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Former Sen. Evan Bayh, (D-Ind.), explains how Congress got to this point on the debt ceiling and what will bring America’s house back to fiscal orde...
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Economy didn't need Washington come along where they manufactured crisis to make things worse that was in our next.
That was in our hands -- manufactured crisis that was President Obama earlier today.
With a thinly veiled swipe at Republicans for having the audacity to call for spending cuts to accompany an increase in the debt ceiling.
But Republicans weren't the first to call for this idea in 2009.
-- president Obama's Treasury Department first.
Approach the idea of increasing the debt ceiling.
A bipartisan group of senators was already advocating linking the debt limit increase.
To work on structural fiscal reforms our next guest was one of those senators He is now my fox colleague and He is former Indiana democratic senator.
Evan Bayh senator by it's always a pleasure welcome back to freedom watch.
Great to be with you my friend who or do you think came out on top of this deal I'll get gonna get -- a variety of options here the Tea Party.
The Republican establishment.
The White House and the democratic establishment or the democratic left.
You didn't give me the option that I wanna judge that was none of the above I think it I think the American people looked at this and kind of threw up their hands -- -- you see.
Polling out today that says so the most.
Commonly used word.
By the American be able to describe what's been going on was ridiculous so.
You know I think everyone was a little bit diminished and the real challenge is growing this economy.
We've got to get growth rates up so people can start working again paying taxes that sort of thing.
Because unless we do that all the cuts in the world are gonna get the job done saw I think it was kind of a there'll be a sigh of relief.
We did avoid a you know self made catastrophe but frankly I think everybody comes -- from this not looking so good senator you were a moderate Democrat I mean that as a compliment when you were the governor of Indiana and when you're a senator.
From Indiana and you never feared to book your party if you felt that went.
To form one direction what would you have done this morning -- still been in the United States and it.
Would you have voted to let the president -- 2.4 more a trillion more or would you have voted against us.
Well what I would want to have done as a so often the case a judge or what on the menu.
I mean you could allow the country to default at a time when the -- economy is this week it would've sent the markets into a tailspin.
And made it even harder to do create jobs and grow businesses going -- we could now that.
On the other hand we didn't solve the deficit problem this is just a you know it's a tiny step.
In the right direct short have to go through this mostly again in November and then again immediately after the election.
A year from November and that's a way to run a great country so why would want to have done -- network so kind of point out in your your introduction.
Was to get a global arrangement where we really stabilize the deficit in the debt so that it's not putting us at the hot anymore.
And then focus on getting regulations under control and you know a day hardly passes 100 -- business complain.
About some regulations keeping them from creating jobs making investment moving forward.
We've really got to look at everything in Washington.
For the foreseeable future.
And how do we grow this economy can do we can't -- we can't cut our way out of this problem can you take off your mr.
nice guy mr.
democratic moderate -- And just be a Democrat and look at the Republicans and tell me.
-- from your point of view what do you see.
You you see Goldwater vs Rockefeller.
Rage and vs George H.
W.
Bush all over again don't you who comes out on top.
The establishment Republicans like John Boehner or these young upstarts who kept his feet to the fire the call themselves Tea Party years.
Well I think both have some accomplishments are -- a success to claim.
The Tea Party or substantively got there most what they wanted there was no tax increase -- focus on spending cuts although we're you know not.
We're just not all the way to getting the problem -- they got subsequent what they wanted.
The speaker showed at the end of the day He could get a deal.
And was got most what He wanted so.
Of the but there divisions they're tensions there have that the speaker wanna date a big deal with the president to solve the problem once and for all.
But the Tea Party wouldn't go along so -- tensions there and in the democratic side of course.
The far left and wanna touch entitlements the president was willing to do that to get a deal so there are tensions there are so.
I think the party that's gonna do best going forward it's going to be the one that can get its.
You know most zealous.
Adherence to behave the most rational and that's that's a big challenge we we only have about thirty seconds left to the president -- affect his base stated differently.
Might might the left stay home in November 20 trial because they think the president sold out to Republicans.
I don't think the -- deserve this president for a lot of reasons and part of -- the president part of it's the Republican nominee.
And the Republican nominee is gonna have to continue to appeal to the Tea Party in the base of the Republican Party because there's a contested primary so he's gonna stay pretty part of the right the president.
See what the problems that he's had.
We'll have the luxury of trying to focus on independence.
More than that there were future Republican nominee and that's quite kept talking about a balanced approach and all that sort of thing and is that really appeals to dependence.
Senator Evan -- it's always a pleasure thanks for joining us thank you judge.
A recovery in question that debt deal.
