Also in this playlist...
This transcript is automatically generated
House Republican senator Kay Bailey Hutchison of Texas senator thank you for being with -- I know it is very busy down there.
-- first just tell us where we aren't mess.
Well I think there is it a lot of I'm looking for ways to solve this issue.
An -- in a way that does cut spending I disagree -- The characterization that the Republicans would save on taxes because.
We're not going to save on taxes that's the worst thing we could do in this economic climate we want our employers to hire people.
And looking at bigger taxes is not the way to do that.
What we want to do is get the economies -- and that means we've got to fix this fiscal situation.
I hope so because it but it's looking very -- from where we sit here watching this whole thing -- you know.
White House spokesman Jay Carney spoke earlier about a play and that he says they've -- some sort of -- foundation if you would just take a listen for a second.
There are significant cuts.
One point five trillion dollars in cuts that everybody can agree on.
Real and significant.
An additional 200 billion dollars in cuts that essentially we believe everybody can agree on that's one point seven trillion dollars we can do something even bigger and more significant so.
But I don't think I do not expect today -- hallelujah moment.
Now highly moment but do you expect.
Those cuts and the Democrats to -- to those with out tax increases.
Well I'm hearing that those cuts that are being proposed.
Really are not.
That those kinds of cuts.
Now you know that's an all come out but the Democrats have laid down that you have to have tax increases for any amount of cuts and we don't think that that is the case in fact.
I don't I'm looking now what the gang of six is doing in the -- -- of bipartisan group and it's Democrats and Republicans that are coming together on significant cuts.
And I'm encouraged by that and I think that is beginning to bubble up as one of them.
The ways that we might be able to put something together where they would be -- Bipartisan.
Group and congress that that without the president that would come up with.
A level of spending cuts that we would be satisfied -- and the way you increased revenues by spurring the economy the old fashioned way and I think that that could be done and I think that both the Democrats and Republicans are now looking at what can be done on entitlements because you cannot.
You can't really make this significant ten year.
To get our house in order without looking at some -- -- on the entitlements.
You know you -- is it perfect example you have very low taxes and increase jobs businesses are coming to your state.
You wonder why Washington is in trying to learn lessons instead -- this name calling their squabbling.
-- Eric Cantor childish is I mean this this is not helping the situation at all.
Now but I do think that.
The states that have no income tax like ours and good solid.
Regulatory environment that.
People know what the regulations are and they can live with them and right to work clause of those at the states that are doing well and I think the -- government to take.
A big -- from.
Good tax policy and alone the smaller government mentality.
And I think that's what the Republicans are standing for and I think they're doing it in these talks in.
I'm I'm thinking that there's a lot going on now that would get us to a conclusion.
Nobody wants to have.
No one wants to default frank and I think that we're doing the things that would avoid that but in a way that also sets in motion.
Some spending caps that would.
-- -- balance of proposition.
You should be in those set talks Senator Clinton did -- and -- statements from Moody's and S&P the threat that we're gonna lose our AAA rating does that worry you or is that just you know more political posturing.
You know I think.
There's a lot of political posturing and I think the echo chamber of -- Wall Street didn't the Moody's and standards and Standard and Poor's.
Sabre rattling the president talking about Social Security recipients not getting their checks and August that's ridiculous.
This is -- security trust fund -- separate.
That could provide those payments for several years if we did nothing of course we don't want to do nothing we want to do the big things that would be responsible.
But I think the message that.
Needs to come out of this.
Debt ceiling issue is that we are going to cut spending we are going to live within our means we are going to change business as usual in Washington.
And I think that would calm the markets more then responding to.
The Sabre rattling.
Moody's and standard some more -- man hours I just think we've got to be.
Fiscally responsible and show the world that we're gonna pay our bills and we're gonna live within our means.
We must certainly you're gonna try that's for sure I have one quick question for you change in the subject on you -- ranking member of the committee on commerce science and transportation.
We Scott other shuttle it's not going up any more or should we be spending money on space travel I mean my kids should wanna be astronauts shouldn't -- Oh absolutely.
That is it would be eating our seed corn to abdicate our preeminence in space.
Right now we have gotten our national security preeminence from the satellite based.
Systems laser based systems communication systems that we can't -- that to other countries that are building up their space capabilities.
We've got to be strong and making sure that we spend every dollar wisely but.
To walk away from the enhancements to our economy -- NASA has given us would be.
It would -- speak.
I'm thinking at all and so I am going to always push for a responsible.
American power and that's what we ought to be looking for.
And again we gotta get you -- NASDAQ talks with senator Kay Bailey Hutchinson thank you for -- --
Filter by section