Page 43 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Well with each other, talking to senator mcconnell about that relationship before. he talked about how well he can pick up the phone and call vice president biden. it happened back in the debt ceiling issue in 2011 and they worked well together over 23 years in the senate. but that aside, whatever they agree to together on the phone behind closed doors. you still have to have the votes in both chambers. in the senate it's complicated because you have to get over that 60-vote flesh hold. republicans could say this is a fiscal issue and the minority concedes you can deal with this budget issue o...

$600 billion, $600 billion to $800 billion in revenue by raising the tax rates. in an economy where we are talking about a $16 trillion debt that is going to grow to 18 or are $20 trillion the next ten years it does nothing to address that and as lindsey graham said the only chance that republicans have to really deal with entitlements which are the main drivers of our debt but also other spending programs is to really dig in as he said, have the courage of their convictions when it many coulds to raising the debt ceiling which is going to come in about two months so we won't have long to wait...

To do anything about stopping real problem?lem fo if you take the amount raised. $600 billion increase in revenue to the government over the next ten years. $600 billion in terms of a deficit of $16 trillion going up by another 2.5, $3 trillion in the next ten years is peanuts. >> you heard lindsey graham talk about entitlement reform and that is what republicans want to press and a debt ceiling issue. if you look at sentiment among democrats especially further to the left since the election their feeling has been president obama won and we will not take this out of seniors and we will not tak...

Cave on principles and the real issue here is spending. it's a spending problem that is demonstrated by the debt ceiling issue that just came up. >> that's right. >> so where do we go from here, congressman gohmert? it's been put squarely in the senate in their hands. and we heard from harry reid today." he doesn't have any intention of moving forward. president at the last hour is reaching out finally to some republicans in the senate but they don't have the right to originate constitutionally spending bills from there. where do we go from here? >> either the senate will do their constitution...

Dug in and nothing is getting done? >> well, it's -- first of all good morning, thomas. it's easy to be critical, because he hasn't done anything he entire two years he's been speaker other than haul up his white flag of surrender and roll over every time barack obama wants something. we have a huge problem. it's not our taxes. we're spending way too much money. as your previous guest was just talking about, we're hitting the debt ceiling, 16 trillion, they want to increase it to 18 trillion. by 2022, it will be 25 trillion the at some point this all comes crashing down. >> we already had the ...