverage Point News Today

Believing the fight worth having is over funding the government in a potential government shutdown. the risk, if they use debt ceiling as the leverage point could risk using this fight for good in alienating a key fight in business, but to gain any leverage back, house republicans have figured out a realistic plan. for example, how to raise the debt ceiling. can they even get that passed? at the end of the week, boehner will head to williamsburg, virginia to walk them through the consequences of...

Compromise and what hes not willing to compromise on. lets look at what the republicans are using as a leverage point, no less than the full faith and credit of the united states. we got a good window in what happens when you do that in the summer of 2011 when the debt cre ceiling was part of those negotiations, we had our credit rating downgraded, a huge hit to the economy and the recovery. the debt ceiling is a separate issue. congress incurs bills, they have to be paid and the debt ceiling wi...

Spending side of the ledger. lets say that leader mcconnell and vice president biden reach an agreement today, which i certainly hope they will, but that agreement clearly is just going to be on the revenue side. the majoritys going to be on the revenue side, and the problem is on the spending side. its ironic that the one proposal that leader mcconnell put forward, which was an idea that came from the white house, which was that you control the rate of growth of entitlements by changing the cal...

For $1 trillion in increasing the debt ceiling and so that is our next leverage point. it is a shame that in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you have to have the leverage points. you would think that people would just sit down, solve the problem because we know it is our greatest threat. but that is not the case here. we have a president who has not laid out a plan. obviously a spend-aholic. he doesnt really worry ...

Congress, one house or the other, and both houses would have to by two-thirds disagree, it would happen. and it would happen as a result of votes by the congress of the united states to spend money and to borrow must be. not to set a debt limit at an arbitrary rate that puts our credit at risk. so i would hope that speaker banner would not make this an item of leverage, because it -- is that a deal killer? >> i think it would be a deal killer. if that becomes a leverage point. of course, we wont...

The fact is, the debt limit is simply a recognition of what we have already spent, what we have already decided to do. and its irresponsible for us to say that the most credit-worthy nation is not going to pay its bills. so i would hope speaker boehner would take this off the table. i think the presidents offer of taking the minority leader, senator mcconnells suggestion, of, okay, put the burden on the president of the united states. whether its a republican or democrat, saying we need to raise...

Point. of course, we wont know that until probably some time late next month or early february. but i would hope that the speaker would not pursue his intention to make that a leverage point. >> congressman, when eric cantor says he needs to hear specifics from democrats, what do you say to that? >> i said on the floor today, the president of the united states has put a long list of specifics on the table. have put it on his budget, has put it on other proposals that hes made. the republicans, o...

Democrat, saying we need to raise the debt limit. and if two-thirds of the congress, one house or the other, and both houses would have to by two-thirds disagree, it would happen. and it would happen as a result of votes by the congress of the united states to spend money and to borrow must be. not to set a debt limit at an arbitrary rate that puts our credit at risk. so i would hope that speaker banner would not make this an item of leverage, because it -- is that a deal killer? >> i think it w...

You want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get some spending. >> paul: so use spending on discretionary and defense to leverage better tax policy out of the president. bret? >> well, good luck. (laughter) >> first of all, lets bear in mind weve already cut 500 billion dollars from defense. you know, i was out on an aircraft carrier in the persian gulf a few months ago, this is a ...

Is, in his words a sin. >> david lee miller live in jerusalem thank you. the state department is calling for calm after mohammed morsis power grab as opposition groups gather to ban the sweeping powers, the white house is quiet. congressman john garamandy joins us now. >> good to be with you. >> your colleagues on the senate side, some have been vocal, senator lindsey graham comes to mind about the issue of funding for egypt. that is something we need to highlight for them in hopes of coercing...