This transcript is automatically generated
Now all right everybody President Obama he heads to Connecticut today.
To campaign fundraisers tickets for one of these big events will cost -- 36000.
Dollars a plate it's hosted by Hollywood big shots like Harvey Weinstein and Aaron Sorkin.
Connecticut senator Joseph Lieberman joins us on the phone 'cause I take it you are not going to mr.
-- house of the fund risk.
-- -- That's true spirit of good morning I'm not.
One of the benefits of being an independent -- you don't have to go to what is what matters is.
-- I take that you were not invited but let I don't is not a -- let's go straight to bush saw him on this one I I want you if you would so.
Which you reassure.
Who see a huge tax increase and a big spending decline.
Coming up on January the -- us that would be the fiscal cliff.
Could you sure how -- -- that he absolutely.
Will not happen.
Yes no I can demand that -- -- it could make I can tell you that it's my believe but thereafter.
-- it failures in the congress and all our years certain ten politics bit.
It it is highly unlikely that the -- -- and the president will lift the country go over the fiscal growth.
But that requires some -- agreements and because you don't as you well know inaction better than doing nothing which is which is what congress is -- pretty good.
Will bring about the automatic.
And of the so called bush their spirit in the sequestration.
-- which will cut spending both for defense and non defense so it could happen bird I just think in the end.
-- progress is gonna come to an agreement -- That make it not necessary.
Or they're worse than normal and it will not be good well both -- -- -- so I'm not doing everything would just could depend on her own ministers sponsors here.
I'm I'm hearing this of suggestions of -- speculation.
From -- President Clinton.
That may be you could cut -- keep all the bush tax cuts all of them all the way through -- one yeah.
And use that one year breathing space to implement some form of Bowles Simpson.
Would that idea meet -- -- great idea of an agreement.
Yeah I mean look I I -- I don't think we can do it before the end of this year body of proof read that don't and has a lot of work getting ready to -- to -- -- that that happens during the lame duck session but if we.
And a Christian would have to be bipartisan because you've got a Republican House -- it's that are.
But if it doesn't happen.
But the November December of them then -- -- of this country go over the course of sort I would quote protected they're kind of -- and do you suppose that's Britain and then -- some sort of some mechanism by which we believe.
Coerced into making some judgment -- -- like.
But you do see some progress towards a lame duck session.
Having some kind of agreement so that we don't fall off the fiscal Clinton you don't movement towards that.
Yeah isn't -- a lot of bipartisan work going on how to get ready for -- not a -- -- since infected which is four trillion dollars of debt reduction and at least.
The one point two trillion -- seems to be the minimum necessary to avoid the kind of clips that exist in the -- -- but again.
Bottom line I cannot believe that this congress.
Well oh well most of over the course toward the -- there will -- on the road fixed month surge.
Your -- degrees -- I just can't believe that.
In any position of -- authority would allow that to happen.
I don't believe I've been saying that the best thing we can do for our economy and an all sorts of ideas about ten -- -- -- -- -- there.
Would be for congress to the bipartisan.
Long term debt reduction program because -- is still the front page of the times that it -- Business is holding up investing in front because -- uncertain about the future of Puerto worker uncertain about it or cut taxes rather -- have to pay.
And what -- a government spending will there be if we create that.
Confidence over the long term I think you're gonna see on this enormous amount of money with liquid assets with cash.
That our viewer -- ought -- you want senator Lieberman thanks for joining us we do appreciate it thank you remembered --