republicans. but before that there was not a lot of effort of the administration reaching out to the other side. as much of that on the substance, the alternative scenario i would like to run is what would have happened if the president embraced that from the beginning and spent the first six months of the year working in a concerted discipline, focused way, to get simpson bowls to be consensus it may not have worked because of where the republicans are, but he let weeks and months pass, and the president did not put a serious budget out, and got zero votes in the united states senate, and the senate did not pass a budget this year. democrats do not have clean hands. democrats have not been serious about the debt.
we can surely extend it five or six months. have this committee in congress come back and report on the way to continue to reduce our deficit, and in that way avert the disaster and move forward with progress. the single most important thing to president obama is extending this beyond his re-election campaign. he just doesn t want to have to deal with it again. with us now, new york democratic senator chuck schumer. how do we get a deal? i think there s some hope today. senator reid is going to put forth and offer that meets the democrats main criteria, going past 2012, and the two republican criteria. enough cuts to equal the amount you raise the debt ceiling and no revenues. i think that has some hope. hopefully it s the kind of thing that speaker boehner can rally his tea party troops towards.
competiti competition, and what will be the future trajectories. if we don t get things like this right, every day and hour that goes by it begins to have an impact on other countries. obviously your job is to stay connected with everybody that matters across the globe. what are they saying about the united states of america and its system of government right now? it s not working. it affects them. what this will do is change the way the world works, and it means people will be less open to the dependance in the united states, and less open to american leadership, and the dollar will not be the reserve currency of the world because they do not want to make themselves vulnerable to our domestic independence, and you saw it start two years ago, and
system of ours could deal in a serious way with the deficit. the president is intent on making sure, and all of the congressional leaders, senator mcconnell, and boehner, and read and nancy pelosi said the debt ceiling will be exstenedded but it must be extended that will give certainty to the economy. so john, let s we have obviously focused on the republicans, and the responsibility front. does president obama and this administration bear any responsibilities for a lack of interest in the talks? yeah, things changed after the sa november when the president made an attempt to reach out to the
steve ratiner. how many checks does the government write per year? $1 billion, and that doesn t include the defense department. if we said let s not pay this or that, it s not clear they have any way to implement that. they never had to do this before. it s not like as you were saying before, we will just print out social security checks for people on the east of the mississippi. we re in unchartered waters here. you have a whole school of people saying we should pay the debt first, which is 40% of our budget, and that would mean cutting off all the social security people, and so not to default on the debt or vice versa.