Page 3 - We Shouldnt Wait News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Question, if you know the contours of the debate here, are republicans going to deal on taxes? are democrats really going to cut spending on issues like medicare? where does the breakthrough come from? >> i think vice president biden is leading this bipartisan effort and progress is being made. that's a good thing. i hope they can reach an agreement, at least oi-o a short term budget agreement that leads to passing the debt ceiling ahead of time. we shouldn't wait until high noon to pass this debt ceiling because it will mean higher interest rates if we don't, it will mean stalling our economy...

Still far apart. senator durbin, the big question, if you know the contours of the debate here, are republicans going to deal on taxes? are democrats really going to cut spending on issues like medicare? where does the breakthrough come from? >> i think vice president biden is leading this bipartisan effort and progress is being made. that's a good thing. i hope they can reach an agreement, at least oi-o a short term budget agreement that leads to passing the debt ceiling ahead of time. we shouldn't wait until high noon to pass this debt ceiling because it will mean higher interest rates if we...

With these issues in serious way. i hope we don't wait for a showdown. this issue is too important. ig agree with secretary geithner, this is an important issue. we shouldn't wait until the last minute to deal with it, but i'm telling him and you and everyone who is watching that if all we do is raise the debt limb and don't start dealing with our long-term debt problem, it's going to be a catastrophe. >> and what about you making those points as a national candidate? >> well, i'm focused on my job in the united states senate. again, i'm flattered that people will think about me in that way, b...

It's the president of the united states, why don't you be more specific? >> i can tell you, having worked on this issue for 30 years and having been one of the principal people involved, advising the speaker when he negotiated with a republican president, a democratic speaker, in negotiating with reagan, that got resolved because both parties came to the table and worked together. in that case, the intermediary commission. there are lots of ways to work together. i've sneefrn never seen a constructive social security debate that started with one side digging in to one place and the other side ...

>> part of an effort to drop bombs on gadhafi's compounds, it doesn't pass the straight face test, in my view, that we're not in the midst of hostilities. >> so why shouldn't there be specific approval from congress to wage whatever we're waging there, senator? senator graham, i'll start with you. >> talking to me, david? >> yeah. >> well, you know, one, i would take the course that conservatives have taken for the last 30 years. the war powers act is unconstitutional, not worth the paper it's written on. it requires congressional approval before the commander in chief to commit troops after a...