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Point 8% of back tomorrow morning and so as the press that no word yet when the house will be back.
And now Treasury Secretary Tim Geithner is warning congressional leaders that the US is set to hit its debt ceiling December 31.
That's next Monday friends -- five short days from now with more on this Republican congressman Michael Burgess of Texas congressman welcome back to the show it's always good to have you here.
Ornery issue what -- Treasury Secretary wrote to Harry Reid.
He said I'm writing to inform you that statutory debt limit will be reached on December 31 he went on to say.
They have some special gimmicks they're gonna deploy to allow.
Has to go past December 31.
I -- tell -- we are again and nothing's being done.
We don't have any kind of resolution of the of this fiscal cliff and and more about did -- heads on the debt ceiling what do you have to say.
Well first off let's remember that the you have the debt limit the use.
No surprise of of the surprises that it.
Timothy Geithner surprised he shouldn't be I mean -- -- his job.
To keep track of this and everybody knew that we were going to run out of money in December apparently set killed.
And one of the big secrets during the presidential election and there were a lot of things that the administration kept.
From the American people but one of the big secrets was.
We would hit this debt women in December because of the -- they have been spending money for the past year they -- one point two trillion dollars.
In January remember and we all talked about that believe blow through it in less than a year.
So that is number one that's who's spending how well -- it is absolutely a problem there is no doubt about that.
But I -- tell -- that the general public is blaming Republicans look at this Gallup poll.
Republicans handling of the fiscal cliff do you approve or disapprove 61%.
Say it's the fault of your party.
Your party and were about to go over the -- -- -- what do you sex.
Of course they blame Republicans that it's what people in Washington -- But look let's let's be realistic about this the president owns the economy at the end of the day.
Whether he wants to admit that or not.
This is his job but what I was there in 2003.
Win the second round of so called bush tax policy came through the house.
The house wanted 550 billion dollars in cuts.
And Ali could get was 250 believe it was a compromise.
And what happened George Bush came down and met with our conference and said look guys you fought the good fight.
This is what I need let's go would take what we can get and get the two out in Louisville and.
The problem I don't really don't see anybody out of my friend here.
Here's what came from a lot after the you have an sees the president.
Well that you have a lot of my brand did you mention.
Can you imagine Lyndon Johnson sitting on the sidelines how something like this was going on I can't imagine -- -- going anywhere but Washington and sticking there.
Frankly but -- -- something that's new out this afternoon.
Senior administration officials in Hawaii to your point saying it's up to the GO PT.
That GOP -- should not stand in the way of coming to some resolution of the fiscal debt crisis.
What do you say -- that because we tell yet if it's a lot of finger points have been reporting is continuing and I'm not seeing any resolution I don't think anybody else's either.
Well look speaker Boehner had plan -- on the floor last week committee called it.
He probably had 200 votes had Steny -- come to him and say look I got fifty Democrats who vote with you.
The problem would have been over do you not think that Lyndon Johnson would have been on the phone.
Getting that deal done had it -- in the wings last week of course he would I didn't Ronald Reagan would have done the same thing he would -- called.
His folks and said look I need you to be with me on this we'll get some other stuff I -- later the problem is the president will not engaged he wants it.
To happen but he doesn't want his fingerprints on it because he know.
He knows whatever occurs is ultimately going to be unsatisfactory from a lot of perspectives congress for this period the fiscal cliff is a made for TV drama.
The the debt limit -- real.
Without -- Israel.
I had to -- gonna have a conference call GOP members -- talking about what to do next -- what do you think you can accomplish you know I mean interestingly bidders probably stuck in Ohio.
Because said that the whether they are so bad he might not get out there could be a lot of including yourself who might not be able to get back to washing.
Right I have a 6 o'clock flight booked every space for the next several days and it's just -- -- -- -- what happens.
When this storm that came through here on Christmas Day what it's doing in Washington DC tomorrow what what do you think he'll accomplish in this conference call tomorrow.
I die honestly do not know this was a surprise that we got what we -- That we were going to be given 48 hours notice to come back to that capital so I suspect that's -- the conference call well.
You know you guys should -- comeback he should stay until the problem is ultimately there's not it it actually wrong with working weekends my friend.
And it's always great don't ask you show your your your -- so patient with my questions thank you so much congressman great to have you on.
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