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Sen. Tom Coburn, (R-Okla.), on efforts to reach an agreement on the debt ceiling and the risks of a downgrade of the U.S. credit rating.
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-- try and -- get a read on Harry Reid the senate majority leader.
Talking about changing not spellings figure -- -- plan.
If and when it passes the house so another words it is possibly could take it up in the sad about that is that a big potential deal changer.
Or is it.
-- -- Republican Oklahoma senator Thompson over senator is that a deal -- what.
I don't know I'm one of those liars -- -- Washington realized that I loved your introduction.
Well I don't what it is -- -- 2 deal by the way real.
I well.
-- did they have -- little room maybe maybe because they've had increased revenues.
I think Geithner was pretty straightforward about that they have but -- well it could move a couple of days that they've manipulated -- -- I think but.
Look we need to fix the problem.
And the problem in the debt limit as you said the problem is us.
Living the last thirty years off the next and the bills -- and that we need to figure out how we're gonna change our government.
Downsize -- and finance what we've already -- You know what I wonder about -- I don't think we deserve our triple A credit rating.
That would sort of be like giving me the national fitness award.
I don't think that would be a wise idea and my only the and I and I I say that we have a deserved it.
Backed it is important for I want quite a while I would -- go back to the George Bush years when added we have just become.
-- financial laughing stock in the world.
And I got the Democrats have contributed Republicans have contributed so if we don't have our debt downgraded I think that would be bad because it would compel people.
It's is sort of do business as usual.
Well I I would disagree we did listen if they downgrade or -- it's going to cost us at least a 150 billion dollars a year.
We don't have a 150.
We ought to have a plan that cuts four trillion dollars and I'm not talking about.
Funny business planning -- talking for -- you know you the next and he's Boehner or Reid are funny money.
Well I think Boehner has the potential to be real money.
There's a lot of money money and Reid.
But.
It looked both -- and don't go far enough in my mind they're not my first choice my first choices.
Nine trillion dollars that actually solves a problem we could implement that over a period of years we would never lose your credit rating.
And we wouldn't allow politicians -- that this anymore in the weighted force that would be a balanced budget amendment.
But the fact is is if the international financial community saw that we were truly taking.
Over the next ten years four trillion dollars out.
Of our budget not our projected budget.
Outlook where we are today you would see that rating stellar you'd see that market -- you'd see.
Complicating -- do -- but senator year and and in tortoise engineers you have to do that.
The numbers have to be real the cuts have to be real such as raising the debt limit will not avoid.
-- -- -- -- It well -- well not.
It will not that's why second and what we ought to do is to fix the real problem -- the real problem in the debt limit the real problem is we have a government that's eleven outside the revenue basic and -- You could raise all the taxes on -- over 250000 dollars in this -- could come close to -- a problem.
The problem is we have.
Child down the engine of our economy by have an overly expansive overly regulatory.
Federal government and we've limited the very thing that made -- great.
Senator will watch closely use we've been working -- hours through a list.
On the -- wish you well thank you senator are --
