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Former House Speaker Dennis Hastert (R-Ill) and former Rep. Dick Gephardt, (D-Mo.) on the fiscal cliff negotiations.
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-- despite -- out late arrange meetings of the White House let's just say the weather outside of Washington is still frightful there's no.
Yuletide cheer and with Christmas and a clip -- approaching.
No will a firm -- of a deal to avoid global almost assuredly be a recession if they don't get a deal.
Now I drive my superior -- try to solve this problem my own but sometimes even superheroes need -- That's why you have the avengers.
So that you can tackle big problems together and movie students to make a lot more money.
But let's leave the movie studios status to super heroes of the -- to help try and fix this.
-- -- -- talking -- Democrat I.
Dick Gephardt the former house majority leader.
Republican that is actually former speaker of the house settlement welcome.
You know it's interesting because don't you guys -- because there's an old guard and not referring new interview -- old but it.
And -- we have done dogmatic views which is fair game each side we got to ask -- to move the ball and get a deal.
There's very little of that going -- speaker do you first.
Do you expect that to go on because that's what is gonna take in order of the speaker and the president to get a deal them.
But -- the costs.
-- is and this deal is sold so big you see the contraction in the economy up to 3%.
You see -- third of a trillion dollars in new taxes for American taxpayers if if they don't get this thing done.
We're we're really.
Who literally going down a financial troops so it was set up by the president the congress to be so bad that it had to be south.
And it's beat it behooves them to get done say they have to do this.
But you know they they don't and and I know lit up the deadlines -- deadlines and they find sequestration.
Cuts that will be to back up backbone it.
If they don't get -- -- nominated try to.
Moved.
That that the line on that the but I I wonder congress it is it your sense.
That they'll cobble together a deal but it won't have much teeth to it and that could be even warrants.
Well I think -- first destroy -- foreign and I'll get he's bigger.
That that's a possibility and and I hope that isn't the result because.
They've got to have credibility in the deal that they do now I think they can do a big down payment.
May be 60700.
Maybe even a trillion dollars.
Coming kind of equally from taxes and spending cuts -- -- they racers should be one to one.
Spending cuts -- -- at I'm not saying what the ratio should be it's it's whatever they can negotiate.
That's up to them we're we're not trying to be you know in the audience here tell them what to do.
But whatever they do it's gotta be a credible package has got to be real things.
And then they have to set out the targets for different areas for next year when the real hard work has to begin.
You know speak of the fear is on the many in the on the Republican side that.
They're angry at.
And speaker Boehner.
-- sort of giving away the negotiated -- right up top agreeing to revenue writes tax hikes right away.
And then that's -- the president turned around and double that revenue demand and didn't come back with spending cuts so that he is outsmarting the speaker that -- are concerned we say -- Well I think the speakers -- type position he has a coffers are that he has to work with than.
An artery pass anything they yes -- acquiescence to do -- -- -- to -- support.
And you know I would.
Hope that people would step backing give them that maneuvering room -- to.
Make the decisions and isles they got ya bows and negotiate this would be telling everybody where we're -- and that sure that he's got a few cards looked -- -- -- clear.
It's a mistake then when he goes to the micro and as he did only two hours -- -- the White House today.
To say it's up to the president did come up with spending cuts and go into Ohio tomorrow Sanong Univision -- governor -- -- -- Well effort relative.
Speaker to have his own strategy -- what he wants to do.
But what do you -- we -- -- the people every at the American people expect.
The leadership to come to the table while things that leader Gephardt -- I have done it is it in our letters basically.
Trying to get American people accept.
They look at we have -- and cuts and we have to have some reduction.
In and did very increases in ten revenue when there's a lot of ways Q2 revenue increases it could be.
Expanded basic -- be -- it could be all kinds of things but they're -- to be an expansion revenue.
Better test recent cuts you can't do wanna not the other but both people have to come together and honestly try to get that done in America people once it's done is gonna have to accept -- Now you know mister Gephardt -- the one thing that comes up to me and I -- both sides of this is that.
-- they're just some of the republic of mortgages will not give in on the revenue them and I always orient this election you could argue the wanted it.
That loses the -- that it is that taxes are gonna go for the -- you might not like it it -- of the company today it's gonna happen.
There should be come to Jesus on the whatever moment it is realize that you could work that I -- do it but just get over that.
I could be wrong on defending people's incident.
Now on though on the left serve -- the rapist.
It's like Democrats over leveraging and overplaying their hand and realizing well we're just go revenues revenues I talked to a democratic congresswoman.
Earlier today from Texas a congressman.
Who said that no -- of its revenues are a lot more revenues to go after.
And she wouldn't and in the course of an eight minute -- Fox -- she would not either could not just refuse to.
Come up -- one single things he would cut so.
Therein lies the freeze right.
Well that's you know you can get yourself into cul-de-sac on this that if everybody takes extreme positions.
Then you can't get that compromise that you need.
-- so what they've got to do which we did in the ninety's is you've got to come to some rough agreement on how much for revenue how much -- spend -- but I.
Had a stick to her right as a guy at its congress crap that Republicans have about you guys are Democrats in general -- that.
They've gone that route before they went at a high taxes whether you know it was George Bush senior to a degree Ronald Reagan 1986.
Then the cuts that was supposed to materialize later really didn't so they're gunshot.
-- -- him of their concerns.
I understand -- you've got to have -- written into the law you've got to know the exact changes you're making in Medicare.
In this defense programs in domestic programs in in the tax bill.
And you've got to have that all worked out in specific.
Hannity all right even -- -- blueprint of a deal like that's -- -- over out of -- of quick break so get back recognize that it just getting a broad -- like that it's going to be tough right.
Well that's it you have to -- -- what you talk about the the ninety's but we did do this and as we had discussed on ninety's.
We did out across the board haircut on on the budget.
In the nineties that it would we -- down.
Wouldn't speaker I would Iowa speaker and then mr.
Gephardt was later that -- -- 650 billion dollars of public debt of those first four years.
So -- -- can be done it's possible.
All right it can't be done.
