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President -- next guest is co sponsoring a bill that proposes a constitutional amendment for a balanced budget.
Republican congressman John cobble some is yet he's Republican from Texas coast and welcome the -- would have you believe it either take issue with -- okay you want a balanced budget amendment to our constitution.
That means you've got to have 34 states agree to it's okay.
And in each of those states you gonna happen over half the legislature agree to the balanced budget amendment I put it you congressman that's decades.
It is therefore a red Herring and you say.
I don't believe it's decades because it's such common sense this works all across the country in the states that -- and as we do in Texas it's a cattle chute that keeps the legislature the congress within the boundaries of a balanced budget its common sense.
It works and because of that it will happen very rapidly once we pass -- -- -- the congress asked the biggest hurdle.
Stuart we get it passed the senate -- house with a new congress we hope in January it will pass the states are predict very rapidly because it's such common solid.
It is in because if or in a war or terrorism.
We need government to cut taxes to be able to make emergency expenditures common sense says you don't have a bounce but.
What we would always -- in each one of these amendments we have where there's a war or natural disaster.
We've got the ability to deal with that -- -- you -- -- escape clauses that.
We'll leave opportunity in the event of -- war financial disaster are for example we have a giant earthquake in California.
The congress would always be able to staffing and under all of the versions that we have.
Been working on to step in and and create for the short term to deal with that specific.
Natural disaster or wartime emergency a -- to be young pejorative towards politicians the politicians will always find a way out of a spending restriction won't -- congress narrowly defined this is very specific for natural disasters.
-- wartime emergencies and takes the super majority congress -- Thanks I don't understand how we -- because you need help stimulate the economy.
Well by cutting taxes increasing expenditures and you don't want the judges running that look -- -- Polycom and look exactly and that's China.
Look where we are headed now to have got -- were headed towards -- literally a financial tsunami of debt is gonna drown this nation.
Unless we get back on a path to -- I've got along and -- -- -- -- and what's your speaker negotiated with the democratic.
You never never -- -- -- raise taxes in the time recession he never raise taxes.
If you wanna see the economy growth period is certainly not -- -- time line but does it budgets -- rates.
Ever open a business without a budget you would never have I would -- corporation this -- has its the United States.
To -- -- -- second if you put it -- -- congress do you not need some kind of super majority to amend the constitution yes house and the -- -- maturity -- gonna take two thirds of us to pass the balanced budgets and the senate and once we do that -- I predict this thing is gonna take off like a rocket to the state legislatures because the nation is so afraid of what.
This president has done to -- the deficit terrifies people as it should and I think the balanced budget amendment will pass.
Very rapidly -- -- -- favor.
Yes absolutely and so need of the tax increases you proposed with -- Obama are now all of speaker Boehner is never proposed tax increases we used as conservatives you guys are -- opposed to tax increases congressman John told -- and Republican Texas.
Thank you very much for joining us driven through maybe a spirited debate now and I -- is -- which I think gives the highlight.
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