You're watching...
Former house majority leader Dick Armey, (R-Texas), on the how Congress should handle the fiscal cliff before the tax cuts expire.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
There are sixteen working days the last for congress until the fiscal cliff -- that the tax cuts expire.
And spending cuts automatic spending cuts -- -- but speaker John Boehner is expecting only a temporary measure to be passed to avoid any consequences.
Of this happening at the end of the year former congressman Dick Armey is the former house majority leader chairman -- freedom works.
He joins us now from Dallas.
What I think that's the way they do it in -- say let's just do something on a temporary basis.
Should they try and that she and cheaper something bigger.
Congressman.
Well -- I'd be very -- -- first -- all.
It's almost impossible to make a deal -- say how big deal.
With a lame duck president.
Who frankly wasn't even competent to make such a deal while he thought he had a future in the office.
Secondly.
The one thing I think that -- Brothers speaker -- got his finger on.
They probably can't stop the sequestration here on defense spending.
Because after his disastrous debacle.
-- in.
In Libya the president cannot afford to be seen.
To be in different to defense spending.
So -- although I can hope to do is probably don't -- that sequestration he had come up with some kind of a deal would kick that can down -- road.
And wait until after.
A new president.
Is in fact.
Sworn in in order to get to the big -- handsome.
God tax -- war mug spending reduction.
Spending and reform package that -- a lot of time a lot of creative art work.
You sit and -- I'm not have a lady dot you -- lame duck president with mr.
Obama wins again.
Then does -- -- is -- equation change.
No -- -- even gets worse because.
Their first -- President Obama were to survive and win re election.
My is my believe that he would then believe that he's entitled to have only what he wants which is that a duty by and large has anyway.
He's not very good at looking that in fairly considering another point of view.
So my own view is he would get what I've called the hardening of the attitudes on the part of the president.
All right I won the election I got a mandate therefore I'm entitled to get what I want -- we gotta go soak the rich.
And spend that money on -- -- government.
These are deals that this -- this congress will the house will not go for depending on how the senate turns out senate by the way.
Generally just locks itself up -- doesn't do much of anything unique either way.
Congressman how long though before we get some real concrete.
Idea of what -- tax -- gonna look like for years to come what regulation is gonna look like for years to come because it.
By the way the bush tax cuts were designed to sunset in the first place because we're in now new way of -- -- in the long run track.
So what I'm saying as wind will we get it bus sides are guilty of -- Of doing things on a temporary basis with isn't temporary payroll tax cut what I wanna -- -- for one year we wanna do it for ten years.
-- do we have some true certain -- about taxation in this country.
Well actually the bush tax structure were designed to cut because of macular ruler of the senate with respect to tax reduction.
That didn't apply to tax increases.
I think it's going to take a new president.
New congress if we don't yet good conserve our Republican majority in both -- in the senate.
And president Romney I don't think we're going to get much but -- about a big.
Continuation.
Of this sort out.
Hide -- squabbling over the smaller smaller finer points because say that just simply not it'll actually.
And emotionally and ideologically.
Able to even speak to each other on the big matters.
It was great to say it.
As always a former house majority and later Dick Armey you'd be well it's going to be a busy way you can be a good one.
All right let's go.
