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What is the Best Scenario in the Debt Negotiations?

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    Lou Dobbs Tonight Panel on efforts to make progress in the debt negotiations.

  • Duration 5:00
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-- -- We're all wearing a lot of people make some rather.

Egregiously.

Even extraordinary.

Remarks about what the markets well there I've always pressing on the political strategist and presage.

What will happen in the markets from those who know something about them can't figure out what happened to -- that if I'm more listen to people and they get the idea being that these markets are critically important.

But also our national security and we have a lot at stake right now -- Beyond the -- what.

It's what we do -- bit but let's come back at those set a minute ago about terrorism.

You know real terrorists struck -- Oslo today and killed at least fifteen people.

So let's let's -- -- let's try and get a grip on what we're talking about here.

I think senator McConnell said it exactly correctly when He.

Declared that that President Obama was not.

Negotiating seriously and He had given up.

On a real solution as long as -- President Obama was in the White House I think that's the fact.

And I think therefore that the -- the entire cut ten of these discussions.

It is nearly beside the point.

I think at this stage I'd simply pass the debt ceiling increase.

And take this to the country in November of.

I think well that's exactly what's gonna happen ambassador -- what I thought it was a very convenient idea but I and I'd like each of you know -- like to be with you John on this.

I think that's possibly.

Expedient approach for both parties I'm not sure it's one that is relevant go to the interest of the American people of the country.

And I'll -- -- and -- for this reason.

One is that the American people have the opportunity to hold accountable.

Our elected officials.

On November 6 2012.

And what you're talking about whether you're Republican or Democrat when you talk about turning this into 2013.

Is giving our congress and our senator free pass on a critical issue that is inspiring this -- political theater and drama in Washington right now.

Joining me an idea to explain -- didn't sure everybody else comments -- okay.

But I I think I think it is illegitimate to allow the president to extract either tax increases.

Or substantial cuts in the Pentagon budget.

As part of this process and I think that's Israel agenda -- -- -- The -- happening.

So it's a simple and obvious why is that a legitimate ambassador he's the president of the United States He was elected as well.

He you know the it's time for us to start saying let's wind down these deals he's ill conceived wars that were entered into -- let's look at our defense budget.

Reasonably there are people from the Bush Administration who who really talked about I think that there's room are there are are -- I girly -- to ask it this way.

And and the and John this is the question.

You say a legitimate.

If his his positions his negotiating positions are no more illegitimate than those of Boehner and the Republicans I may be outrageous outlandish to you.

-- but.

Illegitimate.

Illegitimate in the sense they form no sensible part of a real effort.

To balance the budget and bring down the national deficit his agenda.

It's a permanent ratcheting up of the share of government in our gross national product.

And that I think is far far away from where.

The American people are but there's no way to prove that one where another Indian Congress there with the president so let's debate it for the next sixteen months until the election there's a lot John I think the I think about.

-- make I think I think about developments a good point about the political legitimacy of what Obama is trying to do.

Matter we had a collection point ten.

Wear the Republicans -- historic gains in the house.

Campaigning against -- here against the stimulus against ratcheting up the size of government to 25% of GDP.

And now what Obama wants is for these guys to.

Authorize borrowing more money to pay -- agenda that they ran against and voted against at the time.

In terms of the political legitimacy what they're talking about I think the Republicans have very good standing and all of this.

I would also just say look at where I disagree -- with a measurable and on this is simply that I think of the right scenario right now is for the Republicans to pass a 500 billion if the Krauthammer plan.

But as of 500 billion dollar short term.

Extension of the debt ceiling with real cuts attached and call Obama is bluff Obama says that we're -- -- have cats and dogs living together and total Armageddon.

If we don't pass the debt extension so given the opportunities that allow the second opportunity good the first one with the plan.

But the congress that the house has already passed which is the cut cap and balance one.

Now Obama wants everything on his terms -- has a hissy fit like we saw highlight that.

And it was -- -- -- that's not catalyst that -- the ambassador bill due respect.

Opinion on the and the Pentagon spending go by because I I challenge you to find a Republican today that doesn't think the Pentagon but.

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