Live Breaking News & Updates on Foxn Chrisim Chris Wallace
Stay updated with breaking news from Foxn chrisim chris wallace. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Thinking about is that you would instead of specific proposals you would come up with targets for spending. for revenue. for entitlements, and, that if they are not met by subsequent congresses, there would be automatic triggers to cut spending or to increase revenue. is that where you are headed. well, chris, first of all, what we have to do is, when we see an increase in revenues, coming into washington, we have to make sure that congress doesn t have the ability to spend that. because, history dick indicates to you, that if we have revenues coming in, that are uncontrolled, that is what will happen and what we have to make sure of, and frankly one of the major issues, that we are dialoguing about in or group now is what do we do with those revenues? we need to be sure that we commit the most significant part of those revenues to tax reduction. tax rate reduction, get our corporate rate down to where we are competitive in the world marketplace, get our individual rates down to wh ....
Budget, to promote more plans, what happens now to the domestic industry? you can probably save $36 billion. from the 2012 budget, it is a bit of a set back to nuclear power in the u.s., going out on a limb to make that prediction. and, people say will we build new plants and 20% of our electricity comes from nuclear power plants, and two are on the coast in california and they are earthquake resistant and i guess, there could be a tsunami there and the tsunami did the most damage and, you ask how resistant they are to damage and on the other hand, i think as you say, the alarming fears, whether or not they certainly, if hey come to fruition and let s hope they don t, bound to be a set back for nuclear power and makes stronger the case for going after natural gas and oil, domestically. chris: you don t know how bad it will be, when you hear the japanese situation mentioned in the same sentence with three mile island and chernobyl after three mile island we had a ....
Top of this and monitoring it and we are looking forward to seeing what their recommendations are. chris: senator mcconnell we have to leave it there and thank you so much for coming in today, always a pleasure to talk with you, sir. thank you, chris, a bipartisan effort to find an answer to this nation s growing and dangerous debt problem, we ll talk with two senators behind the effort, right after the break. he d yet to he of mutual funds, iras, or annuities. back then, he had something more important to do. he wasn t focused on his future but fortunately, somebody else was. at usaa we provide retirement solutions for our military, veterans and their families. from investments. to life insurce. to health care options. learn more with our free usaa retirement guide. call 877-242-usaa. those of who know grass doesn t turn green just because the calendar says to. and that a g difference can grow from a small budget. for those of us with grass on our sneakers. ....
And reform, our complicated tax code in a major way and when you do that everybody does have the skin in the game and everybody gets. chris: let me bring in senator warner, for you as a democrat, having skin in the game means you have to take the politically unpalatable choice of cutting entitlements, as a democrat, are you willing to scale back on benefits for social security, and medicare, and medicaid. we have to do all of this. because, otherwise, if we focus the discussion as we have, so far, the back and forth in the congress, all you are cutting is 12% of the federal budget. the domestic discretionary spending and you are seeing, actually, good programs, perhaps being eliminated, because you focus the discussion only in that area. you have to put everything out, that means, saxby and i will probably take arrows and, he on the republican side and we, because we are reforming the entitlement issues and every day we punt and don t act, we add $4 ....
Foreign countries, the american people, believe is a credible efforts to begin to get a handle on spending and debt. chris: i m trying to clear up. when you say do something important, does that mean that you would have begun negotiations or does that mean that you would have a final deal? it means i will not negotiate the deal on your show but we have a sense how to get at the problem. the administration, understands that we it and we understand it and we need to come together and figure out what we can do and add it to the debt ceiling. chris: i want to ask about this aspect of the debt ceiling, speaker boehner said the other day, failing to raise the debt would be irresponsible. he said if we fail to increase the debt limit, we would send our economy into a tail spin. i guess the question is, he seems to be saying, no matter what, we ve got to increase the debt ceiling. as you know i talked about the senate and there are 53 democrats and 47 republicans. ....