Also in this playlist...
This transcript is automatically generated
President Obama in an interview to air tonight on CBS is threatening to hold up so security checks if the deal isn't met by August 2.
I cannot guarantee that those checks go out on August if we haven't resolved this issue.
Because there may simply not -- the money in the coffers to do it.
Joining us now Republican senator John -- from North Dakota.
Senator of this here tactics.
I think and the notion that we're gonna hit Armageddon have got to stop now.
-- Casey first thanks for inviting me to be with you what.
We need to have a comprehensive.
Plan to reduce our spending.
And that's gotta be a key part.
This whole debt ceiling negotiation.
And we certainly have the ability to pay our bills the -- is stepping forward with a comprehensive plan to reduce the deficit reduce the debt.
That's what the people this country want.
So what do you think then and the new legislation that's being offered its a three step program basically.
Well again I I think we need a plan did to get control of spending to live within our means to have a balanced budget amendment.
Up pro growth approach in terms of making sure that we have the legal tax and regulatory climate that encourages private investment.
And gets job growth and gets our economy growing those -- the real keys that's how we solve the problem.
-- -- If we can't get the Democrats to a join us -- that approach then it's really.
Them stepping up in raising the debt ceiling that's what you're referring to with that legislation but.
That's not what we want what we want.
Is a comprehensive plan to deal with the deficit and the debt as part of any.
Any plan regarding the debt ceiling.
You know congressman John Boehner earlier said that the President Clinton pull the trigger.
They couldn't make a decision you know this notion that he's become a -- is -- that he's -- both sides of the table now.
Do you actually think the president has a plan and we're just waiting on pins and needles -- You don't.
We've put forward concepts that I think would absolutely not only help us I get a grip on -- help us reduce the deficit and the debt.
But that would also help get the economy growing.
Markets need certainty you want private investment to come in and stimulate said job growth and that's what the plan we've put forward to get a grip.
On our debt and are spending is so vitally important not just.
In terms of the debt ceiling.
And reducing that debt over time but in terms of getting this economy -- that's the other key part if you look back.
It's a late eighty's and ninety's when we got out of a deficit situation before out of stagflation it was a combination.
Of a comprehensive plan to reduce the growth in spending through to reduce the spending across the board it in a bipartisan way but at the same time.
Get the economy growing get that job growth and that economic growth that you need as well.
You know up.
Senator you know I just read sending an act I said that it's you basically a pox on both houses right we can't blame one party -- -- this is years of overspending.
And you get Republican minority leader Mitch McConnell say -- deal is unattainable.
You know we sit home and we say at wasn't running the country where -- the adults right now.
Well -- this is where the president has to step up and lead.
Again it's not that we don't -- enough it's that we spend too much.
At the same time we've got to create a pro growth.
Economy the kind of economy that encourages.
Private investment not more government spending so all of that we have to have entitlement reform that -- got to be bipartisan.
It's a the president does have to lead -- on all of all of these different initiatives we put ideas out there that can work.
Now we need him to join lettuce and raising taxes the problem with raising taxes.
Which is what is really pushing is it will kill an economic growth so again we don't get out of the problem.
And that's what we've been very clear on this message and is vital for our country to move in the right direction for our economy to grow as well as to get control of spending.
But there obviously is going to be compromise at some point right and I Democrat.
We'll come back and say we need.
They're calling him to me you know revenue raisers but look it's an increase in taxes.
With cost beta state if -- comes -- -- table and say we need you to agreed to some of this in order to get this through would you vote for that.
We've put forward.
Ideas on all of these different areas for example in the area -- we've offered up ideas on tax reform.
There will help create a growing dynamic economy we've talked about coming together on entitlement reform which is so incredibly important in addition.
To getting controls -- side you know we put forward ideas in all of these different areas.
That's where we need the president to engage with us and again it's not just about -- -- -- spending.
But it will make a huge difference in terms of sending that signal to the markets -- get our economy going and when you look at our situation right now.
Nine point 2% unemployment job growth slowing down that is vital.
To get this economy going.
I agree with you and so that you know lowering the corporate taxes on the table at one point -- for some reason.
We -- -- over the weekend how come what happened.
I'm not sure the answer is to that but what we're still ready to go you know the gang of six has been working as well trying to come up with ideas -- -- all of these areas entitlement reform.
Tax reform reducing spending long term living within our means on a bipartisan basis.
We're still ready to do a comprehensive.
Deal and I believe we -- And I do -- -- thank you for being with us thank you -- and senator John Harmon North Dakota.
Filter by section