Page 25 - Debt Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Even with the successful people. it's contrary to the american dream. it will not do anything to address our revenue issue and our debt issue. david, how can you support this? >> david, just a moment. you and sean both agree, and i want to join you in this, we need to do something about spending in this country, it's out of control. we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on...

There is a feeling that boehner's got room among conservatives to make a deal, maybe fold on the rates issue, let them go up if he can get this medicare deal. that's still a big question, as the chairman says. whether there is a big deal to be had in terms of actual medicare cuts that will be good enough for republicans to say okay, we can take some tough medicine on tax rates because we're getting kind of a bigger deal. but i think for the president, he has an opportunity here to own the debt issue. he can be part of a big deal that he can sign, therefore he gets the credit, he owns it, to br...

Time after time on the appropriations bills and the farm bills that have the important earmarks, the terrible and egregious subsidies which i have opposed all along and i am sure grower has been well aware of that. >>neil: he has in conversations, he has said that but what concerns him is that republicans seem to be running around with the tail between their leg after the election and acquiescing on revenues and letting the democrats stream roll them and he says they will pay in two years. do you feel threatened? >>guest: will, republicans have to be for some things and we need to be for thing...

I'm excited that the united states of america, we're going to take care of our debt issue and you look at the opportunities in energy, not only natural gas, and what we're finding in the plain states in oil. three years from now -- >> we could be. >> three years from now, the united states is going to be up here again and all the people saying that china is going to overtake us and india and brazil, they're going to look as foolish as they did when they said japan was going to do it in 1989. that is going to happen. >> the others are not going to overtake us. the question is if we can get out ...

That. >>neil: i think, congressman was one of the few who address the debt clock, maybe not the way some republicans would like. he joins me now. i have to say, congressman, it is amazing, with the exception of you referring to it, how few of your colleagues spoke to it. >>guest: i beg to differ on that. i mentioned it and president clinton talked about the deficit and the debt issue, he pointed out, really, what i pointed out, weapon he left office we actually had projected surpluses for a long period of time because when he put together the economic plan he did it to a balanced way. he inves...