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House Rejects Debt Ceiling Hike

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    National Federation of Independent Business CEO Dan Danner on why Congress needs to end the debate over the debt ceiling and focus on making cuts to s...

  • Duration 4:27
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This is back and back to its old time and money wasting -- house Republicans just voting down that debt ceiling hike that was expected they knew it well -- advance.

That the president would wind up hiking that debt limit anyway it was or actually -- -- last summer.

My next guest is head of a group representing 150000 small businesses they've had enough of that he is a very big problem particularly -- never ending debt ceiling debates and theaters.

And with us now is the modified B -- CEO Dan -- -- you know why we bother to go through this -- but but we -- We we did and certainly one thing that small businesses get -- is.

If you wanna get out of -- -- the first thing you gotta do is quit -- again.

If we want to solve the debt problems the answers not -- Borrow more money the answer is that get our spending under control so that were.

Not continually spending more than we're -- -- it's pretty -- that's a way around a business and that's -- -- we got around the government.

But it's brilliantly simple idea and it is simple and and what what I find most -- it's I can understand a -- part of you know Democrats they've been spending Republicans have been spending but it was this latest -- Republicans desirable those days are over.

So they protest any requests for more cash which is -- But then they don't do anything themselves of the have to size that we need to get this under control and then -- a debt super committee meets to iron it out.

It's it's a paltry sum that -- -- -- back an automatic cuts that in the scheme of things are just spit in the -- So I find then and their behavior.

Just says it's not more -- sense.

Well we'll have clearly if we're gonna seriously look at the debt.

At some point we gotta talk about entitlements.

We're gonna talk about real fundamental changes to entitlements at.

-- don't tell us it and they don't do I mean every time they -- about it maybe it's a Paul Ryan experienced.

Where they feel like now -- picture finance -- -- off the -- But whatever it is -- vilified.

There you bull left of their cats and they think you know line.

Let's now is that we're close to an election -- to sit this one out rent to re do these imaginary votes to make a statement that don't do -- And I I and that just as offenses.

I agree with you I mean it at some point we gotta have real leadership across the board and say if we're gonna fix this we gotta get.

Spending and revenues in balance and we got to deal with entitlements because otherwise you're just Dylan then at the margin you know I don't know -- -- -- Eli you any distaste and -- don't want to run for office probably wised up but I absolutely can't just say look so much money coming in lot more money going out.

You could see where this train is going it's gonna derail an end and everyone's gonna die if we keep on the direction we're going and all the programs you hold near near.

Are gonna go bye -- if we don't do something to -- this route now.

Exactly and that's -- same.

The discussion you just -- on.

401 -- and retirements they let the choice is not they're gonna cut a little bit the choice says it can't -- day you're not gonna have any thing.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- and I wonder whether -- it's about everyone protecting their proverbial Heidi.

So republic kids getting in let's say they get the White House and and they they even take dissent is talked about to happen and analysis and we're a long way from that.

I think what you do that and -- you.

Everyone expects it it -- a bit but you're going to go slow right you're gonna be Tenet because well we just got this prize we don't wanna screw it up.

And -- -- lose we don't want to go to -- to God's.

So no matter what happens we get the same results is just just different at the edges.

Well I hope not I mean I hope if there are those kinds of fundamental changes -- that the people here in Washington that there is.

The backbone to really say but let's have some bold plans and let's make some bold decisions and let's get things done.

And that you're -- your members I mean the money's not there you can't spend what you don't have.

Well that's just basic message doesn't get through.

You you're exactly right they're frustrated because that that they look and say -- -- simple small business person.

And I can't run a business that's spending more than it takes -- I do not understand.

Why the government can't get that message.

Do you think -- so much sense to answer your going nowhere.

-- data in Washington thank you very much good seeing you again.