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Rep. Jeb Hensarling, (R-Texas), on why the debt ceiling deal falls short in achieving a solution to the government’s debt crisis.
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Are all right Jeff that's really one of the Republicans -- a leadership role.
This is bigger -- group that came out earlier today to say they they think they have the makings of a deal.
And that's where fellow has not had much -- -- always -- people would you like -- -- don't like this deal with -- left -- right you have to feel for these guys who have been going around the clock.
Trying to cobble something together.
Congress and very good that you thank you very much could be a good -- -- -- predicts little happens and I.
Well I think we will -- -- shortly.
I think that the bill will pass and I predicted absolutely nobody votes for it is going to be excited about.
Yeah absolutely be -- it would myself -- you know so.
But it it needs depending on who's here it is not congressman 26218.
Votes -- you have that yet wiggle room.
Well I think a number of Democrats are gonna end up voting for this as well.
Large group of Republicans will vote in order a video does that surprise and she's voting for that us.
She is voting this -- telling your members -- vote your conscience hardly a ringing endorsement you know look you can't expect well the Steny Hoyer the democratic whip.
Intends to vote for it as well so I'm relatively confident it will.
Pass that you know it's very disappointing for many people I think that there was a moment to be seized here.
Where we can actually.
Put forth.
Solution to the drivers of our debt crisis and that crisis is not the debt ceiling -- the debt -- it is a spending driven debt.
And so for me this morning considers himself a fiscal conservative it's contrary to my DNA to raise the debt ceiling.
On the other hand.
In this bill we're going to have the first opportunity in fifteen years to force a vote on the balanced budget amendment in the house and a balanced budget in the senate.
That can ultimately be the solution.
As you guys thought these battles for a half years I'm ready for a game changer I hope this proves to be yet otherwise it is a disappointing -- in many respects.
Many of looked at the overall figure congress and the two point one trillion score of the other cuts that the CBO it's.
I was very disappointed and maybe sort of -- would prompt the ratings agencies even after earlier artwork.
The downgrade US that are you afraid of that.
Well I don't know what the rating agencies will do I certainly agree with your previous guest Donald Trump.
They certainly missed the sub prime crisis and a very big way did and they're the only game in town.
And I mean all understand that understand that but -- you well know they have threatened to downgrade -- regardless of what we did in the bottom line is we have not ultimately solved.
Of the debt crisis mean government as a percentage of GDP -- sky -- from its.
Postwar average of 20% to 25%.
And you look at the stimulus program.
-- like -- the president increasing garden variety government agency government.
Non defense discretionary 24 -- two years his health care plan.
Trillion and a half so it is a spending driven crisis.
And right now over the course of the next generation studio from 25%.
To 40% the problem is on the spending side we're gonna have to solve it on the spending side didn't quite get it done here.
But we're going to fight for balanced budget as soon as this thing this past hopefully that will encourage people that we will solve the problem.
All right so real quickly you'll you'll loss for the first manager a couple but this is the first intervention.
That was an alternative -- Harry Reid mentioned your most a couple of dozen I think 22 largest Tea Party freshman.
How many do you expect to lose on this well my crystal ball -- -- Fuzzy.
And this is not my job to actually be counting heads so I don't know how anybody's going to be exactly figure in your head you know the exact figure dispatch area.
Now I don't but if I did I would not share of in this case I do not know Cheshire cat so all right.
