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Say they favor something along those lines a balanced budget limit. when you talk about how to get through that either through program cuts or tax hikes, those numbers flip. people are a lot less likely to go for it. how do we get to some sort of compromise when they athey like the idea of balancing the buckets. they don t the budget. they don t like how you get. there my book the freedom agenda that explains some of these points. because americans don t agree in the advance how we balance the budget. we need to get them behind the point they overwhelmingly agree we are going to balance it put that mandate in the constitution so each congress can be bound by that same set of rules. we may not agree in advance how we will balance it because we agree it does need to be balanced we have got to strike that right now. shannon: you are lawyer educated in that field. you have had dynamic background including clerking of the supreme court. i have to ask you a question, constitutional nat ....
Be the core of any kind of solution to this mounting debt that threatens america with a insolvency and bankruptcy. to me, we can t just pass a balanced budget constitutional amendment and wait five, six, or seven years for the states to act. that risk in insolvency and bankruptcy that is a major threat to the united states of america s economy international defense capabilities. so from my perspective, first, if you are going to have a debt ceiling increase say of $2 trillion, jewels to throw out a number, okay, first trillion when congress passes that balanced budget. and then the second trillion only goes into effect after the states have ratified it therefore, there is pressure on the states to approve a balanced budget constitutional amendment that will protect future generations from the kind of problems we are facing today. shannon: is there a rift within the g.o.p. we have 240 something house members and 240 something different opinions. i suspect that the same can be said o ....
Tried to nail down with treasury secretary tim geithner. here is their exchange. our plan is to get congress to raise the debt ceiling on time. chris: that s not a plan. that s their plan too. it will happen this time, too. we do not have the ability, chris, tom protect the american people from the consequences of congress not taking that action. here at the white house can i tell you we have been talking to officials here. they say discussions continue and it s not clear whether we will get to a point of some framework later this afternoon or not, shannon? shannon: all right. mike emanuel live at the white house. thank you, mike. thank you. shannon: cut, cap and balance act would cut federal spending by $111 billion future caps on future spending and establish the framework for a balanced budget amendment. this week the senate blocked the measure the house had already passed. so what options are left? joining us now a house democrat who said cut, cap and balance would, g ....
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