Detailed text transcripts for TV channel - MSNBC - 20110717:15:39:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20110717:15:39:00

number one issue over the deficit. so they really want to see us getting back to talking about jobs and dealing with our deficit, yes, but that's more a medium to long-term priority. >> but ron, to you, if this deal does not go through, if a deal does not go through and we default on our obligations, won't they all be at risk here of taking a hit? >> well, i don't think it has to come to that. i think the house of representatives has been very responsible in their leadership. next week the majority leader eric cantor has indicated that they're going to bring the cut, cap and balance bill to the floor. house republicans will pass that. senate democrats and the president will have to decide do they want to play politics on the issue or do they want to have a responsible vote on a bill that will allow the debt ceiling to rise -- >> and ron, most likely that will not pass, right? >> well, again, the senate democrats haven't produced a budget in over 900 days. the house democrats when they were in leadership didn't pass a budget amendment. so the republicans are leading. the republicans are taking the deep votes. and the republicans are putting the specifics on the table. >> you know, that's --

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