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Senate Super Committee Deadlocked

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    FOX News Digital Politics Editor Chris Stirewalt on efforts to cut deficit spending.

  • Duration 3:36
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This transcript is automatically generated

My hope is -- that over the next several days.

The congressional leadership.

On the the super committee.

-- bite the bullet and do what needs to be don't.

Because the math won't change.

There's no.

Magic formula -- no magic beans you can -- in the ground and suddenly.

A bunch of money grows on trees.

Take the -- because there's no magic beans president telling this to become need to put together and cut the deficit before next week's deadline.

But the White House at the same time also announced today as much as eight billion dollars to hire and deploy health care workers acting they're sending mixed messages.

Joining us now Fox News digital pull politics editor is Chris our lot now Chris.

I understand that there's a rush to get jobs out there at the same time we hear today that the Supreme Court is taking up president Obama's health care proposal also that are locked.

So that could be gone as far as we know and -- return a billion dollars that.

All you know get have been out here in DC billion dollars in for a government that spends ten billion a day that's like around -- there who we could there's probably a billion dollars and the couch cushions over at treasury just shake it out no problem.

Yet if that were only -- OK so we haven't given committee that it's completely gridlocked.

And what are you hearing where -- were also -- India are now that they're basically get a punt this thing out to this this special committee's.

Well there's gridlock and then there's gridlock so basically what we've been doing now is ritualistic.

Kabuki theater where -- Democrats say the Republicans won't go big enough.

The Republicans say the Democrats won't go big enough everybody deplores the situation.

Meanwhile in the background the real negotiation is taking place and that is remember the threshold is one point two trillion dollars all of this talk about four billion or more.

Is this sounds good and when you have that.

Forum over at the Brookings institute makes you look Smart.

But what they're really talking about is can they get to one point two trillion dollars or maybe even a little less because remember this and this is this is crucial to our discussion.

If they fall shall work whatever is left over let's say they get to one trillion -- 900 billion.

Everything that's left over goes into that sequestration that I talked about before and then that money just gets taken out to haircut for everybody across the board.

But the ball keeps -- Today right now today we got no deal.

-- right well I remember this is congress we're talking about this is not a rational undertaking.

There's not going to be a deal until they're absolutely has to be a deal and -- you have a deadline right before Thanksgiving for the super committee to put its work forward that's not written -- down.

The real deadline the only real deadline here is this we are almost out of borrowing authority yet again because remember we had some unused -- -- -- demand.

That it's that's worked out after the president got his new borrowing authority that money's already been used up more quickly more quickly coming up on the debt ceiling again.

And that means that's the only real deadline is that when you start into a partial shutdown -- partial default.

That you have to have that done and that's really the end of the year.

That you know I have to let you go let me ask you one quick question was -- standing committee set up to fail.

How it's set up to fail marginally but it set up to succeed marginally everybody will leave unhappy but that's generally how this stuff goes.

Yet isn't that the truth Chris are well thank you so much for being less.

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