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Rep. Sam Graves on how government policy is hurting small business and job creation.
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-- there in DC and with his thoughts on these debt talks former Delaware senator Ted Kaufman is back with this them again today senator Kaufman -- -- to see you want to talk to you now.
Should point out that's me ask you a similar question to what I just -- David fewest total lot minutes of -- situations are different view what's happening in Greece and what's happening here in the political conversation is similar kind of economically it's a lot different.
Will should we assume that something will get done by August 2 or are we setting ourselves up if we make that assumption.
-- -- I'm very concerned you know I think there's a lot of whistling past the graveyard here.
We've got the deadline and I mean -- so many commentators as -- people saying we're gonna work this out we're gonna work this out.
And frankly there's -- latest fallout from a peak said only 38% of people in America believe we should increase the debt limit.
58% were opposed of those 37% said they'd even be opposed to it if they realize is going to be an economic crisis.
So when you have a situation where -- -- Americans do not want something to happen.
You know we still are represented democracy and members of congress less -- so it is a very very serious time and I am very concerned that we're not gonna get a -- -- second.
It reminds me although this is another situation from which it's different reminds me a little bit of what happened with Lehman Brothers we headed into that weekend -- September of 2000 data we all.
We're -- the week before we all made the assumption they're gonna bail out Lehman Brothers and a lot of people didn't like I said we shouldn't be bailing out these big banks the bankers don't deserve the bail outs.
And -- guess what we didn't bail out Lehman Brothers and it was an absolutely a mess the next week and you wonder whether his.
I know I think everybody.
Yeah.
I think everybody's got -- on -- -- talking about this is one where there's not just a DC generated from this isn't just political posturing is a political posturing norm I'm sure there is.
But the -- are the promise sound and that in the country where majority of people do not think we -- increase in government.
And -- be catastrophic epidemic catastrophic is not an overstatement that we not increase the -- and when you listen to your reports from grace.
-- in the country in the world right now deep fault is a very very it's highly charged economic emotional political word.
Right and to to to risk that slave and half an engineering that I think are expected vital.
Even errors very small percentage chance of a big thing happening.
It's really more important and something hasn't a bigger percentage put a small this is like gigantic.
Impact and we all have to -- serious about it.
And I think the way to look at this thing is to go back and look at what Erskine balls and senator Alan Simpson.
And the financial board came up with the terms of the way to deal with this thing.
I think that's you know that's -- Austin on the table.
You know advertisers held off increases from 250000 -- and tax increases but there's another -- look at revenue.
Look at the businesses face of the prom like this one when they're gonna -- on -- bankruptcy right don't just look at their expenses they look at what their revenues are so we discovered -- -- away from this highly charged words.
I was.
It's gonna say if the political reality ambulances if the political reality is though the Republicans won't vote for that.
And -- you know the vice president very well I've worked forum for years and he's he was -- these talks -- the president's involved if the political reality tells you we can't get the votes on the should the Democrats give up.
On the revenue side of it for now at push that at least get the debt ceiling -- for now -- luck.
But there's this this is basically and this is basically the two main positions this and I want to Republicans -- common -- we're not gonna -- as a revenue increases.
The Democrats have not been -- is has has definitive.
But this is -- gonna have to be a compromise between the Republicans in the house.
Who say -- new revenue increases and the Democrats in the senate -- say.
We need revenue increases or else these domestic cuts are going to be draconian right so this is not just the Republicans -- Republicans make publicly say when I got revenues -- my revenue increases.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Other side it will have a little more than a month that senator -- but it's always great to have you by the way I'm Michelle thanks a lot for coming on today.
-- greatly in on our Ted Kaufman former senator --
