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Speaker John Boehner today handing Democrats an ultimatum on our national debt.
There will be no debt ceiling angriest without big cuts in spending now this clash in congress cost the country its pristine credit rating.
Just last summer here to weigh in on our debt crisis Herman Cain former presidential candidate welcome to the show great to see -- Hello -- thank you -- to be here thanks for coming in and listen.
You know everybody's talking about the debt nobody's doing a thing about it.
It is Timothy Geithner has said look we're gonna raise that debt ceiling and Boehner says not analyst she cut spending.
What should congress do here.
First they should not raise the debt -- that.
-- they gonna start to.
Bringing down the debt.
Is to restructure programs.
-- wanted to biggest jams and American people is when politicians continue to talk about reforming stuff.
That's cold for we have not gone to do and a thing except what we've already done they've got a -- structure these programs so that they operative word here is restructure.
Took a good first step -- his -- and alone with others that they put on the table to restructure Medicare.
If -- talk about restructured the and they -- getting serious about.
Stopping the growth and the debt they haven't even stopping yet Gerry well for they talk about seriously cutting it that's a problem.
We're famous for your 999 program but let me tell you congress cannot get off that -- -- died when it comes to debt you know that's true right I mean it's astonishing to me and now everybody's saying nothing's gonna happen until after the election.
As a practical matter to you agree.
I agree because they're not gonna do -- thing until after the election and that is sad and that's an insult to the American people.
The only way we have gone to -- the tax code which is swap proposal man not man enough steel promoting that and -- steel gain momentum.
Is to replace the tax code and restructure these programs that's what the narrative needs to be about.
But you're right nothing's gonna happen until after the election because no one wants to be targeted ought -- that if they are up for reelection.
We're talking about the tea party for just a second because there are -- many reports -- its demise.
What do you make of this and can Mitt Romney half the power.
That advocacy group can he knew right away the teen party activism into the White House.
Yes he can and here's how.
He has to be.
You made a comment in your earliest segment he needs to be -- Bolt of go home and I think that message is not only for people that are rated they have but the people -- -- -- the White House.
If he sharpened his message which quite frankly.
I've seen him do that lately and secondly.
He has to get bolder with respect to his economic growth and jobs plan.
Get bold the relative to what you would do in order to unleash the energy independence that we have picked up right in United States of America.
That's what the Tea Party they're looking for -- looking -- Mitt Romney.
To speak to three basic principles.
-- out in force the constitution.
We have a president that ignores the constitution his name is Barack Obama.
They want the free market system to be allowed to -- this president of the believe in the free market system and very late.
And that gets back to what we talk about earlier what this nation -- on the so much debt.
Well I think it's IEA it would got a long way to go many months back I wanna bring up something that happened right here in New York City.
Last night big fund raiser for -- -- I know because it took me ninety minutes to get home because traffic was so tied up in New York City.
But here's what happened -- that fund raiser that's so interesting -- The administration that told DO we -- everything open and above board everything should be everybody should know everything we're doing.
At the -- RAZR cell phones were confiscated.
Taken away so that nobody took pictures no -- -- he recorded sound.
And let me tell you the last time this happened well listen to what Obama set.
It's a full screen pair -- ladies and gentlemen.
He said you go into some of the small towns in Pennsylvania this is the president's words not mine.
And like a lot of small towns in the midwest the jobs have been gone now for 25 years.
Nothing's replaced them.
And it's not surprising then they get bitter they cling to guns or religion -- and to the antipathy toward people who aren't like them.
Or anti immigrant sentiment or anti trade sentiment as a way to explain their frustrations.
-- you think that's what is going on behind closed doors last night.
I don't know what was going on but the mere fact.
That he confiscated the -- also people could not be sent in messages while he was speaking from the heart I presume.
I think that that is just an indication.
Of the arrogance of this president in this administration.
It's not just not morning people communicate -- -- world he obviously felt that the attendees have short memories so if you take a way to phone.
You may not be -- -- -- of what you what you heard so you can't kill people later but -- an even bigger egregious act silencing.
This is down right tyranny.
-- you've heard about some of the cases for example this businessman out west about a name Efrain ban was moved.
Yeah policy contribute to the Mitt Romney because he contributed to Mitt Romney.
He's now who have been put on a list on a website where he gets intimidated.
This is not that opt -- challenge everybody out there that voted for Obama who believes that they -- -- Democrat always liberal.
Do you want these kind of tactics used in this country in order to get elected if you honestly believe that being you don't believe in a Democrat or Republican -- more you believe in the tyranny that this administration this president is trying to impose on the American people.
To be clear -- -- wife apparently gave money to a campaign.
Against yes gay marriage and so for that reason.
He and his -- -- targeted.
By pro Obama anti Romney folks that made all of this public and Herman -- you make a very good point about.
What's -- what's really going on here and it's a little frightening picture coming on the show -- it's great to have you here always fun to have you line.
You'll have it could -- -- could still alive there it's still allow.