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Dust -- that we've got speaker John -- He says that President Obama -- to -- those close dole budget negotiations the president admitted that I'm quoting now.
We don't have a spending problem got.
That's take a look at the current debt -- sixteen point 435 trillion dollars clearly with spending up a Stallman running up maximum debts.
And now we -- we're gonna run out of money totally.
On all just after February the fifteenth way ahead of the treasury is expected date.
Is this a new cliff looks like it.
-- is our friend bonds from the -- -- -- what a pleasure to have you on the show again it's been years what you look.
I -- That are out thanks for having -- sure glad to be here what do you make of this new clarify on calling it a new -- -- the fifteenth we'll just shortly after the debt ceiling comes what do you make of it.
Well we knew it was coming some diamond you know the -- the administration.
Does is arbitrarily that they'll still have.
-- -- -- money to pay the -- reporting incurred.
What they -- -- raise the debt limit for is to borrow more money so they can spend more money you know new spending -- the F if you mentioned John Boehner statement I mean that was.
And his revelation.
I think the President Obama told him there is a spending problem well what you can disagree about how big a spending problem is but obviously there is a spending problem.
And end at and I look at this is another.
Another instance where.
-- -- the American press the press corps particularly in Washington -- interest did.
In in -- any real story they would pursue this with President Obama.
I mean did you really say this what did he mean and they don't they have now with that and it's only been one day there's still time but I'm not get my hopes up now we've got.
The latest from Nancy Pelosi saying we want more tax revenue to 620 billion was not enough.
The president says we don't have a spending problem.
He's implying that there's going to be more tax coming in Ohio.
I I think it would be by cutting deductions.
So we're still miles apart as this fresh new clip for rise is still a huge stand -- has been.
It it's a complete standoff and of course president.
Obama is very hard to reach a deal with in any case and that's why -- like every president I've covered has always have been able to engineer.
A bipartisan agreements with the other party in congress.
Of the -- the president can't do that particularly because no matter what happens.
He just won't deliver spending cuts Nancy Pelosi doesn't want them but but President Obama and I mean this is -- a continuing complaint.
Of John Boehner and one of the reasons why he says now look on -- not gonna do any of these.
Backroom negotiations with the president because he just won't give us anything he won't there's no -- Life don't you think the media at some point I mean like now.
Will turnaround and saying -- and it when it hit no spending cuts apple and more -- more taxes.
What the media at some points and hold on on minutes we we can't we can't do this.
On the get a -- soon.
Hope springs eternal including with me but that I knew that we haven't seen in the evidence of this yet look.
W -- the whole press corps has been -- has reported.
So favorably about President Obama you -- -- -- honeymoon for his push for years and you would hope and I like.
I I -- there's some there's something in me that tells me that they will get tougher with President Obama and here's a perfect chances you've outlined -- Stewart.
You know you have.
And we -- here they're doing things that I think many people.
Who voted for President Obama didn't expect him to do they -- that expecting another huge tax increase.
-- -- I thought I think many of them thought.
-- just raising the the the income tax rates on the wealthy would be enough and here they're talking about a trillion more and no spending problem.
I do I -- I just can't believe.
That the media will continue to be top on the Republicans.
When clearly there is no intention of cutting spending all or just I would say getting spending more entitlements under control apple had every intention of continuing to raise taxes on a small group of people.
And you know it is just not true that if you raise taxes on the rich you -- you for all the -- that -- spending money on.
She I am convinced that -- so maybe I'm only I'm convinced that at some point pretty soon some in the establishment media will point this out.
Well you would think so and the but the history of covering President Obama so far is the opposite they will not pointed out they have.
Absolutely low expectations for -- he's not unlike other presidents have.
If there was a deal need to be made -- spending need to be cut they would somehow find a way to do it and reach a compromise with the political opposition.
When the president's in negotiations he's not expected to do anything and if they break down it's the Republicans fall.
Is there -- -- -- and the Republican Party that's pointing things out.
Telling it the way it is you can think come a moment.
Well there are some -- I think we're gonna hear more from Paul Ryan for sure.
He hasn't been that outspoken recently since that actually since he was a vice presidential running mate.
Mitt Romney in the election was lost but I think we're gonna hear a lot from him and and we did do and and vote at all also Marco Rubio because those of the -- who will get immediate attention.
Maybe I'm naive but I'm just expecting a modest media tonne at some point in the near future -- I -- -- just night Fred bonds as you know -- -- police please.
-- always a pleasure thank you very much and -- thanks for having me forget about.
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