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Rep. William Lacy Clay, (D-Mo.), on the steps to reining in the government’s debt.
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Irony also reports saying fines have to be part of the plan for Democrats even vote.
Auto -- democratic Missouri congressman lacy clay don't watch that uses in.
He says everything has to be on the table represented of these everything have to be on the table and get it feels like the only thing that's rolling on the table.
-- -- job creators attacking military spending attacking oil companies and attacking corporate jets oh by the way which is nothing more delightful -- that route that we.
That's probably 300 million a year so how's that everything being on the table.
Well first of all let me thank you for -- me -- and what I say is that.
We have to do 33 things one cut spending so I'm not against cutting spending we have to also raise revenue.
As well -- put all of our cards on the table.
In a responsible.
Way.
That where we're boasts ads have first come to the conclusion that we are going to have to do two things raise revenue.
As well let's cut spending in -- to get us out of this debt.
Right and and and -- raise the debt sale.
You know -- fees that you are that you wrote and now you -- and actually three things and you mentioned cutting spending.
Then then tax hikes right and he also mentioned courage.
But if we cut spending.
Do we still have to raise taxes.
-- it it.
Nothing should be off -- the table especially when you -- kid Ed Ed -- the tax loopholes.
And if you look at the record of the lasted years.
We do we have operated under the bush tax -- for the last eight years.
We didn't create a job with and we laughs almost eight million jobs.
So -- did you tell me tax cuts work.
And I have a bridge to sell you.
Well look -- up are gonna get into that particular debate I can quibble with their math but what I really wanna focus on.
It's something else that -- you wrote about you're saying a failure to act.
Will damage the recovery and also -- is somehow -- a world.
Financial crisis -- you used the -- massive I mean isn't this the kind of stoking up fear that makes these things a lot worse than they have to be.
I don't think so I think that first -- triple A credit rating is at stake the clock is ticking and we have until.
Obvious -- -- and according to the Treasury Department.
To act upon this and I don't -- to -- out.
What happens.
To our credit rating parts of our economy.
After armistice that.
Well there's no doubt though we continue to borrow the way we're borrowing we're gonna inevitably lose -- -- we only have thirty seconds.
Are -- saying that Medicare and Social Security real -- -- and those areas.
With -- that's on the table as well you're willing to make some sacrifices -- two.
It certainly is that if we can -- and -- -- in those program -- and also look at other program starting with the defense spending.
Of starting with would -- would -- war -- ended down.
Too -- that we spent -- over a trillion dollars -- okay.
So were representative -- really appreciate your time -- afternoon thank you very much.
