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Congress should cap and cut spending, move toward budget balance, and take steps toward tax reform that will enable free markets to grow the economy.

Not soft headed enough to believe there is a constituency for it. but they aren't exactly hiding it either. just ask republican congressman, jim banks, of indiana, the guy who heads up the committee responsible for setting up his party's agenda. >> should the debt limit marker be an opportunity for negotiations with the white house on issues like spending or should that debt limit just we put aside because it's too risky to include that in political discussion? >> i think it has to be. it's a major leverage point -- to control spending. we've seen the national that now surpassed 31 trillion do...

The federal government over the american people, balanced budget amendment to force the federal government to live within its means, tax caps, spending caps, amendments that would take power from the federal government for example they can't deal with education or energy or the environment or healthcare. these are things intended for the people in the states and we have the power to take that power away from the federal government. pete: 19 states have already passed article 5 in their state legislatures, you need to get to 34. i noticed a lot of criticism recently, the new york times, the lef...

They passed a spending bill to get them past the 2020 election. they've done away with sequestration with the spending caps. so there's a holy conspiracy by democrats that have been big spenders and now republicans that deficits and debt don't really matter. >> shepard: politics real quick before we let you get away. we had seven hours of climate change town halls the other night and now we have this debate coming up with i guess ten candidates from the democratic side. what are you seeing big picture? >> i think a couple of things. first of all, i think the most notable factor is the enduring...

Yesterday, we've got concerns in the bond market with a yield curve and we've got a $22 trillion national debt. you are seen as a moderate, yet you still voted yes for the budget deal a few weeks ago that raises spending by $320 billion over existing spending caps. why do you and those who voted for that in both parties think that america can afford it right now? >> we were heading toward a precipice where we were going to shut down if we didn't come to an agreement. from a democratic perspective it talked a lot about making sure that the opposite side of the defense department was also seeing...