Page 6 - Representative Boehner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We don't pay that on time. here is the corner quite frangly that representative boehner and others have painted themselves into. you need to have done this at the beginning of this crisis before getting this close. what has happened now is that they have allowed the timing to get so close to the end they may not be able to do the cain plan or the four things that i talked about. they may have allowed themselves to get into a corner where they may be forced to and i still call that they should have seen this coming which they did but it didn't move fast enough. >> chris: but even your plan -- >...

>> chris: under the cain plan you would pay our chinese creditors first, while substantially, sharply cutting service, programs for americans. >> yes. but not -- pay the debt on -- interest on the debt first, make sure we take care of our military and and their families and thirdly, making sure people get paid their social security checks and fourth, make sure people's medicare bills get paid and then you look at everything else, and that is where you start cutting. you don't start cutting until after we take care of those things, now -- >> a lot of serious cuts for people, paying the chinese ...

Critical things, then we can take a look at everything else in terms of where we need to cut. it might mean a furlough of federal workers, which is not a bad idea. >> quickly, mr. boehner last night mentioned he would be interested, he would be allow a debt ceiling raise if there were equal cuts in spending. is that fair? >> it's fair. but it's another stall tactic. frankly, i'm disappointed with representative boehner for putting that on the table. this congress has shown it does not have the ability to stop spending. i think that they are just avoiding the tough choice. don't raise the debt ...

>> from the reverse side, even if the gop gives up on the idea it passed, let's repeal it, what will they demonize? >> you've heard representative boehner said it institutionalizes too big to fail. it allows a big bank to to fail. we had aig and lehman. it was very difficult to deal with those banks when they got into a crisis situation. this will make it easier. it's not foolproof. probably not possible to construct a system that's foolproof but it makes it easier to shut down one of these giant banks if they get into trouble. >> dean baker, co-director for the center of economic and policy r...

You have a lot of bad practices continuing. >> with the pros and the cons, does that represent do you think this bill something that the democrats can discuss in concrete terms and make sellable to the public as they move into the midterms? >> i think so. aspects will be way over people's heads. not the sort of thing people pay attention to. it's not easy to understand. the idea of a consumer protection agency.ç when you go to get a mortgage -- i've been in that boat -- you don't get a mortgage every day of the week. you're looking at a big document. you don't read through the whole thing. n...