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Once again -- some key lawmakers are really glad grappling with their votes.
On this debt deal Republican congressman Dennis Ross of Florida and democratic congressman Peter Defazio of Oregon are two of them they are joining us now from Capitol Hill.
Neither has made a decision.
Let me get to representative Defazio I understand you're getting a little closer to a decision though is that true and if so what is it.
I walked out of Democrat caucus two hours ago and told the press from I was voting against -- so.
You know what would try to convey that you know you talked about the underlying economic data are driving the market that's right.
And there's nothing in this that's gonna help -- with the economy.
You've got to look both at the deficit side -- the investment side.
It's an adequate in terms of deficit.
And it actually precludes investment that the one thing that could've done.
It's six the FAA bill and got 90000 people back to work on construction -- coz the country and that isn't it here there's nothing in here for the underlying economy.
Not representative Ross how about you are you any closer to a decision.
A lot more closer to leaving -- win for one reason I agree with some of my colleagues here is that I don't think spending it -- really anything 98% of the spending cuts happen after 4013.
Which is what we have a new congress and we cannot -- that new commerce we have to have systemic reforms that show that there's going to be guaranteed.
Deficit reduction over the years.
Both of you.
Senator Harry Reid on the democratic side John Boehner on the Republican side and then of course Joseph Biden just came out the vice president saying this is a deal that we should live with it representative cantor saying the same thing to both of you.
How can anyone have confidence in our government.
If not -- review were following the leadership not to say that you should always follow the leadership of course this is a democracy you're allowed to disagree but.
I'll start with you representative Defazio we have traders we have people on the street people -- At my son swim team awards last -- -- just get the deal done.
And at how do we have confidence in new boats if you won't go with your leadership who have been elected as representatives of all of you.
-- look as I said I wanna do things to stimulate the underlying economy put people back to work.
This doesn't do that and you know I just.
Do not feel any.
Compunction here to follow might leadership.
If they hadn't gotten -- needs in December in -- -- with me and voting against extending all the bush tax cuts.
We would be three point eight trillion dollars less in debt and ten years up.
-- you know Reagan raised taxes and double dip recession is at all my god disaster -- actually things got better.
Because He invested the real economy from Clinton raise taxes and recession.
And guess what the economy get better get some of the money was used for real investment put people back to work rebuilding our infrastructure.
This thing as a -- all the way around.
Representative -- where would you like to see the cuts that you haven't in spending within this deal.
It's not so much seeing where the cuts are making sure that they actually happen.
He see what we're about ready to do is to -- future congresses to at least 900 billion dollars in debt and potentially very very likely one point four trillion dollars more.
But unfortunately we don't have any guarantee that there's gonna be dollar for dollar cuts down the line and that's what has -- concerned.
I have a proponent of a balanced budget amendment I firmly believe in order to get our house in order we've got to have some restrictions that require us to operate -- -- Not a bad idea but of course everybody's waiting to see what happens and we know how busy time -- is we so appreciate you both coming here.
Is it fair to say you both are likely to vote against this.
Capital voting against -- all -- keep keep us posted we thank you very much Republican congressman Dennis Ross of Florida and democratic congressman Peter to.
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