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CNNW State Of The Union May 15, 2011 - Vimarsana News

CNNW State Of The Union May 15, 2011

budget cuts before he agrees to raising the debt ceiling. and then there's the democrat-controlled senate. >> we shouldn't be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republican leader mitch mcconnell and paul ryan, chairman of the house budget committee. then presidentia...

CNNW State Of The Union May 15, 2011 - Vimarsana News

CNNW State Of The Union May 15, 2011

money, there will be no increase in the debt limit. >> boehner wants $2 trillion in budget cuts before he agrees to raising the debt ceiling. and then there's the democrat-controlled senate. >> we shouldn't be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republican leader mitch...

Detailed text transcripts for TV channel - CNN - 20110515:16:03:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110515:16:03:00

Government. think of ronald reagan and tip o'neill working together to save social security for another generation in 1983. think of bill clinton and the republican congress balancing the budgets and passing welfare reform. this is actually a great opportunity to address this burgeoning problem. we have a $14 trillion debt. it is as big as our economy which makes us look a lot like greece. and over and above that, we have $50 trillion in unfunded liabilities. that is promises we've made, very popular programs, medicare, social security, medicaid, that we can't meet. so rather than thinking of ...