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Debt Commission Co-Chair Alan Simpson on the lack of progress in reining in the government’s debt and avoiding the looming fiscal cliff.
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-- -- Well the -- -- -- the economy is moving in the right direction -- and I I'd love to see what the -- on direct ones like.
Having said that.
Former -- -- states that -- -- state senator Alan Simpson on the phone with us right now of course the culture of the debt commission is not happy.
With what he's seeing out of his old colleagues senator -- -- -- what do you make of this and -- fears that.
Washington is is is not helping a country that has great potential.
Well I think that's after the correct let your little Fraser GDP you have very clever like new user coming on and hope you might be let's have a the way -- the -- -- -- with Mohamed disappoint apple has done swallowed or our -- side today you were really get a little basic cable.
Up earlier -- anyone now back to this you know everybody's disappointed people are discussion did.
Bush -- I go all over the country of people or shall -- could be ocean Marcia -- we're getting from everybody nobody mentions Social Security's solvency.
Nobody mentions that entitlement sure.
Going to be on automatic pilot just need to hold through everything's so.
In quality and these corporations are -- Our bullish divining rod don't know commission was David Cody of Honeywell.
Pieces CEO in my head that I haven't -- up after about two -- three months he -- Kumar knew people.
If I had a company like inside god fire people who have.
And -- -- and he has a group CEO Brooke they case.
Well the CEO to ignore it out saying him they're walking past the graveyard they know what -- it what it.
Happened senator if when you and Erskine released a report which went and got bipartisan praise.
If the president added -- did.
Really set on the hibor would says Republican leaders had -- another -- parents -- look there's something for all of us a lot there's something for all of us today.
But man oh man we've got that cover of a commission that studied this.
Each -- ox gets court -- the expression as let's run -- what do you think and how do you think things would be different today.
But they'd be very different Clinton what are wrapped his -- around this I mean when you get five I think you're right about that and at some particular.
And we have five demolition five Republicans one independent he had 6% of the commission to 60% of by everything in Washington what -- about fished out.
And he -- -- range between Dick Durbin who want powerful partition Democrat.
And Tom Coburn one powerful -- Republican and they agreed to have another -- it would've done.
Or would have been accepted they would have accepted your measures that wooded accepted did did the direction to get this under control where do you think.
The economy would be ready right now no no -- -- market since there are ways to Bombay but but DD environment right now heading into this election -- it would look.
It would be great because -- you need to do is they play him we don't have to put stuff -- legislative language before the 31.
But do applaud him we have no -- only to learn how to play -- more debt.
93 presented a plan to get spending under control patented enacted yet but the plan look we -- it looks sensible.
He criticizes I guess realizing that Republicans now but we all know what happened -- so.
You're right I think it would have been very good.
Well below Germany have a plan that may not be good but at least them the marketers and the -- stay away from us please for -- health.
If we -- -- and you wouldn't -- mumbling out of fifth should moody and all rush W -- -- -- negative rise here really wouldn't have that they'd be laying back in the -- Sissy that we could do it.
Well what happens now than senator.
Program -- no I don't want to -- they have terrible -- there -- my -- platinum group element -- hang on -- grab your shorts because one retail urged them perished in the as a money guy.
And he knows his fellow money guys that he says were gone over the cliff.
And when you go over the cliff we will make it.
We won't be number one -- be chaos there will be five to seven trillion bucks floating around between November shakes and December 31.
Anyway K without balance consortium to Russia Russian what kind of people are -- we're at a group.
Pre wish come -- right now between greed and power which.
So at -- election -- they are you basing this on an Obama win run it doesn't matter.
You think that we're gonna everything's gonna hit the fan right -- -- -- Yeah and -- well there's no demand and import look at you gotta get payroll tax back from -- to the -- to.
I'd love to lower the AARP was when they allowed this payroll -- to go to six to afford to which took about a 110.
Billion bucks Social Security bill writes easy letters about it got to do the AMP can't let backpacks come on -- quite sure.
And the -- extend the tax cut interest rates point eight billion trillion bucks.
Over the next ten years I mean this -- to plan.
-- -- -- Senator regardless who has been -- and thank you very much.
Later -- take care.
