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Congress will be asked to vote in the next couple of weeks on the national debt? whether the government will be authorized to borrow more money? will you vote against that? force the government to spend only what it collects as you wrote nicely in the article? >> there are two things i need to see before i'm willing to vote to raise the debt limit. one, real substantial cuts in spending now. not promises for the future but actual cuts right now, this year, immediately. taking effect. the other thing is real structural reform so we can get out of this endless cycle of too much spending and too ...

Congress will be asked to vote in the next couple of weeks on the national debt? whether the government will be authorized to borrow more money? will you vote against that? force the government to spend only what it collects as you wrote nicely in the article? >> there are two things i need to see before i'm willing to vote to raise the debt limit. one, real substantial cuts in spending now. not promises for the future but actual cuts right now, this year, immediately. taking effect. the other thing is real structural reform so we can get out of this endless cycle of too much spending and too ...

It's a way to spend money. not because i hate contractors, but it's a waste of money. i carved out from day one a fairly independent path when it relates to matters dealing with the way we spend money. yeah, is this a gotcha moment saying you are willing to continue to look at the problems we are facing and see if there could be a better way? i don't think it should be. i'm sure it will be, but it's a gotcha moment on both sides. me saying i'm willing to look and listen and learn will have both ends of the spectrum very upset. >> for can't be if it goes on for years. a gotcha moment is by nece...

Ceiling in terms of the size of the cuts in the package? >> mine is getting the structural reform to put on the hard spending cap, the straitjacket on all of us to force prioritization. >> senator ron johnson from the state of wisconsin, sir, appreciate your time. >> thanks for having me on. in houston doctors upgraded the condition of congresswoman gabrielle giffords. when we come back we'll talk to one of the new members of her medical team. [ male announcer ] sometimes after surgery straining should be avoided.

Going on with the municipal bonds market and there is pressure all across the board to cut spending and you have to believe, two years is a short-term in congress and if some of these folks don't deliver in terms of that mantra, they will be up against a tough re-election, i would assume. >> they are and one word of warning to the tea party, i mean, this stuff can't turn around overnight, you should push for -- as much as you can possibly get and, certainly, is worth holding the feet to the fire of the people that you helped get electied in 2010 and that said you will not fix then entitlement ...