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Was Debt Deal the Best Solution Possible?

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    Sen. Roy Blunt, (R-Mo.), on the spending reductions in the debt deal.

  • Duration 4:56
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Now let's get the senate perspective on the debt deal Republican Roy Blunt of Missouri senator welcome back to the show good to see you.

-- us to be with you -- -- how you gonna vote.

I'm gonna vote for it it's.

Not the perfect deal it's not something I would've thought if I was doing this by myself but I'm not doing this for myself.

You know there's an old saying Washington and it's it's not the best possible deal but it's the best deal -- possible.

And I think what we've really done here is as we've seen a change in the paradigm of how we do business because in all of the history of national debt and national debt limit increases.

Never before we had a debate resulted in spending less money than we otherwise we're gonna spend.

And I keep hearing though senators say that they're not going to vote for this one Robert Mendez.

A Democrat but also just moments ago Tom Coburn right on Neil Cavuto show saying no way here's what He had to -- Well -- want to know.

There's your there are no we -- we're not what it's like Canada patient with pneumonia and you're gonna -- -- what column on the cost -- brother and given a man's body secure than a month.

You know the CBO -- this -- they looked at -- we're still going to be in a situation of having more and more debt each year.

Even with this bill how is this bill the right solution.

Well I think every elections gonna determine whether or not which direction we go this the only thing you can count on here.

Are the first couple of years and we're looking at any spending reduction in.

In this year and next you're not nearly as much as I would want -- leader Tom Coburn -- wanna I don't wanna question anybody's motives here anybody's -- -- Whether they could have made a better deal but the you know Thailand also all you got.

That's what you give the patient -- pneumonia.

And I'm not.

-- I think we're we are going to send out well I it's a better solution.

And Jerry to better solution not treating them and all.

-- that you've got -- there's a point we have to be realistic about what can be done.

And the truth is neither side controls very much in Washington right now my site controls one of the three things it takes.

To pass a piece of legislation.

And so by definition I'm gonna be dissatisfied with the final product but so or the people that control the other two thirds of the government.

And I think we've got to understand that what we've done here it is significant because it changes the way we do business.

Well I I keep hearing the fact that nobody's happy is is good news -- let me ask you this are lots of questions.

Today emerging on whether these this deal will allow higher taxes in the long run do you see that happening.

-- I don't.

Think that happens I think the committee is actually a good thing I think it -- congress do its work in a different way which means 51 senators can make a decision.

The first of all the house has to agree with that decision.

And secondly they the way this is put together I think it very unlikely do you have revenue increases I think it's almost certain fact it is certain.

That you have some kind of spending cuts as part of the next phase of this that happens later this year.

And I think spending cuts -- what we ought to be talking about right now.

Spending cuts.

There's a lot of debate over the role of the Tea Party in this they've been heavily criticized some people are saying that there are the big winners and that.

Senator John McCain had some interesting comments about the Tea Party and has here's what He had to say.

The idea seems to be.

That is -- G house GOP refuses to raise the debt ceiling.

A -- thought crisis -- gradual government shut down will -- And the public will turn en -- against Barack Obama.

And the Tea Party -- could return to middle earth having defeated more -- Well so there you have it -- T carriers are Hobbits.

Maybe they're terrorists as the vice president suggested this afternoon I don't know if you heard that are not.

How would -- you think of the Tea Party years now that we are.

On the threshold of what could be an agreement.

I think the Tea Party movement has huge responsibility for this agreement the New York Times says it's a big.

Big loss for the other side Paul Krugman says it's a big loss for the other side.

We would not be having this discussion.

If the Tea Party hadn't had impact in 2010.

They're gonna have impact I hope again in 2012.

And send more reinforcements to the senate.

And we'll see what happens in the White House but the Tea Party -- are smart enough to understand the what they did in 2010.

Changed one.

Third of the -- of the -- making part of the government the other two thirds are out there and they're gonna have a chance to speak again in just a few months and I think.

They will well I guess it's going to be a pretty long evening for you senator blunt thanks for helping us out this afternoon please come back -- --

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