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Will We Regret the Fiscal Cliff Deal?

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    Rep. Phil Gingrey and Rep. John Garamendi weigh in on the Fiscal Cliff deal and the deficit.

  • Duration 5:03
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Well while markets are celebrating on Capitol Hill they are actually licking their -- preparing for the next fight over what is being called -- many -- and that is the debt ceiling.

A dining out -- Republican congressman -- -- -- Georgia and democratic congressman John Garamendi of California gentlemen welcome.

To both India.

Congressman Garamendi -- want to start -- you were sitting in the house chamber.

-- -- congressman Jim Moran of Virginia last night when he said this.

And all that's left.

Is spending cuts so -- only question we have to ask ourselves is what programs do we -- and how did until we -- them we have a look back on this night.

-- regret that notwithstanding the fact that 95% of it not -- apparently will vote for.

It.

-- you -- chairman it what what -- you thinking when your fellow Democrat.

That's regional plus night.

Well I think -- right.

But he's also wrong.

-- -- half full kind of person this glass is really -- -- I feel the energy that existing California.

And that energy is that it has been at least partially released by what we did last night we took one huge issue.

Got it resolve that's the tax issue it's off the table he just had a long discussion about that.

That has been resolved.

Now if we could just get this nest next piece done this extraordinarily powerful economy that we have it.

I'm a rancher I've -- sat on a very powerful horse.

Waiting for immediate tell about -- which way are we going to go to get these cattle.

And then once I told that horse.

We were off we were able to really get these movie that's the way this economy yes it's ready to go.

We need to get this fiscal -- this question of the sequestration.

And the debt limit get it done whichever way we do we know -- got -- -- billion dollars of additional cuts that are there.

But that's as you know he mentioned.

But there's -- to be an argument we've been watching you all do this for months and the American people are ready to see another long term -- and letting -- want us and that's fine that's -- we know what doesn't have to be that way below the -- that way but it will be your own repair that com.

Person.

-- I don't want to deny you the opportunity to have a crisis.

But we can work this out we know that the cuts are there are 900 billion in this sequestration.

Get it done figure out how to do it -- slate of cash and and -- move on so that the economy can unleash itself and get going.

GOP caucus.

Yesterday would have little one mr.

better yet it himself yet it when that CBO -- Of the debt came out and we saw that the that this fiscal -- deal is actually gonna add almost four trillion dollars to the deficit was that -- -- the content and started and that meeting behind closed doors.

Or was it something else that kicked things off yesterday.

Well that that was the main bone of contention you know terribly.

College both sleeves and assault wrap it up enough the most lopsided game was the one we play here in Washington the fiscal insanity -- -- call it.

Increase taxes 601.

Spending cuts twelve unfortunate that not points that's billions of dollars -- that's a concern that that we have in the Republican.

The conservative part of -- Republican -- caucus and conference which is a majority Elvis we felt very strongly bit.

Once again the -- expression kicking the can down the road.

Owen -- on solving the true problem and that is this excess spending is out of control spending sixteen trillion dollars worth of debt and -- that doesn't even address that issue.

Problem Medicare Medicaid Social Security as it Roy sat on the floor yesterday the gentleman from California while you're talking about -- 5060.

Trillion dollars worth of debt by the year 2050.

We have you know we think we have some short term gain this thing I understand that but we need to fix the problem long term.

OPEC delegate count and again gonna take us the same question you accept mr.

Garamendi and that is about those long fight -- we're all getting ready for when it comes in the debt ceiling and sequestration.

Congressman -- did you -- railroaded yesterday.

No I didn't feel railroad are -- and I think John Boehner.

Did a good job a present enough C options and indeed even our leadership were split and I think Boehner and in the end.

He -- he voted for the bill.

And -- -- Paul Ryan McCarthy and -- -- voted against and so that's kind of issue that we replacement but let me tell you something -- the president said that.

No no more no more art vol argument over the debt ceiling.

Is she nuts saw -- let me what we should never increase the debt ceiling in any fiscal year where we don't have a budget and all the appropriations bills.

Pass for that fiscal year and I'm -- try to make those rules strange.

In the house -- me tonight.

Congressman get a congressman Garamendi -- biggest thing but people here the New York area we have we're we're expecting something on say never expected a lot of great things from you about.

The share to down on thirteen don't want us now -- You desert scenario exactly where -- I happen congressman thank you very much you know --

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